Sap Fico Jobs

In the contemporary scenario, most organizations tackle complex financial situations and to run business smoothly there is a constant demand for better and efficient software. To make this process smooth and effective and flawless, SAP has introduced a new module i.e. SAP FICO that will help to make financial controlling better. As the ‘FI’ in the name stands for Financial and ‘CO’ stands for Controlling.

This unique software is in high demand with corporate market as this helps companies to do all the financial transactions, controlling, analysis and reporting activities easily.

This software easily integrates the financial reports of all the subsidiaries and departments such as sales, HR, distribution, procurement etc. and addresses all types of issues such as accounts payable, general ledger, accounts receivable etc. So, if you are the one willing to make a career in this field then here are a few things that you must know about this career to make a smarter choice before you enter this field.

✅ Who are SAP FICO Professionals?

These are the finance professionals who have this add on skill and make a career in this. These professionals are required to have a thorough knowledge of SAP Fico and work on various financial projects that the company offers to maintain and control the financial situation of the company as well as the client. These professional works to manage business process effectively and efficiently.

✅ What are the educational requirements for SAP FICO Jobs?

To be a professional and start a job in the field of SAP FICO, a potential candidate is required to take a Bachelors and Master’s degree in business or financial domain from a reputed institution. He or she must select suitable subjects, such as financial and management accounting or economics.

So, the courses you may opt for can be:

• B.Com.
• B.A. (Economics)
• M.Com
• MBA (Finance)
• Certification in SAP FICO

✅ What is the scope of SAP Fico Jobs?

Most organisations, industries need a professional who may integrate and manage the financial processes well and with time they have got a perfect solution for it, due to these set of responsibilities, most companies look for potential SAP FICO professionals and give them an opportunity to work with top management in the company. This is one of the highly paid job roles among present day jobs. So, if you want to make a career in this field, then you must know that this field is worth to work for and if you tale-up a professional course for this i.e. certification for SAP FICO then you may get lots of interview call from companies.

✅ What are the positions available for SAP FICO Jobs?

• SAP Consultant
• Junior SAP Consultant
• Senior Finance Manager
• Accountant
• Accounts Payable Analyst
• Financial Analyst
• Data Analysts

✅ What are the responsibilities of SAP FICO Professionals?

• Figuring out the business necessities of the company.
• Creation of strategy for executing the scheme.
• Application of the plan.
• Authenticate the necessities of the financial report.
• Work and analyse any changes in modifying financial data.
• Give training to the end-user teams.
• Help to clarify the day to day questions of end users.
• Improvement of the SAP for the end-user based on condition
• Go to meetings with the clients.
• Accumulate info on their present business processes and make a file.
• Data Mapping from the source information to target better financial position.
• Investing time in gap analysis and looking for the gap between as-Is and To-Be procedures.
• Maintain a file for requirements that are gathered at the time of workshops which are used in business planning.
• Doing the functional testing and integration testing with SAP FICO.
• Arrange global settings and enterprise business settings.
• Work to configure G/L, A/P, A/R, asset accounting.

✅ What are various interview questions asked for SAP FICO Jobs?

• How would you state financial accounting?
• Why would any company use SAP FICO?
• What submodules are included in SAP FICO module?
• What is general ledger and what is the use of it?
• What is company named as in SAP FICO? What does it consist of?
• What would you do to manage transactions that a company receives from different lines of business?
• What steps would you take to manage credit limit for the customer in FI?
• What is the use of fiscal variant?
• What are the different types of accounts in SAP FICO?
• What is the need of using different types of business transactions?
• Explain the G/L Reports in FI?
• What do you understand by company and company code in SAP FICO?

✅ What salary one may expect in SAP FICO Jobs?

• As an entry-level SAP FICO Consultant with less than 1 year of work experience one can expect to make an average total salary of 3,87,452.
• At early stage of career as SAP FICO Consultant with 1-4 years of work experience one may earn an average total pay of ₹5,11,289.
• Reaching mid-career as SAP FICO Consultant with 5-9 years of work experience one may earn an average total salary of ₹9,10,596.
• As an experienced SAP FICO Consultant with 10-19 years of work experience one may draw an average total Pay of ₹14,31,017.
• In the late career as SAP FICO consultant with 20 years and higher work experience employees can earn an average total compensation of ₹20,29,478.