SAP FICO (Finance and Controlling)

Introduction to SAP FICO

Gain a fundamental understanding of SAP FICO, its significance, and its role in managing financial processes within organizations. Explore the SAP FICO module, its components, and integration with other SAP modules. Understand the importance of financial accounting, managerial accounting, and financial controlling in business operations.

Financial Accounting (FI)

Explore financial accounting (FI) in SAP, which encompasses core accounting functionalities such as general ledger accounting, accounts payable, accounts receivable, asset accounting, and bank accounting. Learn how to configure FI components, perform day-to-day accounting transactions, and generate financial reports.

Controlling (CO)

Dive into controlling (CO) in SAP, which focuses on internal accounting processes for planning, controlling, and monitoring business activities. Learn about cost element accounting, cost center accounting, internal orders, product costing, and profitability analysis. Understand how CO integrates with other SAP modules for comprehensive financial management.

SAP FICO Configuration

Learn how to configure SAP FICO modules to meet organizational requirements. Understand the customization options available for FI and CO components, including chart of accounts, company codes, fiscal year variants, and posting periods. Hands-on exercises will involve configuring FI and CO settings in SAP ERP systems.

Financial Reporting and Analysis

Explore financial reporting and analysis capabilities in SAP FICO. Learn how to generate standard financial reports such as balance sheets, income statements, and cash flow statements. Understand how to use SAP reporting tools such as SAP Report Painter and SAP Report Writer for customizing and designing financial reports.

Asset Accounting

Understand asset accounting in SAP FICO, which involves managing fixed assets and depreciation. Learn how to create and maintain asset master records, perform asset acquisitions, retirements, and transfers, and calculate depreciation using various methods. Explore asset reporting and analysis functionalities.

Financial Planning and Budgeting

Gain insights into financial planning and budgeting processes in SAP FICO. Learn how to create and manage budgets, allocate funds to cost centers and projects, and monitor budget consumption. Understand the integration between SAP FICO and SAP BPC (Business Planning and Consolidation) for advanced planning and forecasting.

Internal Orders and Profitability Analysis

Dive into internal orders and profitability analysis (CO-PA) in SAP FICO. Learn how to create internal orders for tracking costs and revenues related to specific projects or activities. Understand how CO-PA enables analysis of profitability based on various dimensions such as products, customers, and regions.

Taxation and Withholding

Explore taxation and withholding processes in SAP FICO. Learn how to configure tax codes, tax jurisdictions, and tax rates in SAP systems. Understand how SAP FICO handles tax calculations, tax reporting, and compliance with local tax laws and regulations.

SAP FICO Integration with Other Modules

Understand how SAP FICO integrates with other SAP modules such as sales and distribution (SD), materials management (MM), and production planning (PP). Learn about the flow of financial data between different SAP modules and how it impacts overall business processes and reporting.

SAP FICO End User Training

Provide end user training for SAP FICO functionalities. Cover key tasks and transactions performed by finance and controlling professionals in day-to-day operations. Hands-on exercises will involve simulating real-world scenarios and workflows in SAP ERP systems.

SAP FICO Certification Preparation

Prepare for SAP FICO certification exams, such as the SAP Certified Application Associate - Financial Accounting (SAP FI) with SAP ERP certification and the SAP Certified Application Associate - Management Accounting (SAP CO) with SAP ERP certification. This section covers the exam objectives, study resources, and tips for success.

Banking and Cash Management

Explore banking and cash management functionalities in SAP FICO. Learn how to manage bank accounts, perform bank reconciliations, and process electronic bank statements. Understand cash flow forecasting, liquidity planning, and treasury management in SAP systems.

Accounts Payable (AP) and Accounts Receivable (AR)

Dive into accounts payable (AP) and accounts receivable (AR) processes in SAP FICO. Learn how to manage vendor invoices, payments, and credit memos in AP. Understand customer invoices, payments, and dunning processes in AR. Explore integration with procurement and sales processes.

Cost Object Controlling

Gain insights into cost object controlling in SAP FICO, which involves tracking and controlling costs related to specific objects such as cost centers, internal orders, and projects. Learn how to plan, allocate, and monitor costs and revenues for cost objects using SAP CO functionalities.

Profit Center Accounting (PCA)

Explore profit center accounting (PCA) in SAP FICO for analyzing profit and loss at the level of organizational units or business segments. Learn how to create and maintain profit centers, allocate costs, and perform profitability analysis. Understand how PCA integrates with other SAP modules for comprehensive financial reporting.

Consolidation and Group Reporting

Understand consolidation and group reporting processes in SAP FICO for aggregating financial data from multiple entities or subsidiaries. Learn how to perform intercompany eliminations, currency translations, and consolidation adjustments. Explore SAP tools and functionalities for group reporting and financial consolidation.

Special Purpose Ledger (SPL)

Dive into special purpose ledger (SPL) in SAP FICO for recording and reporting non-standard financial transactions. Learn how to define and maintain ledger sets, document types, and fields for specialized reporting requirements. Understand how SPL integrates with general ledger accounting for comprehensive financial reporting.

Revenue Recognition

Explore revenue recognition processes in SAP FICO for complying with accounting standards such as IFRS 15 and ASC 606. Learn how to define revenue recognition rules, determine revenue schedules, and recognize revenue at appropriate milestones. Understand the impact of revenue recognition on financial statements and reporting.

SAP FIORI Applications for Finance

Gain insights into SAP FIORI applications for finance in SAP FICO. Learn how to leverage FIORI apps for accessing financial data, performing approvals, and executing financial processes on mobile devices and desktops. Understand the user experience principles and design patterns behind FIORI applications.

Advanced Financial Analytics with SAP BW/4HANA

Explore advanced financial analytics capabilities with SAP BW/4HANA for comprehensive reporting and analysis in SAP FICO. Learn how to design and build data models, queries, and dashboards for financial analysis. Understand how SAP BW/4HANA integrates with SAP FICO for real-time analytics and insights.