SAP FICO (Financial Accounting and Controlling)

The SAP FICO (Financial Accounting and Controlling) module is a core component of the SAP ERP system, focusing on managing financial accounting and controlling processes. It enables businesses to effectively manage financial transactions, control costs, and generate accurate financial reports.

SAP FICO is widely used across industries to enhance financial management, streamline accounting processes, and support strategic decision-making.

Course Objectives: 

• The SAP FICO course offered by our institute aims to provide participants with a comprehensive understanding of the module, enabling them to perform various financial accounting and controlling tasks. By the end of the course, participants will:
• Understand the role and significance of the SAP FICO module in financial accounting and controlling processes.
• Learn how to configure and customize SAP FICO to meet specific business requirements.
• Gain hands-on experience in essential financial accounting functions, such as general ledger accounting, accounts payable, accounts receivable, and asset accounting.
• Develop cost element accounting, cost center accounting, internal orders, and profitability analysis skills.
• Gain insights into integration points between SAP FICO and other modules, such as Sales and Distribution (SD) and Material Management (MM).
• Acquire knowledge of advanced topics like financial reporting, financial planning, and business analytics.

Course Curriculum:

• Introduction to SAP FICO:
• Overview of SAP ERP and the role of SAP FICO in financial accounting and controlling processes.
• Understanding the organizational structure and master data elements used in SAP FICO.
• Navigating the SAP FICO module and exploring its user interface.
• General Ledger Accounting:
• Chart of accounts creation and maintenance.
• Posting journal entries, document parking, and document reversal.
• Performing general ledger reporting and analysis.
• Accounts Payable (AP) Management:
• Vendor master data management and maintenance.
• Invoice posting, credit memos, and payment processing.
• Performing AP reporting and reconciliation.
• Accounts Receivable (AR) Management:
• Customer master data management and maintenance.
• Invoice creation, credit management, and dunning process.
• Performing AR reporting and reconciliation.
• Asset Accounting:
• Fixed asset master data management and maintenance.
• Asset acquisition, depreciation calculation, and retirement.
• Performing asset accounting reporting and analysis.
• Cost Element Accounting:
• Understanding cost elements and cost element groups.
• Managing primary and secondary cost elements.
• Performing cost element reporting and analysis.
• Cost Center Accounting:
• Cost center creation, planning, and budgeting.
• Cost allocation, assessment, and distribution.
• Performing cost center reporting and analysis.
• Internal Orders:
• Internal order creation, planning, and settlement.
• Tracking costs and activities related to specific projects or events.
• Performing internal order reporting and analysis.
• Profitability Analysis:
• Understanding profitability analysis methods, such as cost-based and account-based.
• Performing profitability analysis for products, customers, and business segments.
• Analyzing profitability reports and conducting profitability simulations.
• Integration with Other SAP Modules:
• Integration points between SAP FICO and other modules like SD, MM, and Controlling (CO).
• Interactions and data flow between modules during various financial processes.
• Understanding the impact of FICO processes on other functional areas.
• Advanced Topics:
• Financial reporting using SAP FICO.
• Financial planning and budgeting.
• Business analytics and decision support using SAP FICO.

Note: This is Not the detailed Curriculum, for all the Detail contact our counselor.

Eligibility:

• To enroll in the SAP FICO course, participants should meet the following eligibility criteria:
• Educational Background:
• Graduates in commerce, accounting, finance, or related disciplines (e.g., BCom, BBA, MCom).
• Postgraduates in finance, business administration, or related fields (e.g., MBA, MFC).
• Diploma holders in accounting or relevant fields.
• Work Experience:
• No specific work experience is required for the SAP FICO course. However, prior experience in accounting or finance can be beneficial.
• Basic Computer Skills:
• Proficiency in using computers and familiarity with business applications is necessary.
• Knowledge of Microsoft Office tools (such as Word, Excel, and PowerPoint) is preferred.