Which SAP module is good for a finance background student and why?

manpreet Best Answer 2 years ago

You should go for SAP in financial accounting. Let's learn about it: SAP Financial Accounting (FI) SAP FI module as the term suggests deals in managing financial transactions within enterprises. This financial accounting module helps employees to manage data involved in any financial and business transactions in a unified system. This module functions very well for reporting requirements. The SAP FI module is very flexible and functions well in any type of economic situation. Be it a smaller organization or a larger organization, SAP implementation helps in consolidating data for diverse business transactions and legal requirements. Financial Accounting module helps one to get real-time financial position of an enterprise in the market. SAP FI incorporates with other SAP modules such as SAP SD, SAP MM, SAP PP, Payroll and more for better work results.

manpreet 2 years ago

Finance background students can do following two SAP functional certifications: (a) SAP FICO is a module used for financial reporting both externally and internally by business enterprise. The objective is to record all financial transactions that are posted by an entity and produce financial statements which are accurate at the end of the trading period. SAP FICO is made up of sub modules. The sub-modules that are often used are accounts receivables, accounts payables, asset accounting, general ledger, Accounting and bank accounting, etc. (b) SAP CO module is an important SAP modules offered to enterprises. The controlling module supports in the process works of planning, reporting and monitoring operations of businesses. It involves methods to view and organize costs that are required for financial reporting. Certification in SAP FICO or SAP CO will enhance employability of students with financial background both in business enterprise and IT companies.