SAP FICO

Each section of SAP FICO consists of two parts: SAP Finance (CO). When it comes to financial accounting, SAP FI takes care of it all, whereas SAP CO focuses on cost planning and monitoring. As part of SAP ERP, SAP FICO is a critical component. SAP FICO's objective is to aid organizations in preparing financial reports. Financial data is required for reporting and analysis.

This course covers the basic structure of financial accounting in the SAP system. After the completion of the course the participant will be able to perform essential functions in Financial accounting and controlling. The course includes all the configuration, Support and end user activities.

Syllabus:

• Introduction:
• Introduction to ERP
• Introduction to SAP
• Part 1: Enterprise Structure:
• Definition of company
• Definition of company code
• Assignment of company to company code
• Definition of business area
• Part 2: Financial Accounting Basic Settings
• Definition of fiscal year variant
• Assignment of fiscal year variant to company code
• Definition of posting period variant
• Assignment of posting period variant to company code
• Open and close posting period
• Maintenance of field status variants
• Assignment of field status variant to company code
• Creation of chart of Accounts
• Defining Accounts Groups
• Defining Retained Earnings Account
• Definition of tolerance groups for GL accounts
• Definition of tolerance groups for employees
• Assignment of tolerance groups to users
• Taxes on Sales & Purchases (input & output)
• Defining document type & number ranges
• and more