About Unique Add-on Course on FICO Module of ERP (SAP)
The purpose of this unique add-on course is to provide opportunity to students to develop the skill set required by industries in the area of Accountancy including Cost and management Accountancy and taxation and thereby increase the employability of our College students in Digitalized Industrial world.
ERP, short for Enterprise Resource Planning, is business process management software that allows an organization to integrate various processes that are essential to running a business into one complete system in order to increase productivity and improve performance within an organization.
ERP software is basically a suite of integrated applications designed to manage the key functions of a business including accounting, inventory and order management, human resources, and more. It integrates all those basic functions into one centralized system in order to streamline processes and information flow across the entire business organization. The automated system integrates areas such as planning, inventory, purchasing, marketing and sales, human resources, and finance. The term ERP is not self-explanatory and refers to an industry term for the broad set of activities that would
help an organization record and manage its data related to technology and human resources. In short, ERP is a technology that automates the core business processes of an organization in order to eliminate redundant processes and systems. Today, there are many players in the market offering ERP solution major being SAP, Oracle, Microsoft, Infor, NetSuite etc., but SAP continues to be the market leader in this area.
Founded in 1972, SAP was one of the pioneers of developing an ERP system. They didn’t use the term “ERP”—in fact, the term was only coined years later—but it does explain why SAP became synonymous with ERP. SAP stands for Systems, Applications and Products in data processing. SAP is a very large software company in the world. It provides solution for financials, manufacturing logistics, distributions, etc. SAP is a product by the company SAP AG It is an integrated system in which all the SAP modules share information. Transactions in this system are carried out automatically based on the defined processes. SAP is one of the world’s largest software vendors of ERP systems. SAP-ERP is an integrated software solution by SAP AG. It streamlines processes across procurement, manufacturing, service, sales, finance, and human resource.
About FICO Module
SAP FICO is the Finance and Cost controlling module in SAP ERP where FI stands for Financial Accounting and CO stands for Controlling. SAP FICO module is very robust and covers almost all business process encountered in various industries. It is one of the very important and widely implemented modules in SAP. It is one of the most important modules in SAP that looks after Financial Accounting (FI) and Controlling (CO) i.e. SAP FICO. Here, while FI refers to the financial aspect of the business, CO refers to the Managerial and Cost Controlling. With this SAP module, one can track and trace the financial health of the organization via custom built reports and can discover solutions for accounting requirements. FICO is the best configuration for internal as well as external accounting processes; wherein real time financial transactions are integrated with various parallel SAP modules for best results. SAP FICO is the pillar of SAP as this is an excellent application for finance related function and is one of the most popular products. This application automatically
translates into a good and steady requirement for FICO professionals. Every graduate / Post graduate student can pursue SAP course. SAP FICO is one of the best course to do now a days and get a reputed job in MNC to start a career as SAP FICO Consultant.
About SAP Course Details
Being one of the most crucial ERP modules, this add-on course equip students to gain expertise and proficiency with the FICO module. With the course content that has been designed closely with the industry experts, students receive hands-on expertise, step-by-step instructions and real-world examples that equip you to deal with financial and accounting related challenges from day 1 in real life situation.
SAP FICO course start with defining the basic organisational structure and moves on to Account receivables and account payables. It then delves into Investment and treasure management concepts, Cost element accounting, profit center group, amongst other concepts as given in detail in Schedule for Course.
Course Duration: 100 Hours course
Hands on Training: 80 hours
Classroom Sessions: 20 hours
Dr. Heena S. Oza Ms. Farida R. Mandviwala
(Associate Professor & IQAC Coordinator) (Assistant Professor & Course Coordinator)
Industrial Visit to Mill