Question: What Is Full Form Of SAP FICO?

What is meant by SAP FICO?

SAP FICO is the Finance and Cost controlling module in SAP ERP where FI stands for Financial Accounting and CO stands for Controlling.

SAP FICO module is very robust and covers almost all business process encountered in various industries.

It is one of the very important and widely implemented modules in SAP..

Is SAP FICO a good career?

SAP FICO stands Financial Accounting and Costing is the highest paid salary with the very good growth rate. … But it is not that easy to get a job in SAP FICO as the competition is very high. The job of SAP FICO consultant symbolizes one of the most lucrative career paths in the market today.

Which SAP module is in demand 2020?

1. SAP S4 HANA. This is one of the most important additions of SAP in all of its 23 years. The SAP S/4 HANA module is used for high-performance analytic appliance and is considered as the in-memory version of the Business Suite ERP platform.

Who can do SAP FICO?

However, some SAP ERP certification modules require relevant work experience in field like engineer graduate with relevant work experience of minimum two years can take a course in SAP MM, PP, and PM module while a commerce graduate or MBA can choose SAP FICO certification.

How long will it take to learn SAP FICO?

Sap Certification Course Duration The duration of a SAP course will vary based on the areas of specialization. Most courses can be completed in 30 to 60 days while some go up to 90 days.

What is the salary of a sap fresher?

SAP Fresher SalariesJob TitleSalaryCSC SAP Fresher salaries – 1 salaries reported₹ 10,41,261/yrBullet Logistics India SAP MM Fresher salaries – 1 salaries reported₹ 4,10,969/yrABC Fresher SAP ABAP Developer salaries – 1 salaries reported₹ 1,98,000/yr4 more rows

Is SAP FICO in demand?

As the demand for SAP FICO is growing, the salary structure of an SAP FICO consultant is highly lucrative. According to, the average salary for SAP FICO consultant ranges from approximately $78,334 per year for Business Analyst to $159, 626 per year for SAP Project Manager in the USA.

What are the topics in SAP FICO?

SAP FI – OverviewFinance Accounting General Ledger.Finance Accounting Accounts Receivable and Payable.Finance Accounting Asset Accounting.Finance Accounting Bank Accounting.Finance Accounting Travel Management.Finance Accounting Fund Management.Finance Accounting Legal Consolidation.

What is the age limit for SAP course?

37Originally Answered: is it applicable to start a SAP career at the age of 37? Of course it is with the proper background.

Is SAP FICO difficult to learn?

Sap fico is not difficult to learn provided you get proper guidance. Conceptual understanding along with hands on practise is need to understand sap fico. Not at all SAP is not difficult to learn ,but you need to have good accounts base so you will understand it well .

How does SAP FICO work?

SAP FICO allows an organization to store a complete version of their financial transaction data. Specifically, the purpose of SAP FICO is to help companies generate and manage financial statements for analysis and reporting, as well as to aid in effective business planning and decision-making.

Who can learn SAP FICO?

A candidate with domain experience of three to five years can join the big IT companies such as Accenture, IBM, etc. Most of the companies want to have an experienced person rather than a fresher and then train them into their internal project to learn SAP FICO.

What is the best course in SAP?

Top 5 highest paying SAP modulesSAP S/4HANA (High-Performance Analytic Appliance) … SAP ECC FI (Financial Accounting) … SAP SCM (Supply Chain Management) … SAP HCM (Human Capital Management) … SAP BI (Business Intelligence)

How many periods are there in the SAP FICO?

165 periodsHow many periods are there in the SAP FICO? There are total 165 periods among which 4 are considered as special. They are generally used when it comes to defining any data that is related to fiscal year.

What is the main use of SAP FICO?

The primary purpose of SAP FICO is to support the organization to produce and handle all the financial statements for analysis and reporting and also assist with effective business planning and decision making.

What is the fees for SAP FICO?

HI,SAP FICO course are provide many institute with different fee such that:^Course duration 8 weeks (2 months)^ Fees Rs. 25,000 / -to be paid in two installments of Rs. 15,000+10000 each month^ Individual course fees FI 15000 /- and CO 15000/-^ Fees Rs. 30,000 /- for online training All approx.

How do I start a career in SAP FICO?

In order to make a career as an SAP FICO consultant, the candidates should get certified in SAP FICO module; this will not only make them eligible to work as an SAP FICO consultant, but they can also able to perform various other roles such as account and Finance executive, senior analyst programmer and many more.

Can I do SAP after 12th?

You have completed your 12th exam in commerce stream and you need to wait till the completion of your graduation. After graduation you can join SAP program. SAP is highly paid certification program so i suggest you to command over basics of commerce and financial terminology.