SAP FICO

SAP FICO Course

The SAP FI/CO course is specifically designed to impart comprehensive knowledge in regards to the proper utilization and management of various external reports and controlling components.
The diverse SAP Topics covered under this module are:

The creation of company and its code and overall management.

• Credit control and functional areas
• Profit Centers and Profitability
• Fiscal year and its variants
• Pasting year and its variants
• Tolerance group, field status group, document types and number range
• G/L A/c creation and posting in different account groups
• Blocking and Dunning Accounts
• Taxation, Financial Statements, Reports
• Vendor group and Vendor Accounts
• Customer group and Accounts
• Sales and purchase Orders
• Depreciation charts, asset classes and more.

The course triggers off with business analysis, defines the business environment, outlines planning methodologies and procedures and provides insights into Asset Accounting, cost object controlling and so forth. The duration of this certification course varies from one institute to another (from 2 to 6 months) and its fees fall in range of INR 25,000/- and above.

Scope and Opportunity of a Career in SAP FICO

In depth knowledge of essential ERP Systems is a must for those wanting to get their hands on the implementation of the entire SAP Life Cycle and get entry as senior SAP FICO consultants.

Candidates wanting to pursue a career in SA FI and Co should have:

• An undergraduate degree in any discipline: B.E., B. Com, B.Sc., etc.
• Specialization in any related field or a Post Graduate degree in courses like MBA or M. Tech is also essential.
• It is also preferable to have good knowledge and/ or implementation experiences in the overall life cycle ofSAP R3; along with appropriate expertise in handling SRP components –from project preparation to stage of going live.
• The other skills required for SAP consultants are extensive knowledge of SAP FICO, good knowledge of business and banking domains, smart interpersonal and effective communication skills.

The SAP FI CO course is good for freshers wanting to get highly paid jobs. After completion of this course, the usual job profile is of that of a SAP FICO Consultant.

Become a Certified SAP FICO Consultant

SAP FICO consultants support and implement this module by enhancing various client business functionalities and maintaining the highest levels of customer satisfaction. These professionals are responsible for the design, implementation, management and testing of all FI/CO modules. With time and greater levels of experience, entry level consultants may look forward to the positions of a SAP FICO trainer or senior SAP FICO consultant. The salary of a SAP FI CO consultant in India varies from INR 247,000 to INR 4, 50,000 and includes bonuses in the range of INR 10,000 to INR 15,000. Added experience in the fields of finance and accounting enhance the opportunities for well paid jobs.

Sign up today and get ready to take your SAP career to unprecedented levels of success—the right way!

S.A.P FICO COURSE CONTENT

SAP FICO COURSE CURRICULLEM Introduction to SAP R/3  1.     Introduction to ERP,  and  S.A.P 2.     What is S.A.P / R/2-R/3 ARCHITECTURE 3.     S.A.P Server landscape 4.     OVER VIEW OF FICO  Financial Accounting Basic Settings:  1.     Definition of  company 2.     Definition  of company code 3.     Assignment of company to company code 4.     Definition of business area 5.     Definition of fiscal year variant 6.     Assignment of fiscal year variant to company code 7.     Definition of posting period variant 8.     Assignment of posting period variant to company code 9.     Open and close posting period 10. Defining document type & number ranges 11.  Maintenance  of field status variants 12.  Assignment of field status variant to company code 13.Definition of tolerance groups for GL accounts 14.                        Definition of tolerance groups for employees 15.                        Assignment of tolerance groups   to users 16.                        Taxes on Sales & Purchases (input & output) 17.                        Creation of chart of Accounts 18.                        Defining Accounts Groups 19.                        Defining Retained Earnings Account. General Ledger Accounting: 1.     Creation of General Ledger Master (with and with out 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.    Defining recurring entry document and postings with recurring doc. 11.   Creation of account assignment model and posting 12.    Configuration of line layouts for display of GL line items 13.   Reversal of individual documents, mass reversal , reversal of cleared items and reversal of accrual and deferral documents 14.    Defining Exchange Rate types and Translation ratios 15.    Define Exchange rates &  posting of foreign currency transactions 16.  Interest calculations on term loans 17.   Accrual and Deferral  documents 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) 6.     Posting of vendor transactions (invoice posting, payment posting, credit memo) 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.     Creation of payment terms, 10. Creation of house banks and account ids. 11.  Creation of check lots and maintenance of check register 12.  display check register 13.  cancellation of  un issued checks 14. creation of void reasons 15. cancellation of issued checks 16.posting of purchase returns              17.Configuration of automatic payment program 18. Payment to vendors through APP 19.   Defining correspondence & party statement of accounts 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) 6.     Posting of customer transactions (sales invoice posting, payment posting, debit memo) 7.     Settings for advance payment from parties (down payment) 8.     Configuration of settings for dunning 9.     generating the dunning letters 10.     defining correspondence and party statement of accounts 11.     Bills of exchange 12.   posting of sales returns Asset Accounting 1.     Defining chart of depreciation 2.     creation of 0% tax codes for sales and purchased 3.     assignment of  chart of depreciation to company code 4.     Defining account determination 5.     definition of screen lay out 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  of fixed assets     14.                        sale of fixed assets 15.                        transfer of assets 16.                        Scrapping of assets, 17.                        Depreciation run 18.                        Line item  Settlement of assets under construction of capital work in progress New General ledger accounting: 1.     Parallel ledgers 2.     document splitting 3.     Segments. Reports 1.     1.Financial statement version 2.     General Ledger, Accounts Payable, Accounts Receivable and Assets Reports Integration Integration of financial accounting with materials management:                  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. Mainternace 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. Creation of purchase order, posting of goods receipt, invoice verification and                  Goods issue for production Integration of financial accounting with sales and distributioin: 1.     Definition of sale s organization 2.     definition  of distribution channels 3.     definition of divisions 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 16.  creating the sales invoice CONTROLLING Basic settings for controlling 1.     Defining Controlling Area 2.     Defining Number ranges for Controlling Area 3.     Maintain Planning Versions Cost element accounting: 1.     creation of primary cost elements from  financial accounting area 2.     creation of primary cost elements from controlling area 3.     display of cost element master records 4.     change cost element master records 5.     primary cost element categories 6.     secondary cost element categories 7.     default account assignments Cost Center Accounting 1.     Defining Cost Center Standard Hierarchy 2.     Creation of Cost Centers and cost center groups 3.     display cost center master records 4.     change cost center master records 5.     creation of cost center groups 6.      posting to cost centers 7.     reposting of co line items 8.     Repost of Costs 9.     planning for cost centers 10. Overhead Calculation 11.   creation of secondary cost element master records 12.   Creation and Execution of Distribution Cycle 13. creation and execution of assessment cycles 14. cost center reports Internal Orders 1.     Defining order types 2.     Creation of internal order master records 3.     display internal order master records 4.     change internal order master records 5.     postings to internal orders 6.     planning for internal orders 7.     reposting co line items for internal orders 8.     repost of costs for internal orders 9.     Report of Variance analysis for internal orders 10.    creation of real internal orders 11.   posting  of business transaction to real orders 12.   definition of allocation structures 13.      definition of settlement profiles 14.      definition of planning profiles 15.    settlement of real internal orders 16.    budgeting and availability control 17.   maintain number ranges for budgeting 18.   define tolerances for availability control 19.  specification of exempt cost elements fr4om availability control 20.  maintenance of budget manager 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.     maintaining the number ranges for profit center documents 6.     Creation of profit center master records 7.     display of profit center master records 8.     changing the profit center master records 9.     Creation of revenue cost elements 10.   Automatic Assignment of Revenue elements for Profit Centers 11.    assignment of  profit centers in cost center master records 12.    creation of account groups in profit center accounting for planning 13.    planning for profit and loss account items 14.   planning for balance sheet items 15.    posting of transactions  into profit centers 16.  generating the variance reports for profit and loss account items 17.  Generating the variance reports for balance sheet items. Profitability analysis  1. Maintaining the operating concern           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. Creation of reports          8. Viewing the reports Product costing:. Product cost planning: 1.     creation of bill materials 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( over head structures) 8.     assignment of cost sheet to costing variant 9.     creation of cost estimate with quantity structure 10.              marking 11.              releasing 12.              creation of cost estimate without quantity structure