SAP FICO

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What is SAP FICO?

SAP FICO is a module in SAP ERP which deals with Financial Accounting (FI) and Cost Controlling (CO). SAP FICO is a core functional component in SAP ERP Central Component that allows an organization to manage all its financial data. SAP FICO is easy to learn for anyone who has interest to scale up their career as an IT engineer. You will design, implement and deploy SAP solutions to achieve defined business goals. Over the years, the need for SAP FICO experts has been consistent. There is a growing demand for the consultant in the future as well.

VED Technologies offers 100% Job oriented training which is carefully designed by the industry experts and SAP certified real-time lead consultants to help the students to acquire in depth knowledge from basic to advanced topics. This will help them to crack the interviews and be confident in their jobs after the completion of this Course.

Who can do this Course?

Bachelors or a Master’s degree in any domain from a reputed institute. Anyone who is seriously interested and excited to scale up their professional life can make a career in SAP. Even though this is a best course for the one from Accounting background like BBA, BBM, BCom, MBA,CA, we have a successful track record of our students from technical background like B-Tech, BCA, BSc are placed in top MNC’s with our specially designed Job Oriented SAP FICO Training designed by our highly experienced trainers from real time world.

Curriculum

Unit -1 - SAP FICO : Introduction
  • Introduction to ERP
  • ASAP Methodology & Agile Methodology
  • Introduction to SAP ECC & SAP S/4 HANA
  • Overview of Functional & Technical Modules
  • Sub Modules of SAP FI&CO
  • Introduction to G/L(New G/L),AP, AR,AA
  • Introduction to Controlling and Management Accounting
  • Integration of FI-MM & FI-SD
  • System Landscape & Change Movement process
  • Creation of Transport Request
  • S/4 HANA Table changes
  • Universal Journal – ACDOCA – Single Source of Truth
Unit - 2 - Enterprise Structure
Introduction to SAP FICO
Organizational Units
Creation of Company, Company Code, Business Area, Functional Area, Credit Control Area
FM Area, Consolidated Business Area
Assignment of Organizations units
Unit - 3 - Financial Accounting Global Settings
  • Define Fiscal Year Variant, Short-end fiscal year
  • Assignment of fiscal year variant to company code
  • Define Posting Period Variant
  • Assignment of posting period variant to company code
  • Open and close FI posting period
  • Define document type & number range
  • Maintain Field Status Variant
  • Assignment of field status variant to company code
Unit - 3 - Financial Accounting Global Settings
  • Define Fiscal Year Variant, Short-end fiscal year
  • Assignment of fiscal year variant to company code
  • Define Posting Period Variant
  • Assignment of posting period variant to company code
  • Open and close FI posting period
  • Define document type & number range
  • Maintain Field Status Variant
  • Assignment of field status variant to company code
  • Define GL Tolerance & User Tolerance
  • Define Customer/Vendor Tolerance
Unit - 4 - General Ledger
  • Chart of Accounts and assignment to company code, changes in HANA
  • Account Groups and screen layout
  • Define Retained Earnings Account
  • General Ledger Master records and Account Types
  • Document Splitting
  • Leading, Extension ledgers, simulation ledgers, and Non-Leading Ledger
  • Posting a Document to our General Ledger Journal
  • General Ledger Postings ACDOCA table
  • Document display and account display
  • Park Document, Hold Document
  • Sample Document and Recurring Document
  • Month-end Provisions-Accrual/Deferral
  • Documents and Open Item Management
  • Standard Payment, Partial Payment, and Residual items method
  • Define void reason codes
  • Reversal of documents-types of reversals
  • Foreign Currency Exchange rate types creation
  • Foreign Currency translation ratio creation
  • Maintenance of Exchange rates in Forex table
  • Foreign Currency Postings
  • Revaluation of Foreign currency Balances
  • FCV with Simulation ledgers
  • Balance Interests Calculations
  • Cash Journal
Unit - 5 - Accounts Payable (P2P Cycle)
  • Creation of vendor account groups with Screen Layouts and BP Groups
  • Creation of number ranges for vendor master records and BP settings
  • Assignment of number ranges to vendor account groups
  • Creation of tolerance group for vendors
  • Creation of vendor master and Business Partner
  • Posting of vendor transactions (invoice posting, payment posting, credit memo)
  • Partial and Residual Payments Postings
  • Settings for advance payments to parties (down payment) and clearing of down payment against invoices (special GL transactions)
  • Outgoing Payment with Clearing
  • Advance Payment Postings
  • Clearing of Advance against Purchases
  • Define Terms of Payment
  • Automatic Payment Program (APP) with Block, Changing House Bank, Special GL, with different Payment Terms. APP in depth Scenarios – Free selection, blocking, tolerance keys, maximum cash discount, down payments, partial payments.
  • Payment process using DME
  • Cash Discounts
  • Discount with Instalment Payment – Partial and Residual
  • Discount with Main Terms of Payments and Instalment Terms of Payments
  • Open Item Due Date Analysis
  • Vendor Foreign Currency Postings
  • Foreign Vendor Revaluation
Unit - 6 - House Bank Concept
  • House Bank Creation
  • Vendor Payment with Check Process Flow
  • Vendor Payment-Issued Check Cancellation Process
  • EBS-Electronic Bank Reconciliation and execution MT940
  • Cash Journal
Unit - 7 - Accounts Receivable (O2C Cycle)
  • Creation of customer account groups with Screen Layouts and BP groups
  • Creation of number ranges for customer master records and BP settings
  • Assignment of number ranges for customer account groups
  • Creation of tolerance group for customers
  • Creation of customer master with BP (display/change/block/unblock of vender master)
  • Dunning Procedure
  • Execute with Dunning with block, interest, charges.
  • Bill Discounting Transactions
  • Sales Invoice Posting
  • Display Customer Account Balances
  • Incoming Receipt with Clearing
  • Advance Receipt Postings
  • Clearing of Advances against Sales
  • Item Interest Calculation & Bad debts
Unit - 8 - Asset Accounting in SAP FICO
  • Defining chart of depreciation
  • Assignment of the chart of depreciation to company code
  • Book Depreciation and Tax
  • Depreciation areas.
  • Defining account determination
  • Definition of screen layout rules
  • Definition of number ranges for asset classes
  • Integration with General Ledger & Posting rules
  • Defining Depreciation key
  • Definition of multilevel methods
  • Definition of period control methods
  • Creation of main asset master records
  • Creation of sub-asset master records
  • Acquisition of fixed assets with new posting logic
  • Acquisition with Automatic Off-Setting Entry
  • Acquisition within House Production
  • Sale of fixed assets & Transfer of assets
  • Scrapping of assets
  • Depreciation run with multiple ledgers and multiple currencies
  • Depreciation with Smoothing
  • Line item Settlement of assets under construction of capital work in progress
  • Asset History Sheet
  • Internal Order to AUC Settlement
  • Old Asset data transfer & Asset revaluation
Unit - 9 - Reports
  • Financial statement version
  • General Ledger, Accounts Payable, Accounts Receivable, and Assets Reports
Unit - 10 - FI- MM Integration and Vendor Invoice Posting
  • Define Tolerance Groups for Purchase Orders
  • Define Tolerance groups for purchase orders
  • Define Tolerance groups for goods receipt
  • Define Tolerance groups for invoice verification
  • Create Material Master Record
  • Maintenance of parameters for invoice verification
  • Maintenance of Plant parameters for inventory management and physical inventory
  • Define attributes for material types
  • Assignment of GL accounts for material transactions in SAP FICO
  • Material Price Control- Moving average & standard price
  • GR/IR clearing -F.13
  • Purchase Order Creation
  • Goods Receipt
  • Invoice Postings & Vendor payments
Unit - 11 - FI - SD Integration and Customer Sales Billing
  • Assignment among various organisational units in SD
  • Definition of partner functions
  • Definition of the shipping point and loading points
  • Define pricing procedures
  • Maintenance of SD condition Type
  • Maintenance of condition records
  • Assignment of GL accounts for sales transactions
  • SD pricing procedure
  • Accounts Receivables
  • Sales Order
  • Outbound Delivery
  • Sales Invoice & Collection
Unit - 12 - Closing Procedure as FICO Consultants
  • Balance Carry Forward of GL Accounts
  • AP & AR Balance Carry Forward
  • Assets Balance Carry Forward
  • Change Open Item Management
  • Intercompany Transactions
  • Vendor Is Customer Scenario
  • Fiori Apps – Data Entry
  • Data Model in HANA
Unit - 13 - Data Migration - LSMW
  • Balance Carry Forward of GL Accounts
  • AP & AR Balance Carry Forward
  • Assets Balance Carry Forward
  • Change Open Item Management
  • Intercompany Transactions
  • Vendor Is Customer Scenario
  • Fiori Apps – Data Entry
  • Data Model in HANA
Unit - 14 - General Controlling (as part of SAP FICO Training)
  • Organization structure in Controlling
  • Controlling Area- Version
  • CO Number Range
Unit - 15 - Cost Center Accounting
  • Master Data
  • Activity Types
  • Statistical Key Figures
  • Cost Center Categories
  • Posting with Cost Object-Cost Center
  • Period End Closing Activities
  • Reposting of Cost from Cost Center to Cost Center
  • Distribution Method
  • Period End Reposting
  • Assessment Allocation
  • Activity Allocation
Unit - 16 - Internal Order Accounting
  • Internal Order Types
  • Internal Order Master Data
  • Cost Posting with Internal Order
  • Period End Closing Activities
  • Settlement Profile
  • Allocation Structure
  • Maintain Settlement Rule
  • Execute Settlement
Unit - 17 - Profit Center Accounting in SAP FICO
  • Basic Settings
  • Master Data
  • Planning
  • Actual Posting
Unit - 18 - Product Cost planning
  • Costing Variant for Standard Cost Estimate
  • Valuation Variant
  • Costing Type
  • Date Control
  • Quantity Structure Control
  • Settings Required from MM & PP
  • Automatic Account Assignment
  • Maintain Master Data for Standard Cost Estimate
  • BOM Creation
  • Work Center Creation
  • Routing Creation
  • Maintain Quantity Structure
  • Run standard Cost Estimate
  • Mark & Release Standard Cost Estimate
Unit - 19 - Margin Analysis (CO-PA)
  • Overview of Profitability Analysis
  • Account-Based COPA VS Costing Based COPA
  • Profitability Analysis VS Profit centre Accounting
  • Marginal Analysis
  • Data Flow to COPA from Sales Cycle
  • Data flow to COPA from Order Settlement
Unit - 20 - Business Process Migration
  • Preparation and Migration for General Ledger
  • Preparation and Migration for Asset Accounting
  • Preparation and Migration for Controlling-Margin Analysis
  • Migration of Cost Elements
  • Inconsistency Error Analysis
Unit - 21 - IDOC’s and Jobs in SAP
  • IDOC Creation and Errors and Processing
  • Jobs Creation and analysing Job run errors.
  • Concepts of ABAP module
  • Project class
Unit - 22 - Bonus Topics for Cracking the Job Interview
  • Resume Preparation
  • Group Interviews
  • 5 Mock Interview sessions with Trainer ( 1 to 1)
  • Job Placement assistance
  • Revision Sessions.