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:

  • vedio Video Content
  • elearning eLearning Materials
  • exam Study Resources
  • certificate Completion Certificate
  • study Tutor Support
  • workbook Interactive Quizzes
Individual Training

Individual Training fosters personal growth, enhances professional skills, and builds confidence.

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Corporate Training

Corporate Training improves employee skills, increases productivity, and aligns teams with company objectives.

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.

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