SAP Finance and Controlling (FICO) (beginner to expert)
SAP Finance and Controlling (FICO) (beginner to expert)
A warm welcome to the SAP FICO course by Uplatz.
SAP FICO (Finance and Controlling) module by SAP monitors company financials (SAP FI) and delivers cost accounting (SAP CO). SAP FI is used to store the financial data of an organization and also helps to analyze the financial conditions of a company in the market whereas SAP CO supports coordination, monitoring, and optimization of all the process in the organization.
SAP FICO module is very robust and covers almost all business process encountered in various industries. It is one of the very important and widely implemented modules in SAP. It is one of important modules of SAP ERP and is used to store the financial data of an organization. SAP FI helps to analyze the financial conditions of a company in the market. It can integrate with other SAP modules like SAP SD, SAP PP, SAP MM, SAP SCM, etc.
SAP FI comprises of the following sub-components −
Finance Accounting General Ledger.
Finance Accounting Accounts Receivable and Payable.
Finance Accounting Asset Accounting.
Finance Accounting Bank Accounting.
Finance Accounting Travel Management.
Finance Accounting Fund Management.
Finance Accounting Legal Consolidation
SAP FI module enables you to manage financial accounting data within an international framework of multiple companies, currencies, and languages. SAP FI module mainly deals with the following financial components −
Fixed asset
Accrual
Cash journal
Accounts receivable and payable
Inventory
Tax accounting
General ledger
Fast close functions
Financial statements
Parallel valuations
Master data governance
SAP FI consultants are mainly responsible for implementing Financial Accounting and Cost Accounting with SAP ERP Financials.
SAP Controlling (CO) is another important SAP module offered to an organization. It supports coordination, monitoring, and optimization of all the processes in an organization. SAP CO involves recording both the consumption of production factors and the services provided by an organization.
SAP CO includes managing and configuring master data that covers cost and profit centers, internal orders, and other cost elements and functional areas. The main purpose of SAP controlling module is planning. It enables you to determine variances by comparing actual data with plan data and thus enables you to control business flows in your organization.
Both SAP CO and SAP FI modules are independent components in a SAP system. The data flow between these components takes place on a regular basis. Data flows relevant to cost flows to Controlling from Financial Accounting. At the same time, the system assigns the costs and revenues to different CO account assignment objects, such as cost centers, business processes, projects or orders.
SAP FICO entails numerous advantages and benefits as well. No wonder many individuals are pursuing career under this category. This helps in integrating different modules dealing with finance and controlling. These modules also cover external and internal accounting. The FICO’s functional components for finance include ledger, fixed assets, account payables and receivables. For controlling, the functional components are internal orders, cost and profit center accounting, profitability analysis.
The financial accounting in SAP features an imperative primary module wherein real-time financial transactions and processing will be captured providing a basis via data that can also be drawn for the purpose of external reporting. The SAP software financial modules also help companies and businesses unite parallel modules that might be in need for the utilization of software packages. SAP FI (Finance) has the capacity of meeting the accounting and financial need of organizations.
Controlling in SAP also pertains to managerial accounting. The CO (Controlling) organizational elements that are facilitated by SAP modules benefit managers by providing them with reports on profitability, cost centers and more.
SAP FICO module is firmly integrated with other ERP modules such as Sales and Distribution (SD), Materials Management (MM), Human Capital Management (HCM), etc.
Uplatz provides this in-depth training on SAP FICO module covering each topic in great depth and supported by practical and hands-on scenarios demonstrated on SAP FICO system.
SAP FICO, course covers the necessary certification topics for SAP FICO. It includes SAP FICO Business Processes, General Ledger, Accounts Payable, Accounts Receivable, Asset Accounting, New General Ledger and Controlling. As part of the curriculum, you will also be introduced to the configuration which covers FICO Organisational data, Master Data, processing Transaction data, Integration and Financial Reporting.
Financial management requirements are constantly changing, and it’s more important than ever to keep your skills current. This SAP Financial Accounting (FI) and SAP Controlling (CO) process and consultant training delivers the understanding and expertise professionals need for better management of finance accounting and reporting in enterprise.
This SAP FICO training program focuses on core accounting and reporting concepts like financial controlling – credit control, maintain fiscal year variant and tax code, assign the company code to a chart of accounts etc. SAP FICO Course will prepare the students to learn and understand all the end-to-end implementation steps to configure SAP FI and CO modules for any organization.
The SAP FICO course also highlights the necessary documentation and methodology which are used in SAP FICO implementation projects. After this course, the students will be able to identify and analyse the business requirements of any organization for Record to Report process cycle and to configure SAP FICO modules accordingly.
The syllabus on SAP FICO course is focused on topics that students and other interested individuals should concentrate on. Sufficient knowledge on all the aspects of SAP FICO can help individuals boost their career and improve their business. There are plenty of reasons why enterprise software are becoming widespread and popular. Organizations and businesses have to deal with many complexities and challenges along the way. Learning SAP FICO can be an excellent means to keep an eye to the present and future financial aspects of business.
This SAP FICO training will prepare you for the SAP job market as well as equip you with all the necessary knowledge that is needed for you to pass the SAP FI/CO certification Examination.
Course Objectives
By the end of this SAP FICO training, you will be able to:
Acquire the relevant knowledge required to clear the SAP certification exam
Understand the core concepts of SAP FICO module
Be able to apply the knowledge learned to progress in your career as an associate level SAP FICO Functional consultant
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
SAP FICO - Course Syllabus
SAP Overview
SAP Navigation
Financial Accounting Master Data
Chart of accounts
G/L account
Reconciliation accounts
Account groups
Customer and vendor accounts
Bank accounts/bank keys
Document and Posting Control
Document types and number ranges
Posting keys and field status groups
Posting periods
Posting authorizations
Default values
Document changes, change control
Tolerance groups and payment differences
Cross-company code transactions
Document reversal
Incoming and outgoing payments
Cash discount and payment conditions
Taxes
Clearing (manual and automatic)
Payment differences
Foreign currencies and exchange rate differences
Cash journal
Special General Ledger Transactions, Document Parking, Substitution and Validation
Special G/L transactions using the example of payment and guarantee of payment
Special G/L classes and types
Customizing of different special G/L transactions
“Park document” versus “hold document”
Basics of document parking
Processing parked documents
Substitution
Validation
Payment Program, Dunning Program, Correspondence, Interest Calculation
Payment program configuration
Executing the payment run
Creating payment media
Dunning program configuration
Executing the dunning run and printing the dunning notice
Correspondence configuration
Creating correspondence
Interest calculation configuration
Executing the interest calculation run
Evaluation Options in Reporting
Drill down reporting in Financial Accounting
List Viewer
Info system and ABAP reports in General Ledger accounts receivable and accounts payable accounting
Closing Operations in Financial Accounting
Month-end and year-end closing
Balance sheet/P&L structure & reporting
Receivables and Payables
Profit and loss
Technical, organizational and documentary steps
Asset Accounting
Organizational structures
Master data
Asset transactions (for example, asset acquisition, retirement, and transfer)
Periodic processing in Asset Accounting
Using the information system
The New General Ledger
Activation and the idea of the New General Ledger
New characteristics in FI
Scenarios and scenario assignment
Document splitting
Real-time integration CO => FI
Reporting with (new) FI standard drill down reporting
Detailed level topics covered in this SAP FICO course
Unit 1: Introduction to SAP R/3
Introduction to ERP, Advantages of SAP over other ERP Packages
Introduction to SAP R/3 FICO
Landscape – client concept
Transport request – creation, structure, types, statuses, releasing and movement
Unit 2: Financial Accounting Basic Settings (Organization structure)
Definition of company
Definition of company code
Assignment of company to company code
Definition of business area
Definition of Chart of accounts and types of chart of accounts
Assignment of chart of accounts to company code
Definition of Account groups
Defining Retained Earnings Account
Definition of fiscal year variant, Short-end fiscal year
Assignment of fiscal year variant to company code
Definition of posting period variant
Assignment of posting period variant to company code
Open and close FI posting period
Defining document type & number ranges (internal and external)
Maintenance of field status variants
Assignment of field status variant to company code
Definition of tolerance groups for GL accounts
Definition of tolerance groups for employees
Assignment of tolerance groups to users
Global parameters
Unit 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 and postings with sample documents
Creation of account assignment model and posting
Configuration of line layouts for display of GL line items
Accrual and Deferral documents
Reversal of individual documents, mass reversal, reversal of cleared items and reversal of accrual and deferral documents, re-reversal
Types of clearing – standard, partial and residual
Defining Exchange Rate types, Forex table and Translation and tables
Define Exchange rates & posting of foreign currency transactions
Interest calculations on term loans
Recurring documents
Tables and reports in GL
Unit 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 venders
Creation of vendor master (display/change/block/unblock of vender master) and related tables
Posting of vendor transactions (invoice posting, manual payment posting, credit memo) and related tables
Settings for advance payments to parties (down payment) and clearing of down payment against invoices (special GL transactions)
Posting of partial Payment & Residual Payment
Cash discounts from vendors and payment terms
Automatic payment program configuration with SEPA format
Bank master data and house banks
F110 execution – main bank posting from F110 and bank clearing account posting from F110 and related tables
DME files creation in xml and txt format and understanding DME structure in DMEE
Payment advice generation, payment summary generation
Reversal of payment documents
Vendor clearing – standard, partial and residual
Check payment method and creating checks manually and automatically and printing
Creation of check lots and maintenance of check register
Check encashment dates
Cancellation of unissued checks and issued checks
Creation of void reasons
Issued check cancellation
Deleting manual checks and voided checks
Defining correspondence & party statement of accounts
Real-time scenarios on APP
Intercompany payments – manual and automatic
Tables and reports in AP and APP
Unit 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 vender master) and related tables
Posting of customer transactions (sales invoice posting, manual payment posting, debit memo) and related tables
Settings for advance payment from parties (down payment)
Configuration of settings for dunning and generating the dunning letters
Defining correspondence and party statement of accounts
Cash discounts to customers
APP configuration for incoming payments direct debit
Customer clearing – standard, partial and residual
Tables and reports in AR
Unit 6: Bank Accounting
House bank
Bank key
Bank account
Bank clearing accounts
Electronic bank statement (EBS): Configuration and execution MT940
Auto Lockbox: Configuration and execution
Cash journal/SAP query
Unit 7: Data Migration
LSMW (master data)
BDC (transaction data)
Unit 8: Asset Accounting
Defining chart of depreciation, depreciation areas
Creation of 0% tax codes for sales and purchases
Assignment of the chart of depreciation to company code
Defining account determination
Definition of screen layout rules
Definition of number ranges for 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
Acquisition/purchase of fixed assets
Sale/retirement of fixed assets
Transfer of assets (intra and intercompany)
Scrapping of assets
Depreciation run
Asset history report, Asset explorer and Asset documents
Line item Settlement of assets under construction of capital work in progress
Year-end activities
Asset mass changes
Tables and reports in AA
Unit 9: New General ledger accounting
Parallel ledgers
Document splitting
Unit 10: Reports
Financial statement version (FSV)
CONTROLLING
Unit 1: Basic settings for controlling
Defining Controlling Area
Defining Number ranges for Controlling Area
Maintain versions
Unit 2: Cost element accounting
Creation of primary cost elements from FI and CO
Manual and automatic creation of primary and secondary cost elements
Grouping of cost elements
Change cost element master records
Primary cost element categories and Secondary cost element categories
Default account assignments
Unit 3: Cost Center Accounting
Defining Cost Center Standard Hierarchy
Creation of Cost Centers and cost center groups
Display and change cost center master records
Creation of cost center groups
Actual posting to cost centers
Reposting of CO line items
Repost of costs
Planning for cost centers
Actual and variance reports
Title
Statistical Key figure
Creation and execution of Distribution Cycle with/without SKF
Creation and execution of Assessment cycles with/without SKF
Creation and execution of Actual periodic reposting
Unit 5: Internal Orders
Defining order types
Creation of internal order master records
Display and change internal order master records
Postings to internal orders
Planning for internal orders
Reposting co line items for internal orders
Repost of costs for internal orders
Report of Actuals and Variance analysis for internal orders
Creation of real and statistical internal orders
Posting of business transaction to real orders
Definition of allocation structures
Definition of settlement profiles
Definition of planning and budget profiles
Settlement of real internal orders
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
SAP Business workplace
Unit 6: 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
Maintenance the number ranges for profit center documents
Creation, change and display of profit center master records
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
Planning for balance sheet items
Posting of transactions into profit centers
Generating the variance reports for profit and loss account items
Generating the variance reports for balance sheet items
Transferring balances from one PC to another PC
Unit 7: Profitability analysis
Maintaining the operating concern and related tables
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
PA transfer structure
CoPA document generation from Billing and FI document
Creation of reports – Report painter
Viewing the reports
Product costing
Unit 1: Product cost planning
Creation of bill of materials BoM
Creation of activity type master records
Planning for activity hours
Activity type price calculation
Creation of work center master records
Creation of routings
Defining cost sheet (overhead structures)
Assignment of cost sheet to costing variant
Cost component structure
Creation of cost estimate with quantity structure
Marking
Releasing – price change document
Creation of cost estimate without quantity structure
Additive costing
Base planning object (Reference or Simulation costing)
Integration
Unit 1: Integration of FI with MM (P2P cycle)
Definition of organizational units in materials management i.e. plant, storage location and purchase organization
Assignment of organizational units to each other
Definition of tolerance groups for purchase orders
Definition of tolerance groups for goods receipt
Definition of tolerance groups for invoice verification
Definition of vendor specific tolerances
Creation, display and change of material master records
Creation of plant parameters
Maintenance of posting periods for materials management
Maintenance of parameters for invoice verification
Maintenance of plant parameters for inventory management and physical inventory
Definition of attributes for material types
Assignment of GL accounts for material transactions in financial accounting (Integration of MM with FI)
Valuation classes, Valuation grouping code
Creation of purchase order, posting of goods receipt, invoice verification and Goods issue for production
Price control – standard and moving average with postings
GR/IR clearing from F.13
MM Pricing procedure and adding freight to pricing procedure
Stock report MB5B
Unit 2: Integration of FI with SD (O2C cycle)
Definition of sales organization
Definition of distribution channels
Definition of divisions and Sales area
Assignment among various organizational units in SD
Definition of partner functions
Definitions of shipping point and loading points
Definition of pricing procedures
Determining the shipping points
Determining the pricing procedures
Maintenance of SD condition types
Maintenance of condition records
Assignment of GL accounts for sales transactions (integration of FI with SD)
Creation of sales order
Initialization of stock
Posting the delivery of goods with PGI
Creating the sales invoice
SD pricing procedure
Unit 3: Validations and Substitutions
Line item level
Header level
Unit 4: Sales Tax
Input tax
Output tax
Sales tax procedure
Unit 5: Idocs
Structure of an Idoc
AL11 path, Uploading and downloading files from AL11
Testing and copying an Idoc
Reprocessing an Idoc
Unit 6: ASAP Methodology
Phases in ASAP methodology
Project plan
Unit 7: Real time documentation
Business blue print (BBP)
Estimate
High level design
Functional specifications
Test script
UAT
Master SAP FI (Finance) & CO (Controlling) modules with detailed config & execution steps. Become an SAP FICO Consultant
Url: View Details
What you will learn
- End-to-end knowledge of SAP FICO module
- Detailed implementation and configuration steps on SAP FICO system
- Prepare for SAP FICO Certification exam
Rating: 3.35
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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