SAP Financial And Control (FICO) Training | SAP Training in Cork

SAP Finance and Controlling (FICO) Training​ Course Outline

Module 1: Introduction to SAP S/4

• Overview of ERP Systems
• Advantages of SAP S/4 Over Other ERP Systems
• Introduction to SAP S/4 FICO
• SAP S/4 Architecture
• Multi-Tenant Landscape
• Managing Transport Requests
• SAP S/4 Message Types
• 4 C’s in SAP S/4 Implementation

Module 2: Financial Accounting Basic Settings

• Configuring Companies
• Assignment of Company Code
• Business Area Configuration
• Chart of Accounts Setup Specific to S/4
• Account Group Configurations
• Retained Earnings Account Management
• Fiscal Year Variants Specific to S/4
• Field Status Variants and Their Allocation
• Tolerance Groups for GL Accounts and Employees
• Document Types and Posting Period Variants
• Setting Global Parameters

Module 3: General Ledger Accounting

• G/L Account Operations (Display, Change, Block, Unblock)
• Document Entry and Posting (FB50, FB01)
• Generating G/L Account Balances and Line Items
• Handling Parked and Hold Documents
• Steps for Creating and Posting with Sample Documents
• Document Reversal Techniques: Individual and Mass Reversal
• Managing Accrual and Deferral Documents
• Exchange Rate and Currency Translation
• Clearing Types (Standard, Partial, Residual)
• G/L Account Posting and Tolerance Configurations

Module 4: Accounts Payable

• Creating Vendor Account Groups
• Setting Number Ranges for Vendor Master Records
• Developing Tolerance Groups for Vendors
• Vendor Master Data Creation and Management
• Payment Terms and Cash Discounts Configurations
• Automating Payment Program Settings
• Managing House Banks and Payment Transactions
• Check Management and Payment Advices

Module 5: Accounts Receivable

• Customer Account Group Settings
• Number Ranges for Customer Master Records
• Customer Master Data Management (XD01/FD01/VD01)
• Dunning and Cash Discount Configurations
• Automated Payment Program for Customers

Module 6: Bank Accounting

• Configuring Electronic Bank Statements (EBS)
• Cash Journal Management
• Bank Account Operations

Module 7: Asset Accounting

• Asset Accounting Configuration and Management
• Depreciation Settings and Calculations
• Asset Transactions and Year-End Activities

Module 8: New General Ledger Accounting

• Implementing Parallel Ledgers
• Document Splitting Techniques

Module 9: Financial Reporting

• Financial Statement Version (FSV) Configuration

Module 10: Basic Settings for Controlling

• Definition of Controlling Area
• Number Ranges and Plan Versions for Controlling Area

Module 11: Cost Element Accounting

• Creating Primary and Secondary Cost Elements
• Automatic and Manual Creation of Cost Elements
• Management of Cost Element Master Records

Module 12: Cost Center Accounting

• Setting up Cost Centers and Cost Center Groups
• Hierarchical Structures and Planning for Cost Centers

Module 13: Period-End Activities

• Managing Statistical Key Figures
• Assessment and Distribution Cycles
• Periodic Reposting

Module 14: Internal Orders

• Order Types and Creation of Internal Orders
• Internal Order Master Data Management
• Variance Analysis and Settlement Profiles

Module 15: Profit Center Accounting

• Creation and Management of Profit Centers
• Defining Control Parameters and Planning Versions
• Document Settings for Profit Center Accounting

Module 16: Profitability Analysis

• Configuration of Operating Concern
• Mapping SD Conditions to Copa Value Fields
• Analysis of Profitability Segments

Module 17: Product Cost Planning

• Material Costing, Bill of Materials, and Routing
• Creating and Managing Cost Estimates
• Using Costing Variants for Product Costing

Module 18: Financial Accounting with Materials Management

• Integration with Organisational Units in MM
• Vendor and Purchasing Configurations
• Invoice Verification and Goods Receipt Processes

Module 19: Financial Accounting with Sales and Distribution

• Integration with SD Organisational Structures
• Pricing and Billing Configuration
• Order to Cash Process

Module 20: Validations and Substitutions

• Configuration for Document Level and Line Item Level
• Using Sets for Validation and Substitution Rules

Module 21: Taxation

• Configuring Input and Output Taxes
• Tax Calculation Procedures

Module 22: Year-End and Month-End Closing

• GL Account Balance Carry Forwards
• Managing Special Period Posting

Module 23: Trading Partner Configuration

• Setup and Reporting with Trading Partners
• Configuring Intercompany Transactions

Module 24: Mass Maintenance

• Tools and Processes for Changing Multiple Master Data Entries
• Using Mass Change Options Effectively

Who should attend this SAP FICO Training?

The SAP FICO Certification Course has been curated to provide delegates 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

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.

What’s included in this SAP FICO Training?

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