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SAP FICO Training in Bangalore

SAP FICO Training


SAP FICO (Finance and Costing) is the most important module of SAP and it is being considered as the largest module, where in real-time financial transactions are all captured to provide the basis via which data is drawn for external reporting. SAP FI has been integrated with many other parallel modules that enables a company to unify processes, that may have been needed to utilize many software packages. We at cranesoft provides the best FICO training in Bangalore. Since the finance industry is vast, SAP Finance and Costing consultants are in great demand. This is a right time to learn SAP FICO since there is huge requirements and openings in the market. This particular module is very easy to learn and understand. We have real-time trainers having more than 10 years experience on SAP FICO, and they are all working in MNCs. Along with the training, we are providing the real-time project also. cranesoft will provide the best FICO training in Bangalore.


INTRODUCTION TO SAP FICO

SAP FICO Stands for FI and CO. This is the most important module of ERP and both FI and CO modules store the financial transactions data. SAP FI is the important module of all SAP implementations SAP FI ( Financial Accounting ) is used for external reporting i.e Profit Loss statements, Balance sheet, SAP FICO Module integrates with various other SAP Modules such as MM

What is SAP FICO?

SAP FICO module of SAP ERP system this stand for Finance (FI) and Controlling (CO). FI and CO are the core modules of SAP. SAP Financial Accounting (FI) is the core module where all the financial processing transactions are captured. SAP FICO integrated with Sales and Distribution Module (sap sd module and Materials) & sap material management (MM) module. What is SAP FI?. This is the module that is used to create statutory Financial Statements for external reporting purposes. Functions...

CAREER IN SAP FICO

To start a career as a SAP FICO consultant, one needs to build a strong base of SAP FI module and SAP CO module with a complete overview of SAP FICO. SAP implementation is complex and requires adequate training. Sap fico consultant need to understand all the company requirement and financially

SAP FICO CONSULTANT ROLES

SAP FICO consultant is mainly responsible for building ,deploying designing, SAP-based ERP solutions; leading analysis and design in the SAP FI/CO area, often in close cooperation with the clients finance team; Ensuring stabilization of the solution and continuous improvements. Responsibilities of FICO Consultant is Understanding the business need of the organization Preparation of Blue print for implementing


Basic Settings

  • Creations company
  • Company code
  • Assign company code to company
  • Business area
  • Fiscal year variant
  • Asian fiscal year variant to company code
  • Chart of accounts
  • Retained earning account
  • Posting period variant
  • Document Types and no ranges
  • Filed status variant
  • Tolerance group
  • Posting Keys

GENERAL LEDGER

  • Understanding SPM functionality
  • Pre- and post- installation check lists
  • Understanding SPM data requirements
  • Understanding Fire Fighter strategy
  • Understanding SAP role, Fire fighter ID and end user ID mapping
  • Configuring SPM
  • Troubleshooting SPM

Complaint user provisioning

  • GL master record
  • Posting of document
  • Display balances of GL
  • Parking, hold
  • Accrual, sample documents
  • Deferral documents
  • Foreign exchange
  • Reversal of documents
  • Interest calculation
  • Cash management
  • Bank reconciliation

ACCOUNTING PAYABLE

  • Vendor groups(MM and FICO vendors)
  • No. ranges for vendor accounts
  • Tolerance group for vendors
  • House bank
  • Correspondence
  • Automatic payment program
  • Extended with holding tax
  • Terms of payments
  • Down Payment Made
  • Cash discount (received)

ACCOUNT RECEIVABLE

  • Customer group (SD and FI/CO customers)
  • No. ranges for customers accounts
  • Customer master records
  • Down Payment Received
  • Dunning
  • Cash discount (CIN version)
  • Bills of exchange
  • Treasury management

ASSET ACCOUNTING

  • Chart of depreciation
  • Account determination
  • Screen layout
  • Asset classes
  • Integration with FI
  • Depreciation methods
  • Depreciation keys
  • Asset master
  • Sub Asset Master
  • Asset report
  • Depreciation run
  • Sale of asset
  • Transfer of asset
  • Scrapping of asset
  • Capital work in progress

CONTROLLING

  • Controlling area
  • No. of ranges for controlling documents
  • Versions
  • Cost element accounting(manual, automatic)
  • Cost Centre Accounting
  • Repost line items, repost of cost
  • Actual overhead assessment
  • Planning cost centre and cost element
  • Budgeting

INTERNAL ORDER

  • Order type
  • Order, Statistical Key Figure
  • Planning internal order wise
  • View internal order wise report

PROFITABILITY ACCOUNTING (PCA)

  • Controlling settings
  • Dummy profit centre actual data
  • Profit centre assignment of revenue elements
  • Choose account, creation of cost object
  • Planning profit and loss items
  • Planning balance sheet items

PROFITABILITY ANALYSIS (CO-PA)

  • Operation concern
  • Profitability segments
  • Assignment of controlling area to operating
  • Activate profitability analysis
  • Mapping of conditions to coop values
  • Drill down report
  • Report painter

PRODUCT COSTING

  • Creation of secondary cost element
  • Active type
  • Price calculation
  • Work centre
  • Overhead keys
  • Routing
  • Cost sheet variant
  • Cost estimate with quantity structure
  • Cost estimate without quantity structure
  • Marking and Releasing
  • Work in Progress

INTEGRATION

  • Procurement cycle
  • Integration with MM
  • Sales process integration with SD
  • Integration with asset accounting
  • Integration with controlling
  • Integration with PP
  • Financial statement version
  • GL reports
  • Accounts payable reports
  • Accounts receivable reports
  • Assets
  • Cash book reports
  • LSMW
  • Transport

Best SAP FICO Training in Bangalore