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SAP- FICO (Financial Accounting and Controlling)

SAP Financial Accounting and Controlling (FICO) Training Course Summary

SAP is a market-leading Enterprise Resource Planning (ERP) software solution that integrates all the key business functions of an organization. SAP FICO represents financial accounting and controlling, a core task of ERP. All the financial transactions and information of a company are stored under SAP FICO. Integrated with sales, distribution, material management and HR management, this module of the ERP is an important aspect of the finance department in terms of planning and budgeting.

This SAP FICO course gives an overview of the ERP’s functionality and introduces you to its various tools, solutions and accounting set-ups. With training in SAP FICO, finance professionals and certification candidates will understand how to navigate the software on the server and carry out basic to advanced tasks that are essential to a company. The LearnersPoint SAP FICO classes also brief students in asset management and the report extraction of financial statements.

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 SAP Financial Accounting and Controlling (FICO) Training Course Objective

  • To provide hands-on practical instruction and practice of the SAP FICO ERP
  • Prepare candidates for the SAP FICO German certification
  • Increases your knowledge on the latest trends in the SAP world
  • Equips you with the latest software tools to manage financial activities in your organization
  • Helps you improve the SAP processes in your company thereby increasing value-addition
  • Enhances professional growth and gives you better job opportunities

Professionals Who Can Benefit from SAP Financial and Controlling (FICO) Training Course

  • Entry-level finance executives
  • Accountants
  • Finance managers looking to use SAP FICO proficiently  

SAP Financial and Controlling (FICO) Training Course Outline

SAP FICO Training Basic Settings

  • Creations company
  • Company code
  • Assign company code to company
  • Business area
  • Fiscal year variant
  • Asian fiscal year variant to company code
  • Chart of accounts
  • Accounts group
  • Retained earnings account
  • Posting period variant
  • Document types and no ranges
  • Filed status variant
  • Tolerance group
  • Posting keys

GENERAL LEDGER 

  • GL master record
  • Posting of document
  • Display balances of GL
  • Parking, hold
  • Accrual, sample documents
  • Deferral documents
  • Foreign exchange
  • Reversal of documents
  • Interest calculation
  • Cash management
  • Bank reconciliation

ACCOUNTING PAYABLE 

  • Vendor groups (MM and FICO vendors)
  • ranges for vendor accounts
  • Tolerance group for vendors
  • House bank
  • Correspondence
  • Automatic payment program
  • Extended withholding tax
  • Terms of payments
  • Down payment made
  • Cash discount (received)

ACCOUNT RECEIVABLE 

  • Customer group (SD and FI/CO customers)
  • Ranges for customers’ accounts
  • Customer master records
  • Down payment received
  • Dunning
  • Cash discount (CIN version)
  • Bills of exchange
  • Treasury management

ASSET ACCOUNTING

  • Chart of depreciation
  • Account determination
  • Screen layout
  • Asset classes
  • Integration with FI
  • Depreciation methods
  • Depreciation keys
  • Asset master
  • Sub asset master
  • Asset report
  • Depreciation run
  • Sale of asset
  • Transfer of asset
  • Scrapping of asset
  • Capital work in progress

CONTROLLING

  • Controlling area
  • Ranges for controlling documents
  • Versions
  • Cost element accounting (manual, automatic)
  • Cost centre accounting
  • Repost line items, repost of cost
  • Actual overhead assessment
  • Planning cost centre and cost element
  • Budgeting

INTERNAL ORDER 

  • Order type
  • Order, statistical key figure
  • Planning internal order wise
  • View internal order wise report

PROFITABILITY ACCOUNTING (PCA) 

  • Controlling settings
  • Dummy profit centre actual data
  • Profit centre assignment of revenue elements
  • Choose account, creation of cost object
  • Planning profit and loss items
  • Planning balance sheet items

PROFITABILITY ANALYSIS (CO-PA) 

  • Operation concern
  • Profitability segments
  • Assignment of controlling area to operating
  • Activate profitability analysis
  • Mapping of conditions to coop values
  • Drill down report
  • Report painter

PRODUCT COSTING 

  • Creation of secondary cost element
  • Active type
  • Price calculation
  • Work centre
  • Overhead keys
  • Routing
  • Cost sheet variant
  • Cost estimate with quantity structure
  • Cost estimate without quantity structure
  • Marking and releasing
  • Work in progress

REPORTS 

  • Financial statement version
  • GL reports
  • Accounts payable reports
  • Accounts receivable reports
  • Assets
  • Cash book reports
  • LSMW
  • Transport management

INTEGRATION 

  • Procurement cycle
  • Integration with MM
  • Sales process integration with SD
  • Integration with asset accounting
  • Integration with controlling
  • Integration with PP

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