SAP FICO Online Training Modules Overview

Introduction

• Start your SAP FICO training with a proper introduction to ERP and then move to SAP R/3 technology.
• Introduction to ERP
• Advantages of SAP over other ERP Packages
• Introduction to SAP R/3 FICO
• Introduction to G/L (NEW G/L)
• A/R, A/P and AA
• Introduction to Banking and Treasury Management
• Introduction to CEA
• CCA, EC-PCA, CO-PA and PC

 Financial

• This module works on all the basic financial settings required.
• Set Countries and Currencies
• Create Calendar
• Creation and assignment of company and company code
• Creation of business area
• Creating Leading, Non- Leading and Rep Ledger
• Defining and assignment of fiscal year variant
• Defining and assignment of posting period variant
• Defining open and closing posting periods, Defining document type & number ranges
• Define Posting Keys and Maintenance and assignment of field status variants
• Defining and assignment of tolerance groups of employees
• Taxes on Sales & Purchases (input & output)
• Creation of chart of Accounts
• Defining Account Groups and Defining Retained Earnings Account
• Defining tolerance groups for G/I accounts

General Ledger Accounting

• This module gives a review of General ledgers, its settings and configurations.
• Creation of General Ledger Master (with and without reference)
• LSMW – Legacy System Migration Workbench (Idoc, Batch input, Bapi)
• BDC -Batch Data Communication
• Display/Change/Block/Unblock of general ledger master
• Creation of Account assignment model and posting
• Defining Recurring entry document
• Run Schedule, Run Dates and posting
• Creation of Sample Document and posting
• Validations and Substitutions and Cross Company Codes
• Parallel Currencies (Various Methods)
• Defining Exchange Rate types and Translation ratios
• Define Exchange rates & posting of foreign currency transactions
• Interest Configuration (Balance Interest)
• Configuration of line layouts for display of GL line items
• Create Screen Layouts

Testing

• This section aims at entry postings, display of line items and GL balances and much more.
• Document Entry posting, normal postings, posting with reference
• Display and change of documents
• Display of GL balances and Line items
• Parked documents & hold documents
• Reversal of individual documents
• Mass reversal
• Reversal of cleared items and reversal of accrual and deferral documents

Bank Configuration

• Learn what is House bank, calculation of interest, cash transaction effects and entries and much more in this module of training.
• House Bank
• Bank account interest calculation
• Cash Journal
• Validations For Cash Journal
• Substitutions for Cash Journal
• Lockbox
• Lockbox Principles
• Bank Reconciliation Statements: Automatic Bank Reconciliation
• Manual Bank Reconciliation

Check Management

• This module of training, educates you over cheque transactions, management and entries.
• Individual check payment
• Manual check payment
• Check registrar
• Check encashment

Loan Management

• Learn loan management and much more in this module.
• Individual check payment
• Manual check payment
• Check registrar
• Check encashment

Accounts Receivable

• Working with account receivable in this module of training.
• Creation of customer account groups and assignment of number ranges
• LSMW – Legacy System Migration Workbench (Idoc, Batch input, Bapi)
• Creation of tolerance group for customers
• Creation of customer master (display/change/block/unblock of vender master)
• Item Interest Configuration
• Down Payment Receive
• Bills Receivable (In depth)
• Customer Terms
• Customer Discounts (In depth)
• Reserve for Bad-debts
• Risk Management (In depth)
• Credit Control Area (In depth)
• Fund Management (In depth)
• Configuration of settings for Dunning
• Automatic Clearing

User Exits

• Train over the user exits in this module.
• Functional
• Menu
• Field
• Screen

Reserve For Bad Debts (RBD)

• Learn the basic settings and configurations for bad debts in this module of training.
• Basic Settings
• Master Data

Accounts Payable

• This is an important section of training, focussing over accounts payables.
• Creation of vendor account groups and assignment of number ranges
• LSMW – Legacy System Migration Workbench
• Creation of vendor master (display/change/block/unblock of vender master)
• Creation of tolerance group for venders
• Item Interest Configuration
• Down Payment paid, Bills payable (In depth)
• Terms of Payment
• Vendor Discounts (In depth)
• Creation of house banks and account ids
• Creation of check lots and maintenance of check register
• Configuration of Automatic payment program
• Defining correspondence & party statement of accounts
• Automatic Clearing

Taxes

• This module focusses over application of Taxes, prevailing and applicable taxes.
• Input Tax
• Output Tax
• Excise Tax
• Withholding Tax
• Global Taxes

Testing

• Learn concepts like partial payment and residual payment, vendor transactions and much more in this module.
• Posting of customer transactions (sales invoice posting, payment posting, debit memo)
• Settings for advance payment from parties (down payment)
• Defining correspondence & party statement of accounts
• Posting of vendor transactions (invoice posting, payment posting, credit memo)
• Settings for advance payments to parties (down payment) and clearing of down payment against invoices (special GL transactions)
• Posting of partial Payment & Residual Payment
• Payment to vendors through APP
• Asset under Construction

 Data Migration

• How is data migration done, purpose and the best practices are discussed in this module.
• LSMW – Legacy System Migration Workbench
• BDC – Batch Data Communication
• ALE – Application Link Enabling
• EDI – Electronic Data Interchange
• IDOCS – Intermediate Document

Asset Accounting

• Learn in detail about Asset accounting, its screen layout, need, functions and much more in this module.
• Defining chart of depreciation
• Defining account determination
• Screen layout
• Number ranges and asset classes
• Integration with General Ledger & Posting rules
• Creation of asset master and sub asset master (change/display/block/unblock)
• Defining Depreciation key (base, declining, multilevel, period control methods)
• Acquisition or purchase of assets
• Sale of assets
• Scrapping of assets
• Transfer of assets
• Post Capitalization and write up
• Depreciation run
• Line Settle of assets under construction of capital work in progress

Testing

• Testing all asset related posting to be performed, in this section of SAP FICO training.
• Asset Purchase Posting
• Sale of Asset
• Transfer of Asset
• Scrapping of Asset

Cross- Company Code Transactions

• Working with transactions occurring in G/L, A/P, A/R, in this module of online training.
• Cross company codes transactions in G/L
• Cross company codes transactions in A/R
• Cross company codes transactions in A/P
• Cross company codes transactions in ASSET ACCOUNTING
• Cancellation cross company codes transactions

Integration With MM

• This module demonstrates the integration of SAP FICO with SAP MM.
• Movement types
• Valuation class
• Valuation area and Process key
• Valuation grouping
• Material types
• Define plant
• Define division
• Maintain storage location
• Maintain purchasing organization
• Assign plant to company code
• Assign business area to plant/valuation area and division
• Assign purchasing organization to company code
• Creation of material group, Maintain company code for material management
• Define attributes of material types
• Set tolerance group for purchase orders
• Set tolerance limit group for goods receipt
• Plant parameters, Maintain default values for tax codes
• Set tolerance limits for goods receipt
• Plant parameters, Maintain default values for tax codes
• Set tolerance limits for invoice verification
• Define automatic status change
• Group together valuation areas
• Configure automatic posting
• Document type & number ranges
• Material master creation
• To open material periods

Testing

• After integration with MM, this module focusses over cross checking the effectiveness and extent of integration.
• Purchase order creation
• Goods receipts
• Invoices verification
• Goods issue for consumption
• Display material ledger
• Display material document

Integration With SD

• This module focusses over integration of FICO with SD.
• Define sales organization
• Define distribution channel
• Define shipping point
• Assign sales organization to company code
• Assign distribution channel to sales organization
• Assign division to sales organization
• Setup sales area
• Assign sales organization & distribution channel plant
• Define rules by sales area, Assign shipping point to plant
• Define pricing procedure determination
• Define tax determination rules
• Assignment of accounts for automatic postings
• Setup partner determination
• Assign shipping points
• Creation of condition types

Testing

• Demonstrate the Sales order hierarchy and its architecture.
• Sales order creation
• Delivery
• Billing document
• Screen Variants
• Learn all about screen variants in this section.
• Transport Request’s

User Creation

• Train over how to create users and provide designation level access in this module.
• Create users
• Role Authorizations
• Assign Tolerance to Users
• Create and Assign Validations to Users
• Create and Assign Substitutions to Users

FI/ SD Credit Management

• After defining controlling areas, there are many more divisions and sub- divisions. Learn them in detail over here.
• Define credit controlling areas
• Decentralized credit management
• Central credit management
• Credit controlling are currency central organization
• Assigning credit controlling are company codes
• Assigning customer credit controlling
• Creating credit data
• Resetting credit limit
• Postings without credit limit checks
• Automatic credit control

Integration With HR

• Look into how FICO is dependent and integrated into SAP HR, in this module.
• Define symbolic accounts
• Defining wages types
• Mapping wages types to symbolic Accounts
• Mapping symbolic accounts to G/L Accounts
• Payroll posting with amount changes
• Reverse posting
• Check completeness
• Utilizing the payment program

Cutover Activities

• This module focusses over inventory takeover, other GL takeovers and much more..
• Inventory Takeover
• Receivable Takeover
• Payable Takeover
• Asset Takeover
• Other GL Takeover

Final Preparation

• The purpose of this phase is to prepare the SAP Business One system and the client organization for production to go-live. Learn the key activities performed in this phase.
• Define Financial Statement Version
• Balance carry forward Balances
• Month ending Activities
• Structure of Account Balances
• FI- CO Tables

Reports

• This module of will give an overview of how to generate reports .
• Financial statement version
• General Ledger
• Accounts Payable
• Accounts Receivable and Assets Reports
• Controlling

Basic Settings For Controlling

• This module will start with the basic configurations needed for CO controlling module of SAP FICO.
• Maintain Controlling Area
• Activate control indicators/ components
• Defining Number ranges for Controlling Area
• Maintain Planning Versions

Cost Element Accounting

• Trains you over the primary and secondary cost elements in this module.
• Creation of Primary and Secondary Cost Elements
• Creation of Cost Element Groups
• Primary cost element categories and Secondary cost element categories

Cost Center Accounting

• Cost center accounting is an important concept in SAP FICO online training.
• Defining Cost Center Standard Hierarchy
• Creation of Cost Centers and cost center groups
• Planning for cost center
• Posting to cost centers
• Repost of Costs, Overhead Calculation
• Creation and Execution of Distribution Cycle
• Creation and execution of assessment cycles
• Cost center reports

Internal Orders

• This module aims at teaching statistical internal order, order types, posting and much more.
• Statistical Internal Order
• Real Internal Order
• Defining order types
• Creation of internal orders
• Planning of internal orders
• Postings to internal order
• Report of Variance analysis

Profit Center Accounting

• What is automatic assignment of revenue elements, how to maintain profit centers and much more in this module.
• Basic Settings for Profit Center Accounting
• Creation of Dummy Profit Centers
• Maintaining versions for profit centers
• Creation of profit centers and profit center groups
• Creation of revenue cost element
• Automatic Assignment of Revenue elements for Profit Centers
• Postings to profit centers
• Planning and variance reporting

Fund Management

• Train yourself on budget, its control, cash flow and much more in this module.
• Grant’s management
• Commitment Management
• Budgetary Control
• Curriculum_moduleCash Flow
• Direct Method
• Indirect Method

Product Costing

• Defining Cost Component structure, it’s configuration will be demonstrated in this module.
• Define Cost Sheet, Define cost component structure
• Define MRP controller
• Define production controller
• Create bill of material
• Creation of work centre
• Creation of routing
• Creation of cost estimate with quality structure

Profitability Analysis

• Learn the components of Profit analysis in this module of training.
• Defining the operating concern
• Define profitability segment characteristics
• Activating the profitability analysis
• Creation of data structures
• Follow of actual values
• Creation of reports
• Execution of reports
• Define forms

Real Time Concepts

• This section aims at letting students acquainted with real time hicupps of SAP FICO configuration.
• SAP Methodology, LSMW – Legacy System Migration Workbench (Batch Input, IDOC, BAPI)
• Data Migration, LSMW, BDC, ALE/EDI and IDOCS
• BDC -Backup Domain Controller
• Controlling (In depth)
• SAP Query
• Transport Request Creation and Release
• Tickets
• FAQS

Practice Test & Interview Questions

Job Opportunities in SAP FICO

Who wouldn’t prefer a job that assures a fast paced global career, higher than average perks? The job opportunities in the domain of SAP FICO are quite plenty. And with the increase in the colossal demand for the qualified experts across the top industries, more & more number of aspirants are planning towards securing their career in this domain. And also in response to the whooping salary packages for the certified professionals in this domain most of the professionals who are working in other prominent technologies are working towards making a career transition into this domain. SAP FICO Online Training by SacrosTek Systems will set you on the right career path of achieving success in this domain.

SacrosTek Systems offer certification programs for SAP FICO. Certificates are issues on successful completion of the course and the assessment examination. Students are requested to participate in the real-time project program to get first-hand experience on the usage and application of the SAP FICO. The real-time projects are designed by our team of industry experts to help students get best possible exposure to the SAP FICO and its applications.