SAP FICO Training

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SAP FICO TRAINING IN HYDERABAD

182 Ratings

Course Duration : 50h

Course Level : Beginner

Upcoming Batches

About the Course

FICO, also called Finance and Controlling, helps integrate the accounting side of a business. All the financial sections like Accounts Receivable, Accounts Payable, General Ledger, Tax, etc are incorporated into SAP. So as payments are made, products are sold, entries in the books are automatically updated in the system in real time. It makes month ends much easier in companies now with all the automation Controlling, on the other hand represents the flow of costs and revenues from the transactions that take place in the company.It helps to track internal costs within the company. Thus, CO is a management tool which helps them analyze on how well the company is doing. The various segments include Cost accounting, Profitability, Product costing, etc.

Description

WHAT ARE THE COURSE OBJECTIVES?

FI stands for Financial Accounting and CO stands for Controlling. SAP FICO module is very robust and covers almost all business process encountered in various industries. It is one of the very important and widely implemented modules in SAP

SAP FI is made up of sub modules. The sub-modules that are often used are accounts receivables, accounts payables, asset accounting, general ledger Accounting and bank accounting.

WHAT ARE THE ROLES AND RESPONSIBILITIES AND METHODOLOGY OF THIS MODULE?

SAP FICO required to analyze user requirement, mapping into SAP system, maintain configuration, Testing, Training, upload opening balance, and support after go live.

As support SAP FICO handle trouble issue related with SAP FICO and enhancement new/existing program based on user requirement.

WHO SHOULD GO FOR THIS TRAINING

Every graduate can pursue this course. SAP FICO is one of the best course to do now a days and get a reputed job in MNC to start a career as SAP FICO Consultant.

WHAT ARE THE SKILLS THAT YOU WILL BE LEARNING WITH THIS COURSE?

Preparation of financial statements
Profit and loss (P&L) analysis
Balance sheet accounts reviews and reconciliations
General Ledger (GL) and Cost Center (CC) master data management
Purchase price valuation (PPV) analysis
Supply Chain Management (SCM) reporting
Month-end closing processes
Quarterly reporting
Audits
Support of Liaison
Participation in annual budget preparation
Understanding FICO modules to the extent that you are able to suggest process improvements
Preparation of Federal/state Income tax return statements

WHAT ARE THE PREREQUISITES TO LEARN THIS COURSE?

You don’t need to have a financial degree to apply for an SAP FICO job or learn SAP FICO. but as it is easier if you are a Finance Graduate/Post Graduate/CA/MBA Finance etc, to start syncing in the concepts easily. That is the only differentiation from a degree perspective. How fast can you understand Debit-Credit, Balance Sheet/ P&L? Of course, the Finance degree guys have an edge.

Key Features

Instructor-Led Sessions

50 Hours of Online Live Instructor-Led Classes. Weekend Classes: 24 sessions of 2 hours each. Weekday Classes: 50 sessions of 1 hour each.

Real-Life Case Studies

Live project based on any of the selected use cases, involving implementation of the various concepts.

Assignments

Each class will be followed by practical assignments.

Lifetime Access

You get lifetime access to LMS where presentations, quizzes, installation guide & class recordings.

24 X 7 Expert Support

We have 24×7 online support team to resolve all your technical queries, through ticket based tracking system, for the lifetime.

Certification

After completing your final course project successfully emax will provide you certificate as a SAP Trainee.

SAP FI/CO & S4 HANA with SIMPLE FINANCE

INTRODUCTION TO ERP

Overview of ERP?
Advantages of SAP over other ERP Packages?
Why we need ERP?
History& Features of SAP
Advantage of SAP over another ERP package
Introduction to SAP & R/3 Architecture
Induction to HANA System
ECC to HANA changes.
Induction to S/4 HANA and Simple Finance
S/4 HANA Benefits.
SAP- System-Landscape
Induction of SAP Domains (Functional, Technical and Security)
Overview of Remaining Modules (Fun: MM, SD, PP, HR, FM etc…,Tec: ABAP and Security: BASIS)
Fundamentals of Business Accounts (All Debit and Credit accounting entries with Profit and Loss Statement and Balance Sheet Overview.

INDUCTION TO SAP FI/CO

What is FI/CO
Sub Modules in FI/CO
Introduction to G/L, (New G/L), A/P,A/R, AA, Bank Accounting and Taxation.
Introduction to CEA, CCA, EC,PCA, CO-PC, CO-PA.
Concepts of integration with MM & SD
Introduction of Month-end Closing & Year-end Closing

GLOBAL PARAMETERS

- Chart of Accounts- Types of COA
- Fiscal Year Variant- Types of Fiscal Years
- Posting period Variant
- Open and Close Posting Periods
- Multiple currencies & Exchange Rate Maintenance
- Field Status Variants& Groups
- Define posting keys
- Defining Tolerance Groups For GL & Employees
Other Aspects of Global Parameters

CLASSIC G/L& NEW G/L CONCEPTS WITHPCA

Introduction to multiple Ledgers for local GAAP, IFRS & US GAAP
Define & Activate New G/L
Activation & Specification of Additional Ledgers
Define Currency for Additional Ledgers
Define Document Splitting for G/L Accounting
Active Document Splitting
Define Document types for Entry View
Create G/L Accounts
Documents in G/L-Ledger & Ledger Group , Foreign Currency , Special Periods
Documents in G/L Park & Post , Hold, Recurring, Account Assignment Types etc,
Reversal Document
Foreign Currency Valuation
Bank Interest Calculation
G/L automatic Clearing Maintenance
G/L Reports
Transfer Balance & Carry Forward (BalanceSheet & P&L items)
G/L Reports
Finance Statement version

A/R & A/P,BANKING

Vendor and Customer account group
Documents types for customer and vendors
Number Range assignment for Account group
Reconciliation Accounts for customers and Vendor Master Data
Customer and Vendor Master Data
Special GL transaction
Automatic determination of G/L Accounts for taxes,Foreign exchange(Realized and un Realized accounts)
Terms of payment
House banks
Check and transfer method of payment through banks
Payment methods
Automatic Payment Program
Manual&Electronic Bank Statement
Dunning Procedure
Down Payments,Bills of Exchange and Guarantees
Tax Calculation Procedure
Taxes-Service tax with GTA and Withholding taxes(TDS&TCS)
Customer and Vendor Reports

REAL-TIME PROJECT

IMPLEMENTATION PROJECT:

Implementation Project:

Non SAP System to SAP ECC Implementation

ASAP Methodology
Non SAP to HANA (Green Field Implementation)
Activate Methodology

Project Preparation: Analysis to Client Business, based on Client Business,

have to finalize SAP Implementation timelines and Consultant Roles

Business Blue Print:
AS-IS Process: (Client Current way of doing business like NON SAP System

TO-BE Process: (Future all Functionalities in SAP System)

GAAP Analysis: Client Requirement. Not possible in SAP Standard have to Develop the program

Business Process: G/L Accounting (Book Keeping)

Accounts Payable (Vendor Transaction)

Accounts Receivable (Customer Transaction)

Asset Accounting

Bank Accounting

Taxation

Profit & Loss Statements

Balance Sheet Preparation (Assets & Liabilities)

Realization:All Client Requirement Configuration/Mapping to SAP System. Any client Requirement stand SAP Not possible Have to develop Now programme (Functional Specs Preparation)

Project Finalization: Training to Endusers / Business Users

Cutover Strategy: Upload all Data’s. Non SAP System to SAP System

Data’s: Master Data (General ledger, Vendors, Customer, Assets)

Transaction Data (Vendor Invoice, Payments, G/L Postings Like Salary, Rent Paid)

Organization Data (Company Details)

Go-LIVE………

SUPPORT PROJECT

After SAP Implementation. Business users are facing any errors/Issues.we are consultants has to resolve Priority Base.

P1 Priority 1: Issue Resolve within 3 Hours
P2 Priority 2: Issue Resolve within 8 Hours
P3 Priority 3: Issue Resolve within 3 days
P4 Priority 3: Issue Resolve within 5 days
P5 Priority 3: Issue Resolve within 10 days
Provide 5 Genuine Real-time Tickets
Migration Project: Any new Functionality will come to have to Migrate from
Old Version to New Version
Ex: 2017 July before Taxes GST
Excise Duty                             CGST
Service Tax                            SGST
VAT                                       IGST
CST                                         UTGST
SHEC
HEC
Rollout Projects:
HP Company using the last 10 years SAP System.
HP is Acquired/Purchase DXC Technology
DXC using (Tally, Excel, Baan, Other ERP Software).
So DXC also Converts/ Rollout to SAP System.

DOCUMENTS

FI/CO Soft Copy
Regular Classes
Business Blue Print
AS-IS Doc
TO-BE Doc
GAAP Analysis Doc
Functional Spec’s Doc
Configuration Doc
TR (Transport Documents)
KDS (Key Data Structure)
BUD (Business Understanding)
SGD (Solution is given Doc)
MOM (Minutes of Meeting)
Master Data Upload Documents
Transactional DATA Upload Documents
Provide Genuine Support Tickets

SAP DOMAIN

Functional Technical Security

Fi/Co ABAP BASIS

Etc……

SAP- LANDSCAPE

DEV Server QA PRD

Golden Client Quality Testing Production Server

all configurations Client Business

made here Day to Day Transactions

INTEGRATION

FI-MM

FI-MM integration (Conf. from MM to attain PO,GR and IR)
Accounts Assignment Categories in PO and business process to be used with different Account Assignment Categories
Valuation area, Valuation class and its importance in Material Master
Accounting aspects from Material Master
Material Movement Types
OBYC and G/L Account Assignments from MM process

FI-SD

FI-SD Automatic Accounts determination
Revenue Reorganization Process in FI and SD Integration
FI+MM Integration including Excise Duty, VAT,CST
Procurement of Direct Materials
Procurement of Indirect Materials
Procurement of Assets
Procurement of services
FI+SD Integration including Excise Duty, VAT, CST
Sale of goods including Trading Goods& Finished Goods
Service sales
Excise utilization
Taxation with GST

ASSET ACCOUNTING

Chart of Depreciation

- - Define 0% tax Codes for Asset Accounting
  - Asset Classes and Account determination of Asset Classes
  - Depreciation Areas- Companies Act, IT ACT, IFRS&US GAAP
  - Screen Layout Rules and Number Range Assignments
  - Depreciation Areas for Parallel Currencies
  - Group Assets
  - Depreciation Keys
  - Asset Master data (Main and Sub Assets)
  - Overview of Revolution of Assets
  - Introduction to Inflation Accounting
  - Asset Acquisition (Direct and AuC)
  - Running Depreciation
  - Asset retirement (Scrapping, with Revenue with Customer and without Customer)
  - Inter and Intra Asset Transfers
  - Asset Reports/ With Different variants and Asset explorer
  - Strategy on data Migration related to Assets (Legacy Assets- upload process)
  - Asset procurement with MM +GL+AA Integration

CONTROLLING (CO)

Define controlling area
Maintaining control areas settings
Importance of Different Fields in controlling Area
Assignment of Controlling area to Company Codes
Maintaining number ranges for controlling documents
Maintain versions
Activate components in controlling Area

COST ELEMENT ACCOUNTING

- Primary cost and secondary cost Elements
- Cost Element categories
- Cost Element groups
Cost element report

COST CENTER ACCOUNTING

- - Cost Center Hierarchy
  - Cost Center Groups
  - Cost Center Categories
  - Cost Center Mater
  - Activity Type
  - Statistical Key Figures
  - Reposting, Distribution and Assessment
  - Activity type categories
  - Planning and Budgeting of Cost Elements
  - Define Planner Profile, Versions for Planner Profile
  - Planning VS Budgeting of Cost centers
  Cost Center Reports

INTERNAL ORDERS

- - Order Management in Controlling Area
  - Define and Assign number ranges to Order Groups
  - Types of Orders
  - Model Orders
  - AuC (Assets) process with Internal Order (Real)
  - Investment Management Integration with Internal Orders
  - Month end and final Settlements of Internal Orders
  - Information System (Reports) for Internal Order

PRODUCT COSTING & MATERIAL LEDGER

Configuration of product costing
Maintain overhead cost elements
Maintain overhead keys
Define cost component structure
Maintain Overhead cost Elements
Define Costing Sheets
Define Overhead Keys and Groups
Define Cost Component Structure
Variance Calculation
Work in Progress
Settlement
Variance Calculation
Work In Progress
Settlement
Product Cost by Sales
Result Analysis
Settlement
Product Costing by Planning
Product Costing by Order
Product Costing by Period
Product Costing by Sales Order with MM,SD,PP and COPA Integration
Define and Activate Material Ledger
Assign Currency types to Material Ledger
Dynamic Price Change in ML
Other Aspects of ML
Material Costing

CO-PA

Define Operating Concern
Define Characteristics and Value fields
Define Profitability Segment Characteristics
Define Characteristic Hierarchy and Derivation
Maintenance and Assignment of Value fields
Transfer of Billing Documents to COPA
Automatic Account Assignment
Maintain PA Transfer structure for Direct FI Postings
Information System in COPA

CLASSIC PROFIT CENTER ACCOUNTING

Maintain profit Center and Activation of Company Codes in profit center
Control Parameters for Actual data
Plan versions
Profit Center Standard Hierarchy
Profit Center Groups
Transfer pricing Process with profit Center
Maintain planner profiles
Distribution & Assessment
Automatic Account Assignment for Revenue Elements

REPORTS IN PROFIT CENTER ACCOUNTING

Preparation of Functional specs for Z reports
LSMW
Report Painter
Resolving tickets with Real time scenarios
Implementation, Support and maintenance process
Complete Real Time Projects in ECC and S/4 HANA

Advanced Controlling

COST OBJECT CONTROLLING

Overview Discreate and Repetative Manufacturing
Product Costing
Product cost by order (Discrete)- At Product Level
Product cost by Period (Repetitive) with WIP
Product cost by Period (Repetitive) without WIP
Production against SO with Valuation (Not a Cost Object)- MTO
Production against SO with Valuation (Cost Object)- MTO

Production against SO with Valuation – MTO

SPECIAL SCENARIOS

Calculation of plan activity Prices, Primary Cost Component Split
Scenario Based Product cost estimates- Auxilary Cost Component Split
Overhead Key and Group
Template Allocation
Origin Group Usage
Additive cost Estimate
Mixed cost Estimate
By Product costing
Split Valuation
Sub-Contracting
Stock Transfer
Unit Costing
Scrap

S/4HANA with SIMPLE FINANCE CONTENT

S/4HANA WITH SIMPLE FINANCE

Activate Business Functions of HANA
Basic Settings for company Code
Define Chart of Accounts (With HANA Changes)
Open and Close posting periods
Enter Global Parameters
Accounting Principles (All Countries GAAPs)
Assign Accounting Principles to Ledger Group
Define Controlling Area basic settings (With HANA Changes)
Ledgers of S/4 HANA
Integration of controlling with Financial accounting
Execute Consistency Check of General Ledger Settings
Master Records
G/L Master creation
Regenerate CDS Views and Field Mapping
Display application log for Regenerate CDS view
Postings
Edit coding Block
Foreign Currency Valuation
Error Correction and Suspense Accounting

Business Partner Creation

ASSET ACCOUNTING-CONFIGURE SETTINGS

Book Depreciation-USD- Group Valuation
Local GAAP/Local Currency–USD- Group Valuation
Tax Accounting/ Tax Currency–USD- Group Valuation
Book Depreciation-GBP-Hard Currency Valuation
Local GAAP/Local Currency-GBP- Group Valuation
Tax Accounting/ Tax Currency-GBP- Group Valuation
Specify Transfer of APC value
Specify Transfer of Depreciation Terms
Specify the Use of Parallel Currencies
Define Asset Class
Define Technical Clearing Account for Integrated Asset Acquisition
Define Different Technical Clearing Account for Required Fie
Specify Alternative Document Type for Accounts-Principle-Specif
Define Separate Document Types by Company Code
Define Depreciation Area for Quantity Update
Allow Differing Variants for Depreciation Areas with G/L Int
Valuation Methods:-
Post Net Book Value Instead of Gain/Loss
Activate New Asset Accounting (New Customers)
Assign Input Tax Indicator for Non-Taxable Acquisitions
Assign Chart of Depreciation to Company Code
Specify Account Determination
Create Screen Layout Rules
Define Number range Intervals for Asset master records

REAL-TIME PROJECT

Implementation Project:

* Non SAP System to SAP ECC Implementation
* ASAP Methodology
* Non SAP to HANA (Green Field Implementation)
* Activate Methodology

Project Preparation:

Analysis to Client Business, based on Client Business,
have to finalize SAP Implementation timelines and Consultant Roles

Business Blue Print:

AS-IS Process: (Client Current way of doing business like NON SAP System
TO-BE Process: (Future all Functionalities in SAP System)
GAAP Analysis: Client Requirement. Not possible in SAP Standard have to
Develop the program)

Business Process:

G/L Accounting (Book Keeping)
Accounts Payable (Vendor Transaction)
Accounts Receivable (Customer Transaction)
Asset Accounting
Bank Accounting
Taxation
Profit & Loss Statements
Balance Sheet Preparation (Assets & Liabilities)

Realization:

All Client Requirement Configuration/Mapping to SAP System.
Any client Requirement stand SAP Not possible Have to develop
Now programme (Functional Specs Preparation)

Project Finalization:

Training to Endusers / Business Users

Cutover Strategy:

Upload all Data’s. Non SAP System to SAP System

Data's:

Master Data (General ledger, Vendors, Customer, Assets)
Transaction Data (Vendor Invoice, Pay

Support Project:

After SAP Implementation. Business users are facing any errors
/Issues. we are consultants has to resolve Priority Base
P1 Priority 1: Issue Resolve within 3 Hours
P2 Priority 2: Issue Resolve within 8 Hours
P3 Priority 3: Issue Resolve within 3 days
P4 Priority 3: Issue Resolve within 5 days
P5 Priority 3: Issue Resolve within 10 days
Provide 5 Genuine Real-time Tickets

Migration Project:

Any new Functionality will come to have to Migrate from

Rollout Projects :

HP Company using the last 10 years SAP System.
HP is Acquired/Purchase DXC Technology
DXC using (Tally, Excel, Baan, Other ERP Software).
So DXC also Converts/ Rollout to SAP System.

DOCUMENTS

* FI/CO Soft Copy
* Regular Classes
* Business Blue Print
* AS-IS Doc
* TO-BE Doc
* GAAP Analysis Doc
* Functional Spec’s Doc
* Configuration Doc
* TR (Transport Documents)
* KDS (Key Data Structure)
* BUD (Business Understanding)
* SGD (Solution is given Doc)
* MOM (Minutes of Meeting)
* Master Data Upload Documents
* Transactional DATA Upload Documents
* Provide Genuine Support Tickets

SAP- LANDSCAPE

DEV Server QA PRD
Golden Client Quality Testing Production Server
all configurations Client Business
made here Day to Day Transactions

Course Certification

Reviews

Hello everyone. I would like to say few words about EMAX Technologies. It’s one of the very good classroom courses provider. The SAP FICO Module – they teach from the basic fundamentals with more no. of Real-time applications and examples, and the doubt clearing sessions are good. The LMS (Learning Management System) is nice. The support team is excellent they will guide and resolve ur problems in a matter of time… I will recommend this one.

This review is regarding SAP FICO Module. I personally felt this as a course to just introduce yourself to SAP FICO and to know the features of it.

Experience with EMAX Tech is world class. I took SAP FICO Training. I feel the course had extremely knowledgeable instructors, professional course delivery, great customer support and the access to needed tools at the comfort of your time and place (home). I have not seen such a value for money for anywhere in the world. I will keep taking many many courses with EMAX Technologies ..Thank you for your help I am able to increase my billing rate and subject level expertise.

FAQ's

WHAT IF I MISS A CLASS?

You will never miss a lecture at Emax You can choose either of the option: View the recorded session of the class available in your LMS.

WHAT IF I HAVE QUERIES AFTER I COMPLETE THIS COURSE?

Your access to the Support Team is for lifetime and will be available 24/7. The team will help you in resolving queries, during and after the course.

HOW SOON AFTER SIGNING UP WOULD I GET ACCESS TO THE LEARNING CONTENT?

Post-enrolment, the LMS access will be instantly provided to you and will be available for lifetime. You will be able to access the complete set of previous class recordings, PPTs, PDFs, assignments. Moreover the access to our 24×7 support team will be granted instantly as well. You can start learning right away.

IS THE COURSE MATERIAL ACCESSIBLE TO THE STUDENTS EVEN AFTER THE COURSE TRAINING IS OVER?

Yes, the access to the course material will be available for lifetime once you have enrolled into the course.

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