SAP Fast Track Training - Financial & Controlling (FICO)

SAP FICO stands for SAP Finance and Controlling. SAP FICO helps organizations manage their financial data, generate balance sheets, and make decisions for corporate planning.

SAP(FICO) is the most demanded SAP skill worldwide.

With more than 10,000 jobs currently available worldwide FICO is the biggest job provider on the SAP job market. As we know, from Financial Accounting to Production Planning, there are many highly demanded SAP skills. FICO has been the top one in terms of SAP job openings.

The countries with the highest hiring demand in terms of SAP FICO Jobs are the United States, Germany, India, and the United Kingdom.

SAP Finance and Controlling(SAP FI) is based on pure accounting principles which provides core accounting and reporting capabilities and ensures the most up-to-date balances and reporting accuracy through complete integration between the General Ledger (GL) and the Accounts Receivable (AR) and Accounts Payable (AP) and Asset Accounts (AA). It has a flexible configuration as per country-specific standards of Reporting, Tax, and Depreciation.

The SAP FI module is the Core Module in SAP ERP it integrates with other modules such as Controlling, Sales and Distribution, Purchasing and Materials Management, and Human Resources. Document transactions occurring within these modules generate account postings via account determination tables. Reports of these Modules are used for external purposes such as Balance sheets and Profit and Loss of each financial year.

Syllabus:

• Introduction and Organizational Structure
• Financial accounting global settings
• General ledger accounting
• Accounts Receivable
• Accounts Payable
• Bank Accounts
• Tax
• Foreign Currency
• Asset Accounting
• New GL Accounts
• Financial Statement Versions
• General Controlling
• Cost Element Accounting - Controlling
• Cost Centre Accounting - Controlling
• Profit Centre Accounting - Controlling