SAP FICO

The SAP FICO (Financial Accounting and Controlling) course is designed to provide students with comprehensive knowledge of SAP’s Financial Accounting (FI) and Controlling (CO) modules, enabling them to manage financial transactions, internal accounting, and reporting processes efficiently.

SAP FICO is a crucial module in SAP ERP systems, widely used by organizations to manage financial data and perform financial and cost controlling activities.

This course is ideal for financial professionals, accountants, consultants, and students looking to build expertise in SAP’s financial and controlling functions. It covers both the fundamental concepts and advanced topics of SAP FICO, from basic configuration to real-world applications, and prepares students for certification exams and professional roles.

Course Objectives:

• Understand the structure and functionality of SAP FI and CO modules.
• Configure and implement the SAP FICO system for financial operations.
• Manage financial accounting processes such as accounts payable, receivable, asset accounting, and general ledger.
• Perform controlling functions, including cost center accounting, internal orders, and profitability analysis.
• Generate financial reports and ensure regulatory compliance.
• Integrate SAP FICO with other SAP modules like MM (Materials Management) and SD (Sales and Distribution).

Curriculum:

• Module 1: Introduction to SAP ERP and SAP FICO
• Overview of SAP ERP and its modules.
• Introduction to SAP FICO and its sub-modules (FI and CO).
• SAP navigation and interface.
• Understanding the organizational structure in SAP (company codes, business areas, etc.).
• Financial Accounting (FI) Module
• Module 2: General Ledger (G/L) Accounting
• Overview of G/L accounting in SAP.
• Setting up chart of accounts and company codes.
• G/L master data configuration and management.
• Posting and clearing G/L entries.
• Reconciliation accounts and integration with sub-ledgers.
• Module 3: Accounts Payable (AP)
• Overview of accounts payable processes.
• Vendor master data creation and management.
• Posting vendor invoices, debit/credit memos.
• Automatic payment program configuration.
• Vendor payment processing and reporting.
• Module 4: Accounts Receivable (AR)
• Overview of accounts receivable processes.
• Customer master data creation and management.
• Posting customer invoices, receipts, and adjustments.
• Dunning and credit management.
• Integration with SD for invoice generation.
• Module 5: Asset Accounting (AA)
• Overview of asset accounting.
• Asset master data creation and configuration.
• Acquisition, depreciation, and retirement of assets.
• Asset reporting and integration with other modules.
• Module 6: Bank Accounting
• Configuring house banks and bank accounts.
• Cash management and liquidity forecasting.
• Manual and automatic bank statement processing.
• Payment processing through banks.
• Module 7: Financial Statements and Reporting
• Preparation of financial statements (balance sheet, P&L statement).
• Generating financial reports in SAP.
• Month-end and year-end closing activities.
• Integration with other modules for financial reporting.
• and more