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SAP FICO

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.

 SAP Financial Accounting and Controlling (FICO) Training Course Objectives

 Upon completion of this training one can perform a SAP FICO support role. One will be able to   update SAP configurations, troubleshoot, customize SAP solutions, train users, and respond to their inquiries. One will be able to Support SAP FICO implementation initiatives and support activities right from the requirements gathering - facilitation of client core team workshops, process mapping, blueprinting and global solution design, localization, testing and post go live support & production support.

Required Education

PMP certification supported with a bachelor’s degree

Indicative Job Growth

 15% from 2018-2024

Median Salary

AED 142,464

SAP Financial and Controlling (FICO) Training Course Outline

Organizational Elements/Basic Settings 

  • Business Area
  • Company Code 
  • Chart of Accounts
  • Variant Principle
  • Fiscal Year Variant

General Ledger (FI-GL)

  • G/L Master Records
  • Account Groups 
  • Reconciliation Accounts
  • Document Control Overview
  • Automatic Account Assignments
  • TAX Procedures

Accounts Payable (FI-AP)

  • Vendor Master Records
  • Account Groups 
  • Integration with Materials Management
  • Document Control Overview
  • Automatic Account Assignments
  • TAX Procedures
  • Payment Procedures

Accounts Receivable (FI-AR)

  • Bank Accounting (FI-BL)
  • Bank Master Records
  • Bank G/L Accounts
  • Cash Ledgers
  • Bank Reconciliation
  • Automatic Account Assignments

Asset Accounting (FI-AA)

  • Asset Master Records
  • Asset Class 
  • Depreciation Areas
  • Document Control Overview
  • Automatic Account Assignments
  • TAX Procedures
  • Depreciation Run

Special Purpose Ledger (FI-SL)

  • Reporting Requirements
  • Characteristics & Key Figures 
  • Table Requirements
  • Adjustment Postings
  • Validations, Substitutions and Rules
  • Sets & Variables
     

Cost Element Accounting (CO-OM-CEL)

  • Different categories of Cost Elements
  • Automatic Creation of Cost Elements
  • Various uses of Cost Elements

Cost Centre Accounting (CO-OM-CCA)

  • Overview of Controlling
  • CO Components 
  • Cost Centres
  • Standard Hierarchy
  • Cost Centre Groups
  • Account Assignments
  • Assessment, Distribution & Reposting
  • Period-End Closing

Internal Order (CO-OM-OPA)

  • Overview of Internal Order
  • Order Master Records
  • Order Settlement
  • Period-End Closing

Profit Centre Accounting (CO-PCA)

  • Overview of Profit Centre Structure
  • Standard Hierarchy 
  • Profit Centre Assignments
  • Profit Centre Analysis

Activity Based Accounting (CO-OM-ABC)

  • Activity Profiles
  • Push & Pull Approach 
  • Business Profiles

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

  • Entry-level / experienced finance executives
  • Accountants
  • Accounts Manager
  • Finance Manager
  • Credit Controller
  • Charted Accountant
  • Procurement Managers
  • SCM Managers

Coporate Clients

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