With an emerging number of job offers available worldwide, SAP FICO is the most demanded SAP skill worldwide. Simply put, SAP FICO helps organizations generate and manage financial statements for several purposes: analyzing, reporting, planning, and decision making. This core operational element in SAP ERP allows companies to store and manage their financial data, including transaction data.
Our SAP FICO course trains you to work on SAP ERP tools and offers tips and tricks to control organizations’ transactions and handle financial accounting effectively. SAP FICO contains two parts; SAP Finance (SAP FI) and SAP Controlling (SAP CO), which align with financial procedures. While SAP FI focuses on comprehensive financial reporting and accounting, SAP CO is about planning and monitoring costs. Although the modules were initially introduced as two separate modules, they are now combined and taught as a single module.
The participants gain knowledge about General Ledger (GL), Accounts Receivables (AR), Accounts Payables (AP), and more. Upon completing SAP FICO, learners will be proficient in GL transactions, document entry, document reversal, standard reports, sample account, parking document, clearing, interest calculation, terms of payment, gathering, allotting, and analyzing costs generating balanced and reconcilable financial statements.
Entry requirement:
- Bsc in Software Engineering OR
- Bsc in Information Technology
Course Objectives:
- Learn how sap financial accounting works
- Get to know the basics of SAP financial accounting
- Become an expert on important financial accounting terms
- Learn about sub-ledgers, accounts receivable/payable, asset accounting
- The importance of the general ledger and understanding of fundamental aspects
- Understand opening and closing posting periods
- Overview of how the finance module integrates with other SAP modules
- Recognize organizational elements of r/3 and describe the basic settings
- Learn how to classify and reconcile r/3 documents with the original documents
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Learn the basics of the SAP System
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Customize the interface to your own liking
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Understand various icons in SAP
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Work with multiple SAP sessions at the same time
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Apply advanced tips such as Pre-Populating fields to save you time and effort
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Understand the role of various core SAP modules and activities performed on a daily basis
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Use various Master Data Sets
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Learn how SAP modules are integrated with each other
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Work with report layouts and drill-down
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Understand how to run reports and export the data to Microsoft Excel
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How to perform day to day transactional activities in the SAP system
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How to perform complete end to end (Order to Cash Cycle) processes in the SAP
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Creation of Various Master Data Sets such as Customer Master, Pricing
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Conditions, Material Master and much more
