A warm welcome to the SAP FICOcourse by Uplatz.

SAP FICO (Finance and Controlling) module by SAPmonitors company financials (SAPFI) and delivers cost accounting (SAPCO). SAP FI is used to store the financial data of an organization and also helps to analyze the financial conditions of a company in the market whereas SAP CO supports coordination, monitoring, and optimization of all the process in the organization.

SAP FICO module is very robust and covers almost all business process encountered in various industries. It is one of the very important and widely implemented modules in SAP. It is one of important modules of SAP ERP and is used to store the financial data of an organization. SAP FI helps to analyze the financial conditions of a company in the market. It can integrate with other SAP modules like SAP SD, SAP PP, SAP MM, SAP SCM, etc.

SAP FI comprises of the following sub-components −

• Finance Accounting General Ledger.

• Finance Accounting Accounts Receivable and Payable.

• Finance Accounting Asset Accounting.

• Finance Accounting Bank Accounting.

• Finance Accounting Travel Management.

• Finance Accounting Fund Management.

• Finance Accounting Legal Consolidation

SAP FI module enables you to manage financial accounting data within an international framework of multiple companies, currencies, and languages. SAP FI module mainly deals with the following financial components −

• Fixed asset

• Accrual

• Cash journal

• Accounts receivable and payable

• Inventory

• Tax accounting

• General ledger

• Fast close functions

• Financial statements

• Parallel valuations

• Master data governance

SAP FI consultants are mainly responsible for implementing Financial Accounting and Cost Accounting with SAP ERP Financials.

SAP Controlling (CO) is another important SAP module offered to an organization. It supports coordination, monitoring, and optimization of all the processes in an organization. SAP CO involves recording both the consumption of production factors and the services provided by an organization.

SAP CO includes managing and configuring master data that covers cost and profit centers, internal orders, and other cost elements and functional areas. The main purpose of SAP controlling module is planning. It enables you to determine variances by comparing actual data with plan data and thus enables you to control business flows in your organization.

Both SAP CO and SAP FI modules are independent components in a SAP system. The data flow between these components takes place on a regular basis. Data flows relevant to cost flows to Controlling from Financial Accounting. At the same time, the system assigns the costs and revenues to different CO account assignment objects, such as cost centers, business processes, projects or orders.

SAP FICO entails numerous advantages and benefits as well. No wonder many individuals are pursuing career under this category. This helps in integrating different modules dealing with finance and controlling. These modules also cover external and internal accounting. The FICO’s functional components for finance include ledger, fixed assets, account payables and receivables. For controlling, the functional components are internal orders, cost and profit center accounting, profitability analysis.

The financial accounting in SAP features an imperative primary module wherein real-time financial transactions and processing will be captured providing a basis via data that can also be drawn for the purpose of external reporting. The SAP software financial modules also help companies and businesses unite parallel modules that might be in need for the utilization of software packages. SAP FI (Finance) has the capacity of meeting the accounting and financial need of organizations.

Controlling in SAP also pertains to managerial accounting. The CO (Controlling) organizational elements that are facilitated by SAP modules benefit managers by providing them with reports on profitability, cost centers and more.

SAPFICOmodule is firmly integrated with other ERP modules such as Sales and Distribution (SD), Materials Management (MM), Human Capital Management (HCM), etc.

Uplatz provides this in-depth training on SAPFICOmodule covering each topic in great depth and supported by practical and hands-on scenarios demonstrated on SAPFICOsystem.

SAP FICO, course covers the necessary certification topics for SAP FICO. It includes SAP FICO Business Processes, General Ledger, Accounts Payable, Accounts Receivable, Asset Accounting, New General Ledger and Controlling. As part of the curriculum, you will also be introduced to the configuration which covers FICO Organisational data, Master Data, processing Transaction data, Integration and Financial Reporting.

Financial management requirements are constantly changing, and it’s more important than ever to keep your skills current. This SAP Financial Accounting (FI) and SAP Controlling (CO) process and consultant training delivers the understanding and expertise professionals need for better management of finance accounting and reporting in enterprise.

This SAPFICOtraining program focuses on core accounting and reporting concepts like financial controlling – credit control, maintain fiscal year variant and tax code, assign the company code to a chart of accounts etc. SAP FICO Course will prepare the students to learn and understand all the end-to-end implementation steps to configure SAP FI and CO modules for any organization.

The SAPFICOcourse also highlights the necessary documentation and methodology which are used in SAP FICO implementation projects. After this course, the students will be able to identify and analyse the business requirements of any organization for Record to Report process cycle and to configure SAP FICO modules accordingly.

The syllabus on SAP FICO course is focused on topics that students and other interested individuals should concentrate on. Sufficient knowledge on all the aspects of SAP FICO can help individuals boost their career and improve their business. There are plenty of reasons why enterprise software are becoming widespread and popular. Organizations and businesses have to deal with many complexities and challenges along the way. Learning SAP FICO can be an excellent means to keep an eye to the present and future financial aspects of business.

This SAP FICO training will prepare you for the SAP job market as well as equip you with all the necessary knowledge that is needed for you to pass the SAP FI/CO certification Examination.

Course Objectives

By the end of this SAPFICO training, you will be able to:

• Acquire the relevant knowledge required to clear the SAP certification exam

• Understand the core concepts of SAP FICO module

• Be able to apply the knowledge learned to progress in your career as an associate level SAP FICO Functional consultant

• 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

SAPFICO- Course Syllabus

• SAP Overview

  • SAP Navigation

• Financial Accounting Master Data

  • Chart of accounts

  • G/L account

  • Reconciliation accounts

  • Account groups

  • Customer and vendor accounts

  • Bank accounts/bank keys

• Document and Posting Control

  • Document types and number ranges

  • Posting keys and field status groups

  • Posting periods

  • Posting authorizations

  • Default values

  • Document changes, change control

  • Tolerance groups and payment differences

  • Cross-company code transactions

  • Document reversal

  • Incoming and outgoing payments

  • Cash discount and payment conditions

  • Taxes

  • Clearing (manual and automatic)

  • Payment differences

  • Foreign currencies and exchange rate differences

  • Cash journal

• Special General Ledger Transactions, Document Parking, Substitution and Validation

  • Special G/L transactions using the example of payment and guarantee of payment

  • Special G/L classes and types

  • Customizing of different special G/L transactions

  • “Park document” versus “hold document”

  • Basics of document parking

  • Processing parked documents

  • Substitution

  • Validation

• Payment Program, Dunning Program, Correspondence, Interest Calculation

  • Payment program configuration

  • Executing the payment run

  • Creating payment media

  • Dunning program configuration

  • Executing the dunning run and printing the dunning notice

  • Correspondence configuration

  • Creating correspondence

  • Interest calculation configuration

  • Executing the interest calculation run

• Evaluation Options in Reporting

  • Drill down reporting in Financial Accounting

  • List Viewer

  • Info system and ABAP reports in General Ledger accounts receivable and accounts payable accounting

• Closing Operations in Financial Accounting

  • Month-end and year-end closing

  • Balance sheet/P&L structure & reporting

  • Receivables and Payables

  • Profit and loss

  • Technical, organizational and documentary steps

• Asset Accounting

  • Organizational structures

  • Master data

  • Asset transactions (for example, asset acquisition, retirement, and transfer)

  • Periodic processing in Asset Accounting

  • Using the information system

• The New General Ledger

  • Activation and the idea of the New General Ledger

  • New characteristics in FI

  • Scenarios and scenario assignment

  • Document splitting

  • Real-time integration CO => FI

  • Reporting with (new) FI standard drill down reporting

Detailed level topics covered in this SAPFICO course

Unit 1: Introduction to SAP R/3

1. Introduction to ERP, Advantages of SAP over other ERP Packages

2. Introduction to SAP R/3 FICO

3. Landscape – client concept

4. Transport request – creation, structure, types, statuses, releasing and movement

Unit 2: Financial Accounting Basic Settings (Organization structure)

1. Definition of company

2. Definition of company code

3. Assignment of company to company code

4. Definition of business area

5. Definition of Chart of accounts and types of chart of accounts

6. Assignment of chart of accounts to company code

7. Definition of Account groups

8. Defining Retained Earnings Account

9. Definition of fiscal year variant, Short-end fiscal year

10. Assignment of fiscal year variant to company code

11. Definition of posting period variant

12. Assignment of posting period variant to company code

13. Open and close FI posting period

14. Defining document type & number ranges (internal and external)

15. Maintenance of field status variants

16. Assignment of field status variant to company code

17. Definition of tolerance groups for GL accounts

18. Definition of tolerance groups for employees

19. Assignment of tolerance groups to users

20. Global parameters

Unit 3: General Ledger Accounting

1. Creation of General Ledger Master (with and without reference)

2. Display/Change/Block/Unblock of general ledger master

3. Document Entry posting: normal postings and posting with reference

4. Display and change of documents

5. Display of GL balances

6. Display GL account line items

7. Parked documents

8. Hold documents

9. Creation of Sample Document and postings with sample documents

10. Creation of account assignment model and posting

11. Configuration of line layouts for display of GL line items

12. Accrual and Deferral documents

13. Reversal of individual documents, mass reversal, reversal of cleared items and reversal of accrual and deferral documents, re-reversal

14. Types of clearing – standard, partial and residual

15. Defining Exchange Rate types, Forex table and Translation and tables

16. Define Exchange rates & posting of foreign currency transactions

17. Interest calculations on term loans

18. Recurring documents

19. Tables and reports in GL

Unit 4: Accounts Payable

1. Creation of vendor account groups

2. Creation of number ranges for vendor master records

3. Assignment of number ranges to vendor account groups

4. Creation of tolerance group for venders

5. Creation of vendor master (display/change/block/unblock of vender master) and related tables

6. Posting of vendor transactions (invoice posting, manual payment posting, credit memo) and related tables

7. Settings for advance payments to parties (down payment) and clearing of down payment against invoices (special GL transactions)

8. Posting of partial Payment & Residual Payment

9. Cash discounts from vendors and payment terms

10. Automatic payment program configuration with SEPA format

11. Bank master data and house banks

12. F110 execution – main bank posting from F110 and bank clearing account posting from F110 and related tables

13. DME files creation in xml and txt format and understanding DME structure in DMEE

14. Payment advice generation, payment summary generation

15. Reversal of payment documents

16. Vendor clearing – standard, partial and residual

17. Check payment method and creating checks manually and automatically and printing

18. Creation of check lots and maintenance of check register

19. Check encashment dates

20. Cancellation of unissued checks and issued checks

21. Creation of void reasons

22. Issued check cancellation

23. Deleting manual checks and voided checks

24. Defining correspondence & party statement of accounts

25. Real-time scenarios on APP

26. Intercompany payments – manual and automatic

27. Tables and reports in AP and APP

Unit 5: Accounts receivable:

1. Creation of customer account groups

2. Creation of number ranges for customer master records

3. Assignment of number ranges for customer account groups

4. Creation of tolerance group for customers

5. Creation of customer master (display/change/block/unblock of vender master) and related tables

6. Posting of customer transactions (sales invoice posting, manual payment posting, debit memo) and related tables

7. Settings for advance payment from parties (down payment)

8. Configuration of settings for dunning and generating the dunning letters

9. Defining correspondence and party statement of accounts

10. Cash discounts to customers

11. APP configuration for incoming payments direct debit

12. Customer clearing – standard, partial and residual

13. Tables and reports in AR

Unit 6: Bank Accounting

1. House bank

2. Bank key

3. Bank account

4. Bank clearing accounts

5. Electronic bank statement (EBS): Configuration and execution MT940

6. Auto Lockbox: Configuration and execution

7. Cash journal/SAP query

Unit 7: Data Migration

1. LSMW (master data)

2. BDC (transaction data)

Unit 8: Asset Accounting

1. Defining chart of depreciation, depreciation areas

2. Creation of 0% tax codes for sales and purchases

3. Assignment of the chart of depreciation to company code

4. Defining account determination

5. Definition of screen layout rules

6. Definition of number ranges for asset classes

7. Integration with General Ledger & Posting rules

8. Defining Depreciation key

9. Definition of multilevel methods

10. Definition of period control methods

11. Creation of main asset master records

12. Creation of sub-asset master records

13. Acquisition/purchase of fixed assets

14. Sale/retirement of fixed assets

15. Transfer of assets (intra and intercompany)

16. Scrapping of assets

17. Depreciation run

18. Asset history report, Asset explorer and Asset documents

19. Line item Settlement of assets under construction of capital work in progress

20. Year-end activities

21. Asset mass changes

22. Tables and reports in AA

Unit 9: New General ledger accounting

1. Parallel ledgers

2. Document splitting

Unit 10: Reports

1. Financial statement version (FSV)

CONTROLLING

Unit 1: Basic settings for controlling

1. Defining Controlling Area

2. Defining Number ranges for Controlling Area

3. Maintain versions

Unit 2: Cost element accounting

1. Creation of primary cost elements from FI and CO

2. Manual and automatic creation of primary and secondary cost elements

3. Grouping of cost elements

4. Change cost element master records

5. Primary cost element categories and Secondary cost element categories

6. Default account assignments

Unit 3: Cost Center Accounting

1. Defining Cost Center Standard Hierarchy

2. Creation of Cost Centers and cost center groups

3. Display and change cost center master records

4. Creation of cost center groups

5. Actual posting to cost centers

6. Reposting of CO line items

7. Repost of costs

8. Planning for cost centers

9. Actual and variance reports

Title

1. Statistical Key figure

2. Creation and execution of Distribution Cycle with/without SKF

3. Creation and execution of Assessment cycles with/without SKF

4. Creation and execution of Actual periodic reposting

Unit 5: Internal Orders

1. Defining order types

2. Creation of internal order master records

3. Display and change internal order master records

4. Postings to internal orders

5. Planning for internal orders

6. Reposting co line items for internal orders

7. Repost of costs for internal orders

8. Report of Actuals and Variance analysis for internal orders

9. Creation of real and statistical internal orders

10. Posting of business transaction to real orders

11. Definition of allocation structures

12. Definition of settlement profiles

13. Definition of planning and budget profiles

14. Settlement of real internal orders

15. Budgeting and availability control

16. Maintain number ranges for budgeting

17. Define tolerances for availability control

18. Specification of exempt cost elements from availability control

19. Maintenance of budget manager

20. SAP Business workplace

Unit 6: Profit Center Accounting

1. Basic Settings for Profit Center Accounting

2. Creation of Dummy Profit Centers

3. Maintenance of control parameters for actual postings

4. Maintaining planning versions for profit centers

5. Maintenance the number ranges for profit center documents

6. Creation, change and display of profit center master records

7. Creation of revenue cost elements

8. Automatic Assignment of Revenue elements for Profit Centers

9. Assignment of profit centers in cost center master records

10. Creation of account groups in profit center accounting for planning

11. Planning for profit and loss account items

12. Planning for balance sheet items

13. Posting of transactions into profit centers

14. Generating the variance reports for profit and loss account items

15. Generating the variance reports for balance sheet items

16. Transferring balances from one PC to another PC

Unit 7: Profitability analysis

1. Maintaining the operating concern and related tables

2. Define profitability segment characteristics

3. Assignment of controlling area to operating concern

4. Activating the profitability analysis

5. Define number ranges for actual postings

6. Mapping of SD conditions types to COPA value fields

7. PA transfer structure

8. CoPA document generation from Billing and FI document

9. Creation of reports – Report painter

10. Viewing the reports

Product costing

Unit 1: Product cost planning

1. Creation of bill of materials BoM

2. Creation of activity type master records

3. Planning for activity hours

4. Activity type price calculation

5. Creation of work center master records

6. Creation of routings

7. Defining cost sheet (overhead structures)

8. Assignment of cost sheet to costing variant

9. Cost component structure

10. Creation of cost estimate with quantity structure

11. Marking

12. Releasing – price change document

13. Creation of cost estimate without quantity structure

14. Additive costing

15. Base planning object (Reference or Simulation costing)

Integration

Unit 1: Integration of FI with MM (P2P cycle)

1. Definition of organizational units in materials management i.e. plant, storage location and purchase organization

2. Assignment of organizational units to each other

3. Definition of tolerance groups for purchase orders

4. Definition of tolerance groups for goods receipt

5. Definition of tolerance groups for invoice verification

6. Definition of vendor specific tolerances

7. Creation, display and change of material master records

8. Creation of plant parameters

9. Maintenance of posting periods for materials management

10. Maintenance of parameters for invoice verification

11. Maintenance of plant parameters for inventory management and physical inventory

12. Definition of attributes for material types

13. Assignment of GL accounts for material transactions in financial accounting (Integration of MM with FI)

14. Valuation classes, Valuation grouping code

15. Creation of purchase order, posting of goods receipt, invoice verification and Goods issue for production

16. Price control – standard and moving average with postings

17. GR/IR clearing from F.13

18. MM Pricing procedure and adding freight to pricing procedure

19. Stock report MB5B

Unit 2: Integration of FI with SD (O2C cycle)

1. Definition of sales organization

2. Definition of distribution channels

3. Definition of divisions and Sales area

4. Assignment among various organizational units in SD

5. Definition of partner functions

6. Definitions of shipping point and loading points

7. Definition of pricing procedures

8. Determining the shipping points

9. Determining the pricing procedures

10. Maintenance of SD condition types

11. Maintenance of condition records

12. Assignment of GL accounts for sales transactions (integration of FI with SD)

13. Creation of sales order

14. Initialization of stock

15. Posting the delivery of goods with PGI

16. Creating the sales invoice

17. SD pricing procedure

Unit 3: Validations and Substitutions

1. Line item level

2. Header level

Unit 4: Sales Tax

1. Input tax

2. Output tax

3. Sales tax procedure

Unit 5: Idocs

1. Structure of an Idoc

2. AL11 path, Uploading and downloading files from AL11

3. Testing and copying an Idoc

4. Reprocessing an Idoc

Unit 6: ASAP Methodology

1. Phases in ASAP methodology

2. Project plan

Unit 7: Real time documentation

1. Business blue print (BBP)

2. Estimate

3. High level design

4. Functional specifications

5. Test script

6. UAT