SAP FICO
SAP FICO Stands for FI (Financial Accounting) and CO (Controlling). SAP FICO is the important module of ERP and both FI and CO modules stores the financial transactions data.
SAP FICO course helps you in reviewing and monitoring the financial situation of an organization. You can examine the inside operations of an organization by generating and scheduling the reports.
SAP FICO course helps you in reviewing and monitoring the financial situation of an organization. You can examine the inside operations of an organization by generating and scheduling the reports.
Here are the SAP FICO Course Objectives:
- Foundational understanding of SAP and ERP and General Ledger
- In-depth understanding of the Accounts Receivable, Accounts payable, Reports
- Gain an overview of Creation of customer account groups
- Understanding the Step by step guide to create vendor master data in SAP
SAP-FI/CO – ECC 6.0
Course Contents
Course Contents
- Introduction to ERP & SAP R/3 | Financial accounting - (FI) | Enterprise Structure Settings
- Define Company
- Define Company Code
- Define Business Area
- Assign Company Code to Company
- Financial Accounting Global Settings
- Define Fiscal Year Variant (FYV)
- Assign Company Code to FYV
- Define Variants for Open Posting Periods
- Open and Close Posting Periods
- Assign PP Variant to Company Code
- Define Document Number Ranges
- Define Field Status Variants (FSV)
- Assign Company Code to FSV
- Define Tolerance Groups for Employees
- Define Tolerance Groups for GL A/c’s
- General Ledger Accounting
- Define Chart of Accounts (COA)
- Assign Company Code to COA
- Define Account Groups
- Define Retained Earnings Account
- Create General Ledger Accounts
- Editing GL Masters
- Posting Documents in GL
- GL Balance Display
- Blocking and Unblocking of GL
- Create, Save and Select Layouts
- Posting Documents in Foreign Currency
- Open Item Management
- Prepare Account Clearing
- Foreign Currency Valuation
- Document Reversal Methods
- Reversing Posted Documents
- Documents
- Sample Documents
- Define No. Ranges for Sample Docs
- Define Sample Entry Templates
- Accrual/Deferral Documents
- Document Parking
- Document Holding
- Recurring Documents
- Define No. Ranges for Recurring Docs
- Define Recurring Entry Templates
- Generating and Posting Recurring Entries
- Displaying, Changing & Deleting Recurring -
- Entries
- Accounts Payables
- Creating Vendor Account Groups
- Define Vendor Account Groups
- Define No. Ranges for Vendor A/c Groups
- Document types and number Ranges
- Define Vendor Reconciliation Accounts
- Creating Vendor Master Records
- Posting of Vendor Transactions
- Define Vendor Statement of Accounts
- Advances to Vendors
- Purchase Return Postings
- Customization of Extended Withholding Tax
- Automatic Payment Program (APP)
- Accounts Receivables
- Creating Customer Account Groups
- Define No. Ranges for Customer A/c Groups
- Assignment of No. Ranges to Account Groups
- Document types and Number Ranges
- Define Customer Reconciliation Accounts
- Creating Customer Master Records
- Postings of Customer Transactions
- Changing of Master Records
- Displaying Account Balances and Line Items
- Advances from Customers
- Dunning Procedure
- Bill of Exchange Transactions
- Tax Calculation on Sales & Purchases
- Define Calculation Procedure
- Assign Country to Calculation Procedure
- Define Tax Codes
- Define Tax Accounts
- Tax Codes for Non-Taxable Transactions
- Define Withholding Tax Types for Invoices - and Payments
- Bank Accounting
- Define House Banks
- Define Interest Indicators
- Define Reference Rates
- Interest Calculations
- Financial Statement Version
- Define Financial Statement Version
- Assignment of Accounts
- P&L / Balance Sheet Statement
- Asset Accounting
- Define Chart of Depreciation
- Define Asset Classes
- Define Number Ranges for Asset Classes
- A/c Determination for Automatic Postings
- Screen Layout Rules
- Depreciation Keys
- Creation of Asset Master Records
- Purchase of Assets
- Depreciation Run
- Sale of Assets
- Transfer of Assets
- Capital Work in Progress Settlement
- Profit/Loss on Sale of Assets
- Reports
- GL Reports
- Vendor Reports
- Customer Reports
- Asset Reports
- Controlling-(CO)
- Maintain Controlling Area
- Assign Controlling Area to Co. Code Etc.
- Cost Element Accounting
- Primary Cost Elements
- Secondary Cost Elements
- Cost Center Accounting
- Creation of Cost Centers
- Creation of Cost Center Groups
- Postings from FI
- Reposting CO Line Items and Costs
- Planning Cost Center-wise
- Overhead Assessments
- Reports
- Product Costing Configuration
- Material Masters, Bill of Material,
- Work Centers, Routing, Cost Sheet,
- Product Costing Run
- Internal Orders
- Creation of Internal Orders
- Repost Line Items and Costs
- Planning Internal Order Wise
- Reports
- Profit Center Accounting
- Maintain Controlling Area Settings
- Creation of Profit Centers
- Reports
- Profitability Analysis
- Maintain Operating Concern
- Data structure – Characteristics & Value
- Fields
- Creating Reports
- Integration
- Integration of FI with MM
- Basic configuration of MM
- A/c Assignment for Automatic Postings in FI
- Transactions in MM
- Integration of FI with SD
- Basic configuration of SD
- A/c Assignment for Automatic Postings in FI
- Transactions in SD
Our distinct services include :
- Material and Documents: We provide real time working documents and materials to our students.
- Free System Access : We have the latest and most up to date platforms deployed on high-end servers that are available remotely and in-class on a 24/7 basis.
- Interview Preparation: We will prepare you for interviews in your specialized area by providing some real time interview questions. We also conduct mock interviews and assist you in preparing a professional resume.
- Placement Assistance: Our placement service division provides job placement support by submitting your resumes to prospective clients and emails you any new job opportunities in the market. However, we do not provide false guarantees on securing any jobs for you. We have a history of several ex-students who have secured excellent jobs based on our WORLD class training approach, implementation of case study projects and post training support.
- Initial Job Stabilization Support: We support our students to get stabilized in their job in the first TWO months. If our students come across any issues, we are there to help them. Students can send an email to us with their issues, our experts will reply back with possible solutions within 24 hours.
- Free Class Room sessions recording: In addition to the e-class training, we will give you authorization to record all of your e-class room training sessions, so that you can go back and review.
Other Courses related
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Instructor Led Hands-on eClassroom Training.
Key Points of Training Program :
SAP FICO Courses, Learn with Online Practice, in-class Seminars, Training and Certification from the list of world-class education trainers. Macropus provides Class Material, Tutorial Curriculum, Demo Videos, Sample Questions, Recommended Books, Tips and Tricks. Get lectures and practical lessons on development and programming to improve technical skills and Students will benefit with Job Placements, Visa.
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Financial Accounting (FI) & Controlling (CO) - SAP FICO
SAP FICO
SAP FICO is one of the important modules of SAP ERP (Enterprise Resource Management). It is the combination of two modules called SAP FI (Financial Accounting) and SAP CO (Controlling) which are used to manage all the financial transactions of an enterprise and control the planning, monitoring and reporting processes of various operations in an enterprise. Let us further examine both FI and CO modules.SAP FI (Financial Accounting)
This exclusive SAP ERP software module allows the employee of an enterprise to access and manage various data related to financial transactions of the business in an integrated system. It is an excellent tool to analyze various financial data of a business and understand the real-time financial position of the business. Particularly, SAP FICO does eliminate the hardship involved while generating reports of requirements and status of the business. Be it a small scale business or a large scale industry, SAP FI module is extensively flexible to handle the respective economic situation by helping to generate consolidated business transaction reports and requirements reports. This Financial Accounting module of SAP is fluent in integrating with other SAP ERP modules like SAP PP (Production Planning), Payroll, SAP MM (Material Management), SAP SD (Sales & Distribution) and renders better results and reports.SAP CO (Controlling)
SAP CO (Controlling) is also among the significant modules of SAP ERP for its support to the business planning, reporting, and monitoring processes. It plays an important role in generating financial reports with its special methods to organize and explore the costs of the enterprise. SAP CO module lets an employee to create a strategic report on business plans, tracking the business growth, tracking the performance, boosting the performance and evaluating the costs of an enterprise. Cost elements, cost centers, profit center, internal order, functional area and many other configuring and managing master data are provided by the SAP Controlling (CO) module. -
What are pros and cons of SAP FICO career?
Pros:
• Demand - Ever since the businesses around the world witness the effective financial and controlling mechanisms with the help of SAP FICO, the demand and strength of SAP FICO users is on upstream. Thus, by taking up SAP FICO training course, you can be assured of career scope and demand for the skills you've acquired.
• Salary - In United States, the average salary paid to SAP Fico professional is
$107000 - according to Indeed. And many other surveys and experts predicted
that the salary may rise in accordance with the demand.
• Career Prospects - In a world of consistent technology upgradations, it is very
hard for any career to withstand for more than two decades. But when it comes
to SAP FICO, the demand would definitely be there for a long time than any other
career.Cons:
• Well, we can't say this a con. But among all the SAP modules, SAP-FICO in particular, require an adequate maturity and expertise in order to accomplish the tasks. Thus, it takes 4 to 5 months to get around the field and mature. You need stay focussed and gain expertise.
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What is the career path I could keep jumping after SAP FICO training?
Career Ladder (SAP FICO):
Managing Director (SAP FICO)
↑
SAP FICO Project Manager
↑
SAP FICO Lead
↑
SAP FICO Specialst
↑
Senior SAP FICO Consultant (or) Senior SAP FICO Analyst
↑
SAP FICO Consultant (or) SAP FICO Analyst