Professional Documents
Culture Documents
Sap Fico: About The Trainer
Sap Fico: About The Trainer
SAP FICO
INTRODUCTION
http://studynest.org
info@studynest.org
+61413159465 (Australia)
© MNM Resources
About the trainer
• Certified SAP Consultant with 10 years of SAP experience
• Completed 4 end‐to‐end, 3 global rollouts and 8 continuous business
improvement projects
• Worked with top‐tier consulting firms such as Accenture, IBM, Fujitsu,
UXC Oxygen.
• B.IT (Hons) Information Systems Engineering
• MBA (majoring in Finance)
• Certified Project Management Professional (PMP)
© MNM Resources
1
SAP FICO Introduction
About SAP
SAP is a German multinational software company known for making enterprise software
to manage business operations.
SAP stands for Systems, Applications and Products for Data Processing.
SAP started in 1972 with five ex‐IBM employees, as a small software company in
Germany with just one customer. Now the company has over 291,000 customers in over
190 countries and more than 70,000 employees.
It is the most valued company in the German Stock Exchange having overtaken industry
heavyweights such as Volkswagen and Siemens.
© MNM Resources
What is SAP R/3, SAP ERP
The SAP R/3 System has a three‐tier client/server architecture. R – Real Time Data
Processing and 3 for the three‐tier structure. It is the old name given to the SAP’s ERP
architecture. The new name is simply called SAP ERP.
SAP ERP
© MNM Resources
2
SAP FICO Introduction
SAP ERP Modules
FI – Financial Accounting
HR CO
CO – Controlling (Management Accounting)
MM – Materials Management
Popular
SD – Sales and Distribution Modules FI MM
PS – Project Systems
HR – Human Resources PS SD
© MNM Resources
What is SAP FI?
FI – Financial Accounting – Manages the financial General Ledger (GL)
transactions of the organization.
Financial transactions are recorded in the Balance Accounts Payable (AP)
Sheet and Income Statement (P&L)
Hence, the subcomponents of this module is Accounts Receivable (AR)
aligned with the Balance Sheet and Income
Statement.
Asset Accounting (AA)
Banking Ledger (BL)
© MNM Resources
3
SAP FICO Introduction
What is SAP CO?
The CO module supports the process of planning, Cost Elements
reporting and monitoring the operations of the
businesses. Cost Centers
It involves around managing the costs and looks
toward increasing profitability. Profit Centers
Internal Orders
Profitability Analysis
Product Costing
© MNM Resources
Prerequisite to learn SAP FICO
• Basic knowledge of accounting principles
•Debits / Credits
•Balance Sheet Account
•Income Statement Account
•Basics business terminologies : Vendor, Customer,
Inventory, Revenue, Expenses, Cost Center, Profit,
Assets, etc.
© MNM Resources
4
SAP FICO Introduction
Scope of SAP FICO
• Business Path
• Join as an end‐user in an organization in their Corporate Finance or any
other Finance related departments
• Coca Cola, Pepsi, Unilever, Reliance, BHP, Shell, etc.
• Consulting Path
• Join a consulting firm and develop a career towards becoming an SAP
Consultant
• Accenture, IBM, Capgemini, Infosys, TCS, Deloitte, etc.
Pursuing the SAP Certification gives you accreditation, recognition and knowledge
© MNM Resources
Role of a SAP FICO Consultant
Business
Blueprint Final
• Initial Project Planning • Baseline Configuration Preparation • Critical Go‐Live Support
• Project Procedures and • Analyse As‐Is and To‐Be • Unit Testing • Continuous business
Processes Processes • Integration Testing • Stress and Volume Tests improvement
• Project Team Members • Org Structure Definition • User Acceptance Testing
& their Training • Gap Analysis • User Training
• Project Kickoff • Create Blueprint • Data Migration
Documents • Cutover Strategies
Project • Functional Specs Go‐Live and
Realization
Preparation Support
© MNM Resources
ASAP methodology