SAP or Systems Applications and Products is an ERP software that helps better management of business operations involving human resource, financial analysis, administration tasks, production duties, sales, etc. SAP is sub divided into various modules and FICO is one such SAP module. It concentrates on the aspect of financial management, accounting and writing reports. A promising career as a SAP FICO consultant can be pursued by completing a college degree and applying for the position.
SAP FI is known for financial accounting, while SAP CO is for controlling. When the two features are merged in SAP FICO module; they help effective control of the entire organization along with financial management.
SAP FICO consultants can choose from SAP FICO functional or SAP FICO technical courses:
- SAP Functional: The term signifies having functional knowledge and proceeding via functional process with both FICO and FICO configuration data knowledge.
- SAP Technical: The term means having short knowledge of FICO configuration and FICO functional awareness to seek jobs in technical fields such as system modification, developing reports, etc.
SAP training helps students and software professionals to master the various SAP modules and gain knowledge on basic SAP software. Those desiring to become SAP FICO consultants can go ahead and get training for the SAP (FICO) online training. Professionals having basic domain knowledge and a real passion for financial computing apps can confidently apply for such SAP training courses for a career choice as SAP FICO consultants.
Practicing with SAP standard report and understanding financial accounting books would also help get practical hands on knowledge on SAP application.
Duties of a SAP FICO functional consultant
- Is easily able to configure the accounting system
- Having in-depth knowledge of the business processes
- Use business process knowledge to create system configuration
- Effectively transforms the meeting details with customers into algorithmic and abstract business plans
- Identifies the case issues and converts them into technical or logical points.
- Helping the system to react in a specific way according to the constraints of the ‘use case’.
- Making documents of the settings to prepare disciplined guidelines so that other consultants may use it for future changes
- Making the system usable and giving proper training to all other users, so that there is adequate business flow.
- Assisting the technical staff for testing of the system
- Creating a usable and consistent system for tackling real issues and further repairs
- Transfer of all external knowledge to the client by understanding the business process and identifying defects.
General duties of SAP FICO Technical Consultants
- Acquisition of fresh logistics automation
- Performing high end program office functions
- Designing of critical or general components and automated information system (according to the nature of the business)
- Conversion of user tasks into usable tasks
- Creating info-provider, info-sources, main source system using SAP BW application
- Working with team of SAP technical staff members as well as functional consultants to develop major projects that includes architectural configuration and testing.
- Ability to interpret complex technical and functional structures into quality models that support the business decision making procedures.
SAP FICO Testing Roles
The core consultants in compliance with end users test the SAP postings, whether it is as per the needs of the needs of the business organization. Testing of the output documents like invoices, purchase orders and accounts; to ascertain that they are printed in the correct format with precise data information. Unit tests are also conducted that includes SD, MM and FICO modules. The system integration testing (SIT), performance testing, acceptance testing and regression testing are also done as required by the organizations.
Unit testing are done to rate the success ratio. Successful technical testing proves that a specific developed code actually works and performs during a process. Winning functional unit testing shows that a particular configuration is working and the data given is accurate.
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