+91 6300698155 | +1 929-268-1172 | +91 6300698155 | erplearninghub123@gmail.com

SAP FICO Introduction

In SAP FICO, SAP FI stands for Financial Accounting and CO stand for Controlling. SAP FI is a backbone of SAP that helps to records, collects and process various financial transactional information on real time time. With SAP Financial Accounting you can extract the necessary data for external reporting. SAP FI module can be tightly integrated with other SAP Modules like SAP Controlling (CO), Material Management (MM), Sales and Distribution (SD), Human Resources (HR), Production Planning and with various ERP modules.

SAP FI Modules Includes the below sub-modules

SAP CO Module Comprises of the below sub-modules

SAP FICO Online Training Course Content

  • Components of Financial Accounting (FI)
  • 1 ) Organizational Elements/ basic settings
  • 2 ) GeneralLedger (FI/GL)
  • 3 ) Accounts Receivable (FI/AR)
  • 4 ) Accounts payable (FI/AP)
  • 5 ) Asset Accounting (FI/AA)
  • 6 ) Special Purpose Ledger (FI-SL)
  • Enterprise Structure
  • Define Company
  • Define Company Code - SAP FICO Online Training
  • Assign Company Code to Company
  • Define Business Area
  • Financial Accounting Global Settings
  • Maintain Fiscal Year Variant (Maintain Shortened Fiscal Year)
  • Assign Company Code to a Fiscal Year Variant
  • Define Variants for Open Posting Periods
  • Assign Variants to Company Code
  • Open and Close Posting Periods
  • Define Document Types - SAP FICO Online Training
  • Define Document Number Ranges
  • Define Posting Keys
  • Maintain Field Status Variants
  • Assign Company Code to Field Status Variants
  • Enter Global Parameters
  • General Ledger Accounting
  • Define Chart of Accounts List
  • Assign Company Code to Chart of Accounts
  • Define Account Group
  • Define Retained Earnings Account
  • Define Tolerance Groups for G/L Accounts
  • Define Tolerance Groups for Employees
  • Creation of G/L Masters
  • G/L Account Document Postings
  • Parked Document - SAP FICO Online Training
  • Hold Document
  • Sample Document
  • Accrual/Deferral Document
  • Recurring Entries
  • Define Run Schedules
  • Enter run dates - SAP FICO Online Training
  • Posting transactions
  • Execute run schedule
  • Create Batch input Session
  • Reversal Documents
  • Open Item Management
  • Interest Calculations - SAP FICO Online Training
  • Foreign Currency Valuations
  • Accounts Receivable and Accounts Payable
  • Creation of Vendor Groups
  • Creation of Vendor Number ranges
  • Assign Vendor Number ranges to Vendor Groups
  • Creation of Vendor Masters - SAP FICO Online Training
  • Creation of Vendor Documents and Number ranges
  • Vendor Documents Postings (Purchase Invoice)
  • Advance Payment Postings
  • Automatic Payment Program
  • Creation of Customer Groups
  • Creation of Customer Number ranges
  • Assign Customer Number ranges to Customer Groups
  • Creation of Customer Masters
  • Creation of Customer Documents and Number ranges
  • Customer Document Postings (Sales Invoice)
  • Advance Payment Postings
  • Dunning Program - SAP FICO Online Training
  • Bills of Exchange
  • Creation of Payment Terms
  • Creation of Credit Memo
  • Customer/Vendor Statements
  • Bank Settings
  • House Bank Creation
  • Check Lot Creation - SAP FICO Online Training
  • Creation of Bank Accounts
  • Issued Check Cancellation
  • Manual Check Updating
  • Bank Reconciliation Statement
  • Tax Settings
Withholding Tax and Extended Withholding Tax Configuration
  • Basic Settings for W/Tax - SAP FICO Online Training
  • Defining the Calculation Procedure for W/Tax Types and W/Tax Codes
  • Assign W/Tax Procedure to Vendor Posting
  • Asset Accounting
  • Copy Reference Chart of Depreciation/Depreciation Areas
  • Assign Chart of Depreciation to Company Code
  • Specifying Account Determination
  • Create Screen Layout Rules
  • Define Number Range Interval
  • Define Asset Classes
  • Assign G/L Accounts - SAP FICO Online Training
  • Specify Document Type for Posting of Depreciation
  • Specify Intervals and Posting Rules
  • Specify Rounding of Net Book Value and/or Depreciation
  • Define Base Methods
  • Define Declining-Balance Methods
  • Define Maximum Amount Methods
  • Define Multi-Level Methods
  • Maintain Period Control Methods
  • Maintain Depreciation Key
  • Define Screen Layout for Asset Master Data
  • Define Screen Layout for Asset Depreciation Areas
  • Creation of Asset Master
  • Asset Acquisitions - SAP FICO Online Training
  • Asset Retirements
  • Asset Transfers
  • Asset Transfers
  • Asset Reports
  • Depreciation Running
  • Integration
  • FI integration with MM - SAP FICO Online Training
  • FI integration with SD

Components of Controlling (CO)

  • Cost Element Accounting (CO-OM-CEL)
    • Cost Center Accounting (CO-OM-CCA)
    • Internal Orders (CO-OM-OPA)
    • Profit Center Accounting (EC-PCA)
    • General Controlling
  • Maintain Controlling Area
  • Maintain Versions - SAP FICO Online Training
  • Maintain Number Ranges for Controlling Documents
  • Cost Element Accounting
  • Manual Creation of Primary and Secondary Cost Elements
  • Automatic Creation of Primary and Secondary Cost Elements
  • Create Cost Element Groups
  • Planning of Cost Elements wise Cost
  • Cost Center Accounting
  • Create Cost Centers
  • Define Cost Center Categories
  • Document Postings to Cost Centers
  • Define Cost Center Groups
  • CC Allocations:
  • Creation Assessment and Distribution Cycles
  • Creation Assessment and Distribution Cycles
  • Splitting - SAP FICO Online Training
  • Activity price calculation (plan &actual)
  • Cost Center Wise Variance Reports
  • Repost CO Line-items
  • Repost Cost
  • Profit Center Accounting
  • Maintain Controlling Area Settings
  • Create Dummy Profit Center
  • Profit Centre Maintenance - SAP FICO Online Training
  • Profit Centre Groups Maintenance
  • Define Number Ranges for Local Documents
  • Choose Additional Balance Sheet and P&L Accounts
  • COPA:
  • SD COPA mapping
  • IO/CC COPA settlement
  • Prod order variance COPA settlement
  • Sales order COPA settlement
  • COPA Valuations(Valuation using Condition types ,valuation using Mat cost estimates , Periodic valuation)
  • Top-down distribution of actual data
  • Characteristic derivations - SAP FICO Online Training
  • COPA summarization levels,reports (segment level/line item reports)...etc.
  • COPA Planning(COPA planning in SAP

PRODUCT COSTING

  • PP Module Overview
  • BOM, Routing
  • Production order types, Order type dependent parameters
  • Prod order creation, Prod order confirmation
  • WIP / Variance calculation Prod order settlements
  • Product Cost planning
  • Multilevel costing with multiple plants , Transfer Control ,Special Procurement Types
  • Moving Average Price/Standard price
  • Automatic and Unit Cost Estimate
  • Reference and Simualtion Costing
  • Creating a cost estimate w/o quantity structure
  • Creating a cost estimate with quantity structure
  • Mixed costing with Procurement alterantives and Mixing Ratios
  • PP : BOM /Routing ,Internal/External activities
  • Origin Groups - SAP FICO Online Training
  • Cost component structure,costing valuation variants etc..
  • Creating and releasing std cost etimates/ modified std cost estimates(CK40N)
  • Product costing by prod order:
  • Muti-level costing / MTS
  • Activty allocations / price calculations
  • Material consumptions
  • PP: Prod order creation/confirmation/Settlement
  • Revaluation at Actual prices
  • Overhead Calculation
  • RA: WIP Posting \ reversal
  • Variance calcualtion (Target cost versions , Scrap variance ,Variance categories )
  • Variance settlement to FI ,COPA
  • Reports for Product Cost by Order
  • Line items for Variances
  • Line items for WIP/Result Analysis
  • Prod Order Cost Analysis - SAP FICO Online Training
  • Display CO-PA line items
  • INTERNAL ORDERS
  • Define Order Types
  • Maintain Number Ranges for Orders
  • Creation of Internal Orders
  • Creation of Internal Order Groups
  • Internal Order Settlements:
  • Internal Order Settlements:
  • IO to CC settlement - SAP FICO Online Training
  • IO to COPA settlement
  • Year-end Closing Activities
  • Financial Statement Version
  • Balances Carry forward to Next year

Request For a Free Demo