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SAP FICO

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What is SAP – FICO?

SAP FICO is a combination of two mutually related components, SAP Finance (FI) and SAP Controlling (CO). Each of these components is used for specific financial processes. SAP FI deals with overall financial accounting and reporting, and SAP CO focuses more on monitoring costs and planning.

Some key features of SAP FICO:

  • Accounts Receivable–helps to maintain and manage all transactions with customers and clients
  • Accounts Payable–enables tracking and managing all the money payable to vendors and suppliers
  • General Ledger Accounting– enables real-time comparison between financial accounting and management accounting
  • Fixed Asset Accounting – enables effective evaluation of the fixed assets of a company
  • Cost Element Accounting - provides an overview of the company's costs and revenues
  • Cost Center Accounting - deals with costs associated with different departments within the company
  • Profit Center Accounting– deals with all of the cost data of the organization’s business lines.
  • Internal Orders– helps to manage costs for smaller internal projects and non-fixed assets
  • Profitability Analysis- enables to analyze the profitability of a company’s activities and products
  • Product Costing–deals with data about costs required to produce the company's goods and services

About the course:

A career in SAP FICO is very good and high in demand. Costing is a high paying job with a consistent growth rate, so is the competition in the industry. SAP is by a big margin, the leading ERP worldwide and its popularity and demand are constantly increasing. Madhu Hasita Tech is easily the top and the best SAP FICO training institute in Hyderabad. We offer placement focused training with an emphasis on churning world-class experts. Our faculty members are certified FICO experts with vast experience in handling real-time projects at different organizations. SAP- FICO training at Madhu Hasita Tech is given in both online and offline modes and the institute is equipped with excellent lab facilities and infrastructure. We are proud that students who completed training at Madhu Hasita Tech Academy have been placed in top MNCs across the world, making us one of the top SAP training institutes in India.

What you will learn in the course

Madhu Hasita tech  is one of the best SAP FICO training institutes in Hyderabad. During the training you will excel in concepts like SAP R/3 architecture, asset accounting in SAP, accounts payable, controlling, internal orders, general ledger, Profit Center Accounting (PCA), product costing, reports, integration, profitability analysis, SAP FICO real project and SAP financial accounting aspects and controlling. Besides the aforementioned concepts you will also learn the following basics aspects pertaining to Financial Accounting

  • Organizational units
  • Master data
  • Document control
  • Postings
  • Handling of payments, correspondence, dunning and closing operations in financial accounting
  • Automatic Payment Processing with a clearing of open items
  • Correspondence
  • Overview of monthly and yearly accounting processes
  • Financial statements
  • Preparatory closing postings in sub-ledgers and the general ledgers of the organization
  • Technical, organizational and documentary steps in individual closing process
  • Financial Closing Cockpit
  • Configuration of periodic closing in Financial Accounting

Training Overview:

SAP FICO training course a Madhu Hasita tech consists of a 200-hour training schedule; students are given certificates upon successfully completing the course. Our tutors are experts and best in industry coaching faculty in the country. Most of them are working professionals, handling various projects in top organizations in Hyderabad.

Trainings are available in both online and offline modes with doubt clearing sessions and personalized feedback by the faculty. Timings are flexible and the participants are helped with SAP FICO resume preparation. Students also get SAP FICO certification support.

Madhu Hasita tech is one of the best SAP FICO training institutes in Hyderabad, Ameerpet.

Join our SAP FICO training program to make a mark and succeed in one of the most rapidly growing industries worldwide, with a huge scope and many career opportunities in its domain.

SAP FICO – course Content

  • Introduction to ERP, Advantages of SAP over other ERP Packages
  • Introduction to SAP R/3 – S/4 HANA Finance
  • Introduction to G/L (NEW G/L), A/R, A/P, AA.
  • Introduction to Banking.
  • Introduction toCEA, CCA, EC- PCA, overview about CO-PA and PC.
Financial Accounting Basic Settings
  • Set Countries and Currencies, Region, Language, Calendar, Quotations, Exchange Rate Type, Exchange Rate, Exchange rate spreads.
  • Creation and assignment of company and company code
  • Creation of business area, Functional Area, Segment and Credit Control Area.
  • Creating Leading, Non- Leading and Extension 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.
  • Tolerance Groups Define & Assign.
  • Maintenance and assignment of field status variants
  • Defining and assignment of tolerance groups of employees
  • Taxes on Sales & Purchases (Basic Settings)
  • Creation of Chart of Accounts
  • Defining Accounts Groups
  • Defining Retained Earnings Account.
  • Defining tolerance groups for G/I accounts.Reversal of cleared items and reversal of accrual and deferral documents.
  • Creation of General Ledger Master (with and without reference)
  • 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
  • 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 the display of GL line items.
  • Create Screen Layouts.
Testing
  • 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.
  • House Bank.
  • Bank account interest calculation
  • Cash Journal.
  • Bank Reconciliation Statements.
  • Automatic Bank Reconciliation.
  • Manual Bank Reconciliation.
  • Various Methods of Bank Reconciliation Statement
Testing
  • Individual check payment.
  • Manual check payment.
  • Check registrar.
  • Check encashment
  • Validation Principles for Check Management
  • Creation of customer account groups and assignment of number ranges
  • Creation of tolerance group for customers
  • Creation of customer master (display/change/block/unblock of vender master)
  • Item Interest Configuration.
  • Down Payment Received
  • Bills Receivable.
  • Payment terms
  • Customer Discounts & Types.
  • Reserve for Bad-debts.
  • Risk Management.
  • Configuration of settings for Dunning.
  • Automatic Clearing.
  • Treatment of Bad debts
  • Creation of vendor account groups and assignment of number ranges
  • 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.
  • Payment terms
  • Vendor Discounts.
  • Configuration of automatic payment program
  • Defining correspondence & party statement of accounts.
  • Automatic Clearing.
Taxes
  1. Taxes on Sales / Purchase
  2. Withholding Tax.
Testing
  • 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.
  • LSMW– Legacy System Migration Workbench.
  • 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 various Depreciation keys.
  • Acquisition or purchase of assets, sale of assets.
  • The 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
  • Asset Purchase Posting.
  • Sale of Asset.
  • Transfer of Asset.
  • The scrapping of Asset.

Integration with MM.

    Movement types.

  • Valuation class.
  • Valuation area.
  • 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 the attributes of material types.
  • Set a tolerance group for purchase orders.
  • Set tolerance limits 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
  • Purchase order creation.
  • Goods receipts.
  • Invoices verification.
  • Goods issue for consumption.
  • Display material ledger.
  • Display material document.
  • Integration with SD.
  • Define sales
  • 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
  • Sales order creation.
  • Billing document.
  • Transport Requests.
  • Create users.
  • Role Authorizations.
  • Assign Tolerance to Users.
  • 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.
  • Cutover Activities.

 

  1. Inventory Takeover.
  2. Receivable Takeover.
  3. Payable Takeover.
  4. Asset Takeover.
  5. Other GL Takeover.
  • Define Financial Statement Version.
  • Balance carry forward Balances.
  • Month / Year Ending Activities.
  • Structure of Account Balances.
  • FICO Tables.
  • Financial statement version.
  • General Ledger, Accounts Payable, Accounts Receivable and Assets Reports.
  • User Define Reports.
  • Basic settings for controlling
  • Maintain Controlling Area.
  • Activate control indicators/ components.
  • Defining Number ranges for Controlling Area.
  • Maintain Planning Versions.
  • Cost Element Accounting.
  • Creation of Primary and Secondary Cost Elements.
  • Creation of Cost Element Groups.
  • Primary cost element categories and secondary cost element categories.
  • Cost Center Accounting
  • 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
  • Statistical Internal Order.
  • Real Internal Order.
  • Defining order types.
  • Creation of internal orders.
  • Postings to internal order.
  • Profit Center Accounting.
  • Basic Settings for Profit Center Accounting.
  • Creation of Dummy Profit Centers.
  • Creation of profit centers and profit center groups.
  • Creation of revenue cost elements.
  • Automatic Assignment of Revenue elements for Profit Centers.
  • Postings to profit centers, planning and variance reporting.
  • Overview of Product Costing.
  • Overview of Profitability Analysis.
  • SAP Methodology
  • IDOCs
  • BAPI
  • SAP Query.
  • Transport Request Creation and Release.
  • Tickets
  • SAP Notes
  • Implementation Projects
  • Support Projects
  • Enhancement / Re engineering Projects
  • Roll Out Projects-SAP CIN Training
  • Up gradation Projects
  • Reports
  • Interfaces
  • Conversions
  • Enhancements
  • Forms
  • Procurement Process (P2P)
  • Sales Order Process (OTC)

Frequently Asked Question

SAP FICO is a core module in SAP ERP that combines SAP Finance (FI) and SAP Controlling (CO). It is essential for managing financial transactions, reporting, and internal cost control in organizations. It helps businesses streamline their financial processes and comply with reporting standards.

The course is ideal for graduates, postgraduates, finance professionals, accountants, MBAs, and anyone aspiring to build a career in finance and accounting with SAP FICO knowledge.

The SAP FICO course at Hasita Tech spans 200 hours and is available in both online and offline modes. Flexible timings, personalized doubt-clearing sessions, and resume preparation support are also provided.

Key topics include SAP R/3 architecture, general ledger, accounts payable and receivable, asset accounting, controlling, profit center accounting, internal orders, profitability analysis, product costing, document control, payment processing, and financial closing procedures.

Yes. Upon successful completion, students receive a course completion certificate. Hasita Tech also offers placement assistance, SAP FICO certification support, and guidance for preparing a professional SAP FICO resume.

Empower Your Future with Expert-Led, Industry-Focused Training at Hasita Tech!

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