Is SAP FICO Certification training and exam worth the money ?
Are you looking for good job as SAP FICO consultant ? Maybe someone suggested the option to go for SAP Authorized training and then attempting the SAP FICO Certification exam. Is it worth it for freshers ?
Totally Not. SAP FICO Certification is just not worth it. It is a ripoff of your hard earned money.SAP is just making good money out of this whole Authorized training and Certification business at the cost of innocent job seekers.
Lets start with the usual one.
1. Do I require a Finance Degree to apply for SAP FICO job ?
NO. I know few Non-Financial background guys doing great in SAP FICO world and have seen CA/MBA finance guys struggling to get it cause they just wont learn.
It is more EASY if you are a Finance Graduate/Post Graduate/CA/MBA Finance etc to start syncing in the concepts easily. That is the only differentiation from a degree perspective. How fast can you understand Debit-Credit , Balance Sheet/ P&L ? Of course the Finance degree guys have an edge . They studied those topics for 3/6 years vs a Non-Finance degree guy.
2. Can I join SAP FICO fresh out of college after my Graduation/Post Graduation ?
This is a good SAP FICO Accounts receivables tutorial that I usually refer to. Any transaction codes with starting with Z are not of use since they maybe specific to the company. I would suggest a newcomer to first understand the following transaction of this tutorial first and then move to other details.
- Create Customer Invoice FB70
- Booking Customer Invoices F-22
- Incoming customer payment F028
- Clearing Open Line items in the GL Account F-03
- Refund of Advance to Customer F-31/F-18
- Clear Customer Invoice with Advances F-32
- Reversal of Noted Entries FB08
Here are some useful SAP FICO Interview questions related to General Ledger Accounting
- What is a General Ledger Accounting Document?
- Explain the Document Principle in SAP
- What is the significance of Document Type and Document Header?
- What is the connection between Account Type and Document Type?
- What are GROSS and NET postings?
You can find the latest SAP FICO Jobs in USA in the below feed.