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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. 

This course is intended to serve as a starting point for everyone who wants to pass SAP FI Certification or for those who are just curious about SAP FI (Financial Accounting) and SAP certification. This is also an absolute necessity if you are seeking a Job in Finance / Accounting / Procurement role in a company where SAP is implemented or being implemented.

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 SAP Financial Accounting and Controlling (FICO) Training Course Objectives

  • To provide hands-on practical instruction and practice of the SAP FICO ERP
  • Define key FICO and financial terms in SAP
  • Explain basic processes of financial inputs, reports, and outputs when working in SAP
  • Identify the roles and responsibilities of financial professionals when gathering and analysing data in SAP
  • Describe the ancillary roles that functions outside of finance play when working in the SAP financial workflow
  • 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

A. Components of Financial Accounting (FI) 

1.Organizational Elements/Basic Settings 
a. Company Code
b. Business Area 
c. Chart of Accounts
d. Variant Principle
e. Fiscal Year Variant

2.General Ledger (FI-GL) 
a. G/L Master Records
b. Account Groups 
c. Reconciliation Accounts
d. Document Control Overview
e. Automatic Account Assignments
f. TAX Procedures

3.Accounts Payable (FI-AP)
a. Vendor Master Records
b. Account Groups 
c. Integration with Materials Management
d. Document Control Overview
e. Automatic Account Assignments
f. TAX Procedures
g. Payment Procedures

4.Accounts Receivable (FI-AR)
a. Customer Master Records
b. Account Groups 
c. Integration with Sales & Distribution
d. Document Control Overview
e. Automatic Account Assignments
f. TAX Procedures
g. Credit Management
h. Dunning Procedures

5.Bank Accounting (FI-BL)
a. Bank Master Records
b. Bank G/L Accounts 
c. Cash Ledgers
d. Bank Reconciliation
e. Automatic Account Assignments

6.Asset Accounting (FI-AA)
a. Asset Master Records
b. Asset Class 
c. Depreciation Areas
d. Document Control Overview
e. Automatic Account Assignments
f. TAX Procedures
g. Depreciation Run

7.Special Purpose Ledger (FI-SL)
a. Reporting Requirements
b. Characteristics & Key Figures 
c. Table Requirements
d. Adjustment Postings
e. Validations, Substitutions and Rules
f. Sets & Variables

B. Components of Controlling (CO) 

1.Cost Element Accounting (CO-OM-CEL)
a. Different categories of Cost Elements
b. Automatic Creation of Cost Elements 
c. Various uses of Cost Elements

2.Cost Centre Accounting (CO-OM-CCA)
a. Overview of Controlling
b. CO Components 
c. Cost Centres
d. Standard Hierarchy
e. Cost Centre Groups
f. Account Assignments
g. Assessment, Distribution & Reposting
h. Period-End Closing

3.Internal Order (CO-OM-OPA)
a. Overview of Internal Order
b. Order Master Records
c. Order Settlement
d. Period-End Closing

4.Profit Centre Accounting (CO-PCA)
a. Overview of Profit Centre Structure
b. Standard Hierarchy 
c. Profit Centre Assignments
d. Profit Centre Analysis

5.Activity Based Accounting (CO-OM-ABC)
a. Activity Profiles
b. Push & Pull Approach 
c. Business Profiles

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