SAP FICO

110 Lessons |
(0 Ratings)
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.
SAP FICO

Prerequisites

  • Experience of 2 to 4 years in financial domain
  • Hands-on experience of managing financial data

Learning objectives

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

Why LSI

  • 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

Overview

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

Curriculum

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FAQs

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.
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.
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
Training sessions are held on-site at our London centre during weekdays & weekends.
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.
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.
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.
No, you can be from any business background & experience and only need business process knowledge.
No, you can be from any educational background or any experience.
The course duration is 16 days weekday or weekend classes.
All our Instructors are certified by SAP and they work for top multinational companies in UK.
We provide CV writing techniques Interview tips and reference assistance.
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.
We are located in west London at Alperton, just a 2 minute walk from the Alperton Tube station.
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.
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