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Course Details

What is SAP FICO?

SAP FICO stands for FI (Financial Accounting) and CO (Controlling). SAP FI module deals with managing financial transactions within enterprises. This financial accounting module helps employees to manage data involved in any financial and business transactions in a unified system. SAP ERP Financials enables you to centrally track financial accounting data within an international framework of multiple companies, languages, currencies, and charts of accounts. SAP FI module mainly deals with Fixed asset,accrual,bank,cash journal,inventory,tax accounting,General ledger, Accounts Receivable (A/R), Accounts Payable (A/), Fast close functions,Financial statements,Parallel valuations and Master data governance.

SAP stands for Systems, Applications and Products in Data Processing. Five German Engineers founded it in 1972. SAP is an ERP software which large organizations use to manage their business. SAP has several modules, each of which represent a business-process. Modules are usually abbreviated for the business process they represent. For instance, HR is Human Resources, FI for Financial Accounting and SD is Sales & Distribution and so on. A Company-Code is representative of a stand-alone legal entity that requires its own set of accounting records for reporting purposes. The process of external reporting involves recording all relevant transactions and generating all supporting documents for financial statements such as balance sheet and profit and loss statements.

A Chart of Accounts is a detailed listing of all the accounts the company uses for recording transaction that represent both Balance Sheet and Profit & Loss accounts. Before configuring any part of the enterprise structure it is vital to have drawn out and agreed upon what your structure will look like. From a purely technical point of view the order in which you configure the chart of accounts, the fiscal year variant and company code does not matter

Fiscal Year Variant determines the posting periods to be used by your client’s company. As the name implies it should be configured to match your client’s accounting year. The Fiscal Year Variant is very flexible and can be configured to match any organization’s fiscal calendar. SAP allows a maximum of 16 postings within a fiscal year. The 16 posting periods normally comprise of 12 regular posting periods and 4 special periods, which can be used for such things as posting audits or tax adjustments to a closed fiscal period. Having four special posting periods gives you a lot of flexibility. You may want to use one special period for each quarter and year-end audit and/or tax adjustments. When you close a period or year in SAP you define which regular and which special posting periods are allowed for posting. Because the default period for each posting is one of the 12 regular posting periods you can be safe by keeping open one or more special posting periods for posting.

Why to attend Tekslate Online Training ?​

Classes are conducted by Certified SAP FICO Working Professionals with 100 % Quality Assurance.

With an experienced Certified practitioner who will teach you the essentials you need to know to kick-start your career on SAP FICO. Our training make you more productive with your SAP FICO Training Online. Our training style is entirely hands-on. We will provide access to our desktop screen and will be actively conducting hands-on labs with real-time projects.

SAP FICO Training Curriculum

Introduction to SAP R/1,Introduction to ERP, Advantages of SAP over other ERP Packages,Introduction to SAP R/1 FICO,Financial Accounting Basic Settings:Definition of company,Definition of company code,Assignment of company to company code,Definition of business area,Definition of fiscal year variant,Assignment of fiscal year variant to company code
Definition of posting period variant,Assignment of posting period variant to company code,Open and close posting period
Defining document type & number ranges,Maintenance of field status variants,Assignment of field status variant to company code,Definition of tolerance groups for GL accounts,Definition of tolerance groups for employees,Assignment of tolerance groups to users,Taxes on Sales & Purchases (input & output),Creation of chart of Accounts,Defining Accounts Groups,Defining Retained Earnings Account

 General Ledger Accounting  

Creation of General Ledger Master (with and with out reference),Display/Change/Block/Unblock of general ledger master,Document Entry posting normal postings and posting with reference Posting Documents in GL,Display and change of documents,Display of GL balances,Display GL account line items
Parked documents,Hold documents,Creation of Sample Document and postings with sample documents,Defining recurring entry document and postings with recurring doc,Creation of account assignment model and posting,Configuration of line layouts for display of GL line items,Reversal of individual documents, mass reversal , reversal of cleared items and,Reversal of accrual and deferral documents,Defining Exchange Rate types and Translation ratios,Define Exchange rates & posting of foreign currency transactions,Interest calculations on term loans,Accrual and Deferral documents,Valuation of foreign currency loans

 Accounts Payables

Creation of vendor account groups,Creation of number ranges for vendor master records,Assignment of number ranges to vendor account groups,Creation of tolerance group for venders,Creation of vendor master ,display/change/block/unblock of vender master),Posting of vendor transactions (invoice posting, payment posting, credit memo),Settings for advance payments to parties (down payment) and clearing of down payment against invoices (special GL transactions),Posting of partial Payment & Residual Payment,Creation of payment terms,Creation of house banks and account ids,Creation of check lots and maintenance of check register,Display check register,Cancellation of un issued checks,Creation of void reasons,Cancellation of issued checks,Posting of purchase returns,Configuration of automatic payment program,Payment to vendors through APP,Defining correspondence & party statement of accounts,Settings for TDS transactions,Noted items for accounts payable,

Accounts Receivable

Creation of customer account groups,Creation of number ranges for customer master records,Assignment of number ranges for customer account groups,Creation of tolerance group for customers,Creation of customer master (display/change/block/unblock of vender master),Posting of customer transactions (sales invoice posting, payment posting, debit memo),Settings for advance payment from parties (down payment),Configuration of settings for dunning,Generating the dunning letters,Defining correspondence and party statement of accounts,Bills of exchange,Posting of sales returns,Noted items for accounts receivable
Asset Accounting

Defining chart of depreciation

Creation of % tax codes for sales and purchased,Assignment of chart of depreciation to company code,Defining account determination,Definition of screen lay out rules,Definition of number ranges for asset classes,Integration with General Ledger & Posting rules,Defining Depreciation key,Definition of multilevel methods,Definition of period control methods,Creation of main asset master records,Creation of sub asset master records,Acquisition of fixed assets,Sale of fixed assets,Transfer of assets
Scrapping of assets,Depreciation run,Line item Settlement of assets under construction of capital work in progress,New General

 ledger accounting

Parallel ledgers,Document splitting,Segments,Reports,Financial statement version,General Ledger, Accounts Payable, Accounts Receivable and Assets Reports


 Controlling

Basic settings for controlling,Defining Controlling Area,Defining Number ranges for Controlling Area,Maintain Planning Versions

Cost element accounting

Creation of primary cost elements from financial accounting area,Creation of primary cost elements from controlling area,Display of cost element master records,Change cost element master records,Primary cost element categories,Secondary cost element categories,creation of primary cost element grups,Default account assignments,Cost Center Accounting,Defining Cost Center Standard Hierarchy.

Creation of Cost Centers and cost center groups                                                                                                                      

Display cost center master records,Change cost center master records,Creation of cost center groups,Posting to cost centers,Reposting of co line items,Repost of Costs,Planning for cost centers,Overhead Calculation,Creation of secondary cost element master records,Creation and Execution of Distribution Cycle,Creation and execution of assessment cycles,Creation and execution of periodic re- postings,Cost center reports,Internal Orders,Defining order types,Creation of internal order master records,Display internal order master records,Change internal order master records,Postings to internal orders,Planning for internal orders,Reposting co line items for internal orders,Repost of costs for internal orders,Report of Variance analysis for internal orders,Creation of real internal orders,Posting of business transaction to real orders,Definition of allocation structures,Definition of settlement profiles,Definition of planning profiles,Settlement of real internal orders,Budgeting and ,vailability control,Maintain number ranges for budgeting,Define tolerances for availability control,Specification of exempt cost elements from availability control,Maintenance of budget manager,Profit Center Accounting,Basic Settings for Profit Center Accounting,Creation of Dummy Profit Centers,Maintenance of control parameters for actual postings,Maintaining planning versions for profit centers,Maintaining the number ranges for profit center documents,Creation of profit center master records,Display of profit center master records,Changing the profit center master records,Creation of revenue cost elements,Automatic Assignment of Revenue elements for Profit Centers,Assignment of profit centers in cost center master records,Creation of account groups in profit center accounting for planning,Planning for profit and loss account items,Planning for balance sheet items,Posting of transactions into profit centers,Generating the variance reports for profit and loss account items,Generating the variance reports for balance sheet items,Profitability analysis,Maintaining the operating concern,Define profitability segment characteristics,Assignment of controlling area to operating concern,Activating the profitability analysis,Define number ranges for actual postings,Mapping of SD conditions types to COPA value fields,Creation of reports,Viewing the reports,Product costing

Product cost planning

Creation of bill materials,Creation of activity type master records,Planning for activity hours,Activity type price calculation,Creation of work center master records,Creation of routings,Defining cost sheet( over head structures),Assignment of cost sheet to costing variant,Creation of cost estimate with quantity structure,Marking,Releasing,Creation of cost estimate without quantity structure,Integration

Integration of financial accounting with materials management

Definition of organizational units in materials management i.e. plant, storage location and purchase
organization,Assignemnt of organizational units to each other,Definition of tolerance groups for purchase orders,Definition of tolerance groups for goods receipt,Definition of tolerance groups for invoice verification balance sheet items,Definition of vendor specific tolerances,Creation, display and change of material master records,Creation of plant parameters,Maintenance of posting periods for materials management,Mainternace of parameters for invoice verification,Maintenance of plant parameters for inventory management and physical inventory,Definition of attributes for material types,Assignment of GL accounts for material transactions in financial accounting,(Integration of MM with FI),Creation of purchase order, posting of goods receipt, invoice verification and,Goods issue for production

Integration of financial accounting with sales and distribution

Definition of sale s organization,Definition of distribution channels,Definition of divisions,Assignment among various organizational units in SD,Definition of partner functions,Definitions of shipping point and loading points,Definition of pricing procedures,Determining the shipping points,Determining the pricing procedures,Maintenance of SD condition types,Maintenance of condition records,Assignment of GL accounts for sales transactions( integration of FI with SD),Creation of sales order,Initialization of stock,Posting the delivery of goods,Creating the sales invoice.

SAP FICO Infographics

SAP Certification Benefits

SAP FICO Certification

To excel in SAP Certified Application Associate certification the candidate needs to prove his/her skills and should have fundamental knowledge using SAP Financial Accounting (FI) with SAP ERP 6.0 EhP6″ certification

Exam Details: https://training.sap.com/shop/certification/c_tfin52_66-sap-certified-application-associate—financial-accounting-with-erp-60-ehp6-g/

Benefits to our Global Learners

  • Tekslate services are Student-centered learning.
  • Qualitative & cost effective learning at your pace.
  • Geographical access to learn from any part of the world.

SAP FICO Certification Training in Your City

SAP FICO Training India

Tekslate provides instructor-led live online training and corporate training. PeopleSoft HRMS Training provides you hands on real-time project experience. Our SAP FICO trainers are certified industry experts and work professionals. We provide customized training for beginners as well working professionals.

SAP FICO Training United States

Our trainers in US are certified and have in-depth knowledge regarding SAP FICO Concepts. Tekslate superior quality training is what makes us stand apart from others. Case studies are included in the curriculum of training programs irrespective of the mode you chose. You can avail training in your cities like New York, Los Angeles, Chicago, Houston, and more.

SAP FICO Training United Kingdom

For experienced professionals in UK, special batches are conducted in different timings. Customized approach to imparting training has made us different from others. You can clarify your doubts after completing the class. You can avail training in your cities like London, Birmingham, Leeds, Glasgow and more.

SAP FICO Training Canada

There are many companies that offer SAP FICO training in Canada. Our SAP FICO course provides basic understanding about the introduction and overview. It is the course that can be educate right from the beginner to the intermediate and advanced level. SAP FICO Training is provided by Real Time Industry Experts who has huge subject knowledge, skills and enhances the skills of students in the best way. You can avail training in your cities like Montreal, Winnipeg, Mississauga, Ottawa and more.

SAP FICO Training in Hyderabad

We at TekSlate offer interactively designed SAP FICO training. The SAP FICO Training course design in Hyderabad aims not only imparting theoretical concepts, but also aid students explore and experiment the subject. By the end of our training program, students can confidently update their profiles with knowledge and Hands on experience.

SAP FICO Training in Bangalore

TekSlatemasters in IT Online Training services. We are aware of industry needs and we are offering SAP FICO Training in Bangalore in a more practical way. We guarantee efficient training offered by real-time experts in the industry.

SAP FICO Training in Chennai

TekSlate is one of the top-ranked Institute in SAP FICO training in Chennai. We provide best quality training for SAP FICO online with well-experienced professionals.Our unique blend of hands-on training enables students with the productive skills to improve their performance.

SAP FICO Training in Pune

TekSlate offers Instructor-led online training by Top-Notch Trainers in Pune. Every session will be recorded and provided to you for future reference. Good quality Material will help students explore the subject confidently.

SAP FICO Training in Mumbai

TekSlate offers best SAP FICO Training in Mumbai with most experienced professionals. Our Instructors are working professionals in the related technologies. Our team of trainers provides training services in a practical way witha framed syllabus to match with the real world requirements for both beginner level to advanced level.

SAP FICO Training in Delhi

SAP FICO Training helps you to develop your IT skills through our wide variant training curricula. TekSlate in Delhi has immense experienced real-time professionals having years of experience. Our training program is very much mixed with both practical and interview point of questions to achieve the expertise in the subject.

Faq's

What Are The Modes Of Training?

Tekslate basically offers the online instructor-led training. Apart from that we also provide corporate training for enterprises.

Who Are The Trainers?

Our trainers have relevant experience in implementing real-time solutions on different queries related to different topics. Tekslate also verifies their technical background and expertise.

What If I Miss A Class?

We record each LIVE class session you undergo through and we will share the recordings of each session/class.

Can I Request For A Support Session If I Find Difficulty In Grasping Topics?

If you have any queries you can contact our 24/7 dedicated support to raise a ticket. We provide you email support and solution to your queries. If the query is not resolved by email we can arrange for a one-on-one session with our trainers.

What Kind Of Projects Will I Be Working On As Part Of The Training?

You will work on real world projects wherein you can apply your knowledge and skills that you acquired through our training. We have multiple projects that thoroughly test your skills and knowledge of various aspect and components making you perfectly industry-ready.

How Will I Execute The Practical?

Our Trainers will provide the Environment/Server Access to the students and we ensure practical real-time experience and training by providing all the utilities required for the in-depth understanding of the course.

If I Cancel My Enrollment, Will I Get The Refund?

If you are enrolled in classes and/or have paid fees, but want to cancel the registration for certain reason, it can be attained within 48 hours of initial registration. Please make a note that refunds will be processed within 30 days of prior request.

Will I Be Working On A Project?

The Training itself is Real-time Project Oriented.

Are These Classes Conducted Via Live Online Streaming?

Yes. All the training sessions are LIVE Online Streaming using either through WebEx or GoToMeeting, thus promoting one-on-one trainer student Interaction.

Is There Any Offer / Discount I Can Avail?

There are some Group discounts available if the participants are more than 2.

Who Are Our Customers & Our Location ?

As we are one of the leading providers of Online training, We have customers from USA, UK, Canada, Australia, India and other parts of the world.

Course Reviews

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