SAP Finance and Controlling (FICO) Training

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Finance and Controlling (FICO) training, is an essential training for the finance professionals. FICO training covers the major aspects of FI (Financial Accounting) and CO (Controlling) required by organizations of varying sizes. During the training, the aspirants will learn how to integrate different modules of ERP for bringing financial automation by getting complete information on Accounts Receivable, Accounts Payable, General Ledger, Tax, etc. The participants get complete overview of controlling the flow of costs and revenues taking place, and analyzing the company’s performance for providing improved business process in terms of financial accounting and reporting.

At the end of the SAP FICO Training, you will inculcate the following skills:

  • Well aware of all the functional modules of ERP and SAP
  • Familiar with the navigation and other features of R/3 System
  • Define basic settings for the organizational units for finance
  • Work on Chart of Accounts, Retained Earnings Account and other General Ledger details
  • Define accounts for currency exchange rate differences
  • Prepare different types of accounting documents
  • Work on validations and substitutions for postings
  • Manage account payables and accounts receivables
  • Understand asset accounting, cash journal, and closing of operations
  • How to integrate FICO module with other ERP modules including, FI-MM, FI-SD, FI-HR
Target audience
  • Finance Consultants
  • Finance Managers
  • Accountants
  • Finance Professionals who understand and work on finance accounting
  • ERP Finance controlling professionals
  • Finance, CA and ICWA students
Prerequisites

Candidates with basic knowledge of accounting/ finance/ commerce can undergo SAP Finance and Controlling (FICO) Training.

Introduction

  • Introduction to ERP and SAP
  • Overview of Full Life Cycle
  • Overview of All Functional Modules

SAP Overview

  • History of SAP
  • Organization
  • Technology
  • Implementation Tools (Asap and Solution Manager)
  • System Landscape
  • Roles And Responsibilities of a Consultant
  • Types of Projects
  • Change Transport System

Navigation

  • Logging on to the R/3 System
  • Screen Elements
  • Creating Favorites
  • Adding Transaction to Favorites

Enterprise Structure

  • Company code
  • Company
  • Business Area
  • Functional area

Financial Accounting Basic Settings

  • Overview of Organizational Elements in Accounting
  • Organizational Units
  • Define and Assign Organizational Units for Finance: Ex: - Country, Regions,
  • Company, Company Codes, Business Areas, Functional Areas, etc.
  • Variant Principle
  • Fiscal Year and Posting Periods
  • Field Status Variants
  • Document types and Number Ranges
  • Posting Keys
  • Define Tolerance for GL Accounts and Employees
  • Global Parameters

General Ledger

  • Master Data Overview
  • Chart of Accounts
  • Types of Chart of Accounts
  • Define and Assign Chart of Accounts,
  • Define Account Groups and Screen Layout for GL Accounts,
  • Define Retained Earnings Account,
  • Creations of GL Accounts Master Records,
  • Postings, Display GL Account Balances and Document.

Currencies

  • Maintain Exchange Rates Maintain Table
  • Define Translation Ratios for Currency
  • Define Accounts for Exchange Rate Differences
  • Posting with Foreign Currency
  • Define Methods for Foreign Currency Valuation
  • Prepare Automatic Posting for foreign currency valuation
  • Revaluation of foreign currency balances

Accounting Documents

  • Parking Document
  • Holding Document
  • Reference Document
  • Recurring Document
  • Sample Document
  • Account Assignment Model
  • Fast Data Entry

Reversals

  • Individual Reversals
  • Mass Reversals
  • Reversals of Reversals
  • Cleared item Reversals

Bank Accounting

  • Define House Banks with Bank Accounts
  • Creation of check number ranges for check lot
  • Define void reason codes
  • Issue of a check
  • Manual payment
  • Cancellation of issue check with reason codes
  • Check register

Validations and Substitutions

  • Validations and Substitution
  • Define Validation for posting
  • GL Posting to check Validation

Accounts Payables

  • Overview on Procurement Process
  • Overview on Vendor Master Data
  • Define Account Groups with Screen Layout
  • Define Number Ranges for Vendor Accounts
  • Assign Number Ranges to Vendor Account Groups
  • Reconciliation Accounts
  • GL Account Creation
  • Creation of Vendor Master Records
  • Vendor Document Types and Number Ranges
  • Posting Keys
  • Define Payment Terms
  • Define Tolerance for Vendors/Customers
  • Posting of Purchase Invoices
  • Display Vendor Line Items
  • Outgoing Payments
  • Vendor Clearings
  • Credit Memo Postings
  • Special GL Transactions (Down Payments Made)
  • Posting Down Payments
  • Clearing of Down Payments against Invoices
  • Reason Codes for under and over Payment
  • Automatic Payment Program

 Accounts Receivables

  • Overview on Sales Process
  • Complete Customer Master Data
  • Define Account Groups with the Screen Layouts
  • Create Number Ranges to Customer Accounts
  • Assign Number Ranges to Customer Account Groups
  • Reconciliation Accounts
  • Create Customer Master Records
  • Document Types and Number Ranges
  • Posting Keys
  • Payment Terms
  • Posting of Sales Invoices
  • Incoming Receipt with Clearings
  • Display Customer Line Items
  • Display GL Account Balances
  • Special GL Transactions (Down Payments Received)
  • Posting of Down Payments (Advance Receipt)
  • Clearing of Down Payments
  • Customer Credit Memo
  • Dunning Procedure.

Management of Account

  • Open Item Management
  • Types of Payments
  • Standard Payment
  • Partial Payment
  • Residual Payment

Taxes

  • Tax on Sales & Purchases
  • With Holding Tax (TDS)
  • Country India Version (CIN)

Asset Accounting

  • Overview on Asset Accounting
  • Depreciation Methods
  • Organizational Structures
  • Chart of Depreciation
  • Depreciation Areas
  • Account Determination
  • Screen Layout
  • Number Ranges
  • Functions of Asset Classes
  • Creation of GL Accounts
  • Assign GL Accounts
  • Calculation Methods
  • Depreciation Keys
  • Screen Layout for Asset Master Data
  • Asset Master Records
  • Sub Asset Master Records
  • Acquisition of Assets
  • Depreciation Run
  • Retirement of Assets
  • Transfer of Assets
  • Scrapping of Assets
  • Reports on Asset Accounting

Cash Journal

  • Cash Journal Configuration
  • Cash Journal Transaction

Closing Operations

  • GL Report
  • AR Report
  • AP Reports
  • AM Reports
  • Scheduler Manager

Integration with Other Modules

  • FI-MM
  • FI-SD
  • FI-HR

Controlling

  • General Controlling
  • Integration with FI
  • Budgeting
  • CO Enterprise structure
  • Cost And Revenue Element Accounting
  • Cost Center Accounting
  • Internal Orders
  • Profit Center Accounting
  • ProductCosting
  • Profitability Analysis ( CO-PA)
  • Integration With the Other Modules

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