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SAP FICO (Finance and Controlling)

Category: SAP Training

SAP FICO (Finance and Controlling)

Know more about SAP FICO training

SAP FICO is one the most demanded and robust module of SAP. It is widely used to manage the financial and controlling operations of any organizations all over the world. Here FI stands for Financial Accounting and CO stands for Controlling. It is capturing all the business transactions in different industries. 

The basic criterion for pursuing this SAP Training FICO module is to have basic knowledge of accounting and SAP. SAP FI module can be clubbed with various SAP modules such as SAP Controlling, sales & distribution, human resource, production planning, material management and with many more modules of ERP. The candidates undergo the sub-modules of SAP FI like - General Ledger Accounting, Asset Accounting, Funds Management, Accounts Payable, Accounts Receivables, Asset Accounting, Travel Management, Bank Accounting, etc. 

Whereas SAP Controlling is second major part of the SAP Module useful for the internal process of decision making that gives benefit to the company. It is used for controlling the representation and other accounting activities related to product costing, profitability analysis etc. When the financial accounting data comes it is sent to the controlling part to calculate and manage the reporting and auditing. It is comprised of the sub-modules like – Cost element accounting, Profit center accounting, Cost center accounting, Inter orders, Product cost accounting, Profitability analysis, etc. 

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SAP FICO is known as SAP Financial Accounting and Controlling and plays an important role in the enterprise resource planning process. As SAP FI stands for Financial Accounting it makes the way easy to gather different financial transaction data in real time. It helps the user to extract the data for reporting externally. 

SAP FI module can be clubbed with various SAP modules such as SAP Controlling, sales & distribution, human resource, production planning, material management and with many more modules of ERP. It is very helpful for those who want to excel in the field of finance and accounting. With the help of Financial Accounting it has become easy to take care of different financial transaction data resulting in excellent account handling. Now the outcome that is the produced external report is used by different users of different fields. They can be administrators, tax person, stock holders, different managers, sales persons, etc. 

This module of SAP Training simply integrates different modules providing a unique process to be used by the whole organization. The main sub modules of SAP FI such as-

  • General Ledger Accounting
  • Asset Accounting
  • Funds Management
  • Accounts Payable
  • Accounts Receivables
  • Asset Accounting
  • Travel Management
  • Bank Accounting

After this the Controlling module comes that helps in reporting for external users. 

SAP Controlling is second major part of the SAP Training Module; it is useful for internal process of decision making that gives benefit to the organization. It is a unit working smartly for controlling representation and other accounting activities related to product costing, profitability analysis etc. It helps in managing and controlling the profit centers and cost centers. When the financial accounting data comes it is sent to the controlling part to calculate and manage the reporting and auditing. The main sub modules of the SAP CO module are as follows:-

  • Cost Element Accounting
  • Profit Center Accounting
  • Cost Center Accounting
  • Internal Orders
  • Product Cost Controlling
  • Profitability Analysis

Our SAP FICO  training course content



Introduction to ERP and SAP
  • Different SAP s available in the Market
  • Origin of SAP
  • How SAP is implemented in a real time situation
  • Relation between corporate functionalities and Modules in SAP
Overview of SAP FICO
  • What is Finance and Controlling
  • Sub modules in Finance and Controlling
  • Introduction to General Ledger Accounting
  • Introduction to Accounts Receivables
  • Introduction to Accounts Payables
  • Introduction to Assets Accounting
  • Introduction to Controlling
  • Concepts of Integration with MM and SD and CO
Financial Accounting
Global Parameters¬Basic Configuration Steps
  • Company and Company Code
  • Business Area and Credit Control Area
  • Field Year Varian¬Types of Fiscal Years
  • Chat of Accounts¬Types of COA
  • Account Groups
  • Posting Period Variant
  • Document Types
  • Field Status Variants & Groups
  • Multiple Currencies
  • Introduction to Multiple Ledgers
  • Other Aspects of Global Parameters G/L & new
  • Tolerances for employee groups
General Ledger Concepts
  • Retained Earnings and importance of Retained Earnings
  • Tolerance Groups for Employees
  • Exchange Rate Maintenance
  • Foreign Currency Valuation and Translation
  • Financial Statement Version
  • Transfer Balances and Carry Forward( Balance Sheet & P&L ltems)
  • Posting keys
  • Documents in G/L – Park &  Hold Recurring Account Model etc...
  • G/L Reports
  • Month en closing and year end closing
End user Activities with respect to GL Accounting
  • Posting of GL documents
  • Multiple Line item Posting
  • Document parking and Holding
  • Blocking and Unblocking of GL Accounts
  • Reference Documents
  • Fast Data Entry
  • Reversal of Documents Single and Multiple Reversals
  • Cash Journal ( Petty Cash )
  • Posting in Foreign Currency transactions
  • Generating GL related reports
New GL Concept
  • Importance and advantages of using of New GL in FI
  • Activating Document Splitting
  • Parallel Ledges
  • Posting in parallel legers
  • Define Currency for Additional Ledgers
Accounts Receivables
  • Customer Account Groups
  • Document Types for Customers
  • Number Range assignment for Customer Account groups
  • Customer Master Data
  • Reconciliation Account for customer and Vendor Master Data
  • Posting of Customer Invoices
  • Treatment of Customer Down payments
  • Treatment of Bills of Exchange
  • Dunning
  • Treatment of Customer Discounts
  • Customer Credit Notes
  • Generating Customer Party statement of Account
  • Interest Calculations on Customer
  • Integration between SD and FI modules
  • Management information Reports
Accounts Payables
  • Vendor Account Groups
  • Document Types for Vendors Documents
  • Number Range assignment for Account groups
  • Vendor Master Data
  • Reconciliation Accounts for Vendor Account groups
  • Posting of Vendor Invoices
  • Down Payments to Vendors
  • Bank Guarantees with special GL indicators
  • Tax Calculation Procedure
  • Detailed Configuration of Extended withholding Tax
  • Automatic determination of G/L accounts for Taxes
  • Automatic Payment program (APP) and House Banks
  • Cheque Register Cheque Maintenance
  • Management Information Reports for Vendor
  • Integration between FI and MM modules.
Bank Accounting
  • Configuration of House Banks
  • Electronic and Manual Bank statement
  • BRS entries.
Asset Accounting
  • Chart of Depreciation
  • Define 0% tax Codes for Asset Accounting
  • Asset Classes and Account determination of Asset Classes
  • Depreciation Areas
  • Screen Layout Rules and Number Range Assignments
  • Group Assets
  • Asset Master data (Main and Sub Assets) low value assets
  • Assets Acquisition (direct and AuC)
  • Asset retirement (Scrapping with Revenue with Customer and without Customer)
  • Inter and Intra Asset Transfers
  • Asset Reports/ with Different variants and Asset explorer
  • Strategy on data Migration related to Assets ( Legacy Assets¬ Upload Process)
Integration
  • FI – MM Integration (Configuration from MM to attain PO GR and IR
  • Account Assignment Categories PO and business process to be used with different
Account Assignment Categories.
  • Valuation Area Valuation class and its importance in Material Master.
  • Accounting Aspects from Material Master
  • Material Movement Types
  • OBYC and G/L account assignments from MM process
  • FI¬SD Automatic Accounts determination
  • Revenue Reorganization Process in FI and SD Integration
Controlling
  • Basic settings in Controlling Area
  • Define Controlling Area
  • Number Ranges in Controlling Area
  • Concept of Versions in Controlling Area
  • Assignment of Controlling area to Company Codes
  • Importance of Different Fields in controlling Area
  • Controlling & Cost Element Accounting
  • Activity Type
  • Activity type categories
  • Planning and Budgeting of cost Elements
  • Cost Elements Categories
  • Cost Elements groups
  • Cost Elements groups
Cost Center Accounting
  • Cost Center Hierarchy
  • Cost Center Groups
  • Cost Center Categories
  • Posting entries in Cost Centers
  • Manual Reposting of Costs
  • Distribution and Assessment
  • Cost Center Planning
  • Information system Cost Center Reports
Internal Orders
  • Order Management in Controlling Area
  • Define and Assign Number ranges to Order Groups
  • Internal order Planning budgeting.
  • AuC (Assets) Process with Internal Order (Real)
  • Information System (Reports) for Internal Orders
Profit Center Accounting
  • Maintain Profit Center and Activation of Company Codes in Profit Center
  • Control Parameters for Actual data
  • Plan Versions
  • Profit Center Groups
  • Distribution & Assessment
  • Repots in Profit Center Accounting.
Overview on COPC
Overview on COPA
Project related Concepts
Overview of SAP Methodology
  • Creation of Financial Statement Vision
  • Transport Request Creation and Release
  • Month End Year End Closing Activities
  • Carry Forward Balances to next Year
  • Support Tickets

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