The key objectives of the SAP FICO course are to equip learners with the knowledge and skills necessary to:

a) Understand Financial Accounting and Controlling: Gain a comprehensive understanding of financial accounting and controlling processes in organizations and how SAP FICO supports these functions.

b) Configure SAP FICO: Learn how to configure and customize the SAP FICO module according to specific business requirements, including chart of accounts, fiscal year variants, organizational structures, and other relevant settings.

c) Perform Financial Transactions: Acquire the ability to perform financial transactions using SAP FICO, such as posting journal entries, managing accounts payable and accounts receivable, processing bank transactions, and maintaining asset records.

d) Generate Financial Reports: Learn how to generate various financial reports, including balance sheets, income statements, cash flow statements, and other financial statements, using SAP FICO reporting tools.

e) Understand Cost Accounting: Gain an understanding of cost accounting principles and practices, including cost center accounting, profit center accounting, internal orders, product costing, and profitability analysis using SAP FICO.

f) Budgeting and Planning: Learn how to create and manage budgets, perform budgeting and planning activities, and monitor budget variances using SAP FICO budgeting functionalities.

g) Perform Financial Analysis: Develop the skills to analyze financial data, perform cost analysis, profitability analysis, variance analysis, and other financial analyses using SAP FICO tools and functionalities.

h) Manage Fixed Assets: Understand how to manage fixed assets throughout their lifecycle, including asset acquisition, depreciation calculation, asset transfers, retirements, and tracking of asset values using SAP FICO Asset Accounting.

i) Ensure Compliance: Learn how to ensure compliance with financial regulations, tax requirements, and legal standards using SAP FICO functionalities. Understand how to generate tax reports, handle country-specific reporting, and adhere to auditing and control requirements.

j) Integration of SAP FICO with Other Modules: Understand the integration points between SAP FICO and other SAP modules, such as Sales and Distribution (SD), Materials Management (MM), Production Planning (PP), and Human Capital Management (HCM).

k) Gain Practical Experience: Acquire hands-on experience by working on SAP FICO system simulations, real-life scenarios, and case studies. Develop the ability to apply theoretical concepts to practical situations.

l) Stay Updated with SAP FICO: Stay updated with the latest developments, updates, and enhancements in the SAP FICO module. Understand how to leverage new features and functionalities to optimize financial processes and decision-making.

 

Overall, the key objectives of the SAP FICO course are to provide learners with a comprehensive understanding of financial accounting, controlling, and reporting in organizations, and enable them to effectively utilize the SAP FICO module to support financial management and decision-making processes.

SAP FICO - Course Syllabus (full course)

 

Introduction

• Introduction to ERP

• Introduction to SAP

   

Part 1: Enterprise Structure

• Definition of company

• Definition of company code

• Assignment of a company to company code

• Definition of business area

   

Part 2: Financial Accounting Basic Settings

• Definition of fiscal year variant

• Assignment of fiscal year variant to company code

• Definition of posting period variant

• Assignment of posting period variant to company code

• Open and close posting period

• Maintenance of field status variants

• Assignment of field status variant to company code

• Creation of Chart of Accounts

• Defining Accounts Groups

• Defining Retained Earnings Account

• Definition of tolerance groups for GL accounts

• Definition of tolerance groups for employees

• Assignment of tolerance groups to users

• Taxes on Sales & Purchases (input & output)

• Defining document type & number ranges

   

Part 3: General Ledger Accounting

• Creation of General Ledger Master (with and without reference)

• Display/Change/Block/Unblock of general ledger master

• Document Entry posting normal postings and posting with reference

• Display and change of documents

• Display of GL balances

• Display GL account line items

• Parked documents

• Hold documents

• Creation of Sample Document postings with sample documents

• Reversal of individual documents, mass reversal and reversal of reversed document

• Month End Provisions –

• Open item Management – Full clearing, Partial Clearing and Residual Clearing

• Accrual and Deferral documents

• Interest calculations on term loans

   

Part 4: Accounts Payable

• Creation of vendor account groups

• Creation of number ranges for vendor master records

• Assignment of number ranges to vendor account groups

• Creation of tolerance group for vendors

• Creation of vendor master (display/change/block/unblock of vendor master)

• Posting of vendor transactions (invoice posting, payment posting, credit memo)

• Display Vendor balances and G/L Balances

• Configuration Settings for advance payments to Vendors (down payment)

• Clearing of down payment against invoices (special GL transactions)

• Posting of partial Payment & Residual Payment

• Creation of payment terms,

• Creation of house banks and account ids.

• Creation of check lots and Creation of void reasons

• Maintenance of check register

• Display check register

• Cancellation of unissued checks

• Cancellation of issued checks

• posting of purchase returns

• Configuration of automatic payment program

• Defining correspondence & party statement of accounts

   

Part 5: Accounts Receivable

• Creation of customer account groups

• Creation of number ranges for customer master records

• Assignment of number ranges for customer account groups

• Creation of tolerance group for customers

• Creation of customer master (display/change/block/unblock of vendor master)

• Posting of customer transactions (sales invoice posting, payment posting, debit memo)

• Display customer balances and G/L Balances

• Configuration Settings for advance payment from customers (down payment)

• Configuration settings for terms of payment to customers

• Configuration of settings for dunning

• Generating the dunning letters

• Defining correspondence and party statement of accounts

• Bills of exchange

• Posting of sales returns

   

Part 6: Asset Accounting

• Copy reference chart of depreciation

• Assignment of the chart of depreciation to company code

• Creation of 0% tax codes for sales and purchases

• Defining account determination

• Definition of screen layout rules

• Definition of number ranges for asset master

• Creation of asset classes

• Integration with General Ledger & Posting rules

• Defining Depreciation key

• Definition of multilevel methods

• Definition of period control methods

• Creation of main asset master records

• Creation of sub-asset master records

• Posting the transactions for Acquisition of fixed assets

• Depreciation run and Asset explorer

• Sale of fixed assets – with the customer and without the customer

• Transfer of assets

• Impairment of assets

• Scrapping of assets,

• Line item Settlement of assets under construction of capital work in progress

   

Part 7: Controlling

7.1 Basic Settings for Controlling

• Defining Controlling Area

• Defining Number ranges for Controlling Area

• Maintain Planning Versions

7.2 Cost Element Accounting

• Creation of primary cost elements from the financial accounting area

• Creation of primary cost elements from controlling area

• Display of cost element master records

• Change cost element master records

• Primary cost element categories

• Secondary cost element categories

7.3 Cost Center Accounting

• Defining Cost Center Standard Hierarchy

• Creation of Cost Centers and cost center groups

• Display cost center master records

• Change cost center master records

• Creation of cost center groups

• Posting to cost centers

• Reposting of co line items

• Repost of Costs

• Planning for cost centers

• Cost center reports

   

Part 8: Internal Orders

• Define the field status group for statistical orders

• Creation of Primary cost element

• Creation of internal order master records for statistical orders

• Display internal order master records

• Change internal order master records

• Postings to internal orders

• Planning for internal orders

• Report of Variance analysis for internal orders

• Real orders

• Creation of real internal orders

• Posting of business transaction to real orders

• Definition of allocation structures

• Definition of settlement profiles

• Definition of planning profiles

• Define number ranges for Settlement documents of real internal orders

• Define number ranges for controlling documents.

• Budgeting and availability control

• Maintain number ranges for budgeting

• Define tolerances for availability control

• Specification of exempt cost elements from availability control

• Maintenance of budget manager

   

Part 9: Profit Center Accounting

• Basic Settings for Profit Center Accounting

• Creation of Dummy Profit Centers

• Maintenance of control parameters for actual postings

• Maintaining planning versions for profit centers

• Maintaining the number ranges for profit center documents

• Creation of profit center master records

• Display of profit center master records

• Changing the profit center master records

• Assign profit center to cost center for expenditure posting

• Creation of revenue cost elements

• Automatic Assignment of Revenue elements for Profit Centers

• Assignment of profit centers in cost center master records

• Creation of account groups in profit center accounting for planning

• Planning for profit and loss account items

• Posting of transactions into profit centers

• Generating the variance reports for profit and loss account items

 

Part 10: Integration

• Integration of financial accounting with materials management:

• Integration of financial accounting with sales and distribution:

• Profitability analysis:

• Maintaining the operating concern

• Define profitability segment characteristics

• Assignment of controlling area to operating concern

• Activating the profitability analysis

• Define number ranges for actual postings

• Mapping of SD conditions types to COPA value fields

• Creation of reports

• Viewing the reports

 

Part 11: Overview of Product Costing

• New General ledger accounting

• Reports

• Financial statement version

• General Ledger, Accounts Payable, Accounts Receivable and Assets Reports

This SAP FICO Overview training course is designed for mastering the SAP FICO module. The course content details the FI and CO processesand able to implement while working on any project.

This SAP FICO Overview training course is meant for clearing the SAP Certified FICO Consultant exam. 

The SAP FICO is an enterprise financial and accounting solution that is used to record, gather and process financial transactions in real-time. The Business Intelligence tool works with a combination of analysis, reporting which is useful for a company management to make right decisions.

In SAP FICO Overview Course module details about SAP finance basics and accounting sub-modules. The SAP FI comprises main sub-modules such as accounts receivable, accounts payable, asset accounting, general ledger accounting and asset accounting. 

SAP FICOOverview course covers the key concepts of SAP FICOmodules such as FI-SD, FI-MM integration and GL accounting.

Uplatz provides appropriate teaching and expertise training to equip the participants for implementing the learnt concepts in an organization.

Uplatz Course Completion Certificate will be awarded upon the completion of the SAP FICO Overview course training. 

The SAP FICO certification exam verifies that the participants possess sound knowledge and can prove their competencies in the area of SAP ERP finance accounting and able to implement the learnt knowledge practically in projects.

Below given are the certification Details of SAP Certified Development Associate- Financial Accounting with SAP ERP 6.0 EhP7

• Certification Level: Associate

• Exam Name: SAP Certified Development Associate- Financial Accounting with SAP ERP 6.0 EhP7

• Exam Code: C_TFIN52_67

• Exam Mode: Online

• Total Number of Questions: 80

• Pass Score: 60%

• Time Duration: 180 Minutes

• Exam Price: $550

 

The SAP FICO Consultant draws an average salary of $83,974 per year depending on the competencies, knowledge and hands-on experience. 

The SAP FICO Consultants are recognized across the globe. The SAP FICO Consultant is responsible fordesigning, creating, and deploying SAP-based ERP solution in an organization. 

The SAP FICOoverview course is targeted to those participants who are from ERP and business consulting background and excel as SAP FICO consultant

The following are the job titles:

• SAP FICO Expert

• SAP FICO Associate

• SAP FICO Consultant 

• SAP FI Consultant

• SAP FICO Associate

 

The SAP FICO Overview online course provides you with an opportunity to explore career opportunities as an SAP FICO Consultant.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Here are some common interview questions and answers on the SAP FICO module.

 

1) What is SAP FICO?

SAP FICO stands for Financial Accounting (FI) and Controlling (CO), which are the two core modules of SAP ERP (Enterprise Resource Planning) system used for financial management and controlling business processes.

2) What are the main components of SAP FICO?

The main components of SAP FICO are General Ledger (FI-GL), Accounts Payable (FI-AP), Accounts Receivable (FI-AR), Asset Accounting (FI-AA), Bank Accounting (FI-BL), Controlling (CO), and Profitability Analysis (CO-PA).

3) What is the purpose of the General Ledger (FI-GL) module?

The General Ledger module in SAP FICO is used for recording and managing financial transactions at a company-wide level. It provides a comprehensive view of the company's financial data and supports financial reporting and analysis.

4) What is the Accounts Payable (FI-AP) module used for?

The Accounts Payable module in SAP FICO handles the management of vendor invoices and payments. It tracks and maintains records of all outstanding liabilities to vendors.

5) What is the Accounts Receivable (FI-AR) module used for?

The Accounts Receivable module in SAP FICO is responsible for managing customer invoices and receipts. It tracks and maintains records of all outstanding receivables from customers.

6) What is Asset Accounting (FI-AA) module used for?

The Asset Accounting module in SAP FICO is used for managing fixed assets within an organization. It helps in tracking and managing assets' acquisition, depreciation, and retirement.

7) What is the Bank Accounting (FI-BL) module used for?

The Bank Accounting module in SAP FICO is used for managing bank transactions such as incoming and outgoing payments, bank statements, and reconciliation.

8) What is Controlling (CO) module used for?

The Controlling module in SAP FICO provides tools for managing and controlling costs and profits within an organization. It helps in budgeting, planning, and monitoring the company's financial performance.

9) What is Profitability Analysis (CO-PA) module used for?

The Profitability Analysis module in SAP FICO helps in analyzing the profitability of different segments within an organization. It allows businesses to evaluate their profitability based on various dimensions like product, customer, region, etc.

10) What is a Chart of Accounts in SAP FICO?

A Chart of Accounts is a list of all the G/L (General Ledger) accounts used by a company. It defines the structure and organization of the company's financial accounting records.

11) What is a Fiscal Year Variant in SAP FICO?

A Fiscal Year Variant defines the fiscal year structure for a company. It specifies the number of posting periods, special periods, and their durations.

12) What is a Company Code in SAP FICO?

A Company Code is an independent accounting entity within an organization. It represents a legally independent unit for which individual financial statements are generated.

13) What is a Cost Center in SAP FICO?

A Cost Center is a location, department, or unit within an organization that incurs costs. It is used for controlling and analyzing costs related to specific business activities.

14) What is a Profit Center in SAP FICO?

A Profit Center is a subunit within an organization that generates revenue and incurs costs. It helps in evaluating the profitability of different segments within the organization.

15) What is a GL Account in SAP FICO?

A GL Account (General Ledger Account) represents a financial record used to track and summarize financial transactions. It is classified by different account types, such as assets, liabilities, equity, revenue, and expenses.

16) What is the difference between Asset Accounting (FI-AA) and Controlling (CO) modules?

Asset Accounting (FI-AA) deals with managing fixed assets and their financial accounting, while Controlling (CO) focuses on cost and profit analysis, budgeting, and planning.

17) What is the difference between Accounts Payable (FI-AP) and Accounts Receivable (FI-AR) modules?

Accounts Payable (FI-AP) handles vendor invoices and payments, while Accounts Receivable (FI-AR) manages customer invoices and receipts.

18) What is the difference between a Cost Center and a Profit Center?

A Cost Center is responsible for incurring costs, while a Profit Center generates revenue and incurs costs. Cost Centers are used for cost control, whereas Profit Centers are used for profit analysis.

19) How do you define a new GL Account in SAP FICO?

To define a new GL Account, you need to access the transaction code FS00, enter the Chart of Accounts, and then define the account details such as account number, description, account type, etc.

20) What is the purpose of the Financial Statement Version in SAP FICO?

The Financial Statement Version in SAP FICO is used to define the structure and layout of financial statements such as the balance sheet, income statement, and cash flow statement.

21) How do you post a vendor invoice in SAP FICO?

To post a vendor invoice, you need to access the transaction code FB60, enter the necessary details like vendor, invoice amount, and other relevant information, and then save the document.

22) How do you clear an open item in Accounts Receivable (FI-AR) module?

To clear an open item in Accounts Receivable, you need to access the transaction code F-28, enter the customer details, invoice number, and the payment amount, and then save the document.

23) What is the purpose of Asset Class in Asset Accounting (FI-AA) module?

Asset Class is used to group assets with similar characteristics and accounting rules. It defines the asset attributes like depreciation method, useful life, and account determination.

24) How do you execute a depreciation run in SAP FICO?

To execute a depreciation run, you need to access the transaction code AFAB, specify the necessary parameters like company code, fiscal year, and depreciation area, and then execute the program.

25) What is a Cost Center Accounting Cycle in Controlling (CO) module?

A Cost Center Accounting Cycle is a predefined series of steps to allocate and distribute costs from cost centers to various receiver objects such as other cost centers, orders, or projects.

26) How do you create a Profit Center in SAP FICO?

To create a Profit Center, you need to access the transaction code KE51, enter the controlling area and a unique Profit Center ID, provide the necessary details, and then save the entry.

27) What is the purpose of a Statistical Key Figure in Controlling (CO) module?

Statistical Key Figures are used to capture non-monetary data such as quantities or headcounts for analysis and reporting purposes. They are used in cost allocation, planning, and analysis.

28) How do you perform a variance analysis in Controlling (CO) module?

To perform a variance analysis, you can use transaction codes such as KE30 or KOB1. These transactions allow you to compare planned costs or revenues against actual costs or revenues.

29) What is the purpose of a House Bank in Bank Accounting (FI-BL) module?

A House Bank represents the bank with which the company maintains its primary banking relationship. It is used for managing bank master data, transactions, and bank statement processing.

30) How do you create a new House Bank in SAP FICO?

To create a new House Bank, you need to access the transaction code FI12, enter the bank details such as bank key, name, and account number, and then save the entry.

 

These are sample questions, and it's always advisable to thoroughly prepare for an interview by understanding the SAP FICO concepts and practicing with real-life scenarios and examples.

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