What is SAP F&R training and what does this kind of training cover? In what ways can this training help you and your company? Let us take a closer look at this below.
SAP F&R Training
SAP F&R refers to the Finance and Resource module in SAP. Finance and resources consist of all the accounting transactions, the general ledger, and controlling transactions. The name of this module is derived from the fact that these two activities are very important for a company, especially for its financial state.
What is SAP F&R training? The financial state of a company can be affected by many factors and effective management of resources. As well as the accurate calculation of income and expenditure is essential for a company to succeed. That’s why it’s important to have qualified professionals who can support the management, accounting, and controlling processes in business.
SAP Training Curriculum
This kind of training is suitable for all those who are involved in the financial process of a company. It also includes HR professionals, accountants, and managers who are involved with SAP F&R. The main topics covered during this training include:
- Introductory topics. A basic introduction to SAP F&R module, its architecture, purpose, and application areas.
- Core topics. Introduction to transactions; transactions used in controlling; transactions used in accounting; and transactions used in financial statement preparation; cash flow forecast; data-entry procedures; data processing; reporting tools available; international financial reporting standards (IFRS).
- Specialized topics. Cost accounting; inventory valuation; master data maintenance; variance analysis; project accounting.
- Optional topics. SAP F&R support for other applications such as FI/CO or SD (e.g., fixed assets); further details on supporting features for controlling or accounting. Such as postings, journals, or entry tickets; finance strategy based on IFRS (e.g., consolidation, multi-company solutions).
The duration of an SAP F&R course is usually 50 hours (approx.) but it can be arranged based on your specific requirements.
Then, the fees for an SAP F&R course vary according to the institute you choose to enroll with. They also depend on whether you want materials provided along with the course or not. You can also choose to pay through a monthly installment plan if that suits your budget better. The fees will also depend on your current level of skill.
What Are the Benefits
What, then, are the benefits of this training? Firstly, it helps you understand what SAP F&R is and how it benefits a company. You will also learn the basics of this module, which will help you to support all your employees in their day-to-day activities. After completing this training, you will be able to take on more responsibilities and help your company grow.
Secondly, this training will help increase your knowledge of SAP. Being familiar with this software and its different modules is important if you want to work in the field of IT.
Finally, the main benefit of this training is that it will provide you with all the necessary skills for you to become an SAP F&R professional. The knowledge you gain from this training can be applied in both theory and practice, so it’s a great skill to start building from an early age.