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Answered on 08 Feb IT Courses/SAP/SAP FICO

I completed B.com in 2007, i have around 9yrs of experience in US backoffice insurance operations, now... read more

I completed B.com in 2007, i have around 9yrs of experience in US backoffice insurance operations, now i am looking for change the domain, is there anything that i can learn and get a job? or Am i eligible to learn the SAP FI-CO?

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Imrankhan Patan

Experienced IT professional

Yes you will be eligible, but my suggestion is to go on the practical side rather than the technical team of SAP FICO as you will know more on business process, you can quickly become Functional expert, but you also need to study SAP technically as well.
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Lesson Posted on 05/12/2019 IT Courses/SAP/SAP FICO

Electronic Bank Statement in SAP

Vinod Kumar

Having around 15 years of experience with expertise in sap fi, co, s/4 hana, sd and mm and working in...

Electronic Bank Statement in SAP Medium to large scale businesses do thousands of transactions each day. Lot of these transactions are banking related. Reconciling bank balances with book balances manually is not possible. Uploading manual bank statement in ERP system is a time consuming affair and... read more

Electronic Bank Statement in SAP

Medium to large scale businesses do thousands of transactions each day. Lot of these transactions are banking related. Reconciling bank balances with book balances manually is not possible.

Uploading manual bank statement in ERP system is a time consuming affair and prone to clerical errors due to manual intervention. Treasury staff in an organisation may end up spending lot of time usually at the end of month for reconciliation.

Electronic bank statement feature provided by SAP can save a lot of time and is error free. SAP will upload the file which is sent (FTP) by bank. Based upon SAP configurations financial postings will be done. This configuration will upload the statement automatically and at the same time will do the bank sub ledger postings and clearing postings.

 

Prerequisites

 

Following are the basic requirements for setting up EBS in SAP:

 

  • House Bank
  • Bank file in specified format
  • SAP Configurations for EBS
  • Set up connection between SAP and bank for file transfer mostly secured (sFTP)
  • SAP automated batch set up

SAP Configuration of electronic bank statement(EBS)

 

Financial Accounting –> Bank Accounting –> Business Transaction –> Payment Transactions –> Electronic bank statement

EBS is done at Chart of Account Level

1. Account symbol creation – Account symbols are specifications for general ledger accounts. These are posted with each possible transaction contained in bank statement.

2. Assign accounts to account symbol – GL accounts are mapped to account symbols in this step.

3. Create keys for posting rule – Description for the necessary posting rules is entered in this step. Each posting rule represents a business transaction.

 

4. Define posting rules – In this activity posting specifications for each posting rule is created. You specify how a certain business transaction is to be posted with which posting key, document type and posting type. 

5. Create transaction type – Transaction type contains the external transaction type. External transaction types are codes used by banks to specify the business transaction in bank file. Transaction types in turn  are link between External Transaction Types, Posting Rules and Interpretation Algorithms. Interpretation algorithm interprets the note to payee line in bank statement and accordingly clears the open items accordingly.

6. Assign bank account to transaction types – Last step involved is assigning bank accounts with transaction types as defined above. This step contains the list of external transaction which are valid for a house bank. Please note that assignment is of Bank account number and Bank Routing Number and not of GL account in this step.

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Lesson Posted on 07/11/2019 IT Courses/SAP/SAP ERP

Why to Choose SAP

Chetna P.

I am 6+ years experienced SAP professional, currently working in reputed Big4 audit & risk assurance...

What is SAP all about? SAP applications, built around their latest R/3 system, provide the capability to manage financial, asset, and cost accounting, production operations and materials, personnel, plants, and archived documents. The R/3 system runs on a number of platforms including Windows 2000 and... read more

What is SAP all about?

SAP applications, built around their latest R/3 system, provide the capability to manage financial, asset, and cost accounting, production operations and materials, personnel, plants, and archived documents. The R/3 system runs on a number of platforms including Windows 2000 and uses the client/server model. The latest version of R/3 includes a comprehensive Internet-enabled package.

Why SAP certification:

SAP Certification is the most sought after certifications in the Information Technology (IT) world. In every nook and corner of the world, it has created tremendous buzz among the IT professionals. Probably, SAP Certification is one of the most criticised certifications, but at the same, it is one of the biggest dreams for number of individuals. Many people have criticised in many ways by writing blogs, articles and even books. But, nobody can rule out the craze that it has created in this fast moving IT world. SAP Certification is one of the most successful IT certifications in the recent past.

Career in SAP:

Certified SAP administration draw a lucrative salary with excellent growth prospects. It will derive you to a tremendous salary increase with a certification, at 50% and 13% in Asia and the rest of the world, respectively. According to Indeed.com, certified SAP administration earn an average of $85,000 and are sought-after in Fortune 500 companies. This course talent are strongly requires in companies now a days.

 

Who can learn SAP?

This course is meant for students and professionals who are keen to enter the field of Systems Application & Products and aspire to become SAP Administrator.

 

 

 

 

 

 

 

 

All modules in SAP Syllabus

  • SAP overview
  • Basic knowledge of SAP modules and ERP functions
  • SAP Administraion
  • SAP Basis
  • SAP Hana
  • SAP ABAP
  • FICO, MM, SD
  • SAP Administration ( R/3 security, BI security, HR Security and GRC overview)
  • SAP FICO (Finance and Controlling)
  • SAP SD (Sales and Distribution)
  • SAP MM(Material Management)
  • SAP HANA(High Performance Analytical Appliance)
  • SAP ABAP ( Programming)
  • SAP PP (Production Planning)
  • SAP HR (Human Resources)
  • SAP CRM(Customer Relationship Management)
  • SAP SRM ( Supplier Relationship management)
  • SAP QM(Quality Management)
  • SAP BI(Business Intelligence)
  • SAP BO(Business Objects)

 

 

Course Duration

Each individual module can be completed within 32 hours (appx. 2 months)

 

 

 

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Lesson Posted on 02/11/2019 IT Courses/SAP/SAP Technology Platform /SAP Fiori

SAP S/4 HANA FINANCE

Venkat Surya

I am a SAP FICO Trainer/ Consultant with over 12 years of experience in training and consultancy. Experience...

SAP S/4 HANA IS REALLY PICKING UP FAST. PEOPLE WITH FICO KNOWLEDGE ARE ADVISED TO UPGRADE THEMSELVES TO S/4 HANA FINANCE. IF YOU ARE CERTIFIED IN S/4 HANA FINANCE IT GIVES YOU BETTER OPPORTUNITIES TO GET INTO THE INDUSTRY.
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Answered on 27/10/2019 IT Courses IT Courses/SAP IT Courses/SAP/SAP Product Life cycle management products/SAP MM

Chandrachur Bandyopadhyay

Exchange Online

You can stick to that or you want you could move to Office 365. This is a demanding course and you will get offer if you have good communication skill. Initially you will get 20K approx. Once you switch you will get 5/6 L /A.
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Answered on 26/09/2019 IT Courses/SAP/SAP Product Life cycle management products/SAP MM IT Courses/SAP/SAP Analytics and Data management Products IT Courses/SAP/Analytics products +1 IT Courses/SAP/Customer relationship management products less

Raman

IT Professional Trainer with 12 Years of Experience in IT Industry

Hi Priya, There are many placement consultancy for SAP MM, you can serach online and read review and can meet accordingly.
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Answered on 04/10/2019 IT Courses/SAP IT Courses/SAP/SAP Product Life cycle management products/SAP MM IT Courses

Debarati S.

Professional with more than 13 years of industry experience

SAP is a good choice, get certified as functional consultant for the Finance module of SAP
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Answered on 10/11/2019 IT Courses/SAP/SAP Technology Platform /SAP ABAP

Bobby S

SAP ABAP Consultant with 5+ years of experience and 2 years experience in training

Check spvrit realtime training on sap abap ,sap FICO and sd Need more info let me know.
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Answered on 18 Jan IT Courses/SAP/Technology Platform IT Courses/RDBMS

How can I learn MariaDB online?

Ali Naveed Ershad

Database Trainer

I teach MySQL/MariaDB DBA. Have 12 yrs experience in the same. Let me know if you interested
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