SAP FICO Training

SAP FICO is one of the most important modules in SAP, providing organizations with financial accounting and controlling functionalities.

At Softenant Technologies, our SAP FICO training in Vizag is designed to help you gain comprehensive knowledge in financial management and cost controlling using SAP.

Whether you are a beginner or a finance professional looking to enhance your skills, our course offers hands-on experience and real-world applications in SAP FICO.

• Expert Instructors: Learn from certified SAP FICO professionals with extensive experience in financial accounting and controlling.
• Comprehensive Curriculum: Our course covers everything from financial accounting basics to advanced controlling techniques in SAP FICO.
• Hands-On Projects: Work on real-world projects that provide practical experience in managing financial processes with SAP FICO.
• Small Batch Sizes: We ensure personalized attention with limited batch sizes for effective learning.
• Flexible Schedules: Choose from weekday and weekend batches to suit your availability.

Comprehensive SAP FICO Course Content at Softenant Technologies:

• 1. Introduction to SAP FICO
• SAP FICO stands for Financial Accounting and Controlling, a key module in SAP for managing financial transactions. In this module, you’ll learn the basics of SAP FICO, its architecture, and the importance of financial management in business operations.
• Overview of SAP FICO Module and Its Applications
• Understanding Financial Accounting and Controlling in SAP
• Navigating the SAP FICO Interface and User Experience
• Setting Up the SAP FICO Environment
• 2. General Ledger Accounting (GL)
• The General Ledger is the backbone of financial accounting in SAP. You’ll learn how to manage GL accounts, post financial transactions, and generate financial statements using SAP FICO.
• Introduction to General Ledger Accounting
• Setting Up Chart of Accounts and GL Master Data
• Posting Journal Entries and Managing Financial Transactions
• Generating Financial Statements and Reports
• 3. Accounts Payable (AP) and Accounts Receivable (AR)
• Accounts Payable and Receivable are crucial components of financial management. You’ll learn how to manage vendor payments, customer invoices, and perform reconciliation using SAP FICO.
• Managing Vendor and Customer Master Data
• Processing Invoices, Payments, and Credit Memos
• Handling Automatic Payment Programs (APP)
• Reconciliation and Reporting in AP and AR
• 4. Asset Accounting
• Asset Accounting in SAP FICO helps track and manage fixed assets within an organization. You’ll learn how to configure and manage asset master data, perform depreciation, and generate asset reports.
• Introduction to Asset Accounting
• Configuring Asset Master Data and Depreciation Areas
• Asset Acquisitions, Retirements, and Transfers
• Running Depreciation and Generating Asset Reports
• 5. Cost Center and Profit Center Accounting
• Cost Centers and Profit Centers are essential for internal controlling in SAP FICO. You’ll learn how to define and manage cost centers, allocate costs, and analyze profitability using SAP FICO.
• Understanding Cost Center Accounting
• Configuring Profit Centers and Segments
• Cost Allocations and Distributions
• Profitability Analysis and Reporting
• 6. Internal Orders and Controlling
• Internal Orders are used for monitoring costs related to specific projects or initiatives. You’ll learn how to set up internal orders, track costs, and manage controlling activities within SAP FICO.
• Introduction to Internal Orders and Their Usage
• Configuring Internal Orders and Master Data
• Tracking Costs and Allocations to Internal Orders
• Reporting and Analysis of Internal Orders
• 7. Integration with Other SAP Modules
• SAP FICO integrates with other SAP modules like MM, SD, and HR for seamless financial management. You’ll learn how to handle cross-module transactions and data flow within SAP.
• Integrating SAP FICO with SAP MM, SD, and HR
• Managing Cross-Module Transactions and Data Flow
• Handling Automatic Postings and Accounting Entries
• Ensuring Data Consistency and Accuracy Across Modules
• 8. SAP FICO Reporting and Analysis
• Effective reporting is crucial for financial management. You’ll learn how to generate detailed financial reports, perform variance analysis, and present insights using SAP FICO reporting tools.
• Generating Financial Statements and Custom Reports
• Variance Analysis and Financial KPIs
• Using SAP FICO Reporting Tools (Report Painter, Drilldown Reporting)
• Customizing Reports for Business Needs
• 9. Real-World SAP FICO Projects and Case Studies
• Apply your knowledge by working on hands-on projects that reflect real-world financial challenges. You’ll work on configuring financial processes and performing controlling activities using SAP FICO.
• Configuring a General Ledger System
• Managing Accounts Payable and Receivable Processes
• Implementing Asset Accounting for a Company
• Performing Profitability Analysis and Reporting
• 10. Final Project and SAP FICO Portfolio Building
• To complete the course, you’ll work on a capstone project where you apply everything you’ve learned. This project will be a comprehensive SAP FICO solution that you can showcase in your portfolio. We’ll provide guidance on how to present your work to potential employers.
• Planning and Designing Your Final Project
• Implementing Best Practices in SAP FICO Configuration
• Publishing Your Project and Sharing Results
• Building a Professional SAP FICO Portfolio