Mastering SAP FICO Unleash your potential with training
Enhance your technical skills in finance operations and control with NRICH Global’s SAP Finance course, and boost your career.
Overview
FICO stands for finance and controlling; it is the most important and popular module in the SAP ERP system. The finance module is a specific branch of accounting in SAP that involves the process of recording, summarizing, and reporting day-to-day business transactions. It is used to store the financial data in the system for preparation of external reporting i.e. Balance Sheet and Profit & Loss Account of an organization. Controlling is an important module within the SAP system, it is also known as management accounting which is used for internal reporting and management decision-making. It is the best course for commerce graduates and professional who are working in accounts and finance.
In this fast-paced world, the requirements and landscape of the financial management system are constantly evolving. As a result, financial experts constantly need to up-skill their theoretical and practical knowledge in Finance. SAP FICO (Finance and Controlling) has now emerged as one of the most broadly used SAP modules for financial management. Getting a SAP FICO certification is the first step towards beginning your career as a SAP FICO consultant. Nrich’s SAP FICO Training gives you a solid understanding of key topics such as SAP FICO architecture, Enterprise risk management, Asset accounting etc. and helps you gain expertise in handling SAP Financial Accounting (FI) & SAP Controlling (CO) Processes efficiently.
Prerequisites
- SAP Core Team Members/ End Users/ Managers
- The people, who have a minimum of 1-2 years domain experience in Accounts and Finance
- Anyone looking forward to start with SAP Career in Financial Accounting.
- Graduate students with any subjects, Preferred to CA, B. Com, M. Com, MBA in Finance.
Course Features
Course Modules
- About SAP Software
- SAP S/4 Hana System
- R1, R2 & R3 Architecture
- System Landscape
- About SAP Projects
- ASAP Methodology
- Update System Credential
- Easy Access Screen
- IMG Screen
- User Profile Setting & Screen Layout
- Company
- Company Code
- Assign Company to Company Code
- Define Business Area
- Define Fiscal Year Variant
- Assign FYV to Company Code
- Define Posting Period Variant
- Assign PPV to Company Code
- Define Open-Close Posting Period
- Define Field Status Variant
- Assign FSV to Company Code
- Define Field Status Group
- Document Number Range
- Document Number Copy to Company Code
- Document Number Copy to Fiscal Year
- Define Document Types
- Define & Overview of Posting Keys
- Define Chart of Account
- Define GL Account Group
- Define Retained Earning Account
- Define Tolerance Group for GL Account
- Define User Tolerance Group
- Assign User to Tolerance Group
- Create GL Account Master Data
- GL Transaction Parking and Posting
- Hold the Document & Post Held Document
- Recurring Document
- Maintain GL Line Items Screen Layout
- Save User Specific Screen Layout
- Setting for Default Screen Layout
- GL End-user transaction with testing
- Display GL Reports
- Setting for Default Screen Layout
- GL End-user transaction with testing
- Display GL Reports
- Define Controlling area
- Activate Controlling Area
- Maintain Number Range for Co. Area
- Define Ledger for CO Version
- Define Profit Center Hierarchy
- Create Profit Center Group
- Create Profit Center
- Create Dummy Profit Center
- Define Cost Center Hierarchy
- Create Cost Center Group
- Create Cost Center
- Introduction of New GL Accounting
- Parallel Accounting Configuration
- Document Splitting Configuration
- Foreign Currency Valuation & Configuration
- End-user transaction with testing
- Display Reports
- Create Vendor Account Group
- Define Vendor Account Number Range
- Create Reconciliation Account
- Vendor Payment Terms
- Create BP Number Ranges
- Define BP Groupings
- Assign Number Ranges BP Grouping
- Create BP Master Data
- Create Cash Discount Received Account
- Cash Discount Received GL Determination
- Special GL Indicator for Down Payment
- Define Alternative Reconciliation Account
- Customer/Vendor Tolerance Group
- AP End-user transaction for testing Display AP Reports
- Create Customer Account Group
- Define Customer Account Number Range
- Reconciliation Account
- Create BP Number Ranges
- Define BP Groupings
- Assign Number Ranges with BP Grouping
- Create BP Master Data [Customer Master]
- Customer Payment Terms
- Create Cash Discount Paid Account
- Cash Discount Paid A/c
- Cash Discount Paid A/c Determination
- Special GL Indicator for Down Payment
- Define Alternative Reconciliation Account
- AR End-user transaction with testing Display AR Reports
- Create House Bank
- Create Bank Account
- APP Configuration
- Manual Bank Statement Configuration
- Bank Reconciliation Statement
- Maintain Checkbook
- End-user transaction with bank account
- Create Cash Journal Account
- Configuration Cash Journal
- End-user transaction with testing
- Display Cash Journal Reports
- GST Introduction
- GST Configuration
- Withholding Tax Introduction
- Withholding Tax Configuration
- Withholding Tax Challan Configuration
- End-user transaction with testing
- Display GST & TDS Reports
- Assign Tax Code “A0 & V0”
- Define Chart of Depreciation
- Define Depreciation Area
- Define Account Determination
- Define Screen Layout Rules
- Define Number Range Intervals
- Define Asset Class
- Define Screen Layout for Asset Master
- Screen Layout for Asset Depreciation Area
- Define Base Methods
- Define Multilevel Methods
- Define Period Control Methods
- Define the Key for Scrap Value of the Asset
- Define Depreciation Key
- GL Account Determination [FI-AA Integration]
- Define Technical Clearing Account
- Create, Change & Display Asset Master
- AA End-user transaction with testing
- Display Assets Report
- FI-MM Integration Overview
- FI-SD Integration Overview
- Table Checking
- FS Document Overview
- Month-End, Year-End Closing
- Balance Sheet
- Profit & Loss Account
Course Duration : instruction per weekend
SAP Fico Training Delivery Methods
01
Scenario-Based Training
We provide the scenario-based training in which the learners work their way through a storyline that promotes problem-solving and critical thinking.
02
Blended Training
03
On-the Job Training
04
Instructor-Led Training
Our instructor-led training is a learning method where a qualified instructor or trainer directly leads and facilitates the learning experience for participants.
How to Get Certified ?
- 1Get Professional Training
- 2Do The Preparation
- 3Appear For The Certification Exam
- 4Get SAP FICO Certification
Why We Are The Best
Best Price Guarantee
You won't find better value in the marketplace. If you find a lower price, send us the offer, and we'll beat it
Guaranteed to Run
Our training courses are 100% guaranteed to run on dates provided, whether they are classroom, virtual, or in-house
Highly Experienced Staff
Our support staff and instructors have years of experience in meeting the specific needs of our clients and delivering exceptional quality.
Award-Winning Training Material
Our training programmes are supported by our well researched, unique, and high- quality course material that will assist the learners in gaining full knowledge and insights into their desired subject matter.
SAP FICO Career Grouth
SAP FICO Consultant Salary Trend
SAP FICO Consultant can earn over £50,000 per year. Top Industries Using SAP Applications Telecommunications Information Technology Operational Reports and Analytical Business
Top Industries Using SAP Applications
Being self-confident makes you perfect for gaining success. Assuring the enhancement of inner-power.
- Telecommunications
- Information Technology
- Operational Reports and Analytical Business
Responsibilities of SAP FICO Consultant
Career Opportunities
SAP FICO Job Titles
- SAP RICO Manager
- SAP RICO Manager
- Programme Manager
- AP FICO Analyst
- SAP FICO Architect
- SAP FICO Business
- System Analyst
Leading SAP Recruiter
FAQs
Our SAP FICO Training imparts knowledge in the following areas,
- We impart practical knowledge of SAP FICO architecture, SAP finance-related applications, and functionalities in the FICO interface.
- Understand several aspects of financial planning like enterprise risk management, accounts management, financial solutions, etc.
- Fundamentals of Finance Operations and Controlling.
- Learn about General Ledger, Accounts Payable, Bank Account, and Funds Management and their application in finance analysis.
- Learn about Business Processes and how the FICO works.
- Learn how to manage real-time finance reports.
The following are the benefits of our SAP FICO Course
- Our SAP FICO Course helps entrepreneurs change IT infrastructure or migrate to a cloud platform with minimal disruption to their operations and without the need for extensive retraining or process redesign.
- SAP S/4HANA FICO has a relatively low learning curve, which makes it easier for professionals to acquire technical skills.
- Completion of the SAP S/4HANA Finance course provides excellent remuneration opportunities and enhances your career prospects.
- SAP S/4HANA integrates with legacy systems more quickly & efficiently, helping fintech companies streamline their operations and deliver better services to customers.
You can undertake the following job roles after the completion of SAP FICO training,
- SAP FICO Consultant
- SAP FICO Architect
- SAP FICO Lead
- Project Manager
- Chief Finance Officer
What Our Clients Say About Us
Archie Ralph
SAP FICO Consultant
Ava Charies
SAP FICO Architect Archie Ralph
SAP FICO Consultant Archie Ralph
SAP FICO Consultant Archie Ralph
SAP FICO Consultant