Sap FICO and CAs


SAP Business Consultant

Originally posted by : shweta

Hi Sheli,

I'm a recently qualified CA and i'm really confused with the path to choose.I'll be moving to canada next year to join my husband.Do you think FICO will help me to give a good career start (to start with in india and later in toronto) ?

Thanks,

Swetha.

Dear Swetha,

 

SAP is an internationally accepted ERP, grabbing 60% of the ERP market throughout the world. And in your case, this profile looks even more relevant since you are moving to a country where same accounting principles and reporting standard are not followed and you might want to settle in a profile that gives you flexibility to work in either country. 

 

From the information I have, there is a good number of organisations using SAP in Canada. I myself did one implementation for a Govt. funded hospitals group in Canada.

 

I think the CA degree will also give you an edge against many who are not professionally qualified in Finance & Accounts. Organisations all over the world prefer a CA + SAP than a B.Com + SAP.

 

So don't be confused, start learning from whatever source available. Or you can also try unauthorised SAP learning centers providing SAP know how (without certification).

 

Hope this helps.

 

Cheers!

Sheli

 
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jglig;oihohj

Originally posted by : Sheli Sehrawat



Hi Sheli,

    Thanks a lot for the insight.

Originally posted by : shweta






Hi Sheli,

I'm a recently qualified CA and i'm really confused with the path to choose.I'll be moving to canada next year to join my husband.Do you think FICO will help me to give a good career start (to start with in india and later in toronto) ?

Thanks,

Swetha.






Dear Swetha,

 

SAP is an internationally accepted ERP, grabbing 60% of the ERP market throughout the world. And in your case, this profile looks even more relevant since you are moving to a country where same accounting principles and reporting standard are not followed and you might want to settle in a profile that gives you flexibility to work in either country. 

 

From the information I have, there is a good number of organisations using SAP in Canada. I myself did one implementation for a Govt. funded hospitals group in Canada.

 

I think the CA degree will also give you an edge against many who are not professionally qualified in Finance & Accounts. Organisations all over the world prefer a CA + SAP than a B.Com + SAP.

 

So don't be confused, start learning from whatever source available. Or you can also try unauthorised SAP learning centers providing SAP know how (without certification).

 

Hope this helps.

 

Cheers!

Sheli


 
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HI,

will it be better to get SAP certification from ICAI or ATOS?

 
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SAP Business Consultant

Originally posted by : GAURAV JALAN

HI,

will it be better to get SAP certification from ICAI or ATOS?

Hi,

 

ICAI is better for following reasons:

 

1) Lower Cost

 

2) Though you will get more hands on trainings and improved coaching in ATOS, it doesn't really matter because they are all aimed at passing the certification exam only. However, what matters is exposure to real-time developments which you can get only when 1) you have a dedicated system with SAP, which you will anyway have at ICAI and 2) when you practise, practise and practise.

 

3) Relevance (Because all the candidates in the batch would be CAs (and not MBAs, commerce grads, engineers etc) and the class will be oriented towards common financial scenarios that every CA faces. It will help you relate with the sessions better.

 

Hope this helps.

 

Cheers!

Sheli

 

 

 
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Hi Sheli, 
 
I am commerce graduate and keen to pursue SAP in FI-Co module. I have 6 yrs. of work experience and aware of accounting. Could you please suggest me some good institutes in Delhi/NCR or Hyderabd? Is it necessary to join classroom training or I should go for online training? Your thoughts/inputs would be appreciated. 
 
Thanks  
 
 
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(Guest)

hello sheli,

i have downloaded some material for sap fi co module but can you please tell me where i can practice those ? i don't know which particular software of sap is used for this module . is there any trial version available for practicing  and learning ? please mention the name

 

thank you

Regards

 
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Professional

Hi In IT industry, for SAP, CA's are given first preferance, rather CA's are preferred than others from other streams. This is due to indepth knowledge & practical trainings that CA gets during articleship. In this post, CA with reference to SAP requirements, is very well articulated. However, just thought of sharing some present so called dark facts of other side of this, (as I am working in IT industry) -

 - on passing CA, IT co's will hire CA, but there will be bond for minimum 2 years. In case you wish to leave the company, you will need to pay bond amount to employer

 - Few years back, SAP was a niche skill set. Majority of cos across world do use SAP. But now, there is more supply than demand. Hence you will find many SAP people on "bench", awaiting for projects. Competition has substantially increased. It also depends in which co you are into

 - Further since SAP is not so niche skill set now (considering supply), billable rate for customer for SAP consultants have also reduced over a period of time

 - If the work is w.r.t development, surely it will be very challenging. If it is backend support, then after some time, this work becomes monotonous

 - People will be deployed on projects,after rigorous training & experience. So immediate in 1 year, there are less chances of working @ client place.

 - further it depends on which module, one wish to enter into - FICO or MM or HRMS or SD etc. Not all the companies implement all the modules. normally CA go in for FICO & in majority of companies, FICO has already been implemented, since SAP came around in market a decade back

 - Last but not the least, for SAP implementation, in case of viz developments, majoritily SAP consultants have to stay for longer durations - 5 to 6 months @ client place. Initially this sounds interesting, however, later on, this becomes a frustrating fact viz in case one has family or small kids

 - No doubt, SAP is a good option, however, reaching @ top in scenarios wherein supply is more than demand is challenging

Good luck

 
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Working

hai sheli, thanks for sharing such a valuble information..... i came across your article recently. I am a CA final student and & differently abled person(Handicap). I am not thinking inferiority complex about myself at any point of time. That's y may god help me to reach this place. Due to some reason becoming ca is getting postponed but am sure myself that i will do.. i don't have any idea about SAP. Some friends told that it is very supportive for ur career if learn. at present my position could not afford to such a cost that i heard its very expensive. Hope, Can u guide me?.... What can i do? is there any other way to learn at least basics?....My mail id is kumarsivam.p @ gmail.com....Eagerly expecting ur reply...

 
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C.S, CA

hai sheli, thanks for sharing such a valuble information..... i came across your article recently.I Am a qualified CA . I would request you to please give the best books in SAP FICO & Treasury module

 

 
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Hi Sheli, I am from UK . I am an ACCA two years post qualified working as an accountant in an accounting firm. I became SAP FI Certified 6 months back with 86%, just by reading through the certification material and giving certification exam here in London. I was practicing configuration aswell with some materials I have got. I can say I am quite thorough with both FI & CO Modules, really fell in love with CO. Some of the guys I knw or I hear in UK  got into SAP market by getting references from consultancy firms for upto 5 years and getting a break through. I tried to go in that path but couln't get such references. I would get a British passport this December, which allows me to work & travel allover Europe without visa(was waiting for that , otherwise could have come back to India long back) Could you advice on few things. 

1. I want to come to India this December be there for 2-3 years especially for my SAP career. What are my chances as an ACCA (Association of Charted Certified Accountant) to get into SAP FICO. I don't want to waste time as I am already 32 years old and have spent more than a year and half reading SAP FICO and probably became a laughing stock among friends & family.

2. Should I try getting these references in UK(work experience in CV) which is just blocking me to put my CV across as I am finding it hard to get it.

Your advice will be highly appreciated and acted on. Thanks

 
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