Learn SAP FICO with Free Lessons & Tips

Which companies hire SAP FICO consultant fresher on internship for learning consultant skill and knowledge in HYDERABAD location? Would you please help as I am searching for a job opportunity for a long time? I have five years of working experience in the TCS for the KYC domain and completed SAP FICO training. But I cannot do SAP global certification due to financial problems in the COVID-19 pandemic situation. read less

I have done my MBA in Finance and am working as an Accountant with basic SAP, FI module. Now I want to learn the FICO module course; will it be suitable for me? If not, what else should I learn to increase my salary?.

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SAP FICO module needs finance and accounting knowledge which you already have. We will be applying our functional expertise in SAP. This is the best module for entering into information technology without any programming and coding knowledge. Get in touch with a real-time consultant who can explain all the real-time scenarios. 

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I completed B.com in 2007, i have around 9yrs of experience in US backoffice insurance operations, now i am looking for change the domain, is there anything that i can learn and get a job? or Am i eligible to learn the SAP FI-CO?

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Electronic Bank Statement in SAP

Medium to large scale businesses do thousands of transactions each day. Lot of these transactions are banking related. Reconciling bank balances with book balances manually is not possible.

Uploading manual bank statement in ERP system is a time consuming affair and prone to clerical errors due to manual intervention. Treasury staff in an organisation may end up spending lot of time usually at the end of month for reconciliation.

Electronic bank statement feature provided by SAP can save a lot of time and is error free. SAP will upload the file which is sent (FTP) by bank. Based upon SAP configurations financial postings will be done. This configuration will upload the statement automatically and at the same time will do the bank sub ledger postings and clearing postings.

 

Prerequisites

 

Following are the basic requirements for setting up EBS in SAP:

 

• House Bank
• Bank file in specified format
• SAP Configurations for EBS
• Set up connection between SAP and bank for file transfer mostly secured (sFTP)
• SAP automated batch set up

SAP Configuration of electronic bank statement(EBS)

 

Financial Accounting –> Bank Accounting –> Business Transaction –> Payment Transactions –> Electronic bank statement

EBS is done at Chart of Account Level

1. Account symbol creation – Account symbols are specifications for general ledger accounts. These are posted with each possible transaction contained in bank statement.

2. Assign accounts to account symbol – GL accounts are mapped to account symbols in this step.

3. Create keys for posting rule – Description for the necessary posting rules is entered in this step. Each posting rule represents a business transaction.

 

4. Define posting rules – In this activity posting specifications for each posting rule is created. You specify how a certain business transaction is to be posted with which posting key, document type and posting type. 

5. Create transaction type – Transaction type contains the external transaction type. External transaction types are codes used by banks to specify the business transaction in bank file. Transaction types in turn  are link between External Transaction Types, Posting Rules and Interpretation Algorithms. Interpretation algorithm interprets the note to payee line in bank statement and accordingly clears the open items accordingly.

6. Assign bank account to transaction types – Last step involved is assigning bank accounts with transaction types as defined above. This step contains the list of external transaction which are valid for a house bank. Please note that assignment is of Bank account number and Bank Routing Number and not of GL account in this step.

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I did my MBA (finance) in 2017 attended few interviews but didn't succeed from then prepared for government exams  didn't crack the exam .I want to do a sap module some people are suggesting its a waste of time as you are fresher and go for small job .Few of my friends did sap in various modules and spending idle without job .I was in dilemma to go for sap .if i can go which module is better for me along with Fico  . can i do in local institute as they told course duration is 45days

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Hi, I am a b.com graduated working as a purchase manager and right now looking for SAP FICO course would this help in future? Or any other respective course related to my education and exp.

Kindly suggest

Thanks in advance.

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Hi I am Praveen. I completed my BCom in 2012, currently working in the BPO sector. I'm interested in IT sector. Will you suggest me which course is suitable for me.? read less

Hi, I did my graduation (B.Com) in 2010, after struggling a lot I started my career in 2013 as an executive in BPO and presently working as analyst back-end process us healthcare, I'm looking for job change. At present I'm doing tally ERP 9 GST with Ad Excel training and simultaneously I want to do SAP FICO module training, is it best to do SAP FICO according to my profile. Please, suggest me. read less

Hi,

 

I am having a 3years of experience for MNC and was the end user for the SAP 

Planning for the SAP FI-CO training .Can anyone suggest me a Good training classes in jaipur it's duration and fee for it.

 

Thanks

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Hi Hema,

Hope you are doing great..

If you can spend onr hour time for the online live demo session, definitely you will get the clarity. Our SAP FICO  Real Time Global Certified Professionals will give you the best suggestions for your career. Once yoou like the way of training and explaination, you can start the training in your flexible timings with very affordable price. You can reach us on Nine Six Four Zero Four Four Zero Four Six Eight.

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