Course description

Highlights:

- SAP Financial Accounting (FI): Learn how to manage financial transactions, general ledger, accounts payable, accounts receivable, and asset accounting using SAP. - SAP Controlling (CO): Understand how to control and monitor costs, manage internal orders, and generate profitability reports in SAP. - Integration: Gain insight into the integration between SAP FI and CO modules and howthey work with other SAP modules for efficient financial management. - Reporting and Analysis: Master the art of generating various financial reports and conducting data analysis within SAP.

Course Objective:

By the end of this course, you will be able to: - Navigate and configure the SAP FICO module to handle financial accounting and controlling tasks. - Manage day-to-day financial operations such as general ledger entries, accounts payable, accounts receivable, and asset management. - Perform cost analysis, manage internal orders, and track profitability in SAP. - Integrate financial data between SAP FI and CO and generate insightful reports for decision-making. - Understand SAP FICO’s role in the overall enterprise resource planning system.

Course Structure:

1. Introduction to SAP FICO - Overview of SAP ERP and the SAP FICO module - SAP FICO navigation and system interface - Key components: Financial Accounting (FI) and Controlling (CO) - SAP FICO integration with other

2. SAP Financial Accounting (FI) - Configuration of company codes, chart of accounts, fiscal years - Managing general ledger (GL) accounts and posting financial transactions - Accounts payable (AP) and accounts receivable (AR) processes - Asset accounting (AA) and managing fixed assets in SAP - Bank accounting and reconciliation

3. SAP Controlling (CO) - Introduction to cost centers, internal orders, and profit centers - Cost element accounting and managing overheads - Allocation methods: assessment, distribution, and settlements - Profitability analysis (CO-PA) for tracking business performance - Internal order management and reporting

4. Integration of FI and CO - Integration of Financial Accounting (FI) and Controlling(CO)- Posting financial transactions to cost centers and internal orders - Managing cross-functional workflows and data synchronization - Understanding document flow and integration of SAP FICO with other modules likeMMand SD

5. Reporting and Data Analysis in SAP FICO - Standard financial reports: Balance Sheet, Profit & Loss, Trial Balance - Cost center and profitability reports - Advanced reporting techniques using SAP Fiori and SAP Analytics Cloud - Customizing reports and generating financial

6. Month-End and Year-End Closing Procedures - Closing of accounting periods in FI and CO - Financial reconciliation and tax adjustments - Managing depreciation and asset closing - Reporting

Learning Methodology:

Interactive Lectures: Learn through structured lessons delivered by industry experts. Hands-on Practice: Access to a demo SAP system for real-time practice and scenario-basedexercises. Assessments and Quizzes: Periodic quizzes and assignments to evaluate understandingandreinforce learning. Live Sessions: Participate in live Q&A sessions for clarification of concepts and guidance. Discussion Forums: Engage with peers and instructors in discussions to solve problems andexchange ideas.

Who Should Enroll:

- Aspiring SAP consultants looking to specialize in SAP FICO - Finance professionals who want to enhance their knowledge of SAP ERP systems - Accountants and financial analysts looking to move to SAP-based environments - Business analysts interested in understanding financial processes in SAP - Anyone wanting to build a strong foundation in financial accounting and controllingwithinSAP

This SAP FICO course is the ideal pathway for anyone seeking a career in financial management using SAP. Whether you are a beginner or an experienced professional lookingto upskill, this course will provide you with the essential tools and knowledge to excel intheSAP FICO domain and make a significant impact in your organization’s financial 

 

What will i learn?