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SAP Finance & Controlling (FICO)

Transform into a Data-Driven Marketer in 10 Weeks with SAP Finance & Controlling (FICO) : Learn Strategies from Experts Behind Over 1000+ Crores in Ads Spend

  • 10 Weeks
  • Live Included
Free Consultation

Trusted by world's biggest organizations

Who is it for?

SAP FI End users

ACCA Qualified professionals

Project team members

Accountants

Project team members

Aspiring SAP FICO Consultants

SAP Finance & Controlling (FICO)

SAP Finance and Controlling (SAP FI) is based on pure accounting principles which provides core accounting and reporting capabilities and ensures the most up-to-date balances and reporting accuracy through complete integration between the General Ledger (GL) and the Accounts Receivable (AR) and Accounts Payable (AP) and Asset Accounts (AA). Its flexible configure as per country specific standards of Reporting, Tax and Depreciation

The SAP FI module is the Core Module in SAP ERP it integrates with other modules such as Controlling, Sales and Distribution, Purchasing and Materials Management and Human Resources. Document transactions occurring within these modules generate account postings via account determination tables. Reports of this Modules are used for an external purpose such as Balance sheet and Profit and Loss of each financial year.

What you will learn?

  • Understanding of what is ERP Systems
  • Introduction to SAP
  • Defining company
  • Configuring company code
  • Defining business area
  • Assigning company code to company
  • Maintaining fiscal year variant
  • Assigning fiscal year variant to company code
  • Defining posting periods
  • Defining open and close posting periods
  • Assigning variant to company code
  • Document types and Parameters
  • Defining document number range
  • Defining field status variant
  • Assigning field status variant to company code
  • Defining tolerance groups for employees
  • Defining chart of accounts
  • Assigning chart of accounts to company code
  • Defining account groups
  • Defining retained earnings account
  • Maintain Field status variant for General ledger
  • Creating GL accounts
  • Set up Tolerance for postings
    Postings
  • Park/Hold the document
  • Reversal entries
  • Document change control
  • Field validation for Groups
  • Creating number groups
  • Creating number ranges
  • Assigning number ranges to customer groups
  • Creating customer
  • Change customer details
  • Display customer details and Balances
  • Raising sales invoice
  • Incoming payments
  • Cash discounts
  • Down payment
  • Bank Guarantee
  • Interest calculation
  • Credit memo
  • Dunning procedure and executing dunning run
  • Creating vendor groups
  • Creating vendor ranges
  • Creating ranges to vendor groups
  • Creating vendor
  • Change Vendor details
  • Display Vendor and Balance
  • Display customer details and Balances
  • Raising vendor invoice
  • Outgoing payments
  • APP (Automatic Payment Programme)
  • Cash discounts/Terms of Payment
  • Interest calculation
  • Down payment
  • Bank Guarantee
  • Debit memo
  • Creating house bank
  • Configuring petty cash journal
  • Configuring automatic payment to vendors
  • Exchange Rate Difference General Ledger for Foreign currency document posting
  • SAP Netweaver with Currency setting
  • Currency translation ratio
  • Defining, changing, and maintaining exchange rate ratios
  • Overview of realized and unrealized profit and loss
  • Copying chart of depreciation
  • Assigning chart of depreciation to company code
  • Specify account determination
  • Create screen layout rules
  • Creating asset classes
  • Depreciation area and use of Depreciation area
  • Creating asset classes
  • Maintain asset master records (Create /Change /Display)
  • Acquisition of asset
  • Running depreciation
  • Manual depreciation and unplanned depreciation
  • Retirement of asset
  • Transfer of asset INTA and INTERNAL
  • Scraping of an asset
  • Depreciation postings
  • Reports on asset accounting
  • Asset Explorer
  • Define country tax procedure
  • Define calculation procedure
  • Assign calculation procedure
  • Base amount settings
  • Exempt tax codes and reasons for the same
  • Creating GL accounts of input tax, output tax, and sales tax
  • Configuration for tax calculation postings
  • Exchange Rate Difference General Ledger for Foreign currency document posting
  • SAP Netweaver with Currency setting
  • Currency translation ratio
  • Defining, changing, and maintaining exchange rate ratios
  • Overview of realized and unrealized profit and loss
  • Copying chart of depreciation
  • Assigning chart of depreciation to company code
  • Specify account determination
  • Create screen layout rules
  • Creating asset classes
  • Depreciation area and use of Depreciation area
  • Maintain asset master records (Create/Change/Display)
  • Acquisition of asset
  • Running depreciation
  • Manual depreciation and unplanned depreciation
  • Retirement of asset
  • Transfer of asset INTA and INTERNAL
  • Scraping of an asset
  • Depreciation postings
  • Reports on asset accounting
  • Asset Explorer
  • Configuring new GL
  • Document splitting (Active, Passive, and Zero Balance)
  • Configuring leading and non-leading ledger
  • Configuration of FSV (Financial Statement Version)
  • FSV and their use in company’s report on IFRS and GAAP both

General Controlling:

  • Maintaining control area settings
  • Assigning controlling area to Company code
  • Maintaining number ranges for controlling documents
  • Activating controlling indicators

Cost Element Accounting:

  • Creating various types of cost elements
  • Creating primary cost element
  • Creating secondary cost element
  • Automatic and Manual creation of cost elements

Cost Centre Accounting:

  • Creating cost centre hierarchy
  • Creating cost centre
  • Creating activity types
  • Reports of cost centres

Profit Centre Accounting:

  • Creating profit centre
  • Creating dummy profit centre
  • Creating profit centre hierarchy
  • Assigning profit centre to cost centre
  • Reports on profit centre

How does this program work?

Weekly Live Q&A and Guest Sessions

For expert insights and answers to all your questions

Collaborative Jamming and Networking Sessions

Share ideas and solve problems in weekly community sessions to build a strong network

On Demand Content

Because we understand that fitting live sessions into your daily schedules can be tough

Community for life

You’ll be made part of a community of like-minded people where you can network, share opportunities, and build relations.