SAP- FICO (Financial Accounting and Controlling)

SAP FICO denotes FI (Financial Accounting) and CO (Controlling / Management Accounting). SAP FI/CO is a critical module of SAP ERP Business Suite, and both modules store the world of financial related transactions/information.

Both FI and CO are the core modules of the SAP ERP system and are integrated with other key modules such as Sales and Distribution, Material Management, Human Resources Management.

Our SAP- FICO hands-on instructor-led training will make you ready for the lucrative SAP job market and also equip you with all tips & techniques needed for clearing the SAP FICO German certification.

Accountants, Finance Professionals, SAP User

KHDA Dubai

ERP Overview

• SAP Introduction
• Industry Process with ERP Solution

Course Content

Financial Accounting Basic Settings:

• Setting up and commissioning of company and company code
• Setting up of business area
• Delineating and commissioning of fiscal year variant
• Delineating and commissioning of posting period variant
• Delineating open and closing posting periods
• Delineating document type & number ranges
• Maintenance and commissioning of field status variants
• Delineating and commissioning of tolerance groups of employees
• Taxes on Sales & Purchases (input & output)
• Setting up of chart of Accounts
• Delineating Accounts Groups
• Delineating Retained Earnings Account.
• Delineating tolerance groups for G/I accounts

General Ledger Accounting:

• Setting up of General Ledger Master (with and without reference)
• Display/Change/Block/Unblock of general ledger master
• Posting Document entries with reference.
• Display and change of documents
• Display of GL balances and Line items
• Parked documents & hold documents
• Setting up of Sample Document and posting
• Delineating recurring entry document and posting
• Setting up of account commissioning model and posting
• Configuration of line layouts for display of GL line items
• Reversal of different documents, mass reversal , reversal of cleared items and reversal of accrual and deferral documents
• Delineating Exchange Rate types and Translation ratios
• Delineate Exchange rates & posting of foreign currency transactions
• Interest calculations on term loans

Accounts Payable

• Setting up of vendor account groups and commissioning of number ranges
• Setting up of tolerance group for venders
• Setting up of vendor master (display/change/block/unblock of vender master)
• Posting of vendor transactions (invoice posting, payment posting, credit memo)
• Setting advance payments to parties (down payment) and clearing of down payment against invoices (special GL transactions)
• Posting of partial Payment & Residual Payment
• Setting up of payment terms,
• Setting up of house banks and account ids.
• Setting up of check lots and maintenance of check register
• Configuration of automatic payment program
• Payment to vendors through APP
• used & unused checks cancellation and reversal of issued checks.
• Delineating correspondence & party statement of accounts

Accounts receivable:

• Setting up of customer account groups and commissioning of number ranges
• Setting up of tolerance group for customers
• Setting up of customer master (display/change/block/unblock of vender master)
• Posting of customer transactions (sales invoice posting, payment posting, debit memo)
• Setting payment (down payment) advances from parties
• Configuration of settings for dunning
• Delineating correspondence & party statement of accounts

Asset Accounting

• Delineating chart of depreciation
• Delineating account determination, screen layout, number ranges and asset classes.
• Integration with General Ledger & Posting rules
• Setting up of asset master and sub asset master (change/display/block/unblock)
• Acquisition and selling, transfering and scrapping company Properties
• Post Capitalization and writeoff

Reports

• Versions of Financial Statements
• Assets Reports Accounts Payable, General Ledger, and Accounts Receivable

Course Outcome

• Increases your knowledge on the latest trends in the SAP world
• Equips you with the latest software tools to manage financial activities in your organization
• Helps you improve the SAP processes in your company thereby increasing value-addition
• Enhances professional growth and gives you better job opportunities

Learners point is one of the Dubai's leading training institute offering a wide range of training courses covering IT, Finance, Management, HR, Logistics, ERP and Leadership for corporate, working professionals, job seekers, and students.

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