COURSE DESCRIPTION

SAP FICO (Finance and Controlling) is derived from FI (Financial Accounting) and CO (Controlling/Management Accounting).

It is the Finance and Cost controlling module in SAP ERP where FI stands for Financial Accounting and CO stands for Controlling. SAP FICO is a core functional component in SAP ERP Central Component that allows an organization to manage all its financial data. SAP Finance and Controlling (FICO) is one of the most widely used SAP modules.

SAP FI: SAP FI is used for external reporting purposes, 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 that are accurate at the end of the trading period. SAP FI is made up of submodules. 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: 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.

SAP FICO is a critical module of SAP ERP Business Suite. 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.

CERTIFICATION

On successful completion of this course, students will be awarded certificates of course completion by ExcellentBridge IT Institute. They will also be ready to get international certification in SAP Finance & Cost Control.

LEARNING OUTCOMES

• Over 18 lectures and 72 hours of content!
• Full & comprehensive SAP FICO training course.
• Understand the end-to-end implementation of SAP FICO module in any organization.
• Become an SAP FICO consultant and make a successful career in SAP.
• Documentation and methodology that are utilized in SAP FICO implementation projects.
• Configure Global settings and Enterprise structure settings.
• Configure G/L, A/P, A/R, Asset Accounting.
• Integration of SAP FICO with SAP MM and SAP SD.
• Get a head start in the complex technologies of modern-day SAP.
• Hands-on experience with SAP system.
• Be able to take SAP FICO Certification exam.
• Become an SAP FICO Consultant