SAP S/4Hana Simple Finance
This is the latest version of FI/CO called Simple finance. A lots of finance and controlling tables have been made simple in this version. There is no vast difference in terms of the front end core functionalities. FI/CO is short for Financial Accounting and Controlling. It is one of the core modules of ERP (Enterprise Resource Planning) and these two modules have been combined because they both serve to store data on financial transactions. The difference between FI and CO is that FI or financial accounting deals with external reporting, such as profit and loss statements and balance sheet. CO, on the other hand, is used for internal reporting. The activities of departments like cost center accounting are reported through CO module.
There are also a few sub-modules of financial accounting including bank accounting, travel management, and accounts payable, etc. CO includes profitability analysis, internal orders, profit center accounting, etc. SAP FI/CO module works in collaboration with many other SAP modules, such as MM or materials management and PP or production planning. The FI module has to receive important data from these modules and from human resource and sales and distribution for precise accounting.
SAP FI module has been designed to work in any kind of economic or financial situation as it is flexible. The legal requirements are also covered in this module making it easier and straightforward to consolidate reports. Controlling involves management and configuration of master data made up of cost elements and internal orders.
About this course
Our excellent SAP FI/CO training course will give you all the information you need to succeed. If you work in the financial sector, this qualification could be the launch pad you need. The course will help you learn the basics when it comes to SAP FI/CO consultancy. If you already understand the world of finance, this training is ideal for you. When you know how to be a consultant, you will find that you have more opportunities than you do now. You can lead CEOs in the right direction when it comes to their budget. That in itself is a valuable skill. Aside from that, the course will teach you about organization, finances and controlling.
What will students learn?
Throughout the course, you will learn a great deal about finance. In fact, this training will give you the basis you need to take on a role as a Junior FI/CO consultant. You will learn about many different areas, such as cost management and budgeting. In theory, you should take these skills and apply them to the firm for which you work.
When you undertake a study program with us, we will help you every step of the way. Our expert team of financial minds have a vast wealth of knowledge that they will use to engage and empower you. When you have completed the course, you should understand how a business can make profit. When you have that unique set of skills, you will find that you have what it takes to become invaluable to any firm. When you apply for a role, you can show people that you are more than a financial expert – you are a leader as well.