SAP FICO (Finance and Controlling)

SAP training Ernakulam Kerala
SAP FICO (Finance and Controlling) is derived from FI (Financial Accounting) and CO (Controlling/Management Accounting).SAP Finance and Controlling (FICO) is one of the most widely used SAP modules. SAP FICO is a core functional component in SAP ERP Central Component that allows an organization to manage all its financial data. Functionally, both FI and CO modules store the financial related transactions/information. FI and CO modules are firmly integrated with other ERP modules such as Sales and Distribution (SD), Material Management, Human Resources Management, and so on. SAP FI is used for external reporting purpose, for example, making Balance Sheet, Profit, and Loss statement. The objective is to record all financial transactions that are posted by an entity and produce financial statements which are accurate at the end of the trading period. SAP FI is made up of sub modules. The sub-modules that are often used are General Ledger, Accounts Receivables, Accounts Payables, Asset Accounting. SAP FI Module integrates with other SAP Modules like SAP SD, SAP PP, SAP MM, SAP SCM, etc. SAP CO is used for an internal reporting purpose. SAP CO includes managing and configuring master data that covers cost center accounting, profit center accounting, internal orders, real order, product costing, profitability analysis. It helps organizations in planning, reporting and monitoring business operations.
  • Individuals looking to establish their credibility and value in the market as experienced DevOps Practitioners
  • System Administrators
  • Cloud Professionals
  • Solutions Architects
  • Infrastructure Architects
  • Site Reliability Engineers
  • Technical Leads
  • Software Engineers
  • Freshers
The DevOps training course aims on creating a strong DevOps base by providing you an intensified training for the best practices about Continuous Development, Continuous Testing, Configuration Management, including Continuous Integration and Continuous Deployment and finally Continuous Monitoring of the software throughout its development life cycle. This course will cover various DevOps tools including Git, Jenkins, Docker, Ansible, Kubernetes, Prometheus and Grafana, and Terraform. This training course is designed keeping in mind the latest trends in the industry.

1. Introduction

    Topics:
  • Introduction to ERP
  • Introduction to SAP

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2. Enterprise Structure

    Topics:
  • Definition of company
  • Definition of company code
  • Assignment of a company to company code
  • Definition of business area

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3. Financial Accounting Basic Settings

    Topics:
  • Definition of fiscal year variant
  • Assignment of fiscal year variant to company code
  • Definition of posting period variant
  • Assignment of posting period variant to company code
  • Open and close posting period
  • Maintenance of field status variants
  • Assignment of field status variant to company code
  • Defining Accounts Groups
  • Defining Retained Earnings Account
  • Definition of tolerance groups for GL accounts
  • Definition of tolerance groups for employees
  • Assignment of tolerance groups to users
  • Taxes on Sales & Purchases (input & output)
  • Defining document type & number ranges

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4. General Ledger Accounting

    Topics:
  • Creation of General Ledger Master (with and without reference)
  • Display/Change/Block/Unblock of general ledger master
  • Document Entry posting normal postings and posting with reference
  • Display and change of documents
  • Display of GL balances
  • Display GL account line items
  • Parked documents
  • Hold documents
  • Creation of Sample Document postings with sample documents
  • Reversal of individual documents, mass reversal and reversal of reversed document
  • Month End Provisions –
  • Open item Management – Full clearing, Partial Clearing and Residual Clearing
  • Accrual and Deferral documents
  • Interest calculations on term loans

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5. Accounts Payable

    Topics:
  • Creation of vendor account groups
  • Creation of number ranges for vendor master records
  • Assignment of number ranges to vendor account groups
  • Creation of tolerance group for vendors
  • Creation of vendor master (display/change/block/unblock of vendor master)
  • Posting of vendor transactions (invoice posting, payment posting, credit memo)
  • Display Vendor balances and G/L Balances
  • Configuration Settings for advance payments to Vendors (down payment)
  • Clearing of down payment against invoices (special GL transactions)
  • Posting of partial Payment & Residual Payment
  • Creation of payment terms,
  • Creation of house banks and account ids.
  • Creation of check lots and Creation of void reasons
  • Maintenance of check register
  • Display check register
  • Cancellation of unissued checks
  • Cancellation of issued checks
  • posting of purchase returns
  • Configuration of automatic payment program
  • Defining correspondence & party statement of accounts

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6. Accounts Receivable

    Topics:
  • Creation of customer account groups
  • Creation of number ranges for customer master records
  • Assignment of number ranges for customer account groups
  • Creation of tolerance group for customers
  • Creation of customer master (display/change/block/unblock of vendor master)
  • Posting of customer transactions (sales invoice posting, payment posting, debit memo)
  • Display customer balances and G/L Balances
  • Configuration Settings for advance payment from customers (down payment)
  • Configuration settings for terms of payment to customers
  • Configuration of settings for dunning
  • Generating the dunning letters
  • Defining correspondence and party statement of accounts
  • Bills of exchange
  • Posting of sales returns

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7. Asset Accounting

    Topics:
  • Copy reference chart of depreciation
  • Assignment of the chart of depreciation to company code
  • Creation of 0% tax codes for sales and purchases
  • Defining account determination
  • Definition of screen layout rules
  • Definition of number ranges for asset master
  • Creation of asset classes
  • Integration with General Ledger & Posting rules
  • Defining Depreciation key
  • Definition of multilevel methods
  • Definition of period control methods
  • Creation of main asset master records
  • Creation of sub-asset master records
  • Posting the transactions for Acquisition of fixed assets
  • Depreciation run and Asset explorer
  • Sale of fixed assets – with the customer and without the customer
  • Transfer of assets
  • Impairment of assets
  • Scrapping of assets, Line item Settlement of assets under construction of capital work in progress

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8. Controlling

    Topics:
  • Basic Settings for Controlling
  • Cost Element Accounting
  • Cost Center Accounting

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9. Integration of FI with HR - part 1

    Topics:
  • Introduction to Terraform
  • Terraform vs Ansible
  • Terraform Architecture
  • Terraform Configuration
  • Terraform Common Commands
  • Managing Terraform Resources
  • Terraform State
  • Terraform Project

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