LSI – SAP Finance and Controlling (SAP FICO) in London UK
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SAP FICO

  • SAP Finance and Controlling (SAP FICO) is based on pure accounting principles which provides core accounting and reporting capabilities and ensures the most up-to-date balances and reporting accuracy through complete integration between the General Ledger (GL) and the Accounts Receivable (AR) and Accounts Payable (AP) and Asset Accounts (AA). Its flexible configure as per country specific standards of Reporting, Tax and Depreciation.

    The SAP FICO module is the Core Module in SAP ERP it integrates with other modules such as Controlling, Sales and Distribution, Purchasing and Materials Management and Human Resources. Document transactions occurring within these modules generate account postings via account determination tables. Reports of this Modules are user for external purpose such as Balance sheet and Profit and Loss of each financial year.

     

     

     

    What will you learn ?

    1: Introduction

    • Understanding of what is ERP Systems
    • Introduction to SAP

    2:- Organizational Structure

    • Defining company
    • Configuring company code
    • Defining business area
    • Assigning company code to company

    3:- Financial accounting global settings

    • Maintaining fiscal year variant
    • Assigning fiscal year variant to company code
    • Defining posting periods
    • Defining open and close posting periods
    • Assigning variant to company code
    • Document types and Parameters
    • Defining document number ranges
    • Defining SAP posting keys
    • Defining field status variant
    • Assigning field status variant to company code
    • Defining tolerance groups for employees

    4:- General ledger accounting

    • Defining chart of accounts
    • Assigning chart of accounts to company code
    • Defining account groups
    • Defining retained earnings account
    • Maintain Field status variant for General ledger
    • Creating GL accounts
    • Set up Tolerance for postings
    • Postings
    • Park/Hold the document
    • Reversal entries
    • Document change control

    5:- Accounts Receivable

    • Creating customer groups
    • Field validation for Groups
    • Creating number ranges
    • Assigning number ranges to customer groups
    • Creating customer
    • Change customer details
    • Display customer details and Balances
    • Raising sales invoice
    • Incoming payments
    • Cash discounts
    • Down payment
    • Bank Guarantee
    • Interest calculation
    • Credit memo
    • Dunning procedure and executing dunning run

    6:- Accounts payable

    • Creating vendor groups
    • Creating vendor ranges
    • Creating ranges to vendor groups
    • Creating vendor
    • Change Vendor details
    • Display Vendor and Balance
    • Raising vendor invoice
    • Outgoing payments
    • APP (Automatic Payment Programme)
    • Cash discounts/Terms of Payment
    • Interest calculation
    • Down payment
    • Bank Guarantee
    • Debit memo

    7:- Bank Accounts

    • Creating house bank
    • Configuring petty cash journal
    • Configuring automatic payment to vendors

    8:- Tax

    • Define country tax procedure
    • Define calculation procedure
    • Assign calculation procedure
    • Base amount settings
    • Exempt Tax codes and reasons for the same.
    • Creating GL accounts of input tax output tax and sales tax
    • Configuration for tax calculation Postings

    9:- Foreign currency

    • Exchange Rate Difference General Ledger for Foreign currency document posting
    • SAP Net weaver with Currency setting.
    • Currency translation ratio
    • Defining, changing and maintaining exchange rate ratios
    • Overview of realized and unrealized profit and loss

    10:- Asset Accounting

    • Copying chart of depreciation
    • Assigning chart of depreciation to company code
    • Specify account determination
    • Create screen layout rules
    • Creating asset classes
    • Depreciation area and use of Depreciation area
    • Maintain asset master records (Create /Change /Display)
    • Acquisition of asset
    • Running depreciation
    • Manual depreciation and unplanned depreciation
    • Retirement of asset
    • Transfer of asset INTA and INTERNAL
    • Scraping of an asset
    • Depreciation postings
    • Reports on asset accounting
    • Asset explorer

    11:- New GL Accounts

    • Configuring new GL
    • Document splitting (Active, Passive, and Zero Balance)
    • Configuring leading and non-leading ledger

    12:- Financial statement versions

    • Configuration of FSV
    • FSV and their use in company’s report on IFRS and GAAP both

    13:- Closing down procedures and Reports with Information System

    Controlling

    1:- General Controlling

    • Maintaining control area settings
    • Assign controlling area to Company code
    • Maintaining number ranges for controlling documents
    • Activating controlling indicators

    2:- Cost Element Accounting

    • Creating various types of cost elements
    • Creating primary cost element
    • Creating secondary cost element
    • Automatic and Manual creation of cost elements

    3:- Cost center accounting

    • Creating cost center hierarchy
    • Creating cost center
    • Creating activity types
    • Reports of cost centers

    4:- Profit Center Accounting

    • Creating profit centre
    • Creating dummy profit centre
    • Creating profit centre hierarchy
    • Assigning profit centre to cost centre
    • Reports on profit centre
    • 2 Months guaranteed internship placement with industry reference
    • Intensive Hands-on Training
    • Complete Study Materials, Course-ware and Testing Software
    • Facility to conduct an Onsite testing
    • Our instructors follow a flexible approach of teaching thus the training methods are altered as per the trainees needs. We offer study material, hands –on labs, skills to work as a team by giving more and more team activity or tasks. Various review exams from time to time to analyse your knowledge.
    • LSI has state of the art training facilities and is equipped with world class fixtures and sans peril instructors who are available to answer your queries. We have labs and libraries open for our trainees

    Q. What is SAP?

    A. SAP stands for Systems, Applications and Products in Data Processing and is used by large organizations to manage their business. SAP has different modules for 21 industry sectors.

    Q. Is SAP for me?

    A. Any person with some education and business process knowledge can consider a career in SAP. A career in SAP is very rewarding because of the high paying positions and also lack of skilled SAP personnel makes it most desirable skill to have. We suggest you to choose a module which compliments your experience and background.

    Q. In which SAP module do you provide training?

    A.LSI offers SAP training programs in functional and technical modules including SAP Core Modules:
    FI -Financial Accounting
    CO- Cost Controlling
    HR-Human Resources SD-Sales and Distribution MM-Materials Management SAP Security SAP Net Weaver- Business Intelligence(BW) SAP programming in ABAP SAP New Dimension Modules: GRC-Governance, Risk, and Compliance SAP Net Weaver XI- Exchange Infrastructure SAP Net Weaver Portal SAP Net Weaver MDM-Master Data Management

    Q. When and where are training sessions held?

    A. Training sessions are held on-site at our London centre during weekdays & weekends.

    Q. What if I have a question between two classes? Will you be able to help me on that?

    A. Technical help is just a call away. When you have a question while practicing or going through the notes, just call or send an email to the instructor.

    Q. Will I be provided with study material?

    A.Yes, you will get extensive soft copy of the study material for you to keep. It will have step by step instructions for you to practice.

    Q. Do I need to be certified before I get a job?

    A. Certification is not a requirement to work as a SAP consultant but it is definitely preferred by most employers. All our training courses are designed to get you certified in your module.

    Q. Do I have to know software programming before going for SAP Training?

    A. No, you can be from any business background & experience and only need business process knowledge.

    Q. Do I have to be a software engineer to attend SAP training?

    A. No, you can be from any educational background or any experience.

    Q. How long is the duration for SAP training?

    A. The course duration is 16 days weekday or weekend classes.

    Q. Are Instructors at LSI Certified by SAP?

    A. All our Instructors are certified by SAP and they work for top multinational companies in UK.

    Q. Do you provide services for Interview/placement and resume writing?

    A.We provide CV writing techniques Interview tips and reference assistance.

    Q. What SAP training should I take with my kind of education & experience?

    A. We suggest all candidates attend our free counselling session and after face to face consultation we can recommend you courses according to your education and experience.

    Q. Where is LSI Located?

    A. We are located in west London at Alperton, just a 2 minute walk from the Alperton Tube station.

    Q. Why should I choose LSI?

    A.LSI is specialised in SAP Training without any diversions. We have Instructors who are highly experienced and certified by SAP. We are proud of the level of service and the quality of training we provide. You can come and sit in one of our classes before enrolling and interact with our current and ex students. We also provide guaranteed internship placement after training which gives you the necessary experience to break into the SAP market and also assist with references. We strongly recommend you to attend our free SAP seminar on weekends and compare LSI with other training providers.

    Q. How much does it cost for SAP training?

    A.Our fee structure for all SAP modules can be emailed once you fill in the online enquiry form, also call our office for more details and fees payment plans.

    Q. Will I have to share a computer with other students?

    A. No, each student gets one computer.

    Q. Do you offer SAP End-user level programs at LSI?

    A. Yes. We have end user SAP program offered at no additional cost to our students.

    Q. When do you have free SAP information sessions, Seminars, Career Counseling?

    A. Every weekend we have Free SAP information sessions at our London Office. Please call us for more details.

    Who is it for ?

    • SAP FICO End users
    • Accountants
    • ACCA Qualified professionals
    • Project team members
    • SAP FICO consultants
    • Aspiring SAP FICO Consultants
    • 2 Months guaranteed internship placement with industry reference
    • Intensive Hands-on Training
    • Complete Study Materials, Course-ware and Testing Software
    • Facility to conduct an Onsite testing
    • Our instructors follow a flexible approach of teaching thus the training methods are altered as per the trainees needs. We offer study material, hands –on labs, skills to work as a team by giving more and more team activity or tasks. Various review exams from time to time to analyse your knowledge.
    • LSI has state of the art training facilities and is equipped with world class fixtures and sans peril instructors who are available to answer your queries. We have labs and libraries open for our trainees
    • A general understanding of FICO

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