A career in SAP FICO is very good and demanding. It is better if you are from an accounting background and provides you with a solid career path. An SAP FICO consultant works on an SAP implementation project. The main responsibility of an SAP FICO consultant is to design, build and deploy SAP-based ERP solutions. SAP FICO consultant you must be result-oriented, good in the accounting business process, and have excellent communication and leadership skills. It is not easy to start a career as an SAP FICO consultant. Even if you know all SAP FICO concepts and don’t have any practical experience make it is difficult to make a career as an SAP FICO consultant.
Steps to start Career as an SAP FICO Consultant
- Take training of SAP FICO module from an authorized training center.
- Select a training center that can provide you with both theoretical and practical experiences.
- Attend certification exam provided by SAP Certified Application Associate.
- As a certified candidate you search for a job related to the SAP FICO field.
What does a SAP FICO Consultant do?
To be a SAP FICO consultant you should have a clear idea of the roles and responsibilities of a SAP FICO consultant. The main responsibilities of a SAP FICO consultant are:
- Executing SAP Business Warehouse(BW) in projects.
- To corporate and guide, other consultants provide training to newcomers and the end users.
- Providing support in the testing process to discern errors in documentation or applied business processes.
- To make use of all opportunities for the improvement of business systems.
- Configure plan based on business requirements.
Modules of SAP FICO
Beyond all these discussed above you should have a clear idea about SAP FICO modules. Knowledge of these modules can help you to choose the right career path with a FICO certification. A candidate with a FICO certification can have many career options such as FICO consultant, Account and Finance Executive, Senior Analyst programmer and more. To understand what a SAP FICO consultant does, we should have an idea about the need for SAP FICO modules. SAP FICO module is a combination of two modules such as SAP Finance(SAP FI) module and SAP controlling(SAP CO) module including user management and configuration.
Need of SAP FI Module
The SAP FI(finance) module is the most commonly used module to handle finance and accounting. The financial condition of an organisation can be easily analysed using the SAP FI module. SAP FI is one of the important modules of the SAP ERP solution. The SAP ERP solution automatically manages diverse accounting tasks such as ledgers, balance sheets and profit and loss statements etc…. SAP FI module can be integrated with other SAP FI modules like SAP SD, SAP PP, SAP PP, SAP MM, SAP SCM and more.
Need of SAP CO Module
The SAP CO(controlling) module helps an organisation to schedule, monitor, execute and report on costs. It also includes managing and configuring typical master data such as Cost Elements, Cost Centers, Profit Centers, Internal Orders, Functional Areas and many more. SAP CO manages processes such as organising, chasing, execution and reporting. It includes components related to Profitability Analysis, Internal Order Accounting, Cost Center Accounting, Overhead Management etc….
Even Though theoretical and practical knowledge is important to being a SAP FICO consultant. Skills is also essential to transform yourself to an expert SAP FICO consultant. The basic skills required for a SAP FICO consultant are Bussiness Process Knowledge, Configuration Skill, Service Marketing Skills, ability to share knowledge, communication skills and more.
However, still, there are some challenges in building a career in SAP FICO. Capturing a training course on SAP FICO course helps to overcome these challenges. If you choose a training institute to be a SAP FICO certified make sure that can provide you with both practical and theoretical knowledge.
Finprov aims to help you through the process and support you to achieve your goal to be an accounting professional. Through this learning experience, we aim to build the accounting professionals of tomorrow. The SAP FICO certification course provided by Finprov focuses on making candidates familiar with the software. The course gives the right balance between theoretical and practical learning. The other accounting and financial courses provided by Finprov are PGDIFA, PGBAT, CBAT, CMA USA, CA Foundation, Gulf VAT, GST, DIA, CHRPP(HR payroll processing) and more. These courses are provided to learners by the best trainers and with the best technical support.
The practical training program that supports learners to achieve the best in their careers. Some software is introduced using simulation software(It is a digitally enabled software that provides accounting and finance learners with practical knowledge and applications of accounting software) that makes you more familiar with the software. It will be more helpful when you move toward your career.