SAP FICO (Financial Accounting and Controlling) is one of the core SAP modules widely used by organizations for managing financial transactions, reporting, cost control, and internal management accounting. This professional diploma program is designed to provide strong conceptual clarity along with practical, hands-on exposure to real-time SAP scenarios.
About SAP FICO
SAP FICO consists of two integrated modules:
• Financial Accounting (FI): Focuses on external financial reporting, statutory compliance, and complete financial transaction recording.
• Controlling (CO): Focuses on internal cost control, planning, monitoring, and profitability analysis.
Together, FI and CO store and manage the complete financial data of an organization, making SAP FICO a critical module in any ERP implementation.
Course Structure
- Introduction to SAP and SAP FICO
2. SAP Financial Accounting (FI)
3. SAP Controlling (CO)
1. Introduction to SAP and SAP FICO
- Overview of SAP and ERP concepts
• Introduction to SAP FICO and its business importance
• SAP system architecture
• Integration with SAP modules (MM, SD, PP, etc.)
• Understanding ASAP Implementation Methodology
2. SAP Financial Accounting (FI)
Organizational Structure in SAP FICO
• Company codes, business areas, and organizational units
• Assignment of organizational units across modules
General Ledger Accounting (GL)
• Chart of Accounts
• General Ledger Master Data
• Posting, parking, and reversing documents
• Opening and closing posting periods
• Document splitting
Accounts Payable (AP)
• Vendor Master Data
• Invoice posting, payments, and debit notes
• Automatic Payment Program (APP)
• Withholding Tax configuration
• GST configuration
Accounts Receivable (AR)
• Customer Master Data
• Invoice processing and incoming payments
• Credit notes and dunning process
• Cash journal and petty cash management
Asset Accounting (AA)
• Asset Master Data
• Asset acquisitions, transfers, and retirements
• Depreciation runs and asset classes
Bank Accounting (BA)
• Bank Master Data
• Cash management and liquidity forecasting
• Bank reconciliation process
Special Purpose Ledger
• Ledger setup and configuration
• Reporting using Special Purpose Ledger
Financial Closing and Reporting
• Period-end closing activities
• Financial statements: Balance Sheet and P&L
• Consolidation of financial statements
3. SAP Controlling (CO)
Organizational Structure in SAP CO
• Controlling area and operating concern
• Cost centers and profit centers
Cost Element Accounting (CEA)
• Cost element categories
• Manual and automatic postings
Profit Center Accounting (PCA)
• Profit center hierarchy
• Profit center master data management
