Is It Worth Learning S4 Hana Finance Without Having Accounts Background

Last Updated on May vii, 2022 by

Why Should I learn SAP FICO?

SAP FICO is the all-time selection for people who are new to SAP and accept a background or knowledge in Finance and Accounting. It is also the 1st step towards upgrading yourself for SAP S/4HANA Finance. Thus, to become a successful SAP FICO consultant, or to upgrade your career into S/4HANA Finance, you should learn SAP FICO.

Why learn SAP FICO on S4 HANA - Skillstek

Importance of SAP S4 HANA FICO

SAP FICO on S4 HANA grade covers deep knowledge of the basics of SAP FICO likewise as the delta changes involved in migration to S4 HANA.

SAP FICO works on the ECC platform. While here we are talking about S4 HANA FICO which also includes the procedure of migration to S/4HANA along with the nuts of FICO. HANA works on cloud computing platforms. Thus, to properly understand the delta changes infused in HANA, you lot should demand to acquire SAP FICO on S4 HANA.

Anybody is talking about SAP S4 HANA Elementary Finance these days. Some likewise consider that SAP FICO is outdated now. However, in Republic of india, SAP FICO is still the most desirable module. It may take some more time, perhaps years for companies to fully adopt SAP HANA replacing ECC.

So yous tin choose to get an SAP FICO consultant since it is still in demand. You may as well choose to become SAP S/4HANA Finance Consultant, which is again trending and is the future. In both cases, learning SAP FICO will help.

Introduction to FICO

You already might know what is SAP FICO. It is an application to analyze the truthful fiscal condition of a business organization in comparing to manufacture standards & competition. FICO has two parts; FI & CO. FI is mainly used to enter financial transactions in the SAP ERP system. Whereas CO monitors & controls the cost accounting and managerial functioning of the business.

With the help of SAP FICO implementation, you can integrate the financial transactions with other processes of the business such as sales, production, marketing, etc. This is to say, that all workflows become in sync with their respective financial valuation. Furthermore, in FICO, you can generate reports automatically on a timely basis to get complete control over the financial operation of the company.

SAP S/iv HANA FICO

SAP FICO on HANA is nothing only SAP Due south/4HANA Finance itself. Many people call it S4 HANA FICO, FICO being an quondam popular term.

It is the core functionality for finance operations as part of the SAP S/4 HANA Organisation. This includes diverse business function solutions:-

New General ledger
New Asset Accounting
Controlling
Textile Ledger
SAP Cash Management
Depository financial institution Accounting
SAP FSCM etc.

SAP S4 HANA FICO Vs. S4 HANA Finance

Allow me clear the difference between SAP S4 HANA FICO Vs. S4 HANA Finance.

SAP FICO on the S4HANA course at Skillstek starts from scratch. From the very nuts of SAP Finance and Decision-making to the HANA Migration process, everything is covered.

While SAP S/4HANA Finance Training shares migration to HANA, the delta changes. It is an advanced level class, thus, people who are already working as FICO or S4HANA Finance consultants will become do good from this grooming.

SAP is gaining popularity at a very fast pace. Companies having SAP ERP enabled, demand skilful SAP Financial Consultants to exercise their implementation job effectively. At present, if yous are a fresher and aspire to be a part of such an organization, you lot must take a expert hold of overall basic concepts and deep cognition of your domain. Thus, to handle Financial & direction accounting successfully, you should proceeds basic knowledge of SAP FI.

That's why you demand to master SAP FICO and get an SAP FICO job in the initial phase.

SAP FICO is the 1st rung of the ladder in the SAP Financial Bookkeeping career path. Thus, even to go an SAP S4HANA Finance consultant, learning SAP FICO on S4 HANA would surely help.

So, if you are a beginner and desire to become an SAP FICO or S4HANA Finance or SAP S4HANA Controlling Consultant, learn SAP FICO from a quality trainer. Importantly, the trainer should exist highly knowledgeable and experienced to make y'all comfortable in learning new things.

How to cull the best course for me?

It depends on your profile and portfolio every bit to which of these should you cull. So, if you are a beginner or new to SAP, yous can learn SAP FICO on S/4HANA. This covers FICO on the HANA platform. So no need to learn SAP FICO and Southward/4HANA Finance separately.

If you lot are already an SAP FICO consultant or an S4 HANA Finance consultant, you lot tin opt for SAP S/4HANA Finance training. This covers S4HANA delta changes, considering that you are already aware of basic financial accounting concepts. So it depends majorly on your profile and prior knowledge.

Who should learn SAP FICO S4 HANA – Eligibile Person

Anyone tin can learn SAP S4 HANA Finance having good knowledge of Business process knowledge like Tape to Report (R2R), Social club to Cash (O2C), Procurement to Payment (P2P), Knowledge of Production Costing etc.

Any SAP ERP Consultant working on the SAP FICO module who wants to handle Migration Projects or Central Finance Projects is highly required to upgrade their skills on S4 HANA Finance.

Career Benefits

Being the leading ERP solution across the globe, SAP is the all-time career choice in growing fourth dimension.
Finance is the most popular module in SAP that remains in trend always. The requirement for SAP Finance consultants is huge and is expected to grow much more in contempo times.
It enhances your contour and professional portfolio.
SAP gives a very strategic career hierarchy which gives a sense of career security.
SAP Consultant profile is an interesting profession. It involves configurations, troubleshooting, support, and technical processes, thus creating stability and making it ever enthusiastic.

Watch: SAP Due south/4HANA FICO Training – Consecration Session