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SAP FICO Online Training Overview
3RI Technologies SAP FICO online training helps you hone your skill-sets and develop new aptitudes for SAP Financial Management Solutions. This training program will help you enhance your financial management skills. With this, learn all the necessary concepts like Cash & Banking Accounting, General Ledger Accounting, Account debits and credits, and many more such finance related concepts. We provide you the best SAP FICO online training and certification as well.
What is SAP FICO?
If we move into detailed description of SAP FICO, then we can see that FI & CO are two different concepts merged together as one course. Lets understand them first.
SAP FI i.e. Financial Accounting
SAP FI module provides managing financial transactions within a company. It helps all the employees in a company to manage information or data associated in any business financial transactions in a centralised system. It also helps in meeting all the reporting requirements involved in a company. This module is very adjustable and operates well and is suitable for all types of industries and businesses.
Whether it is a small scale industry or a large one, SAP execution aids in merging the data all kinds of business transactions and its requirements. SAP FI also collaborates with all its other modules like SAP MM, SAP SD and etc for better performance and result.
SAP CO i.e Controlling
SAP CO is also an important SAP module which is designed to control and manage the businesses. It verifies the process works of reporting, controlling, managing, monitoring and maintaining all the operations of the business. It also includes costing, reviewing of all the financial reports involved in a business.
- 100% job assistance
- Real-time module training
- Interactive sessions
- Additional self-development sessions
- Flexible timings
- 8 Weeks
- Basic knowledge of Accounting.
WHO CAN JOIN THIS COURSE?
- Professionals seeking career in SAP Consulting.
- SAP End Users
- SAP Consultants
SAP FICO Online Course Syllabus
Best-in-class content by leading faculty and industry leaders in the form of videos, cases and projects, assignments and live sessions
1. Introduction to SAP R/3
- Introduction to ERP, Advantages of SAP over other ERP Packages
- SAP Implementation methodology
- Overview of different modules in SAP
- Common SAP Terminologies
- Introduction to SAP R/3 FICO
2. Financial Accounting Basic Setup
- System Backbone - Enterprise Structure setup in SAP
- Company code
- Operating Concern
- Controlling area
- Chart of Accounts
- Business Area
- Functional Area
- Credit controlling area
3. General Ledger Accounting
- Deep dive - Chart of Account
- Accounts Groups & Master-data significance
- Driving Factors of Accounting postings in SAP:
- Document type
- Number ranges
- Posting Keys
- Fiscal year variant
- Posting period variant
- Field status variants
- Exchange rates and Currencies
- Reconciliation Accounts
- Retained Earning Account
- Accrual or Deferral Postings
- Parked Document
- Fast Data entry in GL
- Concept of Open-item Clearing
- Tolerance group
- Define Financial Statement Version
- Balance carry forward Balances
- Forex Revaluation
- Reports in SAP for GL Accounting
- Substitution and Validation
4. Accounts receivable
- Introduction to Sub-ledger – Accounts receivable
- Customer account groups and assignment of number ranges
- Customer masterdata and significance
- Customer Payment Terms and Discounts
- Receiving Down Payment
- Bills Receivable
- Detailed Explanation of Oder to Cash flow in SAP
- FI-SD Integration
- Billing Documents (FI Invoice, SD Invoice, Credit memos)
- Customer Payment and clearing
- Credit management in SD module (Master-data, transaction and reports)
- Reports in SAP for AR
5. Accounts Payable
- Introduction to Sub-ledger – Accounts payable
- Vendor account groups and assignment of number ranges
- Vendor master-data and significance
- Vendor Payment Terms
- Payment Method configuration
- Configuration of Automatic Payment Program, Payment run, Payment Advise
- Detailed Explanation of Procure to Pay flow in SAP
- FI-MM Integration, Configuration of automatic posting
- GR/IR clearing
- Posting of partial Payment & Residual Payment
- Down Payment Paid
- Banking Setup
- Bank Reconciliations Statements
- Creation of check lots and maintenance of check register
- Automatic Clearing
- Reports in SAP for AP
6. Asset Accounting
- Fixed Asset Life Cycle
- Asset masterdata: Creation of asset master (change/display/block/unblock).
- Define chart of depreciation, Depreciation Area
- Define Automatic account determination
- Defining Depreciation key
- Define Asset Class
- Acquisition or purchase of assets, sale of assets.
- Scrapping of assets, Transfer or retirement of assets.
- Asset under Construction and settlement to Final Asset
- Depreciation run.
- Introduction to Tax procedure
- Input Tax / Output Tax
- Withholding Tax
- Reports for Taxation purpose
8. Month Ending Activities
- Important Standard SAP Reports
- Closing in Difference Modules
- Cross-tower dependent closing activities
- Year end activities
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Schedule Your Batch
10-April-21 | SAT-SUN | 8:00 AM to 10:00 AM
17-April-21 | SAT-SUN | 8:00 AM to 10:00 AM
24-April-21 | Mon-Fri | 7:00 PM to 8:30 PM
Timings Doesn't Suit You ?
We can set up a batch at your convenient time.
SAP FICO Online Course Certification
Frequently Asked Questions
SAP FICO online training can be availed online or from the institute itself. That is your choice of course. But you should take time to practice at home regularly so that every concept gets inside your head permanently. 3RI Technologies trainers are well proficient in their field and are fully capable to help you clear all your doubts and queries.
If you have an over view of SAP FICO or are interested in pursuing your career in Finance management and control then this is the piece of cake for you. Finance Accounting & Controlling are internally connected modules which helps you to manage the business process and come up with best and satisfying outcomes.
A Graduation degree in the field of Commerce will be great to take up this course. This will help you learn things faster and easier.
Taking SAP FICO online certification at 3RI Technologies will help you master in the fields like ledger reports, cash journals, accounting, cash debits and credits and more. The main objective here is to start from the basic level and slowly move towards the advanced level techniques involved in SAP FICO. We also provide 100% placement assistance which will be granted once the course is completed. We also give our students to attend the drives conducted at our institute in Pune.
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