SAP FICO Training

SAP FICO Training Bangalore

AP FICO Stands for FI (Financial Accounting) and CO (Controlling). SAP FICO is that the vital module of ERP and each FI and CO modules store the monetary connected exchanges data. SAP Fico coaching materials shows you regulated during a easy system. Excercises ar supposed for SAP tenderfoots and SAP specialists with the goal that you just will prepare and execute SAP FICO consequently. FI and CO ar the middle modules of SAP. they're firmly incorporated with Sales and Distribution Module ( SD) and Materials administration (MM) module.

SAP monetary Accounting (FI) is that the center module wherever all the financial getting ready exchanges ar caught. this is often the module that's utilized to create statutory monetary Statements for outdoor news functions. Works in SAP FI will mainly be isolated into account book Accounting (G/L), assets and Accounts Payable(ar/AP) remodeling, and stuck plus Accounting (AA)

SAP dominant (CO) module encourages offer operational information to the administration of a company to assist business investigation and selection creating. CO speaks to the inward clerking perspective of AN association. It offer information to administrators to assist administrate expenses and operations of the association.

SAP alludes External Accounting as "Monetary Accounting"(sap-FI) whereas Internal Accounting is alluded as social control Accounting(sap-CO).

SAP FICO educational category is ideal for account specialists, Sapconsultants, cash understudies and bookkeepers. SAP FICO authority Certification makes one's master active and intuitive SAP reproductions. SAP FICO module is one among the vital modules in SAP. educba SAP Academy offers SAP educational category which will assist you qualify within the SAP examination at the primary endeavor. Grow your business reach by accomplishing the reported SAP FICO Certification.

SAP FICO Training

1.0 Introduction

ERP Concepts
Role of SAP Consultant
Why SAP is in demand?
Finance Overview: Transaction, Accounts and Accounting.
2.1 General Settings

Define Company, Company Code, Credit Control Area, Business Area, Chart of Accounts and Fiscal Year. Assign Company Code to Company, Chart of Accounts and Fiscal Year, Create Tax Procedure and Attach to the Country
2.2 Posting Period

Define Posting Period Variant
Assign Posting Period Variant to company code
Define Open and Close Posting periods
2.3 Document

Define Document Types and Number Ranges
2.4 Account Group and Retained Earning Account

Define Account Group and Retained Earning Account
2.5 Field Status Variant:

Maintain Field Status Variant
Assign Field Status Variant to Company Code
2.6 Tolerance Group

Tolerance Group for GL Accounts
Tolerance Group for Employees
Assigning Users to Tolerance Groups
2.7 Other Basic Steps

Enable Fiscal Year Default
Enable Default Value Date
Check Company Code settings in Global parameters
2.8 Other topics in GL

GL Master Creation
Journal Entry Posting
Blocking of an GL Account

Unblocking of an GL Account
Changing of GL Master
Display Changes/What Changes/how it was done
Parking of an account
Releasing the parking document by changing the amount.
Releasing the parking document by deleting the document
Difference between Park and Hold documents
How to see an Account Balance
2.9 Reference Documents

Sample document
Account Assignment Model
Recurring Entries
2.10 Reversal of Document

Normal Reversal/Individual Reversal
Mass Reversal
Reversal of the Reversal
2.11 Open Item Management

Full Clearing
Partial Clearing
Residual Clearing
3.0 Accounts Receivable(AR)

Accounts Receivable(AR)
3.1 Settings in AR

Account Group Creation
Field Status
No. Range Group and No. Ranges
Assigning No. Range Group to Account Group
Tolerance Group for Customers
GL Accounts and Customer Master Creations
Document Types and No. Ranges
Posting Keys
Invoice Posting
Incoming Payment
Clearing Open Items
3.2 Down Payment

Down Payment
Establishment between Recon a/c and Alternative Recon a/c
Down Payment in Short-Cut Method
Customer Credit Memo

Correspondence
4.0 Accounts Payable(AP)

Accounts Payable(AP)
4.1 Settings in AP

Account Group Creation
Field Status
No. Range Group and No. Ranges
Assigning No. Range Group to Account Group
Tolerance Group for Vendors
GL Accounts and Vendor Master Creations(Bank Accounts)
Document Types and No. Ranges
Posting Keys
Invoice Posting
Outgoing Payment
Clearing Open Items
4.2 Down Payment

Down Payment
Establishment between Recon a/c and Alternative Recon a/c
Down Payment in Short-Cut Method
Vendor Credit Memo

Correspondence
5.0 Special and Important Topics

Sales Tax
Clearing Outstanding between Customer and Vendor
Cash Discount
Integration between FI and MM
Integration between FI and SD
Financial Statement Version
6.0 Asset Accounting(AA)

Chart of Depreciation
Account Determination
Screen Layout
Asset Master Creation
Asset Class
Depreciation Keys etc.
Acquisition of Asset
Asset Sale
Scrapping of an Asset
Transfer of Asset
7.0 Reports and Management Information System

GL Reports
AR Reports
AP Reports
AA Reports
MIS
CONTROLLING

Controlling Basic Settings
Defining Controlling Area
Assigning Controlling Area to Company Codes
Defining Number Ranges for Controlling Documents
8.0 Cost Element Accounting

Creating Cost Element Groups
Manual Creation of Primary and Secondary Cost Elements
Automatic Creation of Primary and Secondary Cost Elements
9.0 Cost Center Accounting

Creating Cost Center Hierarchy Key
Creating Cost Center Groups
Creating Cost Centers
Manual Repost Line Items
Automatic Reposting Line Items
Periodic Reposting
Creating Distribution Cycle
10.0 Internal Orders

Creating Order Types
Creating Number Ranges
Creating Internal Orders
11.0 Profit Center Accounting

Creating Profit Center Hierarchy
Creating Profit Center Groups
Creating Profit Centers
Creating Dummy Profit Center
Automatic Assignment of Balance Sheet A/c and P&L A/c to profit centers
12.0 Overview of Product Costing

Overview of Product Costing
13.0 Overview of Profitability Analysis

Overview of Profitability Analysis
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