SAP FICO Online Training Course on S/4HANA
SAP FICO Online Training - Overview
This SAP FICO Online Training thoroughly covers the two key modules of the SAP Functional part, i.e. FI and CO, on the new technology S/4HANA. SAP FICO or Financial Accounting module is the backbone that records, collects or processes the financial transactions or information on a real-time basis to provide the necessary inputs for external statutory reporting. This module is integrated with other modules like Controlling (CO), Material Management (MM), sales and Distribution (SD), Production Planning (PP), etc. The second part of this functional module is Management Accounting. It is also known as Controlling or CO. It focuses on the internal users and helps the management by providing reports on cost centers, profit centers, contribution margins and profitability analysis. Hence this SAP FICO Training is in-depth coverage of these two most prominent subjects of SAP Financial Accounting.
SAP FICO Online Training Details
- No. of Hours of Training:- 70 Hours
- Sessions: Weekdays (2 Hrs)
- Training Type: Batch Training (in a group)
- Audience: (Refer to Who Should Learn in the syllabus section)
- Trainer: Pradeep Hota
With every SAP FICO Training session, you’ll get recorded videos of the complete FICO course, that you can use for your off-class practice, doubt clearing and revisions.
SAP FICO Online Course Objective
- Learn SAP Finance and Controlling Solutions and Analytics.
- To be efficient in working upon the complete Financial and Management Accounting Process of an SAP enabled organization.
- Configure and implement SAP FICO into the SAP S4 HANA.
- Building a robust platform that can help you to enter SAP’s HANA technology as the next step of your career.
- Project-based training gives a real-time replica experience for the best learning.
It is an Entry-level SAP FICO course (Finance and Controlling), based on S4 HANA technology. SAP FICO is the first and basic step toward the SAP Finance career path. It is also called as SAP FICO Associate-level course.
We have strategically designed this SAP FICO Online Training in a combination of Conceptual and practical frameworks and Project-based workflow on both of these subjects in detail. While the conceptual part gives you the basic knowledge, the practical part of SAP FICO training and, helps you learn configurations and implementations in real-time projects.
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SAP FICO Training - Career Benefits
Since this SAP FICO training is based on 100% practical aspects, it gives you a 360-degree learning experience. It further helps you to grow your career in SAP Finance and Controlling.
Our trainees get their desired job right after or even before completion of the training. (Have a look at our Testimonial page for a reference).
Pradeep Hota is popular for his highly professional training methods that directly help in the job field. So getting trained with the industry expert, you would get the required skills to work as a successful SAP FICO Consultant.
This online SAP FICO training includes real-time scenarios of SAP Financial Accounting that replicate the actual projects.
SAP FICO Career Scope
SAP is the leading ERP software company across the globe. As per recent data, around 94% of the world’s 500 largest companies are SAP customers.
If we talk about a career in the SAP domain, here also we see huge opportunities. A lot of MNCs and national companies around the world have adopted SAP as their ERP solution. Hence, it creates ample job opportunities for SAP aspirants. Starting from the End-user role, junior SAP consultants, till Sr. Consultant and Managerial positions, we acknowledge every type of SAP job position in India.
Coming to SAP FICO, it is one of the top modules in SAP and the most demanded as well. So it is certainly a good decision to join the SAP FICO course as it also has job options in the same place itself. This gives a better learning experience and career growth to SAP FICO people.
SAP S4 HANA FICO Course Planner
SAP FI- Financial Accounting
- GL- New GL & Extension Ledger
- AP-Accounts Payable
- AR-Accounts Receivable
- BA-Bank Accounting
- AA-Asset Accounting
- PC-Profit Centre Accounting
SAP CO- Controlling
- CEA- Cost Element Accounting
- CCA- Cost Centre Accounting
- IO- Internal Order Accounting
- PC- Product Costing
- CO-PA – Profitability Analysis
Details of SAP FI Course Components:-
- FI-AA- Asset Accounting – Integrated with FI-GL, FI-AR, FI-AP, CO, MM. This module manages the financial part of the assets throughout their entire life cycle starting with the procurement of assets and ending with the scrapping or Sale of assets. It poses an important role in SAP FICO Training.
- FI-AP –Accounts Payable- Integrated with FI-GL, FI-AA, MM. This sub-module of SAP Finance manages vendor transactions by linking with material management, asset accounting, travel management etc.
- FI-AR- Accounts Receivable- Integrated with FI-GL, FI-AA, SD & TR. This sub-module manages customers and receivables in integration with SD. Known for credit management functionalities.
- FI-BL- Bank Accounting
- FI-GL General Ledger Accounting
Details of SAP CO Course Components:-
- Operating Concern- The topmost reporting level for profitability analysis by comparing cost and revenue.
- Controlling Area – Organization structure for internal accounting operations.
- SAP Cost Centers – Lower organizational units where costs are incurred and allocated.
This is a brief overview of the SAP FICO Course that you get at Skillstek. You can read the detailed course curriculum below on this page.
SAP FICO Online Training Syllabus
SAP FICO Case Studies
Case Study 1
Analyze provided customer requirements and transfer them to a Business Concept
Case Study 2
Maintain Enterprise Structure – End to End
Case Study 3
Implement and realize business processes in General Ledger Accounting
Case Study 4
Implement and realize business processes in Accounts payable
Pre-requisite – FI-MM Integration
Case Study 5
Implement and realize business processes in Accounts Receivable
Pre-requisite: FI-SD Integration
Case Study 6
Implement and realize business processes in Asset Accounting
Pre-requisite: New GL | Profit Center Accounting
Case Study 7
Implement and realize business processes in Bank Accounting
Case Study 8
Implement and realize business process in Overhead Management Accounting
Pre-requisite: Cost Center and Activity Types | Internal Orders | Cost Planning
Case Study 9
Crete Analysis in Profitability Accounting & Variance analysis using Material Ledger
Mock Interview
Syllabus Units
Unit-1 – Introduction to SAP FICO
- Introduction to SAP ERP
- What are SAP R/3 & ECC
- Introduction to SAP FICO
- System Landscape
- Creation of Transport Request
Unit-2 – SAP Organization Structure
- Company
- Company Code
- Business Area
- Profit Centers
- Plant
- Purchase Organisation
- Sales Organisation
- Shipping Point
- Define Chart of Accounts & Assign to Company Code
- Define Account Group
- Define Retained Earnings
Unit-3 – SAP Financial Accounting Global Settings
- Define Fiscal Year Variant, Short-end fiscal year
- Assignment of fiscal year variant to company code
- Define Posting Period Variant
- Assignment of posting period variant to company code
- Open and close FI posting period
- Define document type & number range
- Maintain Field Status Variant
- Assignment of field status variant to company code
- Define User Tolerance
- Define Customer/Vendor Tolerance
- Define GL Tolerance
Unit-4 – New General Ledger Accounting in SAP FICO
- Introduction to New GL Accounting
- Leading Ledgers
- Non Leading ledgers
- Parallel Accounting
- Document Splitting
- Parallel Currencies
- Foreign Currency Valuation Configuration
- Business Process for General Ledger
- General Ledger Master
- Ledger Level Postings
- Document Postings
- Foreign Currency Execution
- Exchange Rate Difference Posting
- FSV ( P/L & Balance Sheet)
- Creation of Sample documents and postings with sample documents
- Tables and Reports in General Ledger
Unit-5 – Integration of FI Material Management (P2P Cycle)
- Define Tolerance Groups for Purchase Orders
- Define Tolerance groups for purchase orders
- Define Tolerance groups for goods receipt
- Define Tolerance groups for invoice verification
- Create Material Master Record
- Maintenance of parameters for invoice verification
- Maintenance of Plant parameters for inventory management and physical inventory
- Define attributes for material types
- Assignment of GL accounts for material transactions in SAP FICO
- Material Price Control- Moving average & standard price
- GR/IR clearing -F.13
- Accounts payable
- Outgoing payments ( Manual, Automatic)
- Payment Terms
- Cash Discount Received
- Business Process-Accounts payable
- Purchase Cycle
- Purchase Order Creation
- Goods Receipt
- Invoice Postings
- Advance Payments-Vendor
Payments
Unit-6 – Integration of SAP FI Sales & Distribution (O2C Cycle)
- Assignment among various organisational units in SD
- Definition of partner functions
- Definition of the shipping point and loading points
- Define pricing procedures
- Maintenance of SD condition Type
- Maintenance of condition records
- Assignment of GL accounts for sales transactions
- SD pricing procedure
- Accounts Receivables
- Incoming Payment ( Manual Receipt, Cheque Deposit, EBS )
- Special GL Transaction-Customer Advance
- Cash Discount Allow
- Dunning Process
- Correspondence
- Business Process-AR
- Sales Cycle
- Sales Order
- Customer Master
- Outbound Delivery
- Sales Invoice
- Collection
- Advance Receipt
Unit-7 – Asset Accounting in SAP FICO Course
- Define Chart of Depreciation, Depreciation areas
- Define Account Determination
- Define Screen layout Rules
- Integration with General ledger & Posting Rules
- Depreciation key
- Define Multilevel methods
- Define Period Control Method
- Business Process-Asset Accounting
- Asset Master
- All types of Asset Acquisition
- Sale of Asset
- Asset Under Construction
- Capitalisation of AUC
- Settlement of AUC
- Depreciation posting
Unit-8 – Bank Accounting
- House Bank
- Cheque Lots
- Cheque Deposits
- EBS-Electronic Bank Reconciliation and execution MT940
- Cash Journal
Unit-9 – Data Migration- LSMW
Unit-10 – General Controlling (as part of SAP FICO Training)
- Organization structure in Controlling
- Controlling Area- Version
- CO Number Range
Unit-11 – Cost Center Accounting
- Master Data
- Activity Types
- Statistical Key Figures
- Cost Center Categories
- Posting with Cost Object-Cost Center
- Period End Closing Activities
- Reposting of Cost from Cost
- Center to Cost Center
- Distribution Method
- Period End Reposting
- Assessment Allocation
- Activity Allocation
Unit-12 – Internal Order Accounting
- Internal Order Types
- Internal Order Master Data
- Cost Posting with Internal Order
- Period End Closing Activities
- Settlement Profile
- Allocation Structure
- Maintain Settlement Rule
- Execute Settlement
Unit-13 – Profit Center Accounting in SAP FICO
- Basic Settings
- Master Data
- Planning
- Actual Posting
Unit-14 – Product Cost planning
- Costing Variant for Standard Cost Estimate
- Valuation Variant
- Costing Type
- Date Control
- Quantity Structure Control
- Settings Required from MM & PP
- Automatic Account Assignment
- Maintain Master Data for Standard Cost Estimate
- BOM Creation
- Work Center Creation
- Routing Creation
- Maintain Quantity Structure
- Run standard Cost Estimate
- Mark & Release Standard Cost Estimate
Unit-15 – Margin Analysis (CO-PA)
- Overview of Profitability Analysis
- Account-Based COPA VS Costing Based COPA
- Profitability Analysis VS Profit centre Accounting
- Marginal Analysis
- Data Flow to COPA from Sales Cycle
- Data flow to COPA from Order Settlement
Unit-16 – Cost Object Controlling-Product Cost by Order-Make to Stock
- Creation of Production Order
- Production Order confirmation
- Simultaneous costing
- Actual Costing
- Result Analysis -WIP Calculation
- Variance Calculation
Unit-17 – Cost Object Controlling-Product Cost by Order-Make to Stock
- Creation of Production Order
- The Maintenance Planner and Prechecks, Sizing
- Precheck for Migration to New Asset Accounting
- Check and Activate New Depreciation Calculation and Parallel Valuation
- Perform Period End Closing Activities
To join SAP FICO Training, you should have adequate knowledge of a few basic concepts of Accounting like:-
- General Ledger Accounting
- Accounts Receivables – Procurement Process
- Accounts Payable – Sales Process
- Asset Management, etc.
- SAP end-users
- Junior SAP FICO Consultants
- Post Graduates in Finance like- M.Com, MBA, CFA, CA, CWA
- Working Professionals in ERP environment
- Experienced in working on ERP software
- SAP End-users/Power-Users
- Working on Accounting software/Accountants
- Senior or Managerial Level Professionals
FAQ's
General FAQ
Do you provide certification?
No. Since we are not SAP Partners, we do not provide any certification. Through this SAP FICO Training, our motive is only to share our knowledge of Finance and Controlling.
Do you provide job guarantee?
We commit to providing the best SAP FICO Training to you. It will help you to equip with the most demanded skills desired by employers. With this, you would be able to grab the best job for yourself.
Yet, we do guide you on how to get a decent job in SAP FICO in locations having SAP career opportunities, we do not take any guarantee for the same with this SAP FICO Course.
Importantly, it is also dependent on your educational and professional background and experience, moreover on your efforts to learn and practice the subject.
Will I get a job right after this SAP FICO Training?
We strive to provide the best training. Pradeep Hota is a well-known trainer for SAP FICO and S/4HANA Finance, acknowledged on global platforms. So the training quality is best in its domain.
Hence, it more depends on you in fact, how soon you get the job. The more you work in sync with the training and put in good efforts at your end, the easier and faster it would be to get the job.
Where would I get a job?
SAP has its demand all over the country and across the globe. In cities like Gurgaon, Delhi, Noida, Mumbai, Pune, Chennai, Hyderabad, Bangalore etc. we see good career opportunities for SAP FICO. So you may search for SAP FICO consultant jobs there and start your SAP career.
Surely Pradeep and his team will guide you on this.
What type of job would I get after doing this SAP FICO course?
If you have work experience in SAP application as an end-user or power user, then go for applying as an SAP FICO consultant. If you are completely new to SAP, you may start with End-user also, so as to get acquainted with the SAP system and environment.
This SAP FICO Training covers the knowledge that an SAP FICO Consultant should possess.
I would suggest, please go through this article: Career in SAP FICO for a better understanding of this query.
Tell me about this course SAP FICO?
This SAP FICO course is based on the ECC model of the SAP ERP application itself explaining the S/4HANA changes.
While FICO is on ECC, S/4HANA is based on cloud technology. In order to be conceptually strong in SAP Finance, you must learn SAP FICO.
This SAP FICO course explains how it transitions from ECC to S/4HANA technology.
After becoming an expert in SAP FICO and working for a few years, you have two choices. 1st is to grow further in the SAP FICO career path only. 2nd is to adopt S/4HANA Finance also.
What is SAP FICO?
SAP FICO is an ECC based ERP application which takes care of the Finance and Controlling aspects of a business. It is the most popular functional module of SAP. Here FI deals with the Financial transactions whereas CO is responsible for monitoring and planning the costs part of the business.
SAP FICO is broadly based on Accounting entries, General ledgers, Profit and Loss statements and Balance Sheets.
Those who are from Accounting or Finance backgrounds, usually opt for SAP FICO as their career choice.
What are the benefits of this SAP FICO Course?
SAP FICO is the most demanding module of SAP software. For this reason, it creates the highest number of job opportunities in the SAP sector. Since it is the basic step of the SAP Financial Module, it is easy to understand from a good trainer. You just need to have a basic knowledge of accounts. Secondly, the growth in this sector is also very attractive. Starting from an End-user position or Jr. consultant, you can go really high in your SAP career with SAP FICO.
Training FAQ
Why learn SAP FICO online from Skillstek?
Skillstek is owned by Pradeep Hota, who is a brand in himself. He is an expert in his domain subjects like SAP FICO, SAP S/4HANA Finance, Controlling & Product Costing, and SAP Central Finance. He is popular for his highly professional and qualitative training methods. So it’s a wise decision to choose your trainer rather than an institute.
The no. of companies adopting SAP applications as their ERP solutions are many and are growing really fast. Their hiring procedure is highly inclined toward checking practical knowledge, not just conceptual.
Since Pradeep’s all training (including this SAP FICO Training) are all completely on-system, hence, you should choose him for your desired subject in SAP to get your dream job.
How much is the Fees of SAP FICO Course Training?
The SAP FICO training fee is most genuine and best as per quality standards and content coverage. If you are serious about training, then please fill out the registration form. We send complete details including training fees at your E-mail ID.
How this SAP FICO Online training is being conducted?
We use premium Training software with user-friendly tools. Since it is live virtual training, so you get in touch directly with your trainer. Being in a group, you can listen to other participants and discuss with them also. So consider this the best online SAP FICO training.
What is the pattern of training?
The pattern of training is all practical that includes a mock project experience. You would see the complete configuration in the system, which helps you to learn things better and you can implement that in your practice or real-time work.
What if I could not attend a class?
You will get complete training’s recorded videos. So in case you miss a class, you can refer to those videos. Thus, you will not lose anything.
Do you give practice support for resolving queries after completion of the batch?
Sure. For any course-related doubt, you can send E-mails at the Email ID shared by Pradeep. He or his support team would help you definitely.
Do I get any additional benefits with this training?
With this SAP FICO Course, we provide you to do a Mock Project that will help you understand the real-time project of SAP FICO. Apart from this, you get recorded videos of the complete training. You will also get Mock tests, E-books, configuration Material and many more facilities.
Happy Students
Disclaimer: Skillstek is Not an SAP Partner
Skillstek is not an authorized SAP Partner. Any course, training, or any other service provided at Skillstek or by Pradeep Hota is not associated, affiliated, authorized, endorsed by, or in any way officially connected with SAP organization. SAP is a registered trademark of SAP AG in Germany and many other countries. Skillstek and Pradeep Hota both are NOT associated with the SAP organizations. We do not conduct any SAP Certification training programs.