SAP FICO, SAP FI (Financials) monitors company financials while CO (Controlling) delivers cost accounting. SAP FI is used to store the financial data of an organization and also helps to analyse the financial conditions of a company in the market whereas SAP CO supports coordination, monitoring, and optimization of all the process in the organization. Our training program focuses on core accounting and reporting concepts like financial controlling – credit control, maintain fiscal year variant and tax code, assign the company code to a chart of accounts etc.


SAP is one of the biggest players in the enterprise software application industry which is aimed at superior enterprise resource planning. SAP is the abbreviation for Systems, Applications, and Products in Data Processing. SAP Finance and Controlling (FICO) is one of the most broadly used SAP modules. SAP FICO module includes SAP FICO configuration, SAP CO configuration, SAP FI user and SAP CO user. Taking up a SAP FICO certification is the first step towards beginning a career as a SAP FICO consultant. The different parts of the SAP FI and SAP CO modules are essential to building the skill sets of a SAP FICO consultant or professional.

Job Outlook:


After the completion of SAP FICO course, you will be able to:

  1. Learn the basic concepts and fundamentals of Finance and Controlling modules
  2. Learn about General Ledger, Accounts Payable, Bank Accounting and Funds Management and its application in finance analysis
  3. Learn about Business Process and how FICO Module work in R/3
  4. Apply Implementation Training and Integration with other Modules
  5. Apply Real-time Training with End to End Implementation Process


  1. Candidates do not require any specific requirements to take up this course except a basic background in information technology.
  2. We provide FREE Finance Domain Materials if you want to Learn Basics of Finance and Accounting.

Who should attend this Training?

This certification is highly suitable for a broad range of professionals either aspiring to, or already are in the IT and Finance domain, such as:

  1. Analytics professionals, professionals desirous of excelling in the fields of accounting and finance
  2. IT developers and testers
  3. Data analysts
  4. BI and reporting professionals
  5. Project managers
  6. Data scientists
  7. Professionals aspiring for a career in growing and demanding fields of real-time big data analytics
  1. Introduction to ERP, Advantages of SAP over other ERP Packages
  2. Introduction to SAP R/3 FICO
  3. Landscape – client concept
  4. Transport request – creation, structure, types, statuses, releasing and movement
  1. Definition of company
  2. Definition of company code
  3. Assignment of company to company code
  4. Definition of business area
  5. Definition of Chart of accounts and types of chart of accounts
  6. Assignment of chart of accounts to company code
  7. Definition of Account groups
  8. Defining Retained Earnings Account
  9. Definition of fiscal year variant, Short-end fiscal year
  10. Assignment of fiscal year variant to company code
  11. Definition of posting period variant
  12. Assignment of posting period variant to company code
  13. Open and close FI posting period
  14. Defining document type & number ranges (internal and external)
  15. Maintenance of field status variants
  16. Assignment of field status variant to company code
  17. Definition of tolerance groups for GL accounts
  18. Definition of tolerance groups for employees
  19. Assignment of tolerance groups to users
  20. Global parameters
  1. Creation of General Ledger Master (with and without 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. Creation of account assignment model and posting
  11. Configuration of line layouts for display of GL line items
  12. Accrual and Deferral documents
  13. Reversal of individual documents, mass reversal, reversal of cleared items and reversal of accrual and deferral documents, re-reversal
  14. Types of clearing – standard, partial and residual
  15. Defining Exchange Rate types, Forex table and Translation and tables
  16. Define Exchange rates & posting of foreign currency transactions
  17. Interest calculations on term loans
  18. Recurring documents
  19. Tables and reports in GL
  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) and related tables
  6. Posting of vendor transactions (invoice posting, manual payment posting, credit memo) and related tables
  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. Cash discounts from vendors and payment terms
  10. Automatic payment program configuration with SEPA format
  11. Bank master data and house banks
  12. F110 execution – main bank posting from F110 and bank clearing account posting from F110 and related tables
  13. DME files creation in xml and txt format and understanding DME structure in DMEE
  14. Payment advice generation, payment summary generation
  15. Reversal of payment documents
  16. Vendor clearing – standard, partial and residual
  17. Check payment method and creating checks manually and automatically and printing
  18. Creation of check lots and maintenance of check register
  19. Check encashment dates
  20. Cancellation of unissued checks and issued checks
  21. Creation of void reasons
  22. Issued check cancellation
  23. Deleting manual checks and voided checks
  24. Defining correspondence & party statement of accounts
  25. Real-time scenarios on APP
  26. Intercompany payments – manual and automatic
  27. Tables and reports in AP and APP
  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) and related tables
  6. Posting of customer transactions (sales invoice posting, manual payment posting, debit memo) and related tables
  7. Settings for advance payment from parties (down payment)
  8. Configuration of settings for dunning and generating the dunning letters
  9. Defining correspondence and party statement of accounts
  10. Cash discounts to customers
  11. APP configuration for incoming payments direct debit
  12. Customer clearing – standard, partial and residual
  13. Tables and reports in AR
  1. House bank
  2. Bank key
  3. Bank account
  4. Bank clearing accounts
  5. Electronic bank statement (EBS): Configuration and execution MT940
  6. Auto Lockbox: Configuration and execution
  7. Cash journal/SAP query
  1. LSMW (master data)
  2. BDC (transaction data)
  1. Defining chart of depreciation, depreciation areas
  2. Creation of 0% tax codes for sales and purchases
  3. Assignment of the chart of depreciation to company code
  4. Defining account determination
  5. Definition of screen layout 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/purchase of fixed assets
  14. Sale/retirement of fixed assets
  15. Transfer of assets (intra and intercompany)
  16. Scrapping of assets
  17. Depreciation run
  18. Asset history report, Asset explorer and Asset documents
  19. Line item Settlement of assets under construction of capital work in progress
  20. Year-end activities
  21. Asset mass changes
  22. Tables and reports in AA
  1. Parallel ledgers
  2. Document splitting
  1. Financial statement version (FSV)


  1. Defining Controlling Area
  2. Defining Number ranges for Controlling Area
  3. Maintain versions
  1. Creation of primary cost elements from FI and CO
  2. Manual and automatic creation of primary and secondary cost elements
  3. Grouping of cost elements
  4. Change cost element master records
  5. Primary cost element categories and Secondary cost element categories
  6. Default account assignments
  1. Defining Cost Center Standard Hierarchy
  2. Creation of Cost Centers and cost center groups
  3. Display and change cost center master records
  4. Creation of cost center groups
  5. Actual posting to cost centers
  6. Reposting of CO line items
  7. Repost of costs
  8. Planning for cost centers
  9. Actual and variance reports
  1. Statistical Key figure
  2. Creation and execution of Distribution Cycle with/without SKF
  3. Creation and execution of Assessment cycles with/without SKF
  4. Creation and execution of Actual periodic reposting
  1. Defining order types
  2. Creation of internal order master records
  3. Display and change internal order master records
  4. Postings to internal orders
  5. Planning for internal orders
  6. Reposting co line items for internal orders
  7. Repost of costs for internal orders
  8. Report of Actuals and Variance analysis for internal orders
  9. Creation of real and statistical internal orders
  10. Posting of business transaction to real orders
  11. Definition of allocation structures
  12. Definition of settlement profiles
  13. Definition of planning and budget profiles
  14. Settlement of real internal orders
  15. Budgeting and availability control
  16. Maintain number ranges for budgeting
  17. Define tolerances for availability control
  18. Specification of exempt cost elements from availability control
  19. Maintenance of budget manager
  20. SAP Business workplace
  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. Maintenance the number ranges for profit center documents
  6. Creation, change and display of profit center master records
  7. Creation of revenue cost elements
  8. Automatic Assignment of Revenue elements for Profit Centers
  9. Assignment of profit centers in cost center master records
  10. Creation of account groups in profit center accounting for planning
  11. Planning for profit and loss account items
  12. Planning for balance sheet items
  13. Posting of transactions into profit centers
  14. Generating the variance reports for profit and loss account items
  15. Generating the variance reports for balance sheet items
  16. Transferring balances from one PC to another PC
  1. Maintaining the operating concern and related tables
  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. PA transfer structure
  8. CoPA document generation from Billing and FI document
  9. Creation of reports – Report painter
  10. Viewing the reports

Product costing

  1. Creation of bill of materials BoM
  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 (overhead structures)
  8. Assignment of cost sheet to costing variant
  9. Cost component structure
  10. Creation of cost estimate with quantity structure
  11. Marking
  12. Releasing – price change document
  13. Creation of cost estimate without quantity structure
  14. Additive costing
  15. Base planning object (Reference or Simulation costing)


  1. Definition of organizational units in materials management i.e. plant, storage location and purchase organization
  2. Assignment 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. Maintenance 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. Valuation classes, Valuation grouping code
  15. Creation of purchase order, posting of goods receipt, invoice verification and Goods issue for production
  16. Price control – standard and moving average with postings
  17. GR/IR clearing from F.13
  18. MM Pricing procedure and adding freight to pricing procedure
  19. Stock report MB5B
  1. Definition of sales organization
  2. Definition of distribution channels
  3. Definition of divisions and Sales area
  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 with PGI
  16. Creating the sales invoice
  17. SD pricing procedure
  1. Line item level
  2. Header level
  1. Input tax
  2. Output tax
  3. Sales tax procedure
  1. Structure of an Idoc
  2. AL11 path, Uploading and downloading files from AL11
  3. Testing and copying an Idoc
  4. Reprocessing an Idoc
  1. Phases in ASAP methodology
  2. Project plan
  1. Business blue print (BBP)
  2. Estimate
  3. High level design
  4. Functional specifications
  5. Test script
  6. UAT

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