SAP FICO Training Institute: When Financial Accounting Met Controlling
You are because somebody told you that the world can be owned by an SAP Certification. Huh? Well, it’s simple enough: You are here because you have this idea that you need an SAP Certification. Let us tell you: They are right. In case you haven’t had this idea, let us start by introducing that idea to you. We have three words: SAP Training Institute.
If you are not a student of Commerce, the words: ‘Financial Accounting’ and ‘Controlling’ may as well be mumbo jumbo! Although, that should not stop you. Precisely because—when Financial Accounting met Controlling, the digital revolution happened! SAP FICO is responsible for bringing you a majority of the commodities you enjoy! We are here on one mission—Making you aware that an SAP Certification will set you apart from the crowd!
If you’ve thought, why even bother? I am not a Student of Commerce, please bear with us. We have some information that will tell you why an SAP Certification is valuable for any graduate of any field! ( Except if you are a Rocketman)
Accounting with SAP FICO Course: A Back Story
Let’s make this short: Accounting is a record of all things an organization/business does. Simple enough? Probably not. On a more accurate basis, accounting is keeping a record of all transactions. These transactions, in turn, are visualized as income statements, balance sheets, profit & loss statements, etc.
Although all businesses/organizations are required to adhere to a certain set of rules. Some of these rules are named the GAAP or Generally Accepted Accounting Principles. Hold up! I don’t get it, what’s the GAAP now?
Case in Point: Every country has its rules, right? Similarly, the rules of Accounting are held by a Constitution. The Constitution of GAAP and many others that we will not cover for the sake of time and finishing this blog. Although, if you want to read more, we have a fantastic article for you.
Thus, let’s get into the question of—What’s SAP FICO? More importantly, why should you be concerned about it, or for that matter get certified in it?
What is SAP FICO? Is it an ERP worth the Certification?
“Well, how about this way? I hate that my accountants make double entries in books when it gets cold and I hate that my balance sheets are impossible to balance. I came here tonight because I realized ERP prevents all that from happening! As soon as I realized I wanted to get an ERP, I wanted to start the rest of it as soon as possible.”
-An Average Business Owner
ERP systems have been making their way into the Indian Landscape. This is a truth that you cannot escape, and SAP Leads the way. The Micro, Small, and Medium Industries keep increasing day by day. Management of any Organization requires precision and care. The MSME(s) (Micro, Small, and Medium Enterprises) are no exemption. An Accountant is the backbone of any Organization, Large or Small! Precision and care are included in the job role of an Accountant. The Age of Books is gone, and the era of Organizational ERP is dead. The future is Cloud Computing! (Don’t believe us, click on the link)
SAP or Systems, Applications & Products in Data Processing is without a doubt a power-pack of solutions. From Core ERP to Analytics to HR, SAP does it all. Thus, a certificate that proves your proficiency in SAP, will most definitely set you apart.
What is the main use of SAP FICO?
Remember when we said nearly everything you use can be traced back to SAP? Well, we will elaborate on the why of it, right here! Among the multitudes of Organizations, Torchbearers like NTPC, IOCL, SAIL use SAP! The list is endless in India(both private and public sectors), and globally the scales are beyond belief! However, the key part is—You can’t Learn all of SAP. SAP has many modules, and each of them caters to individual roles. However, the most vital role is that of the SAP FI & SAP CO Modules.
The FI Module has to do with the Financial Accounting Part of it & the CO Module has to do with the Managerial Accounting Part of it! Easier said than done right, and what the heck is ‘it’?
- The ‘it’ is an Organization, and the Financial Accounting module has to do with users inside that organization.
- The Managerial Accounting Module is done solely for the management! In other words— Managerial Accounting is for Managing the Organizations.
If you have guessed it by now, then—Ding, Ding, Ding! You have figured out the value and the core difference between Financial Accounting & Controlling (i.e. Managerial Accounting)
1. SAP FICO Training Institutes and Courses: Why choose it!
In the previous section, we covered SAP Usage in India. However, we already know that it isn’t enough. We posed a question earlier: Is getting a certification in SAP FICO as an ERP is worth it? However, SAP FICO itself isn’t an ERP. It’s a part of a digital revolution, and we had to let you know about the following factors of SAP FICO:
- Salary of an Entry Level SAP Business User
- Growth Prospects: Entry to Experienced
- Value Proposition of an SAP FICO Course
2. How much does SAP training cost?
SAP Training and SAP Certifications are two different aspects. An SAP Associate Certification will cost a lot. Although an SAP FICO Training Institute is a lot more cost-effective. Furthermore, a course can be done as low as Rs.35000/-(and lower). An SAP FICO Training from an SAP Partner Institute will get you career-ready as ever.
If you are a Graduate Level Accounting Student/MBA Student of Finance, SAP FICO is the course for you, and we say this because of three reasons:
- The Training Course is easy on your Pockets.
- You get rigorous testing of your learning.
- The Certificate makes your CV a treasured one.
Although, if you are not a student of accounts— A SAP Certification will hold value just the same. Employers love versatility, and that is not a secret. Your investment will be returned triple-fold within one annum.
3. Which institute is best for SAP?
There is no such thing as best institutes, but an ideal institute should be:
- Partnered with SAP, Microsoft, NSDC, Skill India
Further, the institute should:
- Provide 100% Job Guarantee
- Have 70,000+ Registered Employers
- Teach you how to interact with other SAP Modules
- SAP Certified Instructors.
- Simulated Projects with Live Training.
- Basic and Advanced Accounting Modules Covered
- Personality Development through Mock Interviews & Webinars
- Stellar reviews of Students after Placement
An SAP Training Institute should have a singular goal that precedes everything, and that is Placement! 100% placement! If you are looking for the best SAP training institute in India with placement.
4. Is SAP FICO a good career?
SAP FICO deals with Financial Accounting & Managerial Accounting. In essence, this means a Business User of SAP FICO is not only an accountant but a part of the management structure. FICO is all about making reports and making the right decisions. The prospects are virtually impossible to guesstimate, but the roles after an SAP FICO Course are as below:
- SAP Business User
- SAP Consultant
- Accounts Manager
- Accounts Executive
- Finance Executive
- MIS Executive
- Senior Finance Executive
- Accounts Executive
- Senior Accountant
- Assistant Manager – Accounts & Finance
- Accounts & Finance Manager
- Financial Analyst
- SAP Functional Consultant
Although a majority of the roles require prior experience, having an SAP Certification at the 10+2 Level increases your chances of employment. However, some institutes do offer Job Guarantees for SAP FICO (Business User) Certification at the Graduate Level. Looking for an SAP Training Institute like that?
5. What is the salary after SAP?
After an SAP FICO Course, the Minimum Salary starts at 3 LPA and can go up to anywhere between 8 to 10 LPA.
6. Can I learn SAP without an IT background?
Nothing of that sort is required, but everything depends on the SAP Modules you want to learn. The SAP Certifications are targeted towards a multitude of people with various skills. Although, you can learn SAP FICO without any prior IT background.
7. What is the salary for SAP freshers?
The average salary of an SAP Fresher as per Glassdoor stands at 3 LPA, and the highest salary stands at Meanwhile, the standard for a fresher SAP FICO Business Users in New York is between $91500 to $118000.
8. Is SAP a good career option?
We will leave a link to a list of Job Listings on Naukri.com for SAP FICO. What we suggest you is—look at the average salary of an experienced SAP FICO Business User. Don’t like the suspense? Well, it ranges between Rs. 8,00,000 PA to Rs. 25,00,000 PA.
8. Which SAP course is in demand?
Two Words: SAP FICO. Nothing more, nothing less. If you want to begin your journey into the universe of SAP, this is your entry. This course consists of Two SAP H4 HANA Modules that further break into other modules. The purpose of SAP FICO is to manage an entire organization, and in that essence: You need SAP FICO.
9. How can an Online SAP FICO Training course help me in my career?
We saved the best advice for the last. By now, you must have these two pressing questions:
- How do I know I can do SAP FICO?
- How do I know that I have taken the right institute?
The answer is deceptively simple: Book a Demo Class! Err? What? Yes, think about it. Before you dive into it and make a commitment, take a demo class, and find out for yourself.
An ideal institute will not jump into lightspeed and start right in the middle of the course! Every institute has its curriculum and a way of imparting that education. We have our way too, and we will let out a little secret. Okay? We make sure the course is set to your knowledge level. Want to know more?