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How to start a career as a SAP FICO consultant?
Are you
considering working as a SAP FICO consultant? Maybe you've heard that FICO
consultants have generous salaries and high demand in the market, maybe you are
passionate about finance and accounting, maybe you already have knowledge in
the field and want to take it a step further, or maybe you're simply curious.
If any of these, you are probably wondering which road can get you there
faster. We asked a couple of our best FICO consultants to answer this question
for you and they gave us the following steps:
Step 1: expectations
and passion
The only
reason a lot of people enter this field is because they expect to earn a big
salary, but they lose themselves in the sea of the SAP resources.
Disappointment will hit you hard if you don't prepare yourself from the
beginning that you will have to invest a lot of time, and probably money, before
you could have chances to find this handsomely-paid job you were looking for in
the first place. So, for the first few years, concentrate on learning each part
of SAP FICO module. After a few years of working as a SAP FICO consultant, you
can start looking for another job opportunity with a higher salary. Also, you
will probably face a lot of obstacles in the process of getting into the field,
gaining experience and finding a good job and the only fuel you will have all
along this journey is passion. So, if you don’t have passion for this field or
if you hate working in a team, working on a computer, giving presentations,
making negotiations, problem solving, you should probably think again before
you take another step.
Step 2: Basic
knowledge
It will be
very difficult to become a consultant without having an appropriate
university education. It would definitely be a plus for you if you had taken
relevant courses in college such as finance, management, accounting… etc.
If you don't
have any financial background, you can take a few months to learn the basic
processes of finance and accounting entries. Companies prefer to have sap FICO
consultant with domain experience as they are the ones who can understand the
process better within SAP. So evaluate your level of knowledge in finance
before starting your career as a FICO consultant. It is also essential to gain
basic knowledge
about SAP
itself. You will have to have at least an overview of the other modules as
well.
Step 3: Learning SAP
If you don’t
mind paying a lot of money to learn, you can either take the official SAP
training or course. The following is list of important areas of training
relevant for FICO consultants offered by SAP:
·
S4F00 - Overview of Financials in SAP
S/4HANA
·
S4H00 - SAP S/4HANA Overview
·
S4F10 - Business Processes in
Financial Accounting in SAP S/4HANA
·
S4F40 - Business Processes in SAP
Cash Management in SAP S/4HANA
·
TFIN50 – Financial Accounting
·
TFIN52- Financial Accounting
II
·
S4F55 - SAP Revenue Accounting and
Reporting
However, if
you found the official training and certification too expensive don't lose hope
as there are many other ways to learn SAP. For example: you can find a local
training center or even study entirely on your own using online videos and
materials.
Step 4: Self-Study
It is
extremely important to learn to study on your own if you want to succeed in
this field. Don't rely on the courses alone because what will make you truly
stand out is your ability to practice, study, and expand your knowledge outside
the course. Remember that "Google is your best friend" and if you dig
deep, you'll find a treasure of SAP tutorials and resources. There are many
sources of material available online. Choose the material that will advance
your SAP FICO knowledge.
Here are some websites you that can help you:
·
https://open.sap.com Since 2013, openSAP has been
providing free Massive Open Online Courses (MOOCs) to everyone interested in
learning about SAP’s latest innovations and how to survive in the digital
economy.
·
https://www.sap.com/community.html SCN (SAP
Community Network) is not only a great source of materials and technical
guides; it is also a source of inspiring stories that can help you move to the
next level.
·
https://help.sap.com/viewer/index it offers SAP
product documentation, Learning Journeys, and more.
Strive to understand
all the details of the business you deal with. Mastering the system knowledge will
come with practice and time, but gaining the business knowledge is what you
should really focus on. Carefully study the business processes as well as how the business is translated in the SAP
system itself. It
is your key to succeed as a consultant.
Step 5: Work on your
inter-personal skills
Team working,
communication, flexibility, configuration and negotiation skills are all
essential for FICO consultants. As a FICO consultant, you will definitely be working
on computers and doing a lot of problem solving all the time. Make sure you are
ok with this before you start.
If you are eager to learn more, please
contact us
Email: Education@jupiter2000.com
Tell: +201001331977