SAP FICO Course Overview

To ensure a successful training experience in the SAP FICO course, students should ideally meet the following minimum prerequisites:

• Basic understanding of finance and accounting principles.
• Familiarity with general business processes and terms.
• Basic knowledge of computer operations and Microsoft Office applications.
• Willingness to learn new technical concepts and software navigation.
• As this course involves ERP software, prior exposure to any ERP system would be beneficial, though not mandatory.

Please note that while these prerequisites are intended to provide a foundation for the SAP FICO course, motivation and dedication to learn are equally important. Our course is designed to accommodate learners with varying levels of prior knowledge, and our instructors are committed to helping all students achieve their learning objectives.

Target Audience for SAP FICO

The SAP FICO course is tailored for professionals seeking expertise in financial accounting and controlling within the SAP environment.

• Financial Accountants and Managers • SAP Financial/Accounting Consultants • Controllers and Cost Accountants • Treasury Managers • Finance Analysts and Professionals • ERP and SAP Support Staff • SAP End Users in Finance Departments • Business Analysts and Consultants • Chartered Accountants (CAs) and CPAs • Auditors and Tax Professionals • Finance and Accounting Students or Graduates

Learning Objectives - What you will Learn in this SAP FICO?

Introduction to Learning Outcomes for the SAP FICO Course

Gain in-depth knowledge of financial processes within the SAP ecosystem, covering GL accounting, asset accounting, accounts payable/receivable, and more, leading to effective financial management in enterprises.

Learning Objectives and Outcomes

• Understand the structure of an organization within SAP FICO and configure the foundational elements such as company code, business area, and credit control.
• Learn to maintain fiscal year variants, define posting periods, and manage global settings for financial accounting.
• Gain proficiency in general ledger accounting, including setting up new GL, defining chart of accounts, account groups, and executing GL transactions.
• Master accounts payable processes by creating vendor account groups, managing vendor master data, and executing payment transactions.
• Develop skills in managing accounts receivable, including creating customer account groups, customer master records, and handling customer payments.
• Acquire knowledge of asset accounting, including chart of depreciation, asset classes, account determination, and depreciation calculations.
• Understand bank accounting essentials, such as setting up bank keys and defining house banks for efficient bank-related transactions.
• Get comfortable with controlling components like controlling area settings, versions, and document number ranges.
• Learn cost element and cost center accounting, including creation, planning, and posting costs to cost centers.
• Gain insights into profit center accounting, setting up profit centers, master data management, and revenue postings.