CERTIFICATE IN SAP FICO (FINANCIAL ACCOUNTING AND CONTROLLING) ( FICO )

 Introduction to SAP FICO

• Introduction to SAP ERP
• What are SAP R/3 & ECC
• Introduction to SAP FICO
• System Landscape
• Creation of Transport Request

SAP Organization Structure

• Company
• Company Code
• Business Area
• Profit Centers
• Plant
• Purchase Organisation
• Sales Organisation
• Shipping Point
• Define Chart of Accounts & Assign to Company Code
• Define Account Group
• Define Retained Earnings

SAP Financial Accounting Global Settings

• Define Fiscal Year Variant, Short-end fiscal year
• Assignment of fiscal year variant to company code
• Define Posting Period Variant
• Assignment of posting period variant to company code
• Open and close FI posting period
• Define document type & number range
• Maintain Field Status Variant
• Assignment of field status variant to company code
• Define User Tolerance
• Define Customer/Vendor Tolerance
• Define GL Tolerance

 New General Ledger Accounting in SAP FICO

• Introduction to New GL Accounting
• Leading Ledgers
• Non Leading ledgers
• Parallel Accounting
• Document Splitting
• Parallel Currencies
• Foreign Currency Valuation Configuration
• Business Process for General Ledger
• General Ledger Master
• Ledger Level Postings
• Document Postings
• Foreign Currency Execution
• Exchange Rate Difference Posting
• FSV ( P/L & Balance Sheet)
• Creation of Sample documents and postings with sample documents
• Tables and Reports in General Ledger

 Integration of FI Material Management (P2P Cycle)

• Define Tolerance Groups for Purchase Orders
• Define Tolerance groups for purchase orders
• Define Tolerance groups for goods receipt
• Define Tolerance groups for invoice verification
• Create Material Master Record
• Maintenance of parameters for invoice verification
• Maintenance of Plant parameters for inventory management and physical inventory
• Define attributes for material types
• Assignment of GL accounts for material transactions in SAP FICO
• Material Price Control- Moving average & standard price
• GR/IR clearing -F.13
• Accounts payable
• Outgoing payments ( Manual, Automatic)
• Payment Terms
• Cash Discount Received
• Business Process-Accounts payable
• Purchase Cycle
• Purchase Order Creation
• Goods Receipt
• Invoice Postings
• Advance Payments-Vendor
  Payments

Integration of SAP FI Sales & Distribution (O2C Cycle)

• Assignment among various organisational units in SD
• Definition of partner functions
• Definition of the shipping point and loading points
• Define pricing procedures
• Maintenance of SD condition Type
• Maintenance of condition records
• Assignment of GL accounts for sales transactions
• SD pricing procedure
• Accounts Receivables
• Incoming Payment ( Manual Receipt, Cheque Deposit, EBS )
• Special GL Transaction-Customer Advance
• Cash Discount Allow
• Dunning Process
• Correspondence
• Business Process-AR
• Sales Cycle
• Sales Order
• Customer Master
• Outbound Delivery
• Sales Invoice
• Collection
• Advance Receipt

Unit-7 – Asset Accounting in SAP FICO Course

• Define Chart of Depreciation, Depreciation areas
• Define Account Determination
• Define Screen layout Rules
• Integration with General ledger & Posting Rules
• Depreciation key
• Define Multilevel methods
• Define Period Control Method
• Business Process-Asset Accounting
• Asset Master
• All types of Asset Acquisition
• Sale of Asset
• Asset Under Construction
• Capitalisation of AUC
• Settlement of AUC
• Depreciation posting

 Bank Accounting

• House Bank
• Cheque Lots
• Cheque Deposits
• EBS-Electronic Bank Reconciliation and execution MT940
• Cash Journal

 Data Migration- LSMW

 General Controlling (as part of SAP FICO Training)

• Organization structure in Controlling
• Controlling Area- Version
• CO Number Range

Cost Center Accounting

• Master Data
• Activity Types
• Statistical Key Figures
• Cost Center Categories
• Posting with Cost Object-Cost Center
• Period End Closing Activities
• Reposting of Cost from Cost
• Center to Cost Center
• Distribution Method
• Period End Reposting
• Assessment Allocation
• Activity Allocation

 Internal Order Accounting

• Internal Order Types
• Internal Order Master Data
• Cost Posting with Internal Order
• Period End Closing Activities
• Settlement Profile
• Allocation Structure
• Maintain Settlement Rule
• Execute Settlement

 Profit Center Accounting in SAP FICO

• Basic Settings
• Master Data
• Planning
• Actual Posting

 Product Cost planning

• Costing Variant for Standard Cost Estimate
• Valuation Variant
• Costing Type
• Date Control
• Quantity Structure Control
• Settings Required from MM & PP
• Automatic Account Assignment
• Maintain Master Data for Standard Cost Estimate
• BOM Creation
• Work Center Creation
• Routing Creation
• Maintain Quantity Structure
• Run standard Cost Estimate
• Mark & Release Standard Cost Estimate

 Margin Analysis (CO-PA)

• Overview of Profitability Analysis
• Account-Based COPA VS Costing Based COPA
• Profitability Analysis VS Profit centre Accounting
• Marginal Analysis
• Data Flow to COPA from Sales Cycle
• Data flow to COPA from Order Settlement

 Cost Object Controlling-Product Cost by Order-Make to Stock

• Creation of Production Order
• Production Order confirmation
• Simultaneous costing
• Actual Costing
• Result Analysis -WIP Calculation
• Variance Calculation

Cost Object Controlling-Product Cost by Order-Make to Stock

• Creation of Production Order
• The Maintenance Planner and Prechecks, Sizing
• Precheck for Migration to New Asset Accounting
• Check and Activate New Depreciation Calculation and Parallel Valuation
• Perform Period End Closing Activities

SAP FICO is an important core functional component in SAP ERP Central Component that allows an organization to manage all of its financial data. SAP FICO allows an organization to store a complete version of their financial transaction data. Specifically, the purpose of SAP FICO is to help companies generate and manage financial statements for analysis and reporting, as well as to aid in effective business planning and decision-making.

SAP ERP Central Component (SAP ECC) is an on-premise enterprise resource planning (ERP) system -- commonly referred to as simply "SAP ERP." SAP FICO aids ECC in financial accounting and controlling functions.

SAP FICO consists of two sections, SAP Finance (FI) and SAP Controlling (CO). Each of which is used for a specific financial process. SAP FI deals with overall financial reporting and accounting, while SAP CO focuses more narrowly on planning and monitoring costs. SAP FI and SAP CO were originally released as separate modules but are now so tightly integrated that many people refer to them as simply one module.