SAP- FICO

Transform Financial Management Process to Run a Truly Live Business
SAP FICO stands for SAP Financial Accounting and Controlling, the training course covers Accounts Receivable, Accounts Payable, General Ledger, Post Accounts, Close Books, Financial Statements and Balance Sheet.

SAP Financial Accounting (FI) is an important core module where in live-time, the financial processing transactions are all captured to provide the basis via which data is drawn for external reporting. This SAP FI Module is integrated with many parallel modules that enable a company to unify processes that may have needed the utilization of many software packages. imparts real-time and placement oriented SAP FICO training in Bhubaneswar.

Our SAP FICO Course syllabus covers,General Ledger Accounting, Cash and Bank Accounting, Accounts Payable,Accounts Receivable,Asset Accounting,SAP FI Consultant Level,Controlling Area,Master Records,Cost Element,Cost Centre Accounting,Transaction – Based posting,Profit Centre Accounting,Repost CO Line Items ( Using FI Document ) Statistical Key Figures with lots of live practical examples.

We guide our SAP FICO training students to be a certified at end of our course.

SAP FICO training course content contains basic to advanced levels.

FINANCIAL ACCOUNTING INRODUCTION

  • Introduction to ERP
  • Introduction to SAP & R/3 Architecture
  • ASAP and agile Methodology
  • Introduction to HANA AND S4 HANA
  • Modules in SAP and their coverage
  • Overview of ABAP, BASIS, MM, PP, PS AND SD
  • What is Fl/CO
  • Sub modules in Fl & CO
  • Introduction to G/L (New G/L), A/P, AR/Banking/AA
  • Introduction to CEA, CCA, EC-PCA, Internal Orders, CO- PA and PC
  • Concepts of Integration with MM,PS,HR and SD

    • ENTERPRISE STRUCTURE, BASIC FINANCIAL SETTINGS & GL

  • Defining company
  • Configuring company code
  • Defining business area
  • Assigning company code to company
  • Chat of Accounts — Types of COA
  • Fiscal Year Variant — Types of Fiscal Years
  • Posting Period Variant
  • Open and Close Posting Periods
  • Multiple Currencies and Exchange Rate Maintenance
  • Field Status Variants & Groups
  • Defining posting keys
  • Defining tolerance groups for GL & Employees
  • Other Aspects of Global Parameters
  • Chart Of Accounts
  • Define Account Groups
  • Define Retained Earnings Account,
  • General Ledger Accounting
  • General Ledger Postings
  • Document display and account display
  • Park Document, Hold Document and Account Assignment Model Sample document
  • Month end Provisions-Accrual/Deferral Documents and Open Item Management
  • Standard Payment, Partial and Residual items method
  • Define void reason codes
  • Reversal of documents-types of reversals

    • NEW GL CONCEPTS

  • Introduction to Multiple Ledgers for Local GAAP, IFRS
  • Define and Activate New G/L
  • Activation and Specification of Additional Ledgers
  • Define Currency for Additional Ledgers
  • Define Document types for Entry View
  • Documents in G/L-Ledger & Ledger Group, Foreign Currency, Special Periods.
  • Foreign currency valuation
  • G/L automatic Clearing Maintenance
  • Transfer Balances and Carry Forward (B/S & P/L Items)
  • Foreign Currency Exchange rate types Creation
  • Foreign Currency translation ratios creation
  • Maintenance of Exchange rates in Forex table
  • Foreign Currency postings
  • Revaluation of Foreign currency Balances
  • Financial Statement Version (FSV) creation-B/S & P/L
  • G/L Reports
  • Segment reporting
  • Define Document Splitting for G/L accounting
  • Activate Document Splitting
  • Passive document splitting
  • Zero balance Clearing process
  • CO-Fl reconciliation

    • S/4 HANA FINANCE (SIMPLE FINANCE)

  • Introduction to HANA
  • Introduction to S4 HANA
  • Introduction to Simple Finance
  • Introduction to Simple Finance Add-on
  • Introduction to S/4 Hana (Finance)
  • Introduction to Fiori
  • Introduction to Net Weaver Business Client « Introduction to Universal Journal
  • Changes in Basic Customization
  • Changes in General Ledger Accounting
  • Changes in Accounts payable
  • Changes in Bank Master Data Creation
  • Changes in accounts receivable
  • Changes in Asset Accounting
  • Changes in Controlling
  • New Functionalities in General Ledger Accounting
  • New Functionalities in Accounts Payable
  • New Functionalities in Accounts Receivable
  • New Functionalities in Asset Accounting
  • New Functionalities in Controlling
  • Tables in ECC6 and Simple Finance Release notes on Simple Finance Overview of Cash Management
  • Overview of Integrated Business Planning
  • MIGRATION TO S/4 HANA FINANCE
  • Prerequisites for migration- Migration Methodology from Classical GL, Migration Methodology from New GL
  • Preparations and Migration of Customizing
  • Settings for Journal Entry ledger
  • Settings for General Ledger
  • Settings for Controlling
  • Settings for Asset Accounting
  • Settings for House Banks Activities after Migration
  • Configuring New Functionalities in S/4 Hana
  • Universal Journal
  • Convergence of GL account & Cost Element
  • New Data structures and Obsolete Data Structures
  • Improvements in Period End Closing
  • Overview of New Cash Management Solution
  • Overview of Integrated Business Planning New Ledger Concept
  • Central Finance/Central Journal
  • New Asset Accounting
  • Various restrictions and limitations
  • Key release notes
  • Key reports delivered by Simple Finance
  • New Fiori reports delivered by Simple Finance
  • Key Changes in Logistics (MM, SD AND PP)
  • Changes in Simple Finance 2020

    • ACCOUNTS PAYABLES

  • Defining Vendor Account Groups
  • Number range creation for Vendor account groups
  • No range assignment for Account groups
  • Define tolerances for vendors and customers
  • Document Types for Vendor transactions
  • Creation and Maintenance of Reconciliation Accounts for Vendor Data update in GL
  • Creation of Customer Master Data
  • Special GL Transactions
  • Automatic determination of G/ L Accounts for Taxes, Foreign Exchange (Realized and un Realized Accounts)
  • Terms of Payment
  • House Banks
  • Check lots creation, Check Register, Check Maintenance, Issue, Void Etc.
  • Check Cancelation, Check encashment process
  • Payment methods- check and bank transfer methods
  • Automatic Payment Program
  • APP In depth Scenarios — Free selection, blocking, tolerance days, minimum cash discount, max cash discount, individual payments, partial payments, down payments, reprinting of checks etc.
  • Payment process using DME
  • Payment process using IDOCS

    • ACCOUNTS RECEIVABLES

  • Defining Customer Account Groups
  • Number range creation for Customer account groups
  • Number Range assignment for Account groups
  • Document Types for Customer transactions
  • Creation of Reconciliation Accounts for Cutomer Data update in GL
  • Creation of Customer Master Data
  • Special GL Transactions
  • Automatic determination of G/ L Accounts for Taxes, Foreign Exchange (Realized and un Realized Accounts)
  • Item interest calculation
  • Dunning Procedure
  • Down Payments, Bills of Exchange and Guarantees
  • Customer Vendor Clearing Process
  • Bad debts and provision management
  • Customer Payment Process through APP

    • BANK AND CASH ACCOUNTING

  • BRS Basics
  • Manual & Electronics Bank Statement
  • Cash Journal

    • TAXES – GST AND TDS

  • Basics of GST, Types of GST and applicability
  • Creation of GST Tax Calculation Procedure
  • Creation of condition types and account keys
  • Creation of Tax codes
  • Assigning GL accounts for tax postings
  • Input tax credit concept & VAT
  • Withholding Taxes(TDS)- Basics of TDS
  • Purpose and overview of TDS
  • TDS configurations

    • project

    ASSET ACCOUNTING

  • Chart of Depreciation
  • Define 0% tax Codes for Asset accounting
  • Asset Classes and Account determination
  • Depreciation Areas- Companies Act, IT Act, 'FRS & US GAAP
  • Screen Layout Rules and Number range Assignments
  • Depreciation Areas for Parallel Currencies
  • Asset Accounting Account determination Process
  • Group Assets
  • Depreciation Keys
  • Asset Master data ( Main and Sub Assets)
  • Overview of Revolution of Assets
  • Introduction to Inflation Accounting
  • Asset Acquisition ( Direct and AuC)
  • Deprecation Process
  • Asset retirement (Scrapping, with Revenue with Customer and without Customer)
  • Inter and Intra Asset Transfers
  • Asset Reports/ With Different variants and Asset explorer
  • Strategy on data Migration related to Assets ( Legacy Assets- upload process)
  • Asset procurement with Financial Module
  • Asset procurement with MM Module
  • Asset Sale Process with SD +GL+AA Integration
  • Unplanned deprecation posting
  • Revaluation of assets
  • Asset catch and smoothing
  • Auc settlement to Main assets
  • Asset Integration Process with PS Module

    • FI-MM INTEGRATION

  • Fl — MM Integration( Conf. from MM to attain PO, GR and IR)
  • Account Assignment Categories in PO and business process to be used with different Account Assignment categories.
  • Valuation Area, Valuation class and its importance in Material Master.
  • Accounting aspects from Material Master
  • Material Movement Types
  • OBYC and G/L account assignments for MM integration
  • Fl +MM Integration with GST
  • Procurement of direct material
  • Procurement of indirect material
  • Procurement of Assets
  • Procurement of services
  • In depth P2P CYCLE Explanation and its Fl association.
  • Price differences and their handling

    • FI-SD INTEGRATION

  • FI+ SD Integration with GST
  • Pricing condition types and their usage
  • Importance and use of sales area, sales organization, distribution channel
  • In depth 02C CYCLE Explanation and its Fl association
  • Revenue Reorganization Process in Fl and SD Integration
  • VKOA and GL account assignments for Fl- SD integration
  • Sale of goods including Trading Goods & Finished Goods
  • Service sales

    • CONTROLLING (CO)

  • Define Controlling Area
  • Maintaining control area settings
  • Importance of Different Fields in controlling Area
  • Assignment of Controlling area to Company Codes
  • Maintaining number ranges for controlling documents
  • Maintain versions
  • Activate components in controlling Area

    • COST ELEMENT ACCOUNTING

  • Primary Cost and secondary Cost Elements
  • Cost Element categories
  • Cost Element groups
  • Cost Element report Groups Cost Center Hierarchy
  • Cost Center Group
  • Cost Center Categories
  • Cost Center Mater
  • Activity Type
  • Statistical Key Figures
  • Manual Reposting of Costs
  • Reposting, Distribution and Assessment
  • Repost Line Items
  • Activity type categories
  • Planning and Budgeting of Cost Elements
  • Define Planner Profile, Versions for Planner Profile
  • Planning VS Budgeting of Cost centers
  • Cost Center Report

    • INTERNAL ORDERS

  • Order Management in Controlling Area
  • Define and Assign number ranges to Order Groups
  • Types f orders
  • Model Orders
  • AuC (Assets) process with Internal Order (Real)
  • Investment Management Integration with Internal Orders
  • Month end and final Settlements of Internal Orders
  • Information System ( Reports) for Internal Order

    • PRODUCT COSTING & MATERIAL LEDGER

  • Configuration of product costing
  • Maintain overhead cost elements
  • Maintain overhead keys
  • Define cost component structure
  • Maintain Overhead cost Elements
  • Define Costing Sheets
  • Define Overhead Keys and Groups
  • Define Cost Component Structure
  • Variance Calculation
  • Work in Progress
  • Settlement
  • Variance Calculation
  • Work In Progress
  • Settlement
  • Product Cost by Sales
  • Result Analysis
  • Settlement
  • Product Costing by Planning
  • Product Costing by Order
  • Product Costing by Period
  • Product Costing by Sales Order with MM,SD,PP and COPA Integration
  • Define and Activate Material Ledger
  • Assign Currency types to Material Ledger
  • Dynamic Price Change in ML
  • Other Aspects of ML
  • Material Costing

    • CO – PA

  • Define Operating Concern
  • Define Characteristics and Value fields
  • Define Profitability Segment Characteristics
  • Define Characteristic Hierarchy and Derivation
  • Maintenance and Assignment of Value fields
  • Transfer of Billing Documents to COPA
  • Automatic Account Assignment
  • Maintain PA Transfer structure for Direct Fl Postings
  • Information System in COPA

    • PROFIT CENTER ACCOUNTING

  • Maintain profit Center and Activation of Company Codes in profit center
  • Control Parameters for Actual data
  • Plan versions
  • Profit Center Standard Hierarchy
  • Profit Center Groups
  • Primary Cost planning Process
  • Transfer pricing Process with profit Center
  • Maintain planner profiles
  • Distribution & Assessment
  • Automatic Account Assignment for Revenue Elements
  • Reports in Profit Center Accounting.

    • REAL TIME CONCEPTS

  • Preparation of Functional specs for Reports
  • LSM W/ BDC
  • Report Painter
  • Resolving tickets with Real time scenarios
  • Implementation, Support and maintenance process
  • Complete Real Time Projects in ECC and S/4 HANA
  • Month end Activities
  • Year end Activities
  • Ticketing tool Process (Solution Manager)

    • Highlights

  • Concept wise Assignments by integrating real time scenarios
  • Concept wise Interview Questions
  • Concept wise Mock Interviews
  • Allow in any number of batches
  • Real time objects for most of the concepts parallel to the course
  • Final assignment by integrating most of the concepts
  • Project with real documents
  • Final mock interview by covering all the concepts
  • Support until get offers
  • References
  • Project with real documents
  • Resume preparation
  • Support project work