What is SAP FICO ?

The SAP FI (Financial Accounting) Module has the competence of meeting all theaccounting and financial needs of an organization. Along with other managers,Financial Managers within your business and same module can review the financialposition of the company in real time as contrasted to legacy systems whichnecessitate overnight updates before financial statements frequently and can begenerated for management review.

The SAP CO (Controlling) Module endow with supporting information to Managementfor the purpose of planning, reporting, as well as monitoring the operations of theirbusiness. Management decision-making can be achieved with the level of informationprovided by this module. The Cost Element Accounting component providesinformation which includes both the costs and revenue for an organization. Thesepostings are updated automatically from FI to CO.

Who can Learn SAP  FICO? 

* Freshers with BA, Bcom Background
*  Accountants
* People Who are currently working in office management

SAP FICO Course Curricullum:

A. Components of Financial Accounting (FI)
1. Organizational Elements/Basic Settings
2. General Ledger (FI-GL)
3. Accounts Payable (FI-AP)
4. Accounts Receivable (FI-AR)
5. Bank Accounting (FI-BL)
6. Asset Accounting (FI-AA)
7. Special Purpose Ledger (FI-SL)

1.Organizational Elements/Basic Settings

a. Company Code
b. Business Area
c. Chart of Accounts
d. Variant Principle
e. Fiscal Year Variant

2.General Ledger (FI-GL)

a. G/L Master Records
b. Account Groups
c. Reconciliation Accounts
d. Document Control Overview
e. Automatic Account Assignments
f. TAX Procedures

3.Accounts Payable (FI-AP)

a. Vendor Master Records
b. Account Groups
c. Integration with Materials Management
d. Document Control Overview
e. Automatic Account Assignments
f.  TAX Procedures
g. Payment Procedures

4.Accounts Receivable (FI-AR)

a. Customer Master Records
b. Account Groups
c. Integration with Sales & Distribution
d. Document Control Overview
e. Automatic Account Assignments
f. TAX Procedures
g. Credit Management
h. Dunning Procedures

5.Bank Accounting (FI-BL)

a. Bank Master Records
b. Bank G/L Accounts
c. Cash Ledgers
d. Bank Reconciliation
e. Automatic Account Assignments

6.Asset Accounting (FI-AA)

a. Asset Master Records
b. Asset Class
c. Depreciation Areas
d. Document Control Overview
e. Automatic Account Assignments
f. TAX Procedures
g. Depreciation Run

7.Special Purpose Ledger (FI-SL)

a. Reporting Requirements
b. Characteristics & Key Figures
c. Table Requirements
d. Adjustment Postings
e. Validations, Substitutions and Rules
f. Sets & Variables

B. Components of Controlling (CO)

1. Cost Element Accounting (CO-OM-CEL)
2. Cost Center Accounting (CO-OM-CCA)
3. Internal Orders (CO-OM-OPA)
4. Profit Center Accounting (EC-PCA)
5. Activity-Based-Accounting (CO-OM-ABC)

1.Cost Element Accounting (CO-OM-CEL)

a. Different categories of Cost Elements
b. Automatic Creation of Cost Elements
c. Various uses of Cost Elements

2.Cost Centre Accounting (CO-OM-CCA)

a. Overview of Controlling
b. CO Components
c. Cost Centres
d. Standard Hierarchy
e. Cost Centre Groups
f. Account Assignments
g. Assessment, Distribution & Reposting
h. Period-End Closing

3.Internal Order (CO-OM-OPA)

a. Overview of Internal Order
b. Order Master Records
c. Order Settlement
d. Period-End Closing

4.Profit Centre Accounting (CO-PCA)
a. Overview of Profit Centre Structure
b. Standard Hierarchy
c. Profit Centre Assignments
d. Profit Centre Analysis

5.Activity Based Accounting (CO-OM-ABC)
a. Activity Profiles
b. Push & Pull Approach
c. Business Profiles.

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