SAP FICO Training Course Online Course

SAP FICO Training Course

All levels
English

Course Description

BIT offers SAP FICO online training with Experts. Become Master in SAP FICO Concepts like General Ledger Accounting, Cash and Bank Accounting, Accounts Payable, Accounts Receivable, Asset Accounting, Controlling Area, Master Records, and Advanced Topics in SAP FICO with our Practical Classes. Financial management requirements are constantly changing, and it’s more important than ever to keep your skills current. SAP Financial Accounting (FI) and SAP Controlling (CO) process and consultant training delivers the understanding and expertise professionals need for better management of finance accounting and reporting in enterprises. SAP FICO, SAP FI (Financials) monitors company financials while CO (Controlling) delivers cost accounting. SAP FI is used to store the financial data of an organization and also helps to analyse the financial conditions of a company in the market whereas SAP CO supports coordination, monitoring, and optimization of all the process in the organization.

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What you’ll learn

Live Class Practical Oriented Training
Timely Doubt Resolution
Dedicated Student Success Mentor
Certification & Job Assistance
Free Access to Workshop & Webinar
No Cost EMI Option
Well aware of all the functional modules of ERP and SAP
Define basic settings for the organizational units for finance
Define accounts for currency exchange rate differences
How to integrate FICO module with other ERP modules including, FI-MM, FI-SD, FI-HR
Familiar with the navigation and other features of R/3 System
Work on Chart of Accounts, Retained Earnings Account and other General Ledger details
Prepare different types of accounting documents. Work on validations and substitutions for postings
Manage account payables and accounts receivables. Understand asset accounting, cash journal, and closing of operations

Covering Topics

Introduction

SAP Overview

Navigation

Enterprise Structure

Financial Accounting Basic Settings

General Ledger

Currencies

Accounting Documents

Reversals

Bank Accounting

Validations and Substitutions

Accounts Payables

Accounts Receivables

Management of Account

Taxes (GST)

Asset Accounting

Cash Journal

Closing Operations

Integration with Other Modules

Controlling

Curriculum

  Lecture -1 Introduction
Live Lecture 
·     Introduction to ERP and SAP

·     Overview of Full Life Cycle

·     Overview of All Functional Modules

·     Practical Exercise

  Lecture -2 SAP Overview
Live Lecture 
·     History of SAP

·     Organization

·     Technology

·     Implementation Tools (Asap and Solution Manager)

·     System Landscape

·     Roles And Responsibilities of a Consultant

·     Types of Projects

·     Change Transport System

·     Practical Exercise

  Lecture -3 Navigation
Live Lecture 
·     Logging on to the R/3 System

·     Screen Elements

·     Creating Favorites

·     Adding Transaction to Favorites

·     Practical Exercise

  Lecture -4 Enterprise Structure
Live Lecture 
·     Company code

·     Company

·     Business Area

·     Functional area

·     Practical Exercise

  Lecture -5 Financial Accounting Basic Settings
Live Lecture 
·     Overview of Organizational Elements in Accounting

·     Organizational Units

·     Define and Assign Organizational Units for Finance: Ex: - Country, Regions

·     Company

·     Company Codes

·     Business Areas

·     Functional Areas

·     Variant Principle

·     Fiscal Year and Posting Periods

·     Field Status Variants

·     Document types and Number Ranges

·     Posting Keys

·     Define Tolerance for GL Accounts and Employees

·     Global Parameters

·     Practical Exercise

  Lecture -6 General Ledger
Live Lecture 
·     Master Data Overview

·     Chart of Accounts

·     Types of Chart of Accounts

·     Define and Assign Chart of Accounts

·     Define Account Groups and Screen Layout for GL Accounts

·     Define Retained Earnings Account

·     Creations of GL Accounts Master Records

·     Postings

·     Display GL Account Balances and Document

·     Practical Exercise

  Lecture -7 Currencies
Live Lecture 
·     Maintain Exchange Rates Maintain Table

·     Define Translation Ratios for Currency

·     Define Accounts for Exchange Rate Differences

·     Posting with Foreign Currency

·     Define Methods for Foreign Currency Valuation

·     Prepare Automatic Posting for foreign currency valuation

·     Revaluation of foreign currency balances

·     Practical Exercise

  Lecture -8 Accounting Documents
Live Lecture 
·     Parking Document

·     Holding Document

·     Reference Document

·     Recurring Document

·     Sample Document

·     Account Assignment Model

·     Fast Data Entry

·     Practical Exercise

  Lecture -9 Reversals
Live Lecture 
·     Individual Reversals

·     Mass Reversals

·     Reversals of Reversals

·     Cleared item Reversals

·     Practical Exercise

  Lecture -10 Bank Accounting
Live Lecture 
·     Define House Banks with Bank Accounts

·     Creation of check number ranges for check lot

·     Define void reason codes

·     Issue of a check

·     Manual payment

·     Cancellation of issue check with reason codes

·     Check register

·     Practical Exercise

  Lecture -11 Validations and Substitutions
Live Lecture 
·     Validations and Substitution

·     Define Validation for posting

·     GL Posting to check Validation

·     Practical Exercise

  Lecture -12 Accounts Payables
Live Lecture 
·     Overview on Procurement Process

·     Overview on Vendor Master Data

·     Define Account Groups with Screen Layout

·     Define Number Ranges for Vendor Accounts

·     Assign Number Ranges to Vendor Account Groups

·     Reconciliation Accounts

·     GL Account Creation

·     Creation of Vendor Master Records

·     Vendor Document Types and Number Ranges

·     Posting Keys

·     Define Payment Terms

·     Define Tolerance for Vendors/Customers

·     Posting of Purchase Invoices

·     Display Vendor Line Items

·     Outgoing Payments

·     Vendor Clearings

·     Credit Memo Postings

·     Special GL Transactions (Down Payments Made)

·     Posting Down Payments

·     Clearing of Down Payments against Invoices

·     Reason Codes for under and over Payment

·     Automatic Payment Program

·     Practical Exercise

  Lecture -13 Accounts Receivables
Live Lecture 
·     Overview on Sales Process

·     Complete Customer Master Data

·     Define Account Groups with the Screen Layouts

·     Create Number Ranges to Customer Accounts

·     Assign Number Ranges to Customer Account Groups

·     Reconciliation Accounts

·     Create Customer Master Records

·     Document Types and Number Ranges

·     Posting Keys

·     Payment Terms

·     Posting of Sales Invoices

·     Incoming Receipt with Clearings

·     Display Customer Line Items

·     Display GL Account Balances

·     Special GL Transactions (Down Payments Received)

·     Posting of Down Payments (Advance Receipt)

·     Clearing of Down Payments

·     Customer Credit Memo

·     Dunning Procedure

·     Practical Exercise

  Lecture -14 Management of Account
Live Lecture 
·     Open Item Management

·     Types of Payments

·     Standard Payment

·     Partial Payment

·     Residual Payment

·     Practical Exercise

  Lecture -15 Taxes (GST)
Live Lecture 
·     Goods & Service Tax (GST) with Practical session

·     With Holding Tax (TDS)

·     Practical Exercise

  Lecture -16 Asset Accounting
Live Leture 
·     Overview on Asset Accounting

·     Depreciation Methods

·     Organizational Structures

·     Chart of Depreciation

·     Depreciation Areas

·     Account Determination

·     Screen Layout

·     Number Ranges

·     Functions of Asset Classes

·     Creation of GL Accounts

·     Assign GL Accounts

·     Calculation Methods

·     Depreciation Keys

·     Screen Layout for Asset Master Data

·     Asset Master Records

·     Sub Asset Master Records

·     Acquisition of Assets

·     Depreciation Run

·     Retirement of Assets

·     Transfer of Assets

·     Scrapping of Assets

·     Reports on Asset Accounting

·     Practical Exercise

  Lecture -17 Cash Journal
Live Lecture 
·     Cash Journal Configuration

·     Cash Journal Transaction

·     Practical Exercise

  Lecture -18 Closing Operations
Live Lecture 
·     GL Report

·     AR Report

·     AP Reports

·     AM Reports

·     Scheduler Manager

·     Practical Exercise

  Lecture -19 Integration with Other Modules
Live Lecture 
·     FI-MM

·     FI-SD

·     Practical Exercise

  Lecture -20 Controlling
Live Lecture 
·     General Controlling

·     Integration with FI

·     Budgeting

·     CO Enterprise structure

·     Cost And Revenue Element Accounting

·     Cost Center Accounting

·     Internal Orders

·     Profit Center Accounting

·     Product Costing

·     Profitability Analysis ( CO-PA)

·     Integration With the Other Modules

·     Practical Exercise

Frequently Asked Questions

Candidates with basic knowledge of accounting/ finance/ commerce can undergo SAP Finance and Controlling (FICO) Training.

The course offers a variety of online training options, including: • Live Virtual Classroom Training: Participate in real-time interactive sessions with instructors and peers. • 1:1 Doubt Resolution Sessions: Get personalized assistance and clarification on course-related queries. • Recorded Live Lectures*: Access recorded sessions for review or to catch up on missed classes. • Flexible Schedule: Enjoy the flexibility to learn at your own pace and according to your schedule.

Live Virtual Classroom Training allows you to attend instructor-led sessions in real-time through an online platform. You can interact with the instructor, ask questions, participate in discussions, and collaborate with fellow learners, simulating the experience of a traditional classroom setting from the comfort of your own space.

If you miss a live session, you can access recorded lectures* to review the content covered during the session. This allows you to catch up on any missed material at your own pace and ensures that you don't fall behind in your learning journey.

The course offers a flexible schedule, allowing you to learn at times that suit you best. Whether you have other commitments or prefer to study during specific hours, the course structure accommodates your needs, enabling you to balance your learning with other responsibilities effectively. *Note: Availability of recorded live lectures may vary depending on the course and training provider.