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Become A SAP Fico Consultant

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Working As A SAP Fico Consultant

  • Interacting With Computers
  • Processing Information
  • Getting Information
  • Evaluating Information to Determine Compliance with Standards
  • Organizing, Planning, and Prioritizing Work
  • Mostly Sitting

  • Repetitive

  • $83,745

    Average Salary

What Does A SAP Fico Consultant Do

An SAP Fico Consultant provides expert advice on SAP functionality. They collect and analyze customer requirements, suggest solutions to customers based on best business practices, and conduct and implement various training workshops.

How To Become A SAP Fico Consultant

Most accountants and auditors need at least a bachelor’s degree in accounting or a related field. Certification within a specific field of accounting improves job prospects. For example, many accountants become Certified Public Accountants (CPAs).  

Education

Most accountant and auditor positions require at least a bachelor’s degree in accounting or a related field. Some employers prefer to hire applicants who have a master’s degree, either in accounting or in business administration with a concentration in accounting.

A few universities and colleges offer specialized programs, such as a bachelor’s degree in internal auditing. In some cases, those with associate’s degrees, as well as bookkeepers and accounting clerks who meet the education and experience requirements set by their employers, get junior accounting positions and advance to accountant positions by showing their accounting skills on the job.

Many colleges help students gain practical experience through summer or part-time internships with public accounting or business firms.

Licenses, Certifications, and Registrations

Every accountant filing a report with the Securities and Exchange Commission (SEC) is required by law to be a Certified Public Accountant (CPA). Many other accountants choose to become a CPA to enhance their job prospects or to gain clients. Many employers will often pay the costs associated with the CPA exam.

CPAs are licensed by their state’s Board of Accountancy. Becoming a CPA requires passing a national exam and meeting other state requirements. Almost all states require CPA candidates to complete 150 semester hours of college coursework to be certified, which is 30 hours more than the usual 4-year bachelor’s degree. Many schools offer a 5-year combined bachelor’s and master’s degree to meet the 150-hour requirement, but a master’s degree is not required.

A few states allow a number of years of public accounting experience to substitute for a college degree.

All states use the four-part Uniform CPA Examination from the American Institute of Certified Public Accountants (AICPA). Candidates do not have to pass all four parts at once, but most states require that they pass all four parts within 18 months of passing their first part.

Almost all states require CPAs to take continuing education to keep their license.

Certification provides an advantage in the job market because it shows professional competence in a specialized field of accounting and auditing. Accountants and auditors seek certifications from a variety of professional societies. Some of the most common certifications are listed below:

The Institute of Management Accountants offers the Certified Management Accountant (CMA) to applicants who complete a bachelor’s degree. Applicants must have worked at least 2 years in management accounting, pass a two-part exam, agree to meet continuing education requirements, and comply with standards of professional conduct. The exam covers areas such as financial statement analysis, working-capital policy, capital structure, valuation issues, and risk management. 

The Institute of Internal Auditors (IIA) offers the Certified Internal Auditor (CIA) to graduates from accredited colleges and universities who have worked for 2 years as internal auditors and have passed a four-part exam. The IIA also offers the Certified in Control Self-Assessment (CCSA), Certified Government Auditing Professional (CGAP), Certified Financial Services Auditor (CFSA), and Certification in Risk Management Assurance (CRMA) to those who pass the exams and meet educational and experience requirements.

ISACA offers the Certified Information Systems Auditor (CISA) to candidates who pass an exam and have 5 years of experience auditing information systems. Information systems experience, financial or operational auditing experience, or related college credit hours can be substituted for up to 3 years of experience in information systems auditing, control, or security.

For accountants with a CPA, the AICPA offers the option to receive any or all of the Accredited in Business Valuation (ABV), Certified Information Technology Professional (CITP), or Personal Financial Specialist (PFS) certifications. The ABV requires a written exam, completion of at least six business valuation projects, and 75 hours of continuing education. The CITP requires 1,000 hours of business technology experience and 75 hours of continuing education. Candidates for the PFS also must complete a certain amount of work experience and continuing education, and pass a written exam.

Advancement

Some top executives and financial managers have a background in accounting, internal auditing, or finance.

Beginning public accountants often advance to positions with more responsibility in 1 or 2 years and to senior positions within another few years. Those who excel may become supervisors, managers, or partners; open their own public accounting firm; or transfer to executive positions in management accounting or internal auditing in private firms.

Management accountants often start as cost accountants, junior internal auditors, or trainees for other accounting positions. As they rise through the organization, they may advance to accounting manager, chief cost accountant, budget director, or manager of internal auditing. Some become controllers, treasurers, financial vice presidents, chief financial officers, or corporation presidents.

Public accountants, management accountants, and internal auditors can move from one aspect of accounting and auditing to another. Public accountants often move into management accounting or internal auditing. Management accountants may become internal auditors, and internal auditors may become management accountants. However, it is less common for management accountants or internal auditors to move into public accounting.

Important Qualities

Analytical skills. Accountants and auditors must be able to identify issues in documentation and suggest solutions. For example, public accountants use analytical skills in their work to minimize tax liability, and internal auditors use these skills to detect fraudulent use of funds.  

Communication skills. Accountants and auditors must be able to listen carefully to facts and concerns from clients, managers, and others. They must also be able to discuss the results of their work in both meetings and written reports.

Detail oriented. Accountants and auditors must pay attention to detail when compiling and examining documentation.

Math skills. Accountants and auditors must be able to analyze, compare, and interpret facts and figures, although complex math skills are not necessary.

Organizational skills. Strong organizational skills are important for accountants and auditors who often work with a range of financial documents for a variety of clients.

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SAP Fico Consultant jobs

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SAP Fico Consultant Career Paths

SAP Fico Consultant
Management Consultant Information Technology Consultant Senior Business Analyst
Business Analysis Manager
8 Yearsyrs
Accounts Payable Clerk Finance Analyst Business Analyst
Business Analyst/Project Manager
8 Yearsyrs
Project Leader Business Analyst Business Consultant
Business Leader
9 Yearsyrs
Project Leader Operations Manager Supply Chain Manager
Business Process Manager
10 Yearsyrs
Senior Consultant Senior Manager Director Of Information
Chief Information Officer
11 Yearsyrs
Management Consultant Finance Consultant Senior Finance Analyst
Finance Project Manager
7 Yearsyrs
Senior SAP Fico Consultant Senior SAP Consultant
Lead Consultant
7 Yearsyrs
Accounts Payable Clerk Analyst Senior Consultant
Manager And Consultant
9 Yearsyrs
Senior Functional Analyst Senior Business Analyst Manager Finance Planning And Analysis
Manager-Finance Systems
7 Yearsyrs
Functional Analyst Project Manager Senior Project Manager
Principal Consultant
11 Yearsyrs
Systems Analyst Project Coordinator Project Analyst
Project Consultant
8 Yearsyrs
Senior SAP Consultant Lead Consultant
Project Manager
8 Yearsyrs
Lead Consultant Business Analyst
Senior Business Analyst
7 Yearsyrs
Senior Consultant Business Developer Business Consultant
Senior Business Consultant
9 Yearsyrs
Functional Analyst Functional Consultant SAP Consultant
Senior Consultant
7 Yearsyrs
Senior SAP Consultant SAP Project Manager Senior Project Manager
Senior Director
13 Yearsyrs
Solutions Architect Program Manager Management Consultant
Senior Management Consultant
10 Yearsyrs
Systems Analyst Project Analyst
Senior Project Analyst
7 Yearsyrs
Lead Consultant Project Manager
Senior Project Manager
12 Yearsyrs
Solutions Architect Senior Manager Director Of Information
Vice President Of Information Technology
12 Yearsyrs
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SAP Fico Consultant Demographics

Gender

  • Male

    65.8%
  • Female

    28.4%
  • Unknown

    5.7%

Ethnicity

  • White

    42.1%
  • Asian

    38.2%
  • Unknown

    10.0%
  • Hispanic or Latino

    7.4%
  • Black or African American

    2.2%
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Languages Spoken

  • Spanish

    16.7%
  • Hindi

    16.7%
  • Chinese

    8.3%
  • Telugu

    8.3%
  • Czech

    8.3%
  • French

    8.3%
  • Kannada

    8.3%
  • Bengali

    8.3%
  • Urdu

    8.3%
  • Arabic

    8.3%
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SAP Fico Consultant

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SAP Fico Consultant Education

SAP Fico Consultant

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Real SAP Fico Consultant Salaries

Job Title Company Location Start Date Salary
SAP Senior Fico Consultant Attune Consulting USA Inc. Burlington, MA May 06, 2015 $130,000
SAP Lead Fico Consultant Riviera Consulting LLC Parsippany-Troy Hills, NJ Aug 18, 2016 $129,002
SAP Fico Lead (SAP Mm/Sd/Copa/Fico) Eby Brown Company, LLC Naperville, IL Nov 15, 2016 $125,000
SAP ECC Fico Functional Consultant Novell, Inc. Houston, TX Nov 02, 2016 $124,000
SAP Fico Consultant Microexcel, Inc. Irving, TX Mar 16, 2016 $115,000
SAP Fico Consultant Microexcel, Inc. Jackson, MS Mar 28, 2016 $115,000
SAP BA Fico Consultant Microexcel, Inc. Deerfield, IL Oct 20, 2015 $115,000
SAP Fico Consultant Riviera Consulting, LLC San Francisco, CA May 12, 2016 $115,000
SAP Fico Consultant Riviera Consulting, LLC Andover, MA Jul 12, 2016 $115,000
SAP Fico Consultant Riviera Consulting, LLC Redmond, WA Jun 28, 2016 $115,000
SAP Fico Consultant Microexcel, Inc. Jackson, MS Apr 11, 2016 $115,000
SAP Fico Consultant Tata Consultancy Services Limited San Jose, CA Apr 11, 2016 $114,795 -
$120,000
SAP Fico Lead IBM India Private Limited New York, NY Jun 15, 2016 $114,325
SAP Fico Consultant IBM India Private Limited Hercules, CA Jan 01, 2015 $100,938
SAP Fico Consultant (Programmer Analyst) Navayuga Infotech, LLC Hershey, PA May 12, 2016 $100,693
SAP Finance-Controlling Fico Consultant IBM Corporation Houston, TX Apr 08, 2016 $100,001 -
$170,000
SAP Fico Functional Consultant Microexcel, Inc. Minnetonka, MN Nov 16, 2016 $100,000
SAP Fico Consultant Sysintelli, Inc. Lake Oswego, OR Oct 19, 2015 $100,000
SAP Fico Lead Sysintelli, Inc. Cleveland, OH Jan 11, 2016 $100,000
SAP Fico Consultant Archents Inc. Dublin, OH May 07, 2016 $100,000
SAP Fico & SCM Consultant Case Consulting Group Center, PA Nov 01, 2016 $100,000
SAP Fico Senior Consultant American Unit, Inc. Miami, FL May 01, 2015 $82,035
SAP Fico Consultant Techno Minds LLC Redmond, WA Sep 19, 2015 $82,000
SAP Fico Functional Consultant Aimic, Inc. Houston, TX May 15, 2015 $81,869 -
$90,000
SAP Fico Consultant IBM India Private Limited Houston, TX Jun 15, 2015 $81,869
SAP Fico Lead Consultant IBM Corporation Somers, NY Nov 14, 2016 $81,266 -
$126,625
SAP Fico Consultant A1 Kaiser Inc. Kansas City, MO Aug 24, 2016 $81,000
SAP Fico Consultant IBM India Private Limited Marysville, OH Aug 14, 2015 $80,895

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Top Skills for A SAP Fico Consultant

AssetClassesFi-GlBusinessProcessMasterDataSAPECCCompanyCodeFi/CoAutomaticPaymentProgramMaterialLedgerFi-MmNumberRangesFinancialG/LCostCentersHierarchyPeriodVariantSecondaryCostElementsLockboxAccountGroupsLsmw

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Top SAP Fico Consultant Skills

  1. Asset Classes
  2. Fi-Gl
  3. Business Process
You can check out examples of real life uses of top skills on resumes here:
  • Defined asset classes, account determination, screen layouts, asset acquisition, asset transfers, and depreciation keys.
  • Configured Company code, Chart of Accounts, FI-GL, FI-AP and AR.
  • Interacted with the Business Analysts and end users to get the user requirements and Business process.
  • Uploaded mass changes to the vendor master data records.
  • Project involved customization of SAP ECC 6.0 and implementation across all enterprises in the US.

Top SAP Fico Consultant Employers

SAP Fico Consultant Videos

What does an SAP Consultant do?

Your Role as a SAP Functional Consultant on a project

SAP FICO Consultant

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