What is SAP FICO?
SAP FICO stands for SAP Finance and Control SAP FI for Finance and CO for Controlling
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SAP = Systems Application Programing is an Integrated Enterprise Resource Planner, Using which you can effectively manage your 4 M's (Money, Material, Manufacturing & Machines) SAP stands for S ystems A pplications and P roducts in Data Processing. Designed and developed by 5 IBM engineers du…ring the 1970s as a standards based software alternative to custom built ERP software, SAP has come a long way. SAP has been in the forefront of ERP software ever since. SAP develops ERP products to be used by companies to manage their enterprise. This includes managing their day to day operations, logistics, finances, month end, quarter end and yearly activities, reporting, HR etc. Although there are a couple of other ERP vendors who do the same, the key differentiator for SAP is the way in which SAP integrates all these operations and makes for a seamless system that is both easy to use and at the same time sophisticated enough to include all kinds of complex activities that are needed for any kind of enterprise. Examples of some of these activities could, be running Material resource planning, recruiting and managing an employee's lifecycle, disbursing payrolls, recording all financial transactions and drawing balance sheets and P/L statements of the company etc. Now imagine a single system that takes care of all these diverse activities and still keep them well integrated. SAP was initially designed to be run on the mainframe and was called that release was called R/2 (Release 2). SAP quickly caught on to the client server model with a later release called R/3 and this was the most popular version of SAP. After R/3, later versions of their core software were launched called Enterprise Central Component (ECC). The automation needs of an enterprise are endless. SAP soon realized that corporations needed business intelligence to mine data from their daily operational data and extract meaningful trends that could enable further business opportunities. SAP BW was born and morphed into BI after buying out Business Objects (BO). After the hugely successful R/3, SAP created more and more niche software like Customer Relationship Management (CRM), SRM, XI (now called Process Integration or PI) and once again living up to the standards of SAP by maintaining tight integration with their core ECC software. Through the process of developing these software components, SAP has slowly moved from standard client server architecture to a completely web-based architecture where every transaction can be run from just a browser. These new dimension products developed on the web standards based framework (NetWeaver) are all under new umbrella called mySAP. (MORE)
\n. \n FICO Scores \n. \nA FICO score is a numerical evaluation of your creditworthiness as a borrower. If you take a loan (such as a mortgage) out, this score helps the lender evaluate your ability and willingness to pay back that loan. \n. \nThe FICO score attempts to determine the likelih…ood you will repay your bills based on a number of factors. Your FICO scores are computed by credit bureas based on your history. The three major credit reporting bureas are Experian, Trans Union, and Equifax, each of which computes a score based on a unique model.\n. \nWhile credit bureaus do not reveal how exactly the FICO score is computed (which has been ruled acceptable by the Federal Trade Commission), the following factors are known to be among the determinants of your FICO score:\n. \n . Amount of Credit Used vs. Amount of Credit Available (e.g., have you maxed out several credit cards?)\n . \n . Late Payments on Credit Cards\n . \n . Employment history\n . \n . Length of Time at Current Residence\n . \n . Negative Credit Events (e.g., bankruptcies, collection agencies, etc.)\n . \nNote that never having had a credit card or loan isn't necessarily good for your credit score, as you will simply have no credit history on which to judge your FICO score.. (MORE)
Answer FICO stands for Fair Isaac Company, the company that created--and computes--this credit score. Although other companies also compute credit scores, FICO is the most trusted, and most used, score.
Answer . if you check it wount lower your score. If you are applying for a loan and multiple people pull your credit it will drop some.
you should never by your score you can get it for free I mean really free no credit card required from the bureaus find out how at www.thecreditguy.tv
FICO stands for Fair Isaac Company, the company that created--and computes--this credit score. Although other companies also compute credit scores, FICO is the most trusted, and most used, score.
GOOD CREDIT SCORES . over 550 to 600 is acceptable but 700+ is good; 800 is very good The following table shows what is "generally accepted" as the Credit Score ratings. . 350 - 619 Poor . 620 - 659 Fair . 660 - 749 Good . 750 - 850 Excellent
FICO "method of operation" is specific, according to which the credit score is broken down into five distinct categories - each category having its "importance" based upon a definite percentile. The "percentile" categories are distributed as:. 1) Payment History - 35% 2) Amounts Owed - 30% 3)… Length of Credit History - 15% 4) New Credit - 10% 5) Types of Credit Used - 10% (MORE)
FICO scores began in 1963. However, throughout the years, FICOscores have become increasingly popular as they show you how yourcredit is rated.
Yes 683 falls into the good range on the FICO score scale. To be inthe good range, your score must be between 680 and 740.
Answer . There is an incredible amount of information that goes into determining your FICO score; however, it can be broken down into five main categories (in descending order, from most important to least important): (1) Payment History, (2) Amount Owed, (3) Length of Credit History, (4) Types o…f Credit Used, (5) New Credit. This is for the average person. For those who have a bery short history with credit in general, the numbers may be slightly different.. Quick note: How many recent inquiries you have had into your credit used to factor heavily when determining your credit score. Soon, if not already, this factor will be reduced, while the weight given to your debt-to-income ratio will increase significantly. Thus, one of the best ways to improve your credit score will be to reduce debt as much as possible in relation to how much money you make and how much credit you have available (this of course was always a major factor, but will become so even more soon).. Notice that Payment history is the single most important factor. In fact, it accounts for a little over 1/3 of your FICO score. Paying your bills on time is extremely important. You can generally get away with making a payment late up to 30 days; after that, it will negatively affect your credit score.. The second factor I listed, amount owed, accounts for a little less than a third of your score. Amounts owed is similar to your debt-to-income ratio. These two factors combined account for about 2/3's of your credit score! So, in conclusion : Make your payments on time, keep your debt low (don't just make minimum payments, and don't let your spending on credit cards increase beyond your means), and continue to do so for a long period of time (factor #3, another 15% of your score).. If you cover these three bases, you will have over 75% of your credit score under control, and the rest is easy. (MORE)
Both of them are correct. They are just different modules. FI-CO is Controlling module FI-CA is a module for running Contract Acoounts. Usuallu used for Utilities in cooperation with IS-U module.
All sustainable businesses work on this basic business model: 1) Take something at a cost of "A" (lets call it the input), then 2) Do something with that input at a cost of "B", to 3) Produce something better (or different) to sell at a cost of "C". For the business to be sustainable, "C" must b…e greater than "A"+"B". In the broadest sense, SAP can be defined is a suite of computer programs all bundled together, which give the business - any business - the capability of doing step 2 (above) better than their competitors. (MORE)
the only way to get your FICO score if to access your credit report if they can get your report they can get your score. check out www.thecreditguy.tv for more information
Can't. 850 is tops. Besides, surely you have more productive things to do than try to raise your fico. Anything over 725 is fine anyway.
FICO has changed the rules on this a couple of times currently it is no impact for 30 day and then grouped together after that. see more info at www.thecreditguy.tv
You want to learn sap erp especially sap fico so from where you can find a free software for practice and to improve your skills?
u can search in google " to learn sap fico at ur convenient time and place", u will get the right people. All the best.
Any one can do SAP FICO. But you need to be aware of the accounting jargons like p&l,debit,credit. If you are coming from technical background, it would be easy for you to do confugiration as well. Job will revolve training users in explaining the functionality,granting them rights to different modu…les and confugiring. so its not a big deal but you need to have experience (min three) as most of the companies do not take freshers.. Any one can do SAP FICO. But you need to be aware of the accounting jargons like p&l,debit,credit. If you are coming from technical background, it would be easy for you to do confugiration as well. Job will revolve training users in explaining the functionality,granting them rights to different modules and confugiring. so its not a big deal but you need to have experience (min three) as most of the companies do not take freshers. (MORE)
HI R u asking for training or software?? If you mean the SAP software, you need to purchase from them. For testing and learning purpose you can download from their website (sdn.sap.com ).
by cutting a vein in the tree, and then sap comes out, instead of blood
Sap : systems applications products in data processing of a business process. Fico : fi : finance co : controlling
The SAP Application Performance Standard (SAPS) is a hardware independent unit that describes the performance of a system configuration in the SAP environment.
Any one can do SAP FI/CO. But sap fi/co will good option for commerce graduate and mba finance professionals. Because they know very well financial terms.
35% Payment History 30 % Amounts Owed 15% Length of Credit History 10 %Types of Credit used 10% New Credit for more information go to www.thecreditguy.tv
you can get very easily after completing sap a sum of 20-25 laks per annum.
The best way to get your FICO score if for free. go to annualcreditreport.com and get a truly free copy of your credit report then go to the My fico Website and enter your data in the free estimator watch the video at www.thecreditguy.tv
FICA is an acronym for Social Security.. FICO is one for a credit score provided by one of the credit agencies.
SAP FICO Stands for FI (Financial Accounting) and CO (Controlling).SAP FICO is the important module of SAP. More details about SAP FICO - SAP FICO Stands for Financial Accounting and Controlling its one ofthe important module in sap modules For SAP FICO Online TrainingChoose KBS Training Institute
FICO is an acronym for Fair Isaac Corporation. They developed a system of determining credit scores which is now used by many creditors or lenders to determine credit worthiness of a person. The credit scores are implemented on a range basis and decisions to grant loans or credit is based on the ind…ividual's score. FICO credit scores ranges follow: Excellent: Over 750 Very Good: 720 or more Acceptable: 660 to 720 Uncertain: 620 to 660 Risky: less than 620. (MORE)
Sometimes we are doing a payment to vendor from the headoffice. And assume that there are several branches and made a payment to vendor but that is not listed into branch GL account that is why we required splitting for zero balancing. A Parent company B branch C branch | | | | | | paid to vend…or Paid to vendor Paid to vendor 5000 5000 5000 A GL Account vendor A/c 15000 To A A/c 5000 To B A/c 5000 To C A/C 5000 (MORE)
You answered your own question, the scoring model they use is your FICO score, not your FAKO score which it is called when you purchase your score from one of the big 3, that scoring model is called Advantage.
I am doing my FICO cource at an Institute in Tarnaka, Hyderabad. Faculty's name is Srinivas . I attended demo classes in no of institutes . Finally I selected this faculty for my course . He gives avery good detailed explanation about all the basics. I am very much impressed about the the way he tea…ches. (MORE)
You define posting periods in your fiscal year variants. You can open and close these posting periods for posting. As many periods as you require can be open for posting simultaneously. Usually, only the current posting period is open for posting, all other posting periods are closed. At the end of …this posting period, the period is closed, and the next posting period is opened. (MORE)
35% Payment History 30 % Amounts Owed 15% Length of Credit History 10 %Types of Credit used 10% New Credit
Hi, L1, L2, L3 & L4 are different level of support services and each level of support service has a time frame, within which it should be resolved. The L1, L2, L3 & L4 are decided by customer ideally based on the type of complexity and / or priority, which are already agreed in the contract. L1…- Help desk support L2- Technical support L3- Configuration changes or customization L4- SAP AG Regards, Sachin (MORE)
Iam an MBA finance student. And i am doing SAP FICO. Can i get job without domain experience in SAP FICO?
EVEN I AM IN SAME SITUATION. i don't have domain experience/. can anyone tell me what to do?
Nidhi Infotech Bangalore is one of the best institutes offering SAP FICO Training in Bangalore. They have a very experienced instructors who provide excellent SAP FICO training. A must recommended centre for SAP FICO training. James.
SAP is one of the most used and popular ERP software. It stands for S ystems, A pplications and Productions in Data P rocessing. It consist of several modules for dealing different functions like Material management (MM), Sales and Distribution (SD) and FICO ( Financial and Controlling ). SAP FIC…O module will consist of all the functions in Financial and Controlling areas for an Organization. Its not clear that actually what you looking for.You can check the following links for more details. (MORE)
FICO refers to Fair Issac Corporation, a company that gives credit reporting services. You can find your Fico score in Newark DE at your local bank or car dealership if you go there to apply for a loan.
740 is what a lender typically considers a good score in the current economy. The higher the score the more higher chance to get lower APR percentage for a loan or credit card rates.
FICO stands for Fair, Isaac Company. FICO scores are what most lenders use to determine credit risk. There are actually three scores that help a lender determine how much and at what rate to offer the borrower. Many companies claim to offer free fico scores, but they actually require you to enroll i…n a credit monitoring service, which, of course, has a fee. Others are free, but they don't actually give your FICO score, like CreditKarma. Some give an estimate, like bankrate. So, if you want your actual FICO score, you're going to have to go ahead and pay. (MORE)
It is the difference of the pending items...Pending items could be a profit or a amount due...when its amount due, it should be posted as a liabilities in the balance sheet & when its an income, it should be posed in the profit and loss acct. credit side....its mostly decided by the accounts dept. T…here are certain group assigned for the difference of the pending items and that groups are called as tolerance group...For eg. tolerance group 100 tolerance group 150 tolerance group 200 etc. Its path in sap is spro-financial accounting-general ledger accting-business transaction-open item cleanary-clearing difference- open item for tolerance group (MORE)
The sapsap refers to a common small slim fish. These belong to the genus Leiognathus. The Leiognathus equulus is a common fish eaten in the Philipines.
any one can eligible for SAP FICO training.but SAP fico training isbest for commerce students
the sap in the cell is the matrix in which the organelles of the cell are found and it's responsible for the metabolic reactions of the cell due to the presence of enzymes within it ......... there is also nuclear sap
FICO compares all negative and positive data in all of the various different parts of the client's credit report. Taking all of these factors into account, FICO places scores into new credit, payment history, types of credit used, length of credit history, and amounts owned categories for the client…. (MORE)
A FICO score works as a credit score which is used by many financial institutions. This can be used to determin whether you will be provided services such as insurance, banking or loans.
There are many different avenues one could take to apply for SAP FICO jobs. Some of the different ways one could apply are through sites like Indeed, Simply Hired, and Dice.
The best place to go on the internet for information regarding their FICO score is the website called myFICO.The site provides everything one would need to know about their FICO score.
Hi, SAP FICO is one of the important module of ERP, in present market SAP FICO having more job opportunities, for more details about SAP FICO