SAP FICO course

SAP FICO (Financial Accounting and Controlling) is a comprehensive software module within SAP ERP (Enterprise Resource Planning) that focuses on managing financial transactions, reporting, and controlling in organizations. It covers areas such as accounting, financial planning, budgeting, and financial analysis. A SAP FICO course provides in-depth training on configuring, using, and optimizing this module, enabling individuals to become proficient in financial management, reporting, and compliance within SAP's integrated business environment. It is essential for finance professionals, accountants, and consultants seeking to enhance their skills and contribute to efficient financial processes in businesses.

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About Course

SAP FICO training is a comprehensive program designed to equip individuals with the knowledge and skills necessary to effectively manage financial processes and reporting within SAP's ERP system. SAP FICO course typically covers a wide range of topics, including

Financial Accounting (FI) Participants learn how to manage financial transactions, maintain general ledger accounts, and handle accounts payable and receivable. They also explore topics like asset accounting and bank accounting.

Controlling (CO) CO training focuses on cost and profitability analysis, budgeting, and internal reporting. Participants gain insights into monitoring and optimizing business processes to enhance profitability.

Integration with Other Modules SAP FICO is tightly integrated with other SAP modules like Materials Management (MM) and Sales and Distribution (SD). Training often includes an understanding of these integrations to provide a holistic view of business processes.

Reporting and Analytics Trainees learn how to generate financial reports, use SAP's reporting tools, and analyze financial data to support decision-making.

Configuration Participants delve into the configuration of SAP FICO to tailor the system to specific organizational needs, ensuring it aligns with business requirements and compliance standards. SAP FICO training online & offline is valuable for financial professionals, accountants, consultants, and IT professionals working in finance departments, as it enhances their career prospects by making them proficient in using SAP's financial management tools.

Benefits of doing SAP FICO certification

SAP FICO training online & offline is primarily focused on providing you with the much-needed skills to begin working in the field of SAP FICO. This training can be crucial in your career and you can gain a lot from this course. Obtaining SAP FICO certification offers several valuable benefits:

Enhanced Career Opportunities

SAP is widely used by organizations worldwide for financial management. Certification demonstrates your expertise and makes you a desirable candidate for finance and accounting positions in these organizations.

Higher Earning Potential Certified SAP FICO professionals often command higher salaries than non-certified individuals in similar roles due to their specialized skills and knowledge.

Global Recognition SAP certifications are globally recognized and respected, making it easier to pursue career opportunities in different countries or regions.

Skill Validation Certification validates your proficiency in SAP FICO, assuring employers of your ability to manage financial processes effectively and efficiently.

Improved Job Security As organizations rely on SAP for their financial operations, certified professionals are more likely to secure their jobs and advance in their careers.

Access to SAP Resources Certification typically provides access to SAP's extensive knowledge resources, including documentation, support, and updates, enabling continuous learning and skill improvement.

Increased Responsibility Certified professionals are often entrusted with more significant responsibilities, such as system configuration, implementation, and consulting, leading to a more diverse and rewarding career.

Business Process Understanding Certification helps you gain a deep understanding of financial and controlling processes within organizations, enabling you to provide valuable insights and solutions.

Consulting Opportunities Certified SAP FICO professionals are often sought after by consulting firms to assist organizations in implementing and optimizing SAP solutions, opening doors to a consulting career.

Professional Network Joining the community of SAP-certified professionals allows you to network with peers, share experiences, and learn from others in the field.

Continuous Learning SAP regularly updates its software, and maintaining certification may require ongoing education, ensuring that you stay current with the latest industry trends and best practices.

In summary, SAP FICO certification not only validates your expertise in financial accounting and controlling but also opens up a world of career opportunities, higher earning potential, and professional growth in the dynamic field of SAP and ERP systems.

Course Curriculum

1. Course curriculum

The SAP FICO course curriculum typically covers core financial and controlling aspects in SAP ERP. It includes financial accounting processes, such as general ledger accounting, accounts payable, accounts receivable, asset accounting, and bank accounting. In controlling, it explores cost element accounting, cost center accounting, profitability analysis, and internal orders. Integration with other SAP modules like MM (Materials Management) and SD (Sales and Distribution) is emphasized. Students learn SAP configuration, reporting using SAP tools, and compliance with accounting standards. The curriculum equips learners with essential skills for financial management, reporting, and analysis in SAP, making them proficient in handling financial processes in organizations.

2. Finance & Controlling

Introduction to ERP and SAP

Overview of Full Life Cycle

Overview of All FunctionalModules

3. SAP Overview

History of SAP

Organization

Technology

Implementation Tools (ASAP and Solution Manager)

System Landscape

Roles and Responsibilities of a Consultant

Types of Projects

Change Transport System

4. Navigation

Logging on to the R/3System

Screen Elements

Creating Favorites

Adding Transaction to Favorites

5. Enterprise Structure

Company code

Company

Business Area

Functional area

6. Financial Accounting

Basic Settings

Overview of Organizational Elements inAccounting

Organizational Units

Define and Assign Organizational Units for Finance: Ex: - Country, Regions,

Company, Company Codes, Business Areas, Functional Areas, etc

Variant Principle

Fiscal Year and Posting Periods

Field Status Variants

Document types and Number Ranges

Posting Keys

Define Tolerance for GL Accounts and Employees

Global Parameters

7. General Ledger

Master Data Overview

Chart of Accounts

Types of Chart of Accounts

Define and Assign Chart of Accounts,

Define Account Groups and Screen Layout for GL Accounts,

Define Retained Earnings Account,

Creaflons of GL Accounts Master Records,

Postings, Display GL Account Balances and Document

8. Currencies

Maintain Exchange Rates Maintain Table

Define Translation Ratios for Currency

Define Accounts for Exchange Rate Differences

Posting with Foreign Currency

Define Methods for Foreign Currency Valuation

Prepare Automatic Posflng for foreign currency valuation

Revaluation of foreign currency balances

9. Accounting Documents

Parking Document

Holding Document

Reference Document

Recurring Document

Sample Document

Account Assignment Model

Fast Data Entry

10. Reversals

Individual Reversals

Mass Reversals

Reversals of Reversals

Cleared item Reversals

11. Bank Accounting

Define House Banks with Bank Accounts

Creation of check number ranges for check lot

Define void reason codes

Issue of a check

Manual payment

Cancellation of issue check with reason codes

Check register

Validations and Substitutions

Define Validation for posting

GL Posting to check Validation

12. Accounts Payables

Overview on Procurement Process

Overview on Vendor Master Data

Define Account Groups with Screen Layout

Define Number Ranges for Vendor Accounts

Assign Number Ranges to Vendor Account Groups

Reconciliation Accounts

GL Account Creation

Creation of Vendor Master Records

Vendor Document Types and Number Ranges

Posting Keys

Define Payment Terms

Define Tolerance for Vendors/Customers

Posting of Purchase Invoices

Display Vendor Line Items

Outgoing Payments

Vendor Clearings

Credit Memo Postings

Special GL Transacflons (Down Payments Made)

Down Payments

Clearing of Down Payments against invoices

Reason Codes for under and over Payment

Automatic Payment Program

13. Accounts Receivables

Overview on Sales Process

Complete Customer Master Data

Define Account Groups with the Screen Layouts

Create Number Ranges to Customer Accounts

Assign Number Ranges to Customer Account Groups

Reconciliation Accounts

Create Customer Master Records

Document Types and Number Ranges

Posting Keys

Payment Terms

Posting of Sales Invoices

Incoming Receipt with Clearings

Display Customer Line Items

Display GL Account Balances

Special GL Transactions (Down Payments Received)

Posting of Down Payments (Advance Receipt)

Clearing of Down Payments

Customer Credit Memo

Dunning Procedure.

14. Management of Account

Open Item Management

Types of Payments

Standard Payment

Partial Payment

Residual Payment

15. Taxes

Tax on Sales &Purchases

With Holding Tax (TDS)

Country India Version (CIN)

16. Asset Accounting

Overview on Asset Accounting

Depreciation Methods

Organizational Structures

Chart of Depreciation

Depreciation Areas

Account Determination

Screen Layout

Number Ranges

Functions of Asset Classes

Creation of GL Accounts

Assign GL Accounts

Calculation Methods

Depreciation Keys

Screen Layout for Asset Master Data

Asset Master Records

Sub Asset Master Records

Acquisition of Assets

Depreciation Run

Retirement of Assets

Transfer of Assets

Scrapping of Assets

Reports on Asset Accounting

17. Cash Journal

Cash Journal Configuration

Cash Journal Transaction

18. Closing Operations

GL Report

AR Report

AP Reports

AM Reports

Scheduler Manager

19. Integration with Other Modules

FI-MM

FI-SD

FI-HR

20. Controlling

General Controlling

Integration with FI

Budgeting

CO Enterprise structure

Cost and Revenue Element Accounting

Cost Center Accounting

Internal Orders

Profit Center Accounting

Product Costing

Profitability Analysis (CO-PA)

Integration with the Other Modules

Course Highlights

project based training course

Certified & Industry Experienced Trainers

Beginner To Expert-Level Training

Best-In-Class Training Curriculum

Online & Offline Training Modes

Project Deliverables

General Ledger Setup

Accounts Payable Vendor Master Data Creation

Accounts Receivable Customer Master Data Creation

Asset Master Data Entry

Bank Reconciliation

Accounts Payable Invoice Entry

Who Can Apply?

Finance and Accounting Professionals Individuals with a background in finance, accounting, or related fields often seek SAP FICO certification to enhance their skills and career prospects.

IT Professionals IT consultants, developers, and system administrators who work with SAP systems may pursue certification to specialize in SAP FICO and support financial processes.

Consultants SAP consultants, especially those focusing on SAP implementation and consulting services, find certification valuable to provide expert guidance to clients.

Business Analysts Professionals involved in business analysis and process improvement may pursue SAP FICO certification to understand and optimize financial processes within organizations.

Students and Recent Graduates Some certification programs are open to students and recent graduates who want to start their careers in SAP and gain a competitive edge in the job market.

Experienced SAP Users Those already working with SAP systems but seeking formal recognition of their skills in SAP FICO can also apply for certification.

Job Roles

SAP FICO Consultant

As an SAP FICO consultant, you will work on SAP implementation and optimization projects for organizations. Your role involves configuring SAP FICO modules, providing consulting services, and ensuring that the system aligns with the client's financial needs.

Financial Analyst

Financial analysts use SAP FICO skills to analyze financial data, create reports, and provide insights to support strategic decision-making. They work closely with finance teams to optimize financial processes.

SAP FICO Functional Analyst

This role involves understanding business requirements and translating them into SAP FICO configurations. Functional analysts ensure that SAP systems meet the financial needs of the organization.

Financial Accountant

Financial accountants manage financial transactions, prepare financial statements, and ensure compliance with accounting standards. SAP FICO knowledge is valuable for maintaining accurate financial records.

Cost Accountant

Cost accountants use SAP FICO to track and analyze costs associated with production, inventory, and various business processes. They help organizations manage costs effectively.

Finance Manager

Finance managers oversee an organization's financial operations, including budgeting, forecasting, and financial reporting. SAP FICO expertise is valuable in this leadership role.

our faculties

Pooja Pandey

SAP ERP HCM Consultant & Trainer

An Industry-Experienced SAP ERP HCM Consultant & Traine, equipped with extensive knowledge of SAP ERP tools and technologies. With a track record of excellence in guiding and mentoring over 1500+ candidates in SAP ERP. She is having 2+ Experience in SAP ERP HCM Consultant as well as in training.

Career Services

profile building

We help in Creating & growing your professional profile that will make you stand out in the professional world.

interview preparation

We conduct multiple mock interview sessions with various tips & tricks that will make you habitual & confident in an interview environment.

job placement

Our dedicated team continuously works on finding & providing multiple opportunities for the students and provides 100% placement assistance.

Testimonials

Certification

SAP FICO certification is a globally recognized credential offered by SAP, validating expertise in SAP's financial management modules. It demonstrates proficiency in configuring, implementing, and optimizing financial and controlling processes within SAP ERP systems. The certification typically involves rigorous training, covering topics like general ledger accounting, asset accounting, cost accounting, and financial reporting. Earning SAP FICO certification enhances career prospects, job opportunities, and earning potential for finance professionals, IT consultants, and SAP experts seeking to specialize in financial management within organizations. Join Brillica Service’ SAP FICO training online & offline with certification & make your career in SAP FICO.

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Frequently Asked Questions

1. What is the SAP FICO course?

The SAP FICO (Financial Accounting and Controlling) course is a training program that teaches financial management, accounting, and controlling processes within SAP's ERP system, enhancing financial professionals' skills.

2. Is SAP FICO a good career?

Yes, SAP FICO offers a promising career. It's in demand globally, offering job stability, high earning potential, and opportunities in finance, consulting, and IT across various industries.

3. Is SAP FICO very difficult?

SAP FICO can be difficult or easy depending on your practice & focus. If you learn the foundations correctly and implement them on real-life projects then it is not that hard.

4. Who is eligible for SAP FICO?

Eligibility for SAP FICO courses typically includes finance professionals, accountants, IT consultants, and students with relevant educational backgrounds. Prerequisites may vary depending on the specific course and certification level.

5. Is SAP FICO in demand?

Yes, SAP FICO professionals are in high demand globally as organizations rely on SAP for financial management and reporting, making it a sought-after skill in finance and IT sectors.

6. What is the fresher salary after SAP FICO in India?

The fresher salary for SAP FICO professionals in India varies but generally ranges from ₹4-6 LPA, & it varies according to the location & your expertise.

7. Does SAP FICO have a future?

Yes, SAP FICO has a promising future as businesses continue to rely on SAP for financial management. Skilled professionals will remain in demand for system implementation and optimization.

8. Is SAP FICO a good career in 2023?

Yes, SAP FICO continues to be a strong career choice in 2023, offering opportunities, high demand, and competitive salaries in finance, IT, and consulting sectors worldwide.

9. What is the full form of FICO?

FICO stands for "Financial Accounting and Controlling," a module within SAP's Enterprise Resource Planning (ERP) system for managing financial processes.

10. Is SAP FICO used in banks?

Yes, SAP FICO is used in banks for financial accounting, controlling, and reporting. It helps manage transactions, monitor budgets, and ensure compliance with financial regulations.

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SAP FICO course

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About Course

Benefits of doing SAP FICO certification

Course Curriculum

Course Highlights

Who Can Apply?

Job Roles

our faculties