SAP FICO (comprehensive)

Uplatz provides this extensive training on SAP Finance and Controlling (FICO) module. It is a self-paced course consisting of video tutorials. You will be awarded Course Completion Certificate at the end of the course.

SAP FICO is one of the essential functional modules in SAP ERP components which help the organization to manage all of its financial data. The primary purpose of SAP FICO is to support the organization to produce and handle all the financial statements for analysis and reporting and also assist with effective business planning and decision making.

SAP FICO comprises of two modules, i.e., SAP Finance (FI) and SAP Controlling (CO), each of these modules are used to carry out specific financial processes. SAP FI module focuses on complete financial reporting and accounting while SAP CO emphasis on planning and monitoring costs. SAP FI and SAP CO were originally released as separate modules, but now these modules are integrated so strongly that most of the people are referring them as a single module.

SAP is one of the most well-known companies in the business software application sector, specializing in enterprise resource planning. Systems, Applications, and Products in Data Processing (SAP) is an acronym for Systems, Applications, and Products in Data Processing. One of the most often used SAP modules is SAP Finance and Controlling (FICO). SAP FICO configuration, SAP CO configuration, SAP FI user, and SAP CO user are all included in the SAP FICO module. The first step toward a job as an SAP FICO consultant is to obtain an SAP FICO certification. The many components of the SAP FI and SAP CO modules are critical in developing an SAP FICO consultant's or professional's skill set.

The demands of financial management are continuously evolving, making it more vital than ever to maintain your abilities up to date. SAP Financial Accounting (FI) and SAP Controlling (CO) process and consultant training provides professionals with the knowledge and expertise they need to better manage finance accounting and reporting in their organizations.

SAP FICO module is extremely powerful and covers practically all business cycles experienced in different ventures. It is one of the vital and generally actualized modules in SAP. It is a central module of ERP measures; wherein continuous monetary exchanges are incorporated with different equal SAP modules for best outcomes.

This training and certification program by Uplatz will provide you with a thorough grasp of the major topics included on the Foundation and Advanced Level Certification examinations. This course is designed for new graduates and seasoned professionals who want to improve their practical understanding of SAP FICO modules. In addition to increasing your earning potential, certification validates your knowledge and abilities, as well as your grasp of SAP FICO's principles, processes, tools, methods, and management style. The accreditation attests to your capacity to deliver consistent, high-quality outcomes with enhanced efficiency.

You must research and comprehend the many business processes in the legacy and creation to a creation system, as well as map them to the SAP system. The definition, construction, and assignment of multiple Organization Units, variations, creation of different master records, and the ability to post business transactions, create various reports, and perform closing activities are all part of the configuration and customization job. You must create a plan as well as configuration docs. You must also participate in a Data Migration Project, in which you must upload hundreds of different master records, such as customer masters, vendor masters, Asset masters, GL masters, Material masters, and so on.

At the end of the SAP FICO Training, you will inculcate the following skills:

• Well aware of all the functional modules of ERP and SAP
• Familiar with the navigation and other features of R/3 System
• Define basic settings for the organizational units for finance
• Work on Chart of Accounts, Retained Earnings Account and other General Ledger details
• Define accounts for currency exchange rate differences
• Prepare different types of accounting documents
• Work on validations and substitutions for postings
• Manage account payables and accounts receivables
• Understand asset accounting, cash journal, and closing of operations
• How to integrate FICO module with other ERP modules including, FI-MM, FI-SD, FI-HR
• Define accounts for currency exchange rate differences
• Prepare different types of accounting documents
• Work on validations and substitutions for postings

Certificate of completion

Digital certificate - Included

Reed courses certificate of completion

Digital certificate - Included

• SAP FICO (comprehensive) - all lectures 31:15:13

  • 1: Introduction to SAP FICO module 43:45
  • 2: Enterprise Structure - part 1 52:52
  • 3: Enterprise Structure - part 2 1:00:51
  • 4: Enterprise Structure - part 3 38:31
  • 5: General Ledger - part 1 57:19
  • 6: General Ledger - part 2 Preview 55:01
  • 7: General Ledger Validations 48:35
  • 8: Reversals 56:28
  • 9: Accounts Payable - part 1 1:00:00
  • 10: Accounts Payable - part 2 54:35
  • 11: Accounts Payable - part 3 Preview 38:13
  • 12: AP - Manual Bank Statement 34:20
  • 13: AP - APP 50:32
  • 14: AP - Check Management 28:20
  • 15: Accounts Receivable - part 1 51:18
  • 16: Accounts Receivable - part 2 47:14
  • 17: Accounts Receivable - part 3 41:54
  • 18: Accounts Receivable - part 4 16:49
  • 19: AR - Dunning 53:22
  • 20: AR - Taxation 40:14
  • 21: AR - International Currencies 46:15
  • 22: Cross Company Code and Cash Journal 49:52
  • 23: Asset Accounting - part 1 40:18
  • 24: Asset Accounting - part 2 48:27
  • 25: Asset Accounting - part 3 36:25
  • 26: Asset Accounting - part 4 45:27
  • 27: Integration of FI with HR - part 1 33:53
  • 28: Integration of FI with HR - part 2 55:42
  • 29: Integration of FI with MM - part 1 42:20
  • 30: Integration of FI with MM - part 2 59:14
  • 31: Integration of FI with SD 48:49
  • 32: ASAP Methodology 27:32
  • 33: LSMW 32:49
  • 34: Real Time Concepts - Tickets - part 1 56:05
  • 35: Real Time Concepts - Tickets - part 2 29:29
  • 36: Controlling - part 1 51:41
  • 37: Controlling - part 2 51:02
  • 38: Controlling - part 3 46:19
  • 39: Controlling - part 4 37:35
  • 40: Product Cost 55:45
  • 41: Reports 50:01

SAP FICO (comprehensive) - Course Curriculum

1) Introduction to ERP

• What is ERP?
• Why we need ERP?
• Advantage of ERP?
• Major ERP packages
• What is sap?

2) Finance Enterprise Stricture

• Organizational Units
• Define Company
• Define Company Code
• Define Business Area
• Assign Company Code to Company
• Define Plant, Purchase Organization, Storage location
• Define Sales Organization, Shipping Point,
• Distribution Channels and Divisions
• Assign plant and purchasing organization to company code
• Assign purchasing organization to plant
• Assign sales organization,
• Distribution channels and Divisions to company code
• Assign shipping point

3) Financial Accounting Global Setting

• Maintain Fiscal year variant
• Maintain posting period variant
• Open and closing periods
• Maintain field status variant
• Enter global parameters
• Define document types and number ranges
• Define posting keys
• Maximum exchange rate difference
• Define text for line items
• Default values for values for document processing

4) Chart of Accounting List

• Define Operative chart of Accounts
• Define group chart of accounts
• Define country specie chart of accounts
• Assign chart of accounts to company code
• Define account group
• Define retained earning account

5) GL Account Creation and processing

• Define tolerance groups for G/L accounts
• Define tolerance groups for employees
• Define GL account
• Block/Unblock GL accounts
• General document posting
• Document in G/L park post, Hold, Recurring, Sample,

6) Account Assignment model etc.

• Open item management
• Incoming payments
• Outgoing payments
• Charge of differences
• Manual clearing
• Automatic clearing
• Foreign currency posting
• Foreign currency valuation
• Work list preparations
• Layout preparations
• Display balances (with variant)
• Control totals
• Multiple currencies
• Reserve Document
• Individual reversal
• Mass reversal
• Reversal of reversal
• Reset cleared item reversal

7) Account receivable

• Define account groups with screen layout (customers)
• Create number ranges and assign to accounts groups
• Define tolerance to customers/vendors
• Create customer master record
• Customer document posting
• Customer incoming payment
• Maintain terms of payment
• Define account for cash discount granted
• Charges of differences
• Down payment
• Transfer with clearing
• Automatic clearing
• Dunning
• Item interest calculation
• Sales tax
• Define accounts for exchange rate differences
• Foreign currency posting and valuation
• Credit memo postings

8) Account payable

• Define account groups with screen layout (vendors)
• Create number ranges to vendor account groups
• Assign number ranges to vendor account groups
• Create vendor master record
• Vendor invoice posting
• Define accounts for cash discount taken
• Define accounts for bank charges (vendors)
• Define accounts for overpayments/underpayments
• Down payment
• Alternative payee
• Define accounts for exchange rate differences
• Foreign currency posting and valuation
• Automatic payments program (APP)
• Credit memo postings
• Check management
• Individual check payment
• Manual check payment
• Check register
• Create void reason cods
• Reprint check
• Unused checks cancellation
• Issued checks cancellation
• Cancel payment
• Delete manual checks

9) Country India version (CIN)

• VAT
• Sales tax
• Extended withholding tax (TDS: Tax Deduct at Source)

10) Bank Accounting

• Define house bank
• Creates check lots
• Bank account interest calculation
• Cash journals
• BRS (manual bank stamen, electronic bank statement)
• Lock box processing

11) Asset Management

• Copy chart of depreciation
• Assign tax code for non taxable transactions
• Assign chart of depreciation to company code
• Specify account determination
• Create screen layout rules
• Define asset classes
• Define number ranges
• Creation of GLs
• Integration with GL
• Posting rules
• Determine depreciation areas in asset classes
• Define screen layout for asset master data
• Define number ranges for depreciation posting
• Depreciation key
• Define base method
• Define declining balance method
• Define multi level method
• Define period control method
• Define depreciation key
• Asset master creation

12) Creation of main asset

13) Creation of sub ­asset

• Asset purchase posting
• Sale of asset
• How to view sub asset value balance
• How to view the asset balance
• Depreciation run
• Asset transfers and asset scrapping
• Asset explorer and asset history sheet

14) Integration of FICO

• FI­MM
• FI­SD
• FI­HR

15) Final preparations

• Define financial statement versions
• Display of trial balances
• Display of GL balances
• Display of A/R balances
• Display of A/P balances
• Display of assets balances

16) Other components

• Data takeover - loading and transitional data up loading (LSMW)
• Month end closing activities
• Year end closing activities
• Cross company code transitions
• Validations

17) ECCC6.0 New Features

SAP ­ CONTROLLING

18) Basic setting for Controlling

• Maintain controlling area
• Assign company code
• Active control indicators/components
• Maintain versions
• Maintain controlling document number ranges

19) Cost element accounting

• Create primary/secondary cost elements
• In financial area
• In controlling area
• In automatic creation of cost elements
• Cost elements group

20) Cost center accounting

• Creation of cost center Std. Hierarchy
• Creation of cost center
• Creation of cost center group
• Activate inactivate cost center
• Create activity types
• Activity type groups
• Create statistical key figures
• Cost center planning
• Define user define planning profile
• Defined user defined distribution keys
• Set planner profile
• Planning of cost center wise
• Posting with cost center actual value
• To view the cost center report
• To view the variance report cost center wise
• Period and closing activities in cost center accounting
• Manual reposting
• Distribution method
• Assessment

21) Internal orders

• Create internal settlement cost element
• Manual allocation structure
• Creation of internal order
• Change internal order
• Actual posting to internal order
• Internal order report
• Planning of internal order
• Budgeting and availability control
• Maintain number ranges and budgeting
• Maintain budget profile
• Define tolerance limits for availability control
• Internal order budget report
• Change internal order
• Maintain number ranges for settlement documents
• Maintain settlement profile
• Settlement of internal order to cost center
• Close the internal order

22) Profits center accounting

• Maintain controlling area settings
• Define standard hierarchy
• Copy cost center groups
• Copy cost center
• Create dummy profile center
• Create profit center
• Creation of profit center group
• Assigning the profit center to the cross center
• Set control parameter for actual data
• Creation of revenue elements
• Creation of account groups
• Maintain plan version
• Sales invoice posting
• Posting expenditure
• Profit center report
• View variance report profit center wise for balance sheet items

23) Product costing

• Create overhead cost elements
• Create activity types
• Define overhead keys
• Define overhead group
• Define calculation base
• Define percentage overhead rates
• Define credits
• Define cost sheets
• Define cost component structure
• Assign cost sheet to costing variant
• Define person responsible for work centers
• Define MRP (material requirement planning) controller
• Define production scheduler
• Create GL­ account (material consumption account)
• Assign material consumption account(OBYC)
• Activity planning
• Create raw material master
• Create finished goods
• Create bill of material(BOM)
• Create work center
• Creation of cost estimate
• Display material master record

Everyone

Passion to learn and achieve your goals!

• SAP FICO Consultant
• SAP FICO Lead/Manager/Specialist
• Systems Accountant SAP
• Principal FICO Consultant S/4HANA
• SAP Demand Manager (FICO)
• SAP Finance Analyst
• Solutions Architect - SAP FICO
• SAP Finance Consultant
• SAP FICO-Techno Functional Business Analyst
• SAP FICO Architect
• SAP FI Super User
• SAP FICO Career Track
• Finance Director & Manager
• SAP Program/Change Manager
• Chief Financial Officer (CFO)

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