Jun 11

Is SAP FICO Certification training and exam worth the money ?

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.

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Dec 05

What are the prerequisites for a newcomer to get SAP FICO Job?

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 ?

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Dec 03

SAP FICO Accounts Receivables tutorial

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

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Dec 03

SAP FICO Interview Questions – Account Receivables

Start with these basic set of SAP FICO Interview questions related to Accounts Receivables
.
  • What is a ‘Customer/Vendor Master Record ?
  • Why is an ‘Alternate Payee’ used ?
  • Define ‘Tolerance’ in Transaction Processing
  • What is ‘Dual Control’ in Master Records?
  • What is a ‘Bank Director’ in SAP?
  • Give step of a ‘Sales Cycle’ in SAP

 

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Dec 02

SAP FICO Interview Questions in General Ledger Accounting (FI-GL)

Here are some useful SAP FICO Interview questions related to General Ledger Accounting
(FI-GL)

  •  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?

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