What is SAP Finance and Controlling (FICO) Training?
The SAP FICO Training is designed to provide Learners with in-depth knowledge of SAP's financial accounting (FI) and controlling (CO) modules. This course covers the configuration, implementation, and management of financial processes, enabling professionals to streamline organisational operations and ensure compliance with financial standards.
Learners will gain hands-on experience with SAP FICO tools for managing financial transactions, generating reports, and analysing costs. The course focuses on real-world applications, empowering learners to integrate SAP FICO solutions effectively within their organisations.
This comprehensive 5-day SAP FICO Training Course by Oakwood International equips Learners with the skills to manage financial and cost-controlling tasks proficiently, enhancing their career prospects in finance and accounting roles.
Course Objectives
Understand the fundamentals of SAP FICO and its role in enterprise resource planning
Learn how to configure and implement the FI and CO modules
Manage general ledger, accounts receivable, and accounts payable processes
Gain expertise in cost element, cost centre, and profit centre accounting
Analyse financial data and generate comprehensive reports
Understand integration points between SAP FICO and other SAP modules
Develop skills to handle real-time financial and cost-controlling scenarios
Upon completion, Learners will have the skills to use SAP FICO to optimise financial and cost-controlling operations, making them valuable assets in any organisation.
Course Outline
SAP Finance and Controlling (FICO) Training
Module 1: Introduction to SAP S/4
Overview of ERP Systems
Advantages of SAP S/4 Over Other ERP Systems
Introduction to SAP S/4 FICO
SAP S/4 Architecture
Multi-Tenant Landscape
Managing Transport Requests
SAP S/4 Message Types
4 C’s in SAP S/4 Implementation
Module 2: Financial Accounting Basic Settings
Configuring Companies
Assignment of Company Code
Business Area Configuration
Chart of Accounts Setup Specific to S/4
Account Group Configurations
Retained Earnings Account Management
Fiscal Year Variants Specific to S/4
Field Status Variants and Their Allocation
Tolerance Groups for GL Accounts and Employees
Document Types and Posting Period Variants
Setting Global Parameters
Module 3: General Ledger Accounting
G/L Account Operations (Display, Change, Block, Unblock)
Document Entry and Posting (FB50, FB01)
Generating G/L Account Balances and Line Items
Handling Parked and Hold Documents
Steps for Creating and Posting with Sample Documents
Document Reversal Techniques: Individual and Mass Reversal
Managing Accrual and Deferral Documents
Exchange Rate and Currency Translation
Clearing Types (Standard, Partial, Residual)
G/L Account Posting and Tolerance Configurations
Module 4: Accounts Payable
Creating Vendor Account Groups
Setting Number Ranges for Vendor Master Records
Developing Tolerance Groups for Vendors
Vendor Master Data Creation and Management
Payment Terms and Cash Discounts Configurations
Automating Payment Program Settings
Managing House Banks and Payment Transactions
Check Management and Payment Advices
Module 5: Accounts Receivable
Customer Account Group Settings
Number Ranges for Customer Master Records
Customer Master Data Management (XD01/FD01/VD01)
Dunning and Cash Discount Configurations
Automated Payment Program for Customers
Module 6: Bank Accounting
Configuring Electronic Bank Statements (EBS)
Cash Journal Management
Bank Account Operations
Module 7: Asset Accounting
Asset Accounting Configuration and Management
Depreciation Settings and Calculations
Asset Transactions and Year-End Activities
Module 8: New General Ledger Accounting
Implementing Parallel Ledgers
Document Splitting Techniques
Module 9: Financial Reporting
Financial Statement Version (FSV) Configuration
Module 10: Basic Settings for Controlling
Definition of Controlling Area
Number Ranges and Plan Versions for Controlling Area
Module 11: Cost Element Accounting
Creating Primary and Secondary Cost Elements
Automatic and Manual Creation of Cost Elements
Management of Cost Element Master Records
Module 12: Cost Center Accounting
Setting up Cost Centers and Cost Center Groups
Hierarchical Structures and Planning for Cost Centers
Module 13: Period-End Activities
Managing Statistical Key Figures
Assessment and Distribution Cycles
Periodic Reposting
Module 14: Internal Orders
Order Types and Creation of Internal Orders
Internal Order Master Data Management
Variance Analysis and Settlement Profiles
Module 15: Profit Center Accounting
Creation and Management of Profit Centers
Defining Control Parameters and Planning Versions
Document Settings for Profit Center Accounting
Module 16: Profitability Analysis
Configuration of Operating Concern
Mapping SD Conditions to Copa Value Fields
Analysis of Profitability Segments
Module 17: Product Cost Planning
Material Costing, Bill of Materials, and Routing
Creating and Managing Cost Estimates
Using Costing Variants for Product Costing
Module 18: Financial Accounting with Materials Management
Integration with Organisational Units in MM
Vendor and Purchasing Configurations
Invoice Verification and Goods Receipt Processes
Module 19: Financial Accounting with Sales and Distribution
Integration with SD Organizational Structures
Pricing and Billing Configuration
Order to Cash Process
Module 20: Validations and Substitutions
Configuration for Document Level and Line Item Level
Using Sets for Validation and Substitution Rules
Module 21: Taxation
Configuring Input and Output Taxes
Tax Calculation Procedures
Module 22: Year-End and Month-End Closing
GL Account Balance Carry Forwards
Managing Special Period Posting
Module 23: Trading Partner Configuration
Setup and Reporting with Trading Partners
Configuring Intercompany Transactions
Module 24: Mass Maintenance
Tools and Processes for Changing Multiple Master Data Entries
Using Mass Change Options Effectively
Included
Included
- No course includes are available.
Offered In This Course:
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Video Content
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eLearning Materials
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Study Resources
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Completion Certificate
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Tutor Support
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Interactive Quizzes
Learning Options
Discover a range of flexible learning options designed to meet your needs. Select the format that best supports your personal growth and goals.
Online Instructor-Led Training
- Live virtual classes led by experienced trainers, offering real-time interaction and guidance for optimal learning outcomes.
Online Self-Paced Training
- Flexible learning at your own pace, with access to comprehensive course materials and resources available anytime, anywhere.
Build your future with Oakwood International
We empower you with the skills, knowledge, and confidence to excel in your career. Join us and take the first step towards realising your professional goals.
Frequently Asked Questions
Q. What topics are covered in the SAP FICO Training?
The course covers SAP FICO fundamentals, financial accounting, cost controlling, integration with other modules, reporting, and certification preparation.
Q. How can this training benefit my career?
SAP FICO expertise is in high demand across industries. This training enhances your ability to manage financial and cost-controlling processes, boosting your career prospects.
Q. Is SAP FICO suitable only for large organisations?
No, SAP FICO is adaptable and can be implemented in
organisations of all sizes, making it versatile for various industries.
Q. What support is provided during the training?
Learners receive comprehensive study materials, hands-on
exercises, and expert instructor support to ensure practical understanding and
application.
Q. Is this course suitable for beginners?
Yes, the course is designed for professionals at all levels. It
starts with foundational concepts and progresses to advanced techniques.