SAP FICO (Finance and Controlling) Certification Training
SAP FICO (Finance and Controlling) Certification Training
A warm welcome to the SAP FICO course by Uplatz.
SAP FICO (Finance and Controlling) is derived from FI (Financial Accounting) and CO (Controlling/Management Accounting).
It is the Finance and Cost controlling module in SAP ERP where FI stands for Financial Accounting and CO stands for Controlling. SAP FICO is a core functional component in SAP ERP Central Component that allows an organization to manage all its financial data. SAP Finance and Controlling (FICO) is one of the most widely used SAP modules.
SAP FI: SAP FI is used for external reporting purpose, for example, making Balance Sheet, Profit, and Loss statement. The objective is to record all financial transactions that are posted by an entity and produce financial statements which are accurate at the end of the trading period. SAP FI is made up of sub modules. The sub-modules that are often used are General Ledger, Accounts Receivables, Accounts Payables, Asset Accounting. SAP FI Module integrates with other SAP Modules like SAP SD, SAP PP, SAP MM, SAP SCM, etc.
SAP CO: SAP CO is used for an internal reporting purpose. SAP CO includes managing and configuring master data that covers cost center accounting, profit center accounting, internal orders, real order, product costing, profitability analysis. It helps organizations in planning, reporting and monitoring business operations.
SAP FICO is a critical module of SAP ERP Business Suite. Functionally, both FI and CO modules store the financial related transactions/information. FI and CO modules are firmly integrated with other ERP modules such as Sales and Distribution (SD), Material Management, Human Resources Management, and so on.
Uplatz provides this in-depth training on SAP FICO module covering all aspects of SAP FICO module with practical implementation shown on the system.
SAP FICO - Course Syllabus
Introduction
Introduction to ERP
Introduction to SAP
Part 1: Enterprise Structure
Definition of company
Definition of company code
Assignment of a company to company code
Definition of business area
Part 2: Financial Accounting Basic Settings
Definition of fiscal year variant
Assignment of fiscal year variant to company code
Definition of posting period variant
Assignment of posting period variant to company code
Open and close posting period
Maintenance of field status variants
Assignment of field status variant to company code
Creation of Chart of Accounts
Defining Accounts Groups
Defining Retained Earnings Account
Definition of tolerance groups for GL accounts
Definition of tolerance groups for employees
Assignment of tolerance groups to users
Taxes on Sales & Purchases (input & output)
Defining document type & number ranges
Part 3: General Ledger Accounting
Creation of General Ledger Master (with and without reference)
Display/Change/Block/Unblock of general ledger master
Document Entry posting normal postings and posting with reference
Display and change of documents
Display of GL balances
Display GL account line items
Parked documents
Hold documents
Creation of Sample Document postings with sample documents
Reversal of individual documents, mass reversal and reversal of reversed document
Month End Provisions –
Open item Management – Full clearing, Partial Clearing and Residual Clearing
Accrual and Deferral documents
Interest calculations on term loans
Part 4: Accounts Payable
Creation of vendor account groups
Creation of number ranges for vendor master records
Assignment of number ranges to vendor account groups
Creation of tolerance group for vendors
Creation of vendor master (display/change/block/unblock of vendor master)
Posting of vendor transactions (invoice posting, payment posting, credit memo)
Display Vendor balances and G/L Balances
Configuration Settings for advance payments to Vendors (down payment)
Clearing of down payment against invoices (special GL transactions)
Posting of partial Payment & Residual Payment
Creation of payment terms,
Creation of house banks and account ids.
Creation of check lots and Creation of void reasons
Maintenance of check register
Display check register
Cancellation of unissued checks
Cancellation of issued checks
posting of purchase returns
Configuration of automatic payment program
Defining correspondence & party statement of accounts
Part 5: Accounts Receivable
Creation of customer account groups
Creation of number ranges for customer master records
Assignment of number ranges for customer account groups
Creation of tolerance group for customers
Creation of customer master (display/change/block/unblock of vendor master)
Posting of customer transactions (sales invoice posting, payment posting, debit memo)
Display customer balances and G/L Balances
Configuration Settings for advance payment from customers (down payment)
Configuration settings for terms of payment to customers
Configuration of settings for dunning
Generating the dunning letters
Defining correspondence and party statement of accounts
Bills of exchange
Posting of sales returns
Part 6: Asset Accounting
Copy reference chart of depreciation
Assignment of the chart of depreciation to company code
Creation of 0% tax codes for sales and purchases
Defining account determination
Definition of screen layout rules
Definition of number ranges for asset master
Creation of asset classes
Integration with General Ledger & Posting rules
Defining Depreciation key
Definition of multilevel methods
Definition of period control methods
Creation of main asset master records
Creation of sub-asset master records
Posting the transactions for Acquisition of fixed assets
Depreciation run and Asset explorer
Sale of fixed assets – with the customer and without the customer
Transfer of assets
Impairment of assets
Scrapping of assets,
Line item Settlement of assets under construction of capital work in progress
Part 7: Controlling
7.1 Basic Settings for Controlling
Defining Controlling Area
Defining Number ranges for Controlling Area
Maintain Planning Versions
7.2 Cost Element Accounting
Creation of primary cost elements from the financial accounting area
Creation of primary cost elements from controlling area
Display of cost element master records
Change cost element master records
Primary cost element categories
Secondary cost element categories
7.3 Cost Center Accounting
Defining Cost Center Standard Hierarchy
Creation of Cost Centers and cost center groups
Display cost center master records
Change cost center master records
Creation of cost center groups
Posting to cost centers
Reposting of co line items
Repost of Costs
Planning for cost centers
Cost center reports
Part 8: Internal Orders
Define the field status group for statistical orders
Creation of Primary cost element
Creation of internal order master records for statistical orders
Display internal order master records
Change internal order master records
Postings to internal orders
Planning for internal orders
Report of Variance analysis for internal orders
Real orders
Creation of real internal orders
Posting of business transaction to real orders
Definition of allocation structures
Definition of settlement profiles
Definition of planning profiles
Define number ranges for Settlement documents of real internal orders
Define number ranges for controlling documents.
Budgeting and availability control
Maintain number ranges for budgeting
Define tolerances for availability control
Specification of exempt cost elements from availability control
Maintenance of budget manager
Part 9: Profit Center Accounting
Basic Settings for Profit Center Accounting
Creation of Dummy Profit Centers
Maintenance of control parameters for actual postings
Maintaining planning versions for profit centers
Maintaining the number ranges for profit center documents
Creation of profit center master records
Display of profit center master records
Changing the profit center master records
Assign profit center to cost center for expenditure posting
Creation of revenue cost elements
Automatic Assignment of Revenue elements for Profit Centers
Assignment of profit centers in cost center master records
Creation of account groups in profit center accounting for planning
Planning for profit and loss account items
Posting of transactions into profit centers
Generating the variance reports for profit and loss account items
Part 10: Integration
Integration of financial accounting with materials management:
Integration of financial accounting with sales and distribution:
Profitability analysis:
Maintaining the operating concern
Define profitability segment characteristics
Assignment of controlling area to operating concern
Activating the profitability analysis
Define number ranges for actual postings
Mapping of SD conditions types to COPA value fields
Creation of reports
Viewing the reports
Part 11: Overview of Product Costing
New General ledger accounting
Reports
Financial statement version
General Ledger, Accounts Payable, Accounts Receivable and Assets Reports
Learn SAP FICO, the hottest module of SAP in a step-by-step comprehensive training course. Start your SAP career today.
Url: View Details
What you will learn
- Full & comprehensive SAP FICO training course
- Understand the end-to-end implementation of SAP FICO module in any organization
- Become an SAP FICO consultant and make a successful career in SAP
Rating: 3.88235
Level: All Levels
Duration: 31.5 hours
Instructor: Uplatz Training
Courses By: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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