Why Choose SAP (FICO) Fast Track Training?

SAP(FICO) being the most demanded SAP skill worldwide.

With more than 10,000 jobs currently available worldwide FICO is the biggest job provider on the SAP job market. As we know, from Financial Accounting to Production Planning, there are many highly demanded SAP skills. FICO has been the top ones in terms of SAP job openings.

The countries with the highest hiring demand in terms of SAP FICO Jobs are United States, Germany, India and United Kingdom.

What is it ?

SAP Finance and Controlling(SAP FI) is based on pure accounting principles which provides core accounting and reporting capabilities and ensures the most up-to-date balances and reporting accuracy through complete integration between the General Ledger (GL) and the Accounts Receivable (AR) and Accounts Payable (AP) and Asset Accounts (AA). Its flexible configure as per country specific standards of Reporting, Tax and Depreciation.

The SAP FI module is the Core Module in SAP ERP it integrates with other modules such as Controlling, Sales and Distribution, Purchasing and Materials Management and Human Resources. Document transactions occurring within these modules generate account postings via account determination tables. Reports of this Modules are user for external purpose such as Balance sheet and Profit and Loss of each financial year.

Who Is It For?

• Accountants
• Aspiring SAP Consultant
• SAP FI End users

SAP Study Options

Instructor Led Live SAP Online Training

Students attending training through Online LIVE Training have a real time, Live Instructor Led student experience through our Virtual Learning Campus. Online LIVE Training provides an engaging live classroom environment that allows students to easily interact with instructors and fellow students in-person virtually.

Classroom-Based SAP Live Training

We offer evening sessions for classroom based training, where an experienced Tutor/Consultant goes through the whole SAP Training course in our London campus.

Entry Requirements

Anyone with basic IT knowledge and good communication skill in English can join. We also recommend having some reasonable accounting knowledge before you start the course.

Course Syllabus – SAP Fast Track Training (FICO)

This FICO Consultant package prepares you for the SAP FICO consultant certification exams. The Course Package covers the complete exam topics for FI Consultant C_TFIN52_66 – SAP Certified Application Associate – Financial Accounting, and the complete exam topics for CO Consultant C_TFIN22_66 – SAP Certified Application Associate – CO Management Accounting. During the training you get access to Sap sandbox which continues even after training finishes. You receive a certificate once you finish the course, you can also do an external exam to receive certification from SAP (Optional) for details on exam booking you may visit SAP website.

Introduction and Organizational Structure

• Understanding of what is ERP Systems
• Introduction to SAP
• Defining company
• Configuring company code
• Defining business area
• Assigning company code to company

Financial accounting global settings

• Maintaining fiscal year variant
• Assigning fiscal year variant to company code
• Defining posting periods
• Defining open and close posting periods
• Assigning variant to company code
• Document types and Parameters
• Defining document number ranges
• SAP posting keys Definition
• Defining field status variant
• Assigning field status variant to company code
• Defining tolerance groups for employees

General ledger accounting

• Defining chart of accounts
•  Assigning chart of accounts to company code
• Defining account groups
• Defining retained earnings account
• Maintain Field status variant for General ledger
• Creating GL accounts
• Set up Tolerance for postings
• Postings
• Park/Hold the document
• Reversal entries
• Document change control

Accounts Receivable

• Creating customer groups
• Field validation for Groups
• Creating number ranges
• Assigning number ranges to customer groups
• Creating customer
• Change customer details
• Display customer details and Balances
• Raising sales invoice
• Incoming payments
• Cash discounts
• Down payment
• Bank Guarantee
• Interest calculation
• Credit memo
• Dunning procedure and executing dunning run

Accounts Payable

• Creating vendor groups
• Vendor ranges creation
• Creating ranges to vendor groups
• Creating vendor
• Change Vendor details
• Display Vendor and Balance
• Raising vendor invoice
• Outgoing payments
• APP ( Automatic Payment Programme)
• Cash discounts/Terms of Payment
• Interest calculation
• Down payment
• Bank Guarantee
• Debit memo

Bank Accounts

• Creating house bank
• Configuring petty cash journal
• Configuring automatic payment to vendors

Tax

• Define country tax procedure
• Define calculation procedure
• Assign calculation procedure
• Base amount settings
• Exempt Tax codes and their relevance.
• Creating GL accounts of input tax output tax and sales tax
• Configuration for tax calculation Postings

Foreign Currency

• Exchange Rate Difference General Ledger for Foreign currency document posting
• SAP Netweaver with Currency setting.
• Currency translation ratio
• Defining, changing and maintaining exchange rate ratios
• Overview of realised and unrealised profit and loss

Asset Accounting

• Copying chart of depreciation
• Assigning chart of depreciation to company code
• Specify account determination
• Create screen layout rules
• Creating asset classes
• Depreciation area and use of Depreciation area
• Maintain asset master records (Create /Change /Display)
• Acquisition of asset
• Running depreciation
• Manual depreciation and unplanned depreciation
• Retirement of asset
• Transfer of asset INTA and INTERNAL
• Scraping of an asset
• Depreciation postings
• Reports on asset accounting
• Asset explorer

New GL Accounts

• Configuring new GL
• Document splitting (Active, Passive, and Zero Balance)
• Configuring leading and non-leading ledger

Financial Statement Versions

• Configuration of FSV
• FSV and their use in company’s report on IFRS and GAAP both

General Controlling

• Maintaining control area settings
• Assign controlling area to Company code
• Maintaining number ranges for controlling documents
• Activating controlling indicators

Cost Element Accounting - Controlling

• Creating various types of cost elements
• Primary cost element creation
• Creating secondary cost element
• Automatic and Manual creation of cost elements

Cost Centre Accounting - Controlling

• Creating cost centre hierarchy
• Cost centre creation
• Creating activity types
• Reports of cost Centres

Profit Centre Accounting - Controlling

• Creating profit Centre
• Dummy profit Centre creation
• Creating profit Centre hierarchy
• Assigning profit Centre to cost Centre
• Reports on profit Centre