How to Make It Big As A SAP FICO Consultant

SAP FICO is an important module of the ERP (Enterprise Resource Planning, which isbusiness management software for integrated applications) and both FI and CO modules store financial transactions data. The term FICO stands for FI (Financial Accounting) and CO (Controlling). Companies hire freshers from the market and give them adequate training to become proficient SAP FICO consultants. To gain adequate practical knowledge of it, 2 years should be spent in a company as a ultants. To gain adequate practical knowledge of it, 2 years should be spent in a company as a SAP FICO consultant. The first step to become a SAP FICO consultant is to have adequate knowledge of SAP and Finance before embarking on the career.

SAP FICO consultants draw high salaries and you could make a lucrative career as a SAP FICO consultant by doing the . The steps you could follow to emerge as a successful SAP FICO consultant are listed below.

1. Get Acquainted with FICO Configuration

The first step to become a successful SAP FICO consultant is to get acquainted with the FICO configuration. Take the FICO module training from an authorized center. It has two modules, FI and CO. You could do training in both or either of them. At the end of the training, certifications would be awarded to you in FI or Co or both from SAP which are of considerable importance in the job market. You can even do the training on your own to acquire knowledge of the SAP FICO module. The SAP Press book known as the ‘SAP ERP Financials: Configuration and Design Second edition’ is very helpful in this aspect.

2. Do the FI and CO Associate Certification Courses

The next step is to obtain a FICO job as a consultant or analyst which would certainly give you the practical experience and help you to learn the concept faster. If you are interested to follow the FI and CO certification route for the official SAP training, the exam numbers for the associate FICO certifications are C_TFIN52 for the Financial Accounting and C_TFIN22 for the Management Accounting. The courses should be taken from SAP Education Centers like TFIN 20, TFIN22, TFIN50 and TFIN52.

3. Gain Practical Experience

After acquiring the necessary domain experience as a FICO consultant or analyst for 3-5 years and applying the knowledge of SAP in any organization, make an effort to join the big brands like IBM, Deloitte or Accenture as a SAP trainee or into support projects. These companies prefer domain experience to freshers and train them in their internal projects to learn SAP FICO.

4. Do the FI and CO Professional Certification Courses

This step should be followed much later in your career. Before following this step you need to have several years of experience in FICO configuration. To acquire professional FICO certifications, the exam numbers are P_FINAC for Financial Accounting and P_FINMGT for Management Accounting.

Before getting acquainted with the FICO configuration, you should get familiar with the business processes in the SAP ERP. You should have adequate knowledge in Finance, Accounting and have access to SAP IDES. Gain a general idea about the FICO modules. Only after having the adequate and the required knowledge, it is a good idea to get familiar with the FICO configuration. To gain success as a SAP FICO consultant, you should have the following knowledge, skills and expertise:

• Sufficient knowledge in Financial and Management Accounting.


• You should get acquainted with the business processes.


•  You should have the passion in offering solutions and supporting other professional and business people. You could do this by being actively involved in other blogs and communities.


• You should have the skills for researching, configuring and testing.


• Last, but not the least, you should have a lot of patience to succeed in this field.

Thus, in order to become a SAP FICO consultant, the above mentioned steps could be followed. Meanwhile, it is desirable to read books and get actively involved in communities, whether it be a personal blog or SAP SCN. You can gain a lot from SAP Trainers, SAP books, personal experience, and SCN. The entire process would require a lot of your time, money, and patience.