What does SAP FICO training cover?

SAP FICO (Financial Accounting and Controlling) training covers a comprehensive range of topics and modules aimed at equipping participants with the knowledge, skills, and expertise required to effectively manage financial processes within organizations using SAP ERP systems. The training typically combines theoretical concepts with hands-on exercises, case studies, and real-world scenarios to provide a holistic learning experience. Join SAP FICO Course in Pune.

Here's a detailed overview of what SAP FICO training covers:

1. Financial Accounting (FI) Module:

1. General Ledger Accounting:

   • Chart of Accounts
   • General Ledger Master Data
   • Posting Key and Document Type
   • Journal Entries and Document Posting
   • Financial Statement Version

2. Accounts Payable (AP) and Accounts Receivable (AR):

   • Vendor and Customer Master Data
   • Invoice Processing
   • Payment Processing
   • Credit Management
   • Dunning Process

3. Asset Accounting:

   • Asset Master Data
   • Asset Acquisition and Depreciation
   • Asset Retirement and Transfer
   • Asset Valuation and Reporting

4. Bank Accounting:

   • Bank Master Data
   • Bank Reconciliation
   • Electronic Bank Statement (EBS)
   • Payment Processing

5. Financial Closing and Reporting:

   • Month-end and Year-end Closing Activities
   • Financial Reporting and Analysis
   • Consolidation and Intercompany Processing

2. Controlling (CO) Module:

1. Cost Element Accounting:

   • Primary and Secondary Cost Elements
   • Cost Element Master Data
   • Cost Element Groups

2. Cost Center Accounting:

   • Cost Center Hierarchy
   • Cost Center Master Data
   • Cost Allocation and Distribution
   • Internal Orders

3. Profit Center Accounting:

   • Profit Center Standard and Actual Hierarchy
   • Profit Center Master Data
   • Profit Center Planning and Reporting

4. Product Costing:

   • Costing Types (Standard Costing, Actual Costing, and Mixed Costing)
   • Material Costing
   • Cost Component Structure
   • Overhead Cost Controlling

5. Profitability Analysis (CO-PA):

   • Characteristics and Value Fields
   • Operating Concern
   • Costing-Based and Account-Based CO-PA
   • Profitability Reports and Analysis

3. Integration with Other SAP Modules:

• Integration with SAP MM (Materials Management): Procurement Processes, Material Ledger Integration. Join SAP FICO Classes in Pune.
• Integration with SAP SD (Sales and Distribution): Sales Order Processing, Billing, Revenue Recognition.
• Integration with SAP PP (Production Planning): Product Cost Planning, Work in Process (WIP) Calculation.

4. Additional Topics:

• SAP FICO Configuration: Customizing SAP FICO settings to align with organizational requirements.
• Reporting and Analytics: Using SAP reporting tools (such as SAP Query, SAP Report Painter, SAP BusinessObjects) for financial analysis and reporting.
• Financial Planning and Budgeting: Utilizing SAP FICO functionalities for budgeting, forecasting, and financial planning processes.

Conclusion:

In conclusion, SAP FICO training covers a wide range of topics and modules related to financial accounting, management accounting, reporting, analysis, and integration with other SAP modules. By gaining proficiency in SAP FICO, participants can acquire the skills and expertise required to effectively manage financial processes, support decision-making, and drive business success within organizations. With its comprehensive curriculum, hands-on exercises, and real-world applications, SAP FICO training prepares individuals for a variety of roles and career opportunities in the field of financial management and ERP systems. Join SAP FICO Training in Pune.