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SAP- FICO (Financial Accounting and Controlling) Enquire Now

Course Summary

  •  Related imageImage result for SAP student

    About the Course

    SAP FICO denotes FI (Financial Accounting) and CO (Controlling / Management Accounting). SAP FI/CO is a critical module of SAP ERP Business Suite, and both modules store the world of financial related transactions/information.

    Both FI and CO are the core modules of the SAP ERP system and are integrated with other key modules such as Sales and Distribution, Material Management, Human Resources Management.

     Our SAP- FICO hands-on instructor-led training will make you ready for the lucrative SAP job market and also equip you with all tips & techniques needed for  clearing the SAP FICO German certification. 

    Who needs the course

    Accountants, Finance Professionals, SAP Users

Course Contents

  •  ERP Overview

     SAP Introduction

     Industry Process with ERP Solution

    Course Content

    Financial Accounting Basic Settings:

    1. Setting up and commissioning of company and company code

    2. Setting up of business area

    3. Delineating and commissioning of fiscal year variant

    4. Delineating and commissioning of posting period variant

    5. Delineating open and closing posting periods

    6. Delineating document type & number ranges

    7. Maintenance and commissioning of field status variants

    8. Delineating and commissioning of tolerance groups of employees

    9. Taxes on Sales & Purchases (input & output)

    10. Setting up of chart of Accounts

    11. Delineating Accounts Groups

    12. Delineating Retained Earnings Account.

    13. Delineating tolerance groups for G/I accounts

     

    General Ledger Accounting:

    1. Setting up of General Ledger Master (with and without reference)

    2. Display/Change/Block/Unblock of general ledger master

    3. Posting Document entries with reference.

    4. Display and change of documents

    5. Display of GL balances and Line items

    6. Parked documents & hold documents

    7. Setting up of Sample Document and posting

    8. Delineating recurring entry document and posting

    9. Setting up of account commissioning model and posting

    10. Configuration of line layouts for display of GL line items

    11. Reversal of different documents, mass reversal , reversal of cleared items and reversal of accrual and deferral documents

    12. Delineating Exchange Rate types and Translation ratios

    13. Delineate Exchange rates & posting of foreign currency transactions

    14. Interest calculations on term loans

     

    Accounts Payable

    1. Setting up of vendor account groups and commissioning of number ranges

    2. Setting up of tolerance group for venders

    3. Setting up of vendor master (display/change/block/unblock of vender master)

    4. Posting of vendor transactions (invoice posting, payment posting, credit memo)

    5. Setting advance payments to parties (down payment) and clearing of down payment against invoices (special GL transactions)

    6. Posting of partial Payment & Residual Payment

    7. Setting up of payment terms,

    8. Setting up of house banks and account ids.

    9. Setting up of check lots and maintenance of check register

    10. Configuration of automatic payment program

    11. Payment to vendors through APP

    12. used & unused checks cancellation and reversal of issued checks.

    13. Delineating correspondence & party statement of accounts

     

    Accounts receivable:

    1. Setting up of customer account groups and commissioning of number ranges

    2. Setting up of tolerance group for customers

    3. Setting up of customer master (display/change/block/unblock of vender master)

    4. Posting of customer transactions (sales invoice posting, payment posting, debit memo)

    5. Setting payment (down payment) advances from parties

    6. Configuration of settings for dunning

    7. Delineating correspondence & party statement of accounts

    Asset Accounting

    • Delineating chart of depreciation

    • Delineating account determination, screen layout, number ranges and asset classes.

    • Integration with General Ledger & Posting rules

    • Setting up of asset master and sub asset master (change/display/block/unblock)

    • Acquisition and selling, transfering and scrapping company Properties

     • Post Capitalization and writeoff

     Reports

    • 1. Versions of Financial Statements

    • Assets Reports Accounts Payable, General Ledger, and Accounts Receivable

    Course Outcome

    • 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

     

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