Professional SAP FICO Full Course Training-SAP Financial Accounting Certification Course Online

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SAP FICO

Description

SAP FICO (Financial Accounting and Controlling) is an integrated module within the SAP ERP (Enterprise Resource Planning) system that manages financial accounting and reporting functions, as well as provides tools for controlling business processes.
Here's an overview of SAP FICO and key topics covered in SAP FICO training:

SAP FICO Overview:

1. Financial Accounting (FI)

General Ledger (GL): Managing financial transactions and recording accounting entries.

Accounts Payable (AP): Handling vendor invoices and payments.

Handling vendor invoices and payments. Managing customer invoices and receipts.

Asset Accounting (AA): Tracking and managing fixed assets.

2. Controlling (CO)

Purchase Requisition (PR) and Purchase Order (PO): Creating and processing procurement documents.

Cost Center Accounting (CCA): Controlling costs within organizational units.

Internal Orders (IO): Managing costs and revenues for specific projects or activities.

Profit Center Accounting (PCA): Analyzing profitability by business segments.

Product Costing: Determining and analyzing product costs.

Profitability Analysis (COPA): Analyzing profitability at various levels.

3. Integration with Other SAP Modules

Integration with MM (Materials Management): Linking financial processes with materials and procurement.

Integration with SD (Sales and Distribution): Connecting financial processes with sales and customer data.

Integration with PP (Production Planning):Linking financial processes with production and manufacturing.

Integration with EWM (Extended Warehouse Management): Connecting financial processes with warehouse management.

4. Bank Accounting and Cash Management

Bank Reconciliation: Matching bank statements with SAP records.

Cash Journal: Recording cash transactions.

5. Tax Configuration

Tax Determination and Calculation: Configuring tax codes and rules.

Withholding Tax: Managing tax deductions at the source.

6. Financial Reporting and Analytics

SAP Reports: Utilizing standard reports for financial analysis.

SAP BW (Business Warehouse): Extracting data for advanced reporting and analytics.

SAP BPC (Business Planning and Consolidation): Planning, budgeting, and consolidation.

7. Special Purpose Ledger

Configuring Special Purpose Ledgers: Managing parallel accounting for specific reporting requirements.

8. Period-End Closing Activities

Financial Closing and Reporting: Executing activities for month-end and year-end closing.

Consolidation: Aggregating financial data for group reporting.

9. Customization and Configuration

Chart of Accounts and Company Codes: Setting up organizational structures.

Configuration of Document Types and Number Ranges.

Field Status Variant and Posting Keys: Controlling field statuses and posting behavior.

10. SAP FICO Best Practices

Implementing Industry-Specific Best Practices.

Optimizing Financial Processes for Efficiency and Compliance.

Benefits of SAP FICO:

Unified Financial Management: Integrating financial processes for streamlined management.

Accurate Financial Reporting: Ensuring accurate and timely financial reporting.

Cost Control and Analysis: Analyzing and controlling costs at various levels.

Regulatory Compliance: Meeting legal and regulatory requirements.

Efficient Decision-Making: Access to real-time financial data for informed decision-making.

Roadmap

Floyd Miles

President of Sales

4.5

Instructor Rating

23,987 Reviews

692 Students

15 Course

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SAP Finance and Controlling

Description

SAP FICO Overview:

Benefits of SAP FICO:

Roadmap

Floyd Miles

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