The SAP FICO (Financial Accounting and Controlling) course is designed to provide students with comprehensive knowledge of SAP’s Financial Accounting (FI) and Controlling (CO) modules, enabling them to manage financial transactions, internal accounting, and reporting processes efficiently. SAP FICO is a crucial module in SAP ERP systems, widely used by organizations to manage financial data and perform financial and cost controlling activities.

This course is ideal for financial professionals, accountants, consultants, and students looking to build expertise in SAP’s financial and controlling functions. It covers both the fundamental concepts and advanced topics of SAP FICO, from basic configuration to real-world applications, and prepares students for certification exams and professional roles.

Course Objectives:

• Understand the structure and functionality of SAP FI and CO modules.
• Configure and implement the SAP FICO system for financial operations.
• Manage financial accounting processes such as accounts payable, receivable, asset accounting, and general ledger.
• Perform controlling functions, including cost center accounting, internal orders, and profitability analysis.
• Generate financial reports and ensure regulatory compliance.
• Integrate SAP FICO with other SAP modules like MM (Materials Management) and SD (Sales and Distribution).

Module 1: Introduction to SAP ERP and SAP FICO

• Overview of SAP ERP and its modules.
• Introduction to SAP FICO and its sub-modules (FI and CO).
• SAP navigation and interface.
• Understanding the organizational structure in SAP (company codes, business areas, etc.).

Financial Accounting (FI) Module

Module 2: General Ledger (G/L) Accounting

• Overview of G/L accounting in SAP.
• Setting up chart of accounts and company codes.
• G/L master data configuration and management.
• Posting and clearing G/L entries.
• Reconciliation accounts and integration with sub-ledgers.

Module 3: Accounts Payable (AP)

• Overview of accounts payable processes.
• Vendor master data creation and management.
• Posting vendor invoices, debit/credit memos.
• Automatic payment program configuration.
• Vendor payment processing and reporting.

Module 4: Accounts Receivable (AR)

• Overview of accounts receivable processes.
• Customer master data creation and management.
• Posting customer invoices, receipts, and adjustments.
• Dunning and credit management.
• Integration with SD for invoice generation.

Module 5: Asset Accounting (AA)

• Overview of asset accounting.
• Asset master data creation and configuration.
• Acquisition, depreciation, and retirement of assets.
• Asset reporting and integration with other modules.

Module 6: Bank Accounting

• Configuring house banks and bank accounts.
• Cash management and liquidity forecasting.
• Manual and automatic bank statement processing.
• Payment processing through banks.

Module 7: Financial Statements and Reporting

• Preparation of financial statements (balance sheet, P&L statement).
• Generating financial reports in SAP.
• Month-end and year-end closing activities.
• Integration with other modules for financial reporting.

Controlling (CO) Module

Module 8: Cost Center Accounting (CCA)

• Introduction to cost centers and cost elements.
• Configuring cost center master data.
• Posting direct and indirect costs to cost centers.
• Cost allocation and distribution methods.
• Cost center reporting and analysis.

Module 9: Internal Orders (IO)

• Overview of internal orders and their use in controlling.
• Creating and managing internal orders.
• Monitoring and reporting costs related to internal orders.
• Settlement of internal orders to cost centers, G/L accounts, etc.

Module 10: Profit Center Accounting (PCA)

• Introduction to profit centers and their configuration.
• Creating and managing profit center master data.
• Profitability analysis and segment reporting.
• Allocation of revenue and expenses to profit centers.

Module 11: Product Costing (PC)

• Understanding product cost planning and cost object controlling.
• Configuring and managing costing variants, versions, and BOMs.
• Calculation of overhead rates and cost components.
• Work-in-progress (WIP) and variance analysis.

Module 12: Profitability Analysis (CO-PA)

• Introduction to profitability analysis (CO-PA).
• Configuring operating concerns and characteristics.
• Costing-based and account-based profitability analysis.
• Reporting and analyzing profitability by market segments.

Integration and Advanced Topics

Module 13: Integration with SAP MM and SD

• Integration of SAP FICO with MM (Materials Management) for procurement processes.
• Integration of SAP FICO with SD (Sales and Distribution) for order-to-cash processes.
• Cross-module data flow and its impact on financial and controlling reports.

Module 14: SAP FICO Customization and Configuration

• Customizing SAP FICO settings according to business requirements.
• Understanding and configuring posting periods and document types.
• Configuration of automatic account determination.
• Advanced settings for taxes, foreign currency handling, and document splitting.

Module 15: Reporting and Analytics

• Overview of SAP FICO reporting tools.
• Configuring and running standard and custom reports.
• Using SAP’s reporting tools such as Report Painter and Report Writer.
• Integration with SAP Business Intelligence (BI) for advanced analytics.

Module 16: Project-Based Learning and Final Assessment

• Hands-on project to apply the knowledge gained during the course.
• Real-world scenarios involving financial accounting and controlling.
• System configuration, testing, and troubleshooting.
• Final assessment and review.