sap fico
SAP stands for systems, applications, and
products in data processing
The goal of sap is to
give customers the ability to interact with a common corporate databases.there
is a sap R/3 software which manages all the modules.
sap fico
introduction
Fico means fi-finance and co-controlling it helps
in the development of a business there
are many financial sections that are included into sap they are
--> general ledger
--> account payable
--> account receivable
The benefits of this is when the products are
sold and payments are made then entries are automatically updated to the system
in real time
Co-controlling means it handles all the flow of
costs and the transactions that take place in the company.
in this, there are various segments involved like
--> product costing
--> cost center accounting
--> profitability analysis
industry
There is a large demand for sap in the market now-a-days
The growth for this position and for the
development of this software is increasing yearly
career
There are many job opportunities in this there
will be surely a great future with sap
The average payscale in India for a sap fico
worker is 590,383 pa
In the USA starting salary is 50,000-70,000 USD
pa
Sap fico project manager gets 1,40,000 to
1,80,000 USD per annum
modules
FINANCE
==> Financial account basic settings
==> General ledger
==> Account payable
==> Account receivable
==> Asset accounting
==> Reports
controlling
==> Basic settings of controlling
==> Cost center accounting
==> Internal orders
==> Profit center accounting
==> Profitability analysis
conclusion
This is the overview about sap fico the growth
and demand for this is more in the industry it will be helpfull for all the
professionals and also for the freshers
SAP FICO on
