SAP FICO TRAINING

SAP FICO Training

ABOUT FICO
COURSE SYLLABUS
FACULTY
ABOUT FICO

What is SAP FICO?

SAP FICO (Financial Accounting and Controlling) is a critical module within SAP ERP, dedicated to managing financial processes and reporting. FICO facilitates both internal and external financial reporting, aiding organizations in making informed decisions and strategic planning.

Key Features and Functionalities:
  • Accounts Receivable: Manages incoming payments and customer invoices.
  • Accounts Payable: Handles outgoing payments and vendor invoices.
  • General Ledger Accounting: Maintains a centralized record of financial transactions.
  • Cost Element Accounting: Tracks costs associated with business activities.
  • Cost Controlling: Monitors and controls costs within the organization.
  • Cost Center Accounting: Assigns costs to specific cost centers.
  • Internal Orders: Tracks costs and revenues for specific purposes or projects.
  • Activity Based Costing: Allocates costs based on activities performed.
  • Product Cost Controlling: Calculates and manages costs associated with manufacturing products.
  • Profit Center Accounting: Analyzes profitability at the level of individual business units or departments.
  • Profitability Analysis: Evaluates profitability across different dimensions such as products, customers, and regions.
About the Course:
  • SAP FICO offers extensive career opportunities due to its widespread adoption by organizations worldwide.
  • The course at LIT Hyderabad provides comprehensive training on SAP FICO, ensuring students gain a competitive edge in the job market.
  • Topics covered include ERP fundamentals, SAP R/3 to S/4 HANA Finance transition, general ledger accounting, banking and treasury management, asset accounting, controlling, and integration with other SAP modules.
  • The course curriculum is designed to equip students with practical skills and theoretical knowledge necessary to excel in the SAP FICO domain.
  • LIT offers personalized attention to students, including doubt-clearing sessions and one-to-one feedback from trainers.
  • Training is conducted through live instructor-led online classes, allowing students to learn from the comfort of their homes.
  • Students receive access to course content for self-paced learning and revision.
Training Overview:
  • The SAP FICO online training course at LIT includes certification upon completion.
  • Students benefit from personalized attention and interactive learning sessions.
  • Access to course content enables flexible learning and revision.
  • LIT is recognized as one of the best institutes for SAP FICO online training in India, offering the ideal environment and infrastructure for skill development.
  • Joining the SAP FICO online training in Hyderabad at LIT promises a rewarding career and the opportunity to become a proficient SAP FICO professional.

Enroll today to embark on a journey towards a successful career in the dynamic field of SAP FICO.

COURSE SYLLABUS

SAP FICO – Course Content

I. Introduction:
  • Introduction to ERP and its advantages over other ERP packages.
  • Introduction to SAP R/3 and S/4 HANA Finance.
  • Overview of G/L (General Ledger), A/R (Accounts Receivable), A/P (Accounts Payable), AA (Asset Accounting).
  • Introduction to Banking and Treasury Management.
  • Overview of CEA (Cost Element Accounting), CCA (Cost Center Accounting), EC-PCA (Profit Center Accounting), CO-PA (Profitability Analysis), and PC (Product Cost Controlling).
II. Financial Accounting Basic Settings:
  • Configuration of countries, currencies, regions, languages, calendars, quotations, exchange rate types, and spreads.
  • Creation and assignment of company codes and business areas.
  • Defining fiscal year variants, posting period variants, document types, and number ranges.
  • Setting up tolerance groups, field status variants, and tolerance groups for employees.
  • Configuring taxes on sales and purchases, chart of accounts, accounts groups, and retained earnings account.
III. General Ledger Accounting:
  • Master data creation for general ledger accounts.
  • Legacy System Migration Workbench (LSMW).
  • Document entry, posting, and reversal.
  • Recurring entry document creation and posting.
  • Sample document creation and posting.
  • Validations, substitutions, and parallel currencies.
  • Configuration of exchange rate types, translation ratios, and interest calculation.
IV. Bank Configuration:
  • Setting up house banks, bank accounts, and cash journals.
  • Bank reconciliation statements and automatic bank reconciliation.
  • Principles of lockbox, multicash, and BAi 1.
  • Testing various bank transactions including individual and manual check payments, check encashment, and validation principles for check management.
V. Accounts Receivable:
  • Creation of customer account groups and master data.
  • Configuration of tolerances, terms, discounts, and bad debts reserve.
  • Risk management, dunning, and automatic clearing.
VI. Accounts Payable:
  • Setup of vendor account groups and master data.
  • Configuration of terms, discounts, and down payments.
  • Automatic payment program setup and correspondence.
VII. Taxes:
  • Management of input tax, output tax, excise tax, service tax, customs tax, professional tax, withholding tax, and GST.
  • Testing tax-related transactions including posting, advance payments, and invoice verification.
VIII. Data Migration:
  • Legacy System Migration Workbench (LSMW) for data migration.
IX. Asset Accounting:
  • Configuration of chart of depreciation, account determination, asset classes, and posting rules.
  • Asset master and sub-asset master creation, acquisition, sale, scrapping, and depreciation run.
X. Cross-Company Code Transactions:
  • Integration with MM (Materials Management) including movement types, valuation, and plant configuration.
XI. Real Time Concepts:
  • SAP methodology, LSMW, batch input, IDOC, BAPI.
  • Controlling (in-depth), SAP Query, transport request creation and release, tickets, and FAQs.

FACULTY
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