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.

 Step 5: Build your business/domain knowledge 

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