SAP FICO

SAP FICO (Financial Accounting and Controlling) is a key module in SAP ERP, designed to manage and streamline financial processes and operations in organizations. It integrates FI (Financial Accounting) and CO (Controlling), offering a comprehensive solution for financial data management, reporting, and control.

• Real-time financial processing: Provides instant updates and insights into the company's financial health.
• Integration: Fully integrated with other SAP modules like MM (Materials Management), SD (Sales and Distribution), and PP (Production Planning).
• Global Financial Management: Enables multi-currency, multi-language, and multi-national financial processes, adhering to international financial standards.
• Regulatory Compliance: Helps organizations stay compliant with local and international accounting standards and regulations.

The SAP FICO course from Techmaax, with a 2-month duration, offers an in-depth exploration of both Financial Accounting (FI) and Controlling (CO) modules.

Designed to equip learners with practical knowledge, this course includes hands-on sessions to ensure real-time experience in managing financial processes, reporting, and controlling tasks within SAP.

Through expert guidance and structured learning, you will gain the skills required to master SAP FICO, making this course ideal for those looking to advance their careers in financial and controlling operations.

Curriculum:

• 1. Enterprise Structure:
• Creation of Company
• Creation of Company Code
• Assign Company to Company Code
• Creation of Business Area
• Assignment of Business Area to Consolidation Business Area
• 2. Financial Accounting
• Maintain Fiscal Year Variant
• Assign Fiscal Year Variant to Company Code
• Define and Assign Posting Periods
• Open and Close Posting Periods
• Define Tolerance Group for Employees
• 3. General Ledger
• Define Chart of Accounts
• Assign Company Code to Chart of Accounts
• Define Account Group
• Define Retained Earnings Account
• Ledger Creation, Recurring Document, Sample Document
• 4. Accounts Receivable
• Creation of Customer Account Group
• Creation of Number Ranges for Customer Account Group
• Assign Number Ranges to Customer Account Group
• Creation of Tolerance Group for Customers
• Down Payment Process of Customers
• Dunning Procedure Creation and Execution
• 5. Accounts Payable
• Creation of Vendor Account Groups
• Creation of Number Range for Vendor Account Groups
• Creation of Tolerance Group for Vendors
• Vendor Invoices and Related Transactions
• Down Payment Process for Vendors
• Discount and Payment Terms
• 6. Bank Accounting
• Creation of Bank Ledgers and Accounts
• Cheque Lots Creation and Transactions
• Bank Reconciliation
• Cash Journal
• 7. Automatic Payment Program
• 8. Withholding Tax
• Creation of Bank Ledgers and Accounts
• Cheque Lots Creation and Transactions
• Bank Reconciliation
• Cash Journal
• 9. GST (Goods and Services Tax)
• Creation of Tax Ledgers
• Defining Condition Types, Accounting Keys, and Tax Procedure
• Assigning Ledgers with Accounting Keys
• Creation of Tax Codes
• 10. Asset Accounting
• Chart of Depreciation, Asset Classes, and Number Ranges
• Integration with G/L Accounting
• Assign G/L Accounts
• Creation of Asset Master Data and Related Transactions
• 11. Financial Statements