SAP FICO Financial Accounting

Course details

OVERVIEW:

The SAP Financial Accounting (FI) and SAP Controlling (CO) training is designed to keep pace with the constantly changing financial management requirements. This SAP Financial Accounting course delivers a comprehensive understanding of the documentation and methodology used in SAP FICO implementation projects. The SAP FICO training provides the required expertise for better management of finance accounting and reporting in various organizations.

CAREER OPPORTUNITIES:

Market Trends: The SAP FICO training provides a specialized niche for financial services and delivers a plethora of career opportunities. According to the Bureau of Labor Statistics, the overall employment of financial analysts is projected to grow faster than average at 16% before 2022, this growing employment rate is expected to reflect positively on the jobs in the public finance sector as well. This SAP FICO course provides the best job prospects with companies using FICO for the functional part of their business process.

Salary Trends: The SAP Finance training provides professionals with job opportunities that pay high salary packages. According to the BLS, SAP FICO Financial Analysts make an average of $69,210 (AED 254,215) per annum. This SAP Finance course helps professionals have their dream careers with hefty paychecks.

Demand and Opportunities: Professionals pursuing SAP FICO course online get job opportunities in the finance sector as Specialists, Auditors, Officers, Analysts, and Managers. The SAP FICO online training assures the necessary competency in financial job roles. Professionals gaining expertise from the SAP Financial Accounting course can configure SAP FICO modules accordingly, for an organization in any sector.

COURSE OUTLINE:

Module 1: SAP FICO Introduction

• Creations Company
• Company code
• Assign company code to company
• Business area
• Fiscal year variant
• Asian fiscal year variant to company code
• Chart of accounts
• Accounts Group
• Retained earnings account
• Posting period variant
• Document Types and no ranges
• Filed status variant
• Tolerance group
• Posting Keys

Module 2: General Ledger

• GL master record
• Posting of document
• Display balances of GL
• Parking, hold
• Accrual, sample documents
• Deferral documents
• Foreign exchange
• Reversal of documents
• Interest calculation
• Cash management
• Bank reconciliation

Module 3: Accounting Payable

• Vendor groups (MM and FICO vendors)
• Ranges for vendor accounts
• Tolerance group for vendors
• House bank
• Correspondence
• Automatic payment program
• Extended withholding tax
• Terms of payments
• Down Payment Made
• Cash discount (received)

Module 4: Account Receivable

• Customer group (SD and FI/CO customers)
• Ranges for customers’ accounts
• Customer master records
• Down Payment Received
• Dunning
• Cash discount (CIN version)
• Bills of exchange
• Treasury management

Module 5: Asset Accounting

• Chart of depreciation
• Account determination
• Screen layout
• Asset classes
• Asset Accounting
• Integration with FI
• Depreciation methods
• Depreciation keys
• Asset master
• Sub Asset Master
• Asset report
• Depreciation run
• Sale of asset
• Transfer of asset
• Scrapping of asset
• Capital work in progress

Module 6: Controlling

• Controlling area of ranges for controlling documents
• Versions
• Cost element accounting (manual, automatic)
• Cost Centre Accounting
• Repost line items, repost of cost
• Controlling
• Course outline
• Actual overhead assessment
• Planning cost center and cost element
• Budgeting

Module 7: Internal Order

• Order type
• Order, Statistical Key Figure
• Planning internal order wise
• View internal order wise report

Module 8: Profitability Accounting (PCA)

• Controlling settings
• Dummy profit center actual data
• Profit center assignment of revenue elements
• Choose account, creation of cost object
• Planning profit and loss items
• Planning balance sheet items

Module 9: Profitability Analysis (CO-PA)

• Operation concern
• Profitability segments
• Assignment of controlling area to operating
• Activate profitability analysis
• Mapping of conditions to coop values
• Drill down report
• Report painter

Module 10: Product Costing

• Creation of secondary cost element
• Active type
• Price calculation
• Work center
• Overhead keys
• Routing
• Cost sheet variant
• Cost estimate with quantity structure
• Cost estimate without quantity structure
• Marking and Releasing
• Work in Progress

Module 11: Reports

• Financial statement version
• GL reports
• Accounts payable reports
• Accounts receivable reports
• Assets
• Cashbook reports
• LSMW
• Transport Management

Module 12: Integration

• Procurement cycle
• Integration with MM
• Sales process integration with SD
• Integration with asset accounting
• Integration with controlling
• Integration with PP

KEY TAKEAWAYS:

After successful completion of this SAP FICO training, candidates will be able to:

• Configure the functional modules FI and CO in the SAP ERP system
• Implement the Finance and Controlling (FI-CO) in the SAP ERP Database
• Resolve issues on a day to day basis, relating to FI & CO as Support
• Integrate SAP FICO with Material Management (MM), Production (PP), Sales & Distribution (SD)
• Interact with the end-user to collect business requirements

ACCREDITATION:

This SAP Financial Accounting course is accredited by ISO 9001: 2015, the Knowledge and Human Development Authority (KHDA), and Systems, Applications & Products in Data Processing (SAP).

ALUMNI:

Our academy graduates after undergoing the SAP Finance training, are successfully placed in some of the top-notch companies in Dubai like Emirates, Jumeirah, Aramex, Airarabia, Damac, Emaar, Emirates NBD, Dubai Islamic Bank, etc. Our graduates are entrepreneurs/ founders, career changers, and lifelong learners.

WHY LEARNER’S POINT:

As one of the leading providers of the SAP Financial Accounting certification, Learners Point aims to help professionals master the necessary skill set of a Financial Accountant and promises them a successful career ahead.
Following are the USPs our SAP Financial Accounting certification offers you:

• We look at real-world scenarios organizations face and formulate our SAP FICO course by evaluating practical requirements
• Apart from theoretical knowledge, we also focus on practical case studies to enable professionals to have a reality check and insight into what exactly will be expected out of them while delivering in a demanding role
• We also equip professionals with hands-on experience by offering assignments related to the real-life work environment

Updated on 22 August, 2024