FICO is also mentioned as FI/CO where as FI stands for Financial accounting CO stands for Controlling (Management accounting) This module used to monitor and correct the financial situation of a company. By using the SAP FICO One can find the inside operations by creating reports and quickly find answers for accounting requirements. SAP FICO is divided into two parts they are SAP FI and SAP CO. SAP FI represents the financials reports for SAP software and SAP CO covers the managerial or cost controlling. The non-financial students can also learn the SAP FICO easily.

Topics Covered

SAP FICO Course content Introduction to SAP R/3 1. Introduction to ERP, Advantages of SAP over other ERP Packages 2. Introduction to SAP R/3 FICO Financial Accounting Basic Settings: 1. Definition of company 2. Definition of company code 3. Assignment of company to company code 4. Definition of business area 5. Definition of fiscal year variant 6. Assignment of fiscal year variant to company code 7. Definition of posting period variant 8. Assignment of posting period variant to company code 9. Open and close posting period 10. Defining document type & number ranges 11. Maintenance of field status variants 12. Assignment of field status variant to company code 13. Definition of tolerance groups for GL accounts 14. Definition of tolerance groups for employees 15. Assignment of tolerance groups to users 16. Taxes on Sales & Purchases (input & output) 17. Creation of chart of Accounts 18. Defining Accounts Groups 19. Defining Retained Earnings Account. General Ledger Accounting: 1. Creation of General Ledger Master (with and with out reference) 2. Display/Change/Block/Unblock of general ledger master 3. Document Entry posting normal postings and posting with reference 4. Display and change of documents 5. Display of GL balances 6. Display GL account line items 7. Parked documents 8. Hold documents 9. Creation of Sample Document and postings with sample documents 10. Defining recurring entry document and postings with recurring doc. 11. Creation of account assignment model and posting 12. Configuration of line layouts for display of GL line items 13. Reversal of individual documents, mass reversal , reversal of cleared items and reversal of accrual and deferral documents 14. Defining Exchange Rate types and Translation ratios 15. Define Exchange rates & posting of foreign currency transactions 16. Interest calculations on term loans 17. Accrual and Deferral documents Accounts Payable 1. Creation of vendor account groups 2. creation of number ranges for vendor master records 3. assignment of number ranges to vendor account groups 4. Creation of tolerance group for venders 5. Creation of vendor master (display/change/block/unblock of vender master) 6. Posting of vendor transactions (invoice posting, payment posting, credit memo) 7. Settings for advance payments to parties (down payment) and clearing of down payment against invoices (special GL transactions) 8. Posting of partial Payment & Residual Payment 9. Creation of payment terms, 10. Creation of house banks and account ids. 11. Creation of check lots and maintenance of check register 12. display check register 13. cancellation of un issued checks 14. creation of void reasons 15. cancellation of issued checks 16. posting of purchase returns 17. Configuration of automatic payment program 18. Payment to vendors through APP 19. Defining correspondence & party statement of accounts Accounts receivable: 1. Creation of customer account groups 2. creation of number ranges for customer master records 3. assignment of number ranges for customer account groups 4. Creation of tolerance group for customers 5. Creation of customer master (display/change/block/unblock of vender master) 6. Posting of customer transactions (sales invoice posting, payment posting, debit memo) 7. Settings for advance payment from parties (down payment) 8. Configuration of settings for dunning 9. generating the dunning letters 10. defining correspondence and party statement of accounts 11. Bills of exchange 12. posting of sales returns Asset Accounting 1. Defining chart of depreciation 2. creation of 0% tax codes for sales and purchased 3. assignment of chart of depreciation to company code 4. Defining account determination 5. definition of screen lay out rules 6. definition of number ranges for asset classes 7. Integration with General Ledger & Posting rules 8. Defining Depreciation key 9. definition of multilevel methods 10. definition of period control methods 11. creation of main asset master records 12. creation of sub asset master records 13. Acquisition of fixed assets 14. sale of fixed assets 15. transfer of assets 16. Scrapping of assets, 17. Depreciation run 18. Line item Settlement of assets under construction of capital work in progress New General ledger accounting: 1. Parallel ledgers 2. document splitting 3. Segments. Reports 1. 1.Financial statement version 2. General Ledger, Accounts Payable, Accounts Receivable and Assets Reports CONTROLLING Basic settings for controlling 1. Defining Controlling Area 2. Defining Number ranges for Controlling Area 3. Maintain Planning Versions Cost element accounting: 1. creation of primary cost elements from financial accounting area 2. creation of primary cost elements from controlling area 3. display of cost element master records 4. change cost element master records 5. primary cost element categories 6. secondary cost element categories 7. default account assignments Cost Center Accounting 1. Defining Cost Center Standard Hierarchy 2. Creation of Cost Centers and cost center groups 3. display cost center master records 4. change cost center master records 5. creation of cost center groups 6. posting to cost centers 7. reposting of co line items 8. Repost of Costs 9. planning for cost centers 10. Overhead Calculation 11. creation of secondary cost element master records 12. Creation and Execution of Distribution Cycle 13. creation and execution of assessment cycles 14. cost center reports Internal Orders 1. Defining order types 2. Creation of internal order master records 3. display internal order master records 4. change internal order master records 5. postings to internal orders 6. planning for internal orders 7. reposting co line items for internal orders 8. repost of costs for internal orders 9. Report of Variance analysis for internal orders 10. creation of real internal orders 11. posting of business transaction to real orders 12. definition of allocation structures 13. definition of settlement profiles 14. definition of planning profiles 15. settlement of real internal orders 16. budgeting and availability control 17. maintain number ranges for budgeting 18. define tolerances for availability control 19. specification of exempt cost elements fr4om availability control 20. maintenance of budget manager Profit Center Accounting 1. Basic Settings for Profit Center Accounting 2. Creation of Dummy Profit Centers 3. maintenance of control parameters for actual postings 4. Maintaining planning versions for profit centers 5. maintaining the number ranges for profit center documents 6. Creation of profit center master records 7. display of profit center master records 8. changing the profit center master records 9. Creation of revenue cost elements 10. Automatic Assignment of Revenue elements for Profit Centers 11. assignment of profit centers in cost center master records 12. creation of account groups in profit center accounting for planning 13. planning for profit and loss account items 14. planning for balance sheet items 15. posting of transactions into profit centers 16. generating the variance reports for profit and loss account items 17. Generating the variance reports for balance sheet items. Profitability analysis 1. Maintaining the operating concern 2. Define profitability segment characteristics 3. Assignment of controlling area to operating concern 4. Activating the profitability analysis 5. Define number ranges for actual postings 6. Mapping of SD conditions types to COPA value fields 7. Creation of reports 8. Viewing the reports Product costing:. Product cost planning: 1. creation of bill materials 2. creation of activity type master records 3. planning for activity hours 4. activity type price calculation 5. creation of work center master records 6. creation of routings 7. defining cost sheet( over head structures) 8. assignment of cost sheet to costing variant 9. creation of cost estimate with quantity structure 10. marking 11. releasing 12. creation of cost estimate without quantity structure Integration Integration of financial accounting with materials management: 1. Definition of organizational units in materials management i.e. plant, storage location and purchase organization 2. Assignemnt of organizational units to each other 3. Definition of tolerance groups for purchase orders 4. Definition of tolerance groups for goods receipt 5. Definition of tolerance groups for invoice verification 6. Definition of vendor specific tolerances 7. Creation, display and change of material master records 8. Creation of plant parameters 9. Maintenance of posting periods for materials management 10. Mainternace of parameters for invoice verification 11. Maintenance of plant parameters for inventory management and physical inventory 12. Definition of attributes for material types 13. Assignment of GL accounts for material transactions in financial accounting (Integration of MM with FI) 14. Creation of purchase order, posting of goods receipt, invoice verification and Goods issue for production Integration of financial accounting with sales and distribution: 1. Definition of sale s organization 2. definition of distribution channels 3. definition of divisions 4. assignment among various organizational units in SD 5. definition of partner functions 6. definitions of shipping point and loading points 7. definition of pricing procedures 8. determining the shipping points 9. determining the pricing procedures 10. maintenance of SD condition types 11. maintenance of condition records 12. assignment of GL accounts for sales transactions( integration of FI with SD) 13. creation of sales order 14. initialization of stock 15. posting the delivery of goods 16. creating the sales invoice SAP FSCM Course Content Basic settings for financial supply chain management: Define business partner roles Define business partner number ranges Define business partner groups Master data synchronization Activate synchronization control Define BP role category for direction BP to Customer Define Bp role category for direction customer to BP Define number ranges for direction BP to customer Define number assignment for direction customer to BP. Business partner master data creation Creation of customer in financial accounting Creation of business partner in financial supply chain management FSCM – COLLECTION MANAGEMENT.INTRODUCTION: Basic settings for Collection Management: Activate sap collection management Activate distribution per company code Define company code for sap collection management Define basic rules Define collection rules Create RMS ids Create attribute types Create attribute types Create text ids Create text profile Create status profile Define number ranges for cases Define case types Define automatic status change Create customers contact Define result of customer contact Define resubmit reasons Integration with sap dispute management. Make settings for promise to payt Define Company Codes for SAP Collections Management. Collection Strategies Organizational Structure : Segments, Collection Profiles, Collections Groups etc. 2.4 Business Partner BADI’S discussion Promise to pay: Create RMS ID, Create Status Profile etc. Define Number range Interval for case Define Case Types Customer Contacts: Define Result of Customer Contact. Resubmit: Define Resubmission Reason. SAP Dispute Management Integration Work list : Define Distribution Procedure Integration with Accounts Receivable Accounting: Activate SAP Collections Management Activate/Deactivate Standard Implementation for mapping in FI-AR Activate Distribution per Company code Make Settings for Promise to pay. Business Partner Settings: Define Grouping and assign Number Ranges Business partner Settings Synchronization Control: Activate Synchronization Options Activate PPo requests for Platform Objects in the Dialog Easy Access Transactions: Transfer of Data from SAP to FSCM collections Management 5.2 Generation of the work List My work list Supervisor – All work list Promise to pay FSCM DISPUTE MANAGEMENT: Create RMS ids Create and process case record model Define element types and case record model Create attribute profile Create values for attributes “Escalation reason” Create profile for case search Create text ids Create text profile Create status profile Define number ranges for dispute cases Define case types Define derivation of element types Define automatic status change. Define document category for attachments to dispute chases Process integration with accounts receivables Activate process integration for sap dispute management Define default values for creation of dispute cases Automatic write off of dispute cases : edit settings Activate assignment of open credits and payments Easy Access: Creation of dispute case Manage dispute case Closing of dispute case- full and partial payments Clearing of dispute case through credit memo Automatic write off of dispute case. FSCM – CREDIT MANAGE