SAP Finance and Controlling FICO Training Overview

SAP Finance and Controlling (FICO) Training​ Course Outline

Module 1: Introduction to SAP R/3

  • What is ERP?
  • Advantages of SAP Over Other ERP Systems
  • What is SAP R/3 FICO?
  • SAP R/3 Architecture
  • Multi-Client and Landscape
  • Transport Requests
  • Difference Between R/1, R/2, and R/3
  • Types of Messages
  • 4 C’s

Module 2: Financial Accounting Basic Settings

  • Company
  • Assignment of Company to Company Code
  • Business Area
  • Chart of Accounts
  • Assign Chart of Accounts to Company Code
  • Account Group
  • Retained Earnings Account
  • Fiscal Year and Shortend Fiscal Year
  • Allocate a Fiscal Year Variant to Company Code
  • Field Status Variant and Allocate it to Company Code
  • Tolerance Groups for GL Accounts and Employees
  • Allocate Tolerance Groups to Users
  • Document Types
  • Posting Period Variant and Assign it to Company Code
  • Open and Close Posting Period Variant
  • Global Parameters
  • Organisation Structure in EC01

Module 3: General Ledger Accounting

  • Display, Change, Block, and Unblock GL Account
  • Document Entry Posting (FB50, FB01)
  • Generating the G/L Account Balances and Line Items
  • Parked and Hold Documents
  • Steps for Creating Sample Document
  • Posting with Sample Documents
  • Individual Documents Reversal
  • Mass Reversal
  • Reversal Accrual Objects
  • Accrual or Deferral Documents
  • Exchange Rate Types or Currency Translation
  • Time Management
  • Clearing Types (Standard, Partial, Residual)
  • Clear GL Account (F-03)
  • Posting with Clearing (F-07) Vs GL Tolerance OBXZ
  • Interest Calculations
  • Foreign Currency Revaluation Configuration
  • Posting Gain/Loss
  • Account Assignment Models FKMT
  • Mass Changes to Line Item Report

Module 4: Accounts Payable

  • Create Vendor Account Group
  • Create Number Ranges for Vendor Master records
  • Assign Number Ranges to Vendor Account Groups
  • Develop a Tolerance Group for Vendors
  • Create Vendor Master
  • Customer or Vendor as Sensitive Fields
  • Create Alternative Reconsiliation General Ledger Account
  • Create Payment Terms
  • How to Create Payment Terms in SAP Hana
  • Develop Cash Discounts in Instalments
  • Configuration of Automatic Payment Programme
  • House Banks and Bank Account Data
  • Generate Payment Advice by Email
  • Create Payment Summary
  • Create Check Lots
  • Keeping your Check Register up to Date in SAP
  • Cancel Unissued and Issued Checks
  • Create Void Reasons
  • Payment Order

Module 5: Accounts Receivable

  • Create Customer Account Groups
  • Develop a Number of Ranges for Customer Master Records
  • Assign Number Ranges for Customer Account Groups
  • Create a Tolerance Group for Customers
  • Create Customer Master XD01/FD01/VD01
  • Settings for Dunning
  • Discounts in Cash
  • Configuration of APP for Customers
  • Correspondence and Types

Module 6: Bank Accounting

  • Electronic Bank Statement (EBS) – Configuration and Execute MT940 with Main Bank and Alternative Bank Account
  • SAP Query
  • Cash Journal

Module 7: Asset Accounting

  • Chart of Depreciation
  • Create 0% Tax Codes for Sales and Purchased
  • Assign Chart of Depreciation to Company Code
  • Account Determination
  • Screen Lay Out Rules
  • Depreciation Key
  • Multilevel Methods
  • Period Control Methods
  • Depreciation Run
  • Activities of Year-End
  • Asset Mass Changes
  • Reports and Tables
  • Report of Asset History
  • Asset Explorer and Documents
  • Revaluation and Impairment of Asset
  • Master Data and Transactional Data
  • Shut Down Asset
  • Asset Evaluation Groups

Module 8: New General Ledger Accounting

  • Parallel Ledgers
  • Document Splitting

Module 9: Reports

  • Financial Statement Version (FSV)

Module 10: Basic Settings for Controlling

  • What is Controlling Area?
  • Number Ranges for Controlling Area
  • Maintaining Plan Versions

Module 11: Cost Element Accounting

  • Create Primary Cost Elements from FI and CO
  • Create Cost Elements – Manual and Automatic
  • Display and Change of Cost Element Master Records
  • Primary and Secondary Cost Element Categories
  • Default Account Assignments

Module 12: Cost Center Accounting

  • Create Cost Centers and Cost Center Group
  • Hierarchy of Cost Centers
  • Cost Centers Planning

Module 13: Period - End Activities

  • Figure of Statistical Key
  • Create and Execute Assessment Cycles with/without SKF
  • Defining Periodic Reposting

Module 14: Internal Orders

  • Order Types
  • Creating an Internal Order
  • Manage Internal Order Master Data
  • Variance Analysis
  • Business Transaction
  • Settlement Profiles
  • Planning Profiles
  • Real Internal Orders Settlement
  • Availability Control and Budgeting
  • Maintaining Number Ranges for Budgeting
  • Sap Business Workplace

Module 15: Profit Centre Accounting

  • Profit Center Accounting
  • Create Dummy Profit Centers
  • Define Control Parameters for Actual Posting
  • Maintain Planning Versions for Profit Centers
  • Maintain Number Ranges for Profit Centre Documents
  • Create Profit Centre Master Records
  • Create Cost Elements
  • Profit Center Posting

Module 16: Profitability Analysis

  • Maintain Operating Concern
  • Characteristics of Profitability Segment
  • Assign Controlling Area to Operating Concern
  • Activate the Profitability Analysis
  • Map SD Conditions Types to CoPA Value Fields

Module 17: Product Costing Planning

  • Create Bill Materials
  • Create Activity Type Master Records
  • Create Work Centre Master Records
  • Create Routings
  • Create Costing Variant

Module 18: Financial Accounting with Materials Management

  • Organisational Units in Materials Management (Plant, Purchase Organisation, and Storage Location)
  • Assign Organisational Units to Each Other
  • Tolerance Group
  • Vendor Specific Tolerances
  • Maintain Posting Periods for Materials Management
  • Material Types Attributes
  • Goods Receipt Posting
  • Verification of Invoice
  • MM Pricing Procedure

Module 19: Financial Accounting with Sales and Distribution

  • Sales Organisation
  • Distribution Channels
  • Divisions
  • Create Sales Order
  • Shipping Point
  • Partner Functions
  • Pricing Procedures
  • Maintain Condition Records

Module 20: Validations and Substitutions with Sets

  • Line Item Level
  • Header Level

Module 21: Sales Tax

  • Input Tax and Output Tax
  • Check Calculation Procedure for Tax in SAP

Module 22: Year -End Closing and Month-End Closing

  • GL Balances Carry Forward
  • Posting of Special Period

Module 23: Trading Partner

  • Introduction
  • General Ledger Accounts
  • List of Reports including Field Trading Partner

Module 24: Mass Maintenance

  • Process of Changing Multiple Master Data Entries

Module 25: SM37 – SAP Background Jobs

  • Long – Running or Recurring Transactions
  • How to Schedule SAP Background Jobs?

Module 26: Idocs

  • Idoc Structure
  • AL11 Path (Upload and Download Files from AL11)
  • Reprocess an Idoc

Module 27: ASAP Methodology

  • ASAP Methodology Phases
  • Project Plan

Module 28: Real-Time Documentation

  • Business Blueprint (BBP)
  • High-Level Design
  • Functional Specifications
  • Test Script
  • UAT
  • Agile Methodology

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Who should attend this SAP FICO Training Course?

The SAP FICO Certification Course has been curated to provide participants with the essential skills to utilise SAP's FICO modules proficiently. These modules are critical in an organisation's financial, managerial, and accounting solutions. This SAP Finance and Controlling Course can be beneficial to a wide range of professionals, including:

  • Finance Professionals
  • ERP Analysts
  • Accountants
  • Auditors
  • Tax Consultants
  • Business Analysts
  • Project Managers

Prerequisites of the SAP FICO Training Course

There are no formal prerequisites for the SAP Finance and Controlling Course. However, a foundational understanding of finance, budgeting, and planning concepts can significantly benefit the delegates.

SAP FICO Training Course Overview

Proficiency in SAP Courses is crucial for financial professionals, accountants, and IT specialists looking to enhance their career prospects. With organisations increasingly relying on SAP for their financial operations, mastering this course becomes a valuable skill. This course is ideal for professionals seeking to excel in financial management, reporting, and analysis within the SAP ecosystem.

This SAP Finance and Controlling Course aims to provide delegates with essential financial accounting skills related to general ledger management, bank accounting, and data migration within SAP FICO. SAP FICO is necessary for recording business transactions, generating financial documents from statements, and supplying critical decision-making data within a company.

The 5-day SAP Finance and Controlling Course offered by The Knowledge Academy provides comprehensive insights into SAP's financial and control functionalities. It equips delegates with the skills to record transactional data accurately. They gain expertise in data migration from various sources using staging tables, leveraging the legacy system migration workbench.

Course Objectives

  • To teach delegates to allocate a fiscal year variant to a company code and a posting period variant
  • To learn to handle prepaid expenses with recurring documents and mass reversal
  • To understand how to create a tolerance group for customers and a customer account group
  • To develop and execute a distribution and assessment cycle with SKF
  • To assign the company and charts of accounts to the company code
  • To settle the capital work in progress construction asset line item

After completion of this SAP Course, delegates possess the capability to oversee customer relationships throughout the entire process, from generating quotations to processing sales orders and handling product billing.

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What’s included in this SAP Finance and Controlling FICO Training Course?

  • World-Class Training Sessions from Experienced Instructors
  • SAP Finance and Controlling FICO Certificate
  • Digital Delegate Pack

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Why choose us

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led SAP Finance and Controlling FICO Training. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.

Unlock your potential with The Knowledge Academy's SAP Finance and Controlling FICO Training, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.

Experience the most sought-after learning style with The Knowledge Academy's SAP Finance and Controlling FICO Training. Available in 490+ locations across 190+ countries, our hand-picked Classroom venues offer an invaluable human touch. Immerse yourself in a comprehensive, interactive experience with our expert-led SAP Finance and Controlling FICO Training sessions.


Highly experienced trainers

Boost your skills with our expert trainers, boasting 10+ years of real-world experience, ensuring an engaging and informative training experience


State of the art training venues

We only use the highest standard of learning facilities to make sure your experience is as comfortable and distraction-free as possible


Small class sizes

Our Classroom courses with limited class sizes foster discussions and provide a personalised, interactive learning environment


Great value for money

Achieve certification without breaking the bank. Find a lower price elsewhere? We'll match it to guarantee you the best value

Streamline large-scale training requirements with The Knowledge Academy’s In-house/Onsite SAP Finance and Controlling FICO Training at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.


Tailored learning experience

Leverage benefits offered from a certification that fits your unique business or project needs


Maximise your training budget

Cut unnecessary costs and focus your entire budget on what really matters, the training.


Team building opportunity

Our SAP Finance and Controlling FICO Training offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings


Monitor employees progress

The course know-how will help you track and evaluate your employees' progression and performance with relative ease

What our customers are saying

SAP Finance and Controlling FICO Training FAQs

SAP FICO is a module in the SAP Enterprise Resource Planning (ERP) system focusing on financial management and accounting. It helps businesses handle transactions, track financial data, and generate reports. Integrated with other modules, it streamlines financial operations and ensures compliance.
Key features highlighting this SAP FICO (Financial Accounting and Controlling) Course include comprehensive coverage of modules, hands-on practical exercises, real-world case studies, expert-led instruction, certification preparation, and flexible learning options such as self-paced or instructor-led training.
While holding this certification can enhance career prospects in finance and accounting roles, success ultimately depends on various factors such as individual skills, experience, market demand, and networking efforts in the industry.
Yes. The Knowledge Academy offers 24/7 support for delegates before, during, and after this course.
There are no formal prerequisites for this SAP FICO Course. However, a foundational understanding of finance, budgeting, and planning concepts can significantly benefit the delegates.
The duration of this SAP Fast Track Training (FICO) Course spans across 5 days.
This course comes with a 5-day training session from experienced trainers, a digital delegate pack, and a certificate upon completion of the course.
These courses are ideal for Finance Professionals, Accountants, Financial Analysts, Business Analysts, Consultants, and anyone pursuing a career in financial management or Enterprise Resource Planning (ERP) systems.
The Knowledge Academy provides flexible self-paced training for this course. Self-paced training is beneficial for individuals who have an independent learning style and wish to study at their own pace and convenience.
The training fees for SAP Finance and Controlling FICO Training certification in the United Kingdom starts from £3995
The Knowledge Academy is the Leading global training provider for SAP Finance and Controlling FICO Training.
Please see our SAP Training courses available in the United Kingdom
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Why choose us


Best price in the industry

You won't find better value in the marketplace. If you do find a lower price, we will beat it.


Many delivery methods

Flexible delivery methods are available depending on your learning style.


High quality resources

Resources are included for a comprehensive learning experience.

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"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

Joshua Davies, Thames Water

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