Courses / Accounting / SAP FICO
Accounting

SAP FICO

Salim Rana
Couse Completed

105

Category

Accounting

Upcomming Batch

15 Sept, 2024

Review

About Course

The SAP FICO course is designed to provide a deep understanding of SAP's Financial Accounting (FI) and Controlling (CO) modules, essential for managing financial operations and accounting processes in an organization. Students will learn how to configure and use SAP FICO to manage financial transactions, including general ledger, accounts receivable, accounts payable, asset accounting, and financial reporting. The course also covers controlling processes, such as cost center accounting, internal orders, and profitability analysis. Through hands-on exercises and real-world scenarios, participants will gain the skills needed to streamline financial operations and optimize decision-making within SAP.

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Course Objectives

  • Understand the fundamentals of SAP Financial Accounting (FI) to manage financial transactions such as general ledger, accounts payable, and accounts receivable.
  • Gain proficiency in configuring the Controlling (CO) module, including cost center accounting, internal orders, and profitability analysis.
  • Learn to manage asset accounting and financial reporting in SAP FICO for accurate and compliant financial statements.
  • Develop skills in integrating SAP FICO with other SAP modules for streamlined financial processes across the organization.
  • Master period-end closing activities including reconciliation, accruals, and reporting within the SAP environment.
  • Work on real-world scenarios and projects to apply the SAP FICO tools and techniques in managing financial operations effectively.

Course Curriculum

History of the SAP FI
Different SAP HANA FICO modules
Introduction to SAP FICO

Creation of the company
Company code
Business Area
Functional area
Segment area
Fm area
Assignments

Fiscal year variant
Posting period
Document type
Posting keys
Field status variant

Maintenance of Leading & Non-leading ledger
Activation of Non-leading ledger
Scenario’s & customer fields for non-leading ledgers
Ledger group
Document splitting concept

Chart of accounts
Accounting groups
Assignment

Creation and maintenance of account master
Transaction entry
Document parking and holding
Recurring entry/sample document

Define Vendor Account Groups
Create Number Ranges for Vendor Accounts
Assign Number Ranges to Vendor Account Groups
Define Tolerance for Vendors
Create Vendor Master Record
Vendor Invoice Posting
Vendor Credit Memo Posting
Vendor Outgoing Payment
Display Vendor Balances
Define Alternative Reconciliation Account for Down Payment
Define Alternative Reconciliation Account for Vendors
Create Down Payment
Vendor Invoice Posting
Create Vendor Master with Payment Method
Post Vendor Invoices

Define Customer Account Groups
Create Number Ranges for Customer Accounts
Assign Number Ranges to Customer Account Groups
Define Accounts for Cash Discount Granted
Define Accounts for Under Payments
Create Customer Master Data
Customer Invoicing Posting
Display Customer Balances
Define Dunning Areas
Define Dunning Procedure
Create Customer Master with Dunning Procedure
Dunning Run

Activate PPO Requests for Platform Objects in the Dialog
Activate Synchronization Options
Define BP Grouping and Assign Number Ranges
Define BP roles for Customers
Define BP roles for Vendors
Define BP Role for Direction Vendor to BP
Define BP Role for Direction Customer to BP
Define Number Assignment for Direction BP to Vendor
Create and maintain business partners, Post invoices and payments and use special g/l transactions, Reverse invoices and payments Configure the payment program, Manage partial payments.
Explain the connection of customers to vendors

Define House Banks
Define Number Ranges for Checks
Automatic Payment Program
Bank Determination for Payment Transactions
Create Payment Request
Define Posting Keys and Posting Rules for Manual Bank Statements
Assign Accounts to Account Symbol
Define Variants for Manual Bank Statements
Manual Entry Bank Statement

Define Condition Types
Settings for Tax Processing
Define Tax Procedure
Assign Country to Calculation Procedure
Define Tax Accounts
Define Tax Codes for Sales/Purchases
Assign Tax Codes for Non-Taxable Transactions
Maintain Condition Records

Chart of depreciation
Asset classes
Account determination
Creation of asset
Acquisition of asset
Retirement of asset
Depreciation run
Scrape of asset
Transfer of asset

Maintain controlling area
Maintain versions
Maintain co-document no ranges

Maintenance of cost elements (automatically, manually)
Maintenance of cost centre master
Maintenance of activity types
Planning of cost centre

Maintenance of internal order types
Maintenance of internal orders
Planning of internal order
Settlement of internal order
Budgeting of internal order

Cost estimation
Price updating
Costing sheet maintenance
Costing variant maintenance
Work in progress calculation
Variance calculation
Order settlement

Controlling area settings
Maintenance profit centre (Dummy/Original)
Assignment of sales revenue account to profit centre
Maintain number ranges for profit centre local document.
Execution of profit centre report

A configuration of financial statement versions
Execution of reports
Year-end closing activities
Period-end closing activities

Ratings & Reviews

4.5

Rated 4 out of 1 Rating

5 star
82%
4 star
30%
3 star
15%
2 star
6%
1 star
10%

Featured review

Riya

2 weeks ago

The course gave me hands-on experience with SAP FICO, which helped me understand both the theoretical and practical aspects of financial management using SAP.

Helpful?

Devi

2 weeks ago

The instructor explained the concepts clearly, and the course covered all the important modules like general ledger, accounts receivable, and cost center accounting.

Helpful?
This course includes:
Duration 40 hrs
Skill Level Beginner
Language Tamil / English
Certificate Yes