SAP FICO online Training

Introduction

SAP FICO Training

IQ Online Training is a trusted and preferred online training partner for corporate and professionals. A premier training provider, IQ Tech imparts training across the globe in different IT specializations. IQ Tech is known for its state-of-the-art training facility, and a distinguished faculty. IQ Tech’s strength lies in delivering industry expected training with hands-on experience in handling real business challenges.

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SAP is one of the most foremost enterprise information and management suite worldwide. SAP FICO is the financial and controlling module that effectively handles the cost accounting and financial nitty-gritty of any organization. SAP FICO provides a clear insight into an organization financial state with advanced reporting and BI tools.

The SAP FICO online training at IQ Online is a thorough course that is conducted online by industry veterans. The course covers all aspects of SAP FI and SAP CO module and equips individuals with the ability to better manage the financial accounting and reporting techniques for their organization.

Have a quick glance at below for more details.

COURSE SUMMARY

Course NameSAP FICO Online Training
ContentsFundamentals of SAP FICO
Duration30Hours with Flexible Timings
DeliveryInstructor Led-Live Online Training, Learning Management System Access.
EligibilityKnowledge of Finance, Accounting
Live Online TrainingLive Interactive SAP FICO Training by Certified & Industry Expert Trainers by Providing Server and Lab access.
AvailabilityRegular/Weekend Batches. 24×7 Teaching Assistance and Support.

Course Objectives

Skills you’ll learn in SAP FICO Training Course :

  • Introduces you to the SAP suite
  • Gives an overview of all terms and terminologies of the SAP FICO suite
  • Covers in detail key features and capabilities of SAP FICO
  • Focuses on handling payments, taxes and interest calculation
  • Explains  how to use another module with SAP FICO
  • Explains in detail the topics of Reporting and ledger handling in detail
  • Focuses on best practices while using SAP FICO

CORE BENEFITS OF LEARNING SAP FICO

SAP Fico online training course is an essential course for professionals seeking to make a career in the finance or accounting field. SAP Fico is very useful for financial consultants as it efficiently caters and aids the financial department of any business organization. SAP is also one of the market leaders in the enterprise management software arena and is preferred across industries. A specialization in this course, therefore, increases the career opportunities of financial consultants.

SAP FICO Training, SAP FICO stands for FI(Financial Accounting) and CO(controlling). SAP FI module deals with managing financial transactions with enterprises. SAP FICO online training course is designed to make you expert in working with financial and controlling modules of SAP. Providing SAP FICO corporate training worldwide in USA, UK, Singapore, Canada, Dubai, Australia, and India. Access to pre-recorded SAP FICO Training videos. Download of self-paced SAP FICO Training course content/material prepared by industry experts.

Course Curriculum

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The SAP FICO online training at IQ Tech is designed from a financial accounts perspective. It focuses on the relevant topics from a very practical perspective that helps a financial consultant deliver his duties effectively using this module. Have a look below for a detailed course curriculum.

COURSE CONTENTS :

ENTERPRISE RESOURCE PLANNING & SAP INTRODUCTION

  • ERP Fundamentals
  • SAP Vs. other ERP Packages: Advantages
  • SAP R/3 FICO Basics

FUNDAMENTALS CONFIGURATION

  • Introduction of Basic Components: Company, Company code & Business Area
  • Create Basic Components
  • Fiscal year variant: Define & Assignment
  • Posting period variant: Define & Assignment
  • Open & Closing posting periods: Define
  • Document type & number ranges: Define
  • Field Status Variants: Maintain & Assignment
  • Tolerance groups of employees: Define & Assignment
  • Basics of Tax on Sales & Purchases
  • Chart of Accounts: Creating Procedure
  • Accounts Groups: Define
  • Retained Earnings Account: Define
  • Tolerance groups for G/I accounts: Define

CONFIGURE GENERAL LEDGER ACCOUNTING

  • Master General Ledger: Creating with & without reference
  • Master General Ledger: Display, Change, Block & Unblock
  • Documenting Postings: Normal Postings & Reference Posting
  • Documents: Display & change
  • GL balances & Line items: Display
  • Conceptual of Parked & Hold documents
  • Sample Document: Create & post
  • Recurring Entry Document: Introduction, Create & post
  • Account assignment model: Introduction, Create & post
  • Display GL line items with Line Layout Configured
  • Reversal: Individual documents, mass reversal
  • Reversal: Cleared items, Accruals & Deferral documents
  • Exchange Rate Types & Translation Ratios: Define
  • Exchange Rates: Define
  • Post-Foreign Currency Transactions
  • Term loans: Define, Calculate Interest on Term Loans

CONFIGURE ACCOUNTS PAYABLE

  • Vendor account groups: Create & Assign number ranges
  • Tolerance group for vendors: Define
  • Master Vendor Account: display, change, block & unblock
  • Vendor Transactions: Invoice posting, Payment posting, Credit memo Posting
  • Advance Payment Setup: down payment & clearance against invoices
  • Partial & Residual Payment : Posting
  • Payment terms: Define
  • House banks & Account ID: Create & Assign
  • Check lots & Check Register: Create & Maintain
  • Automatic payment program: Configuration Guide
  • APP Payment to Vendors
  • Checks cancellation & Reversal : Un-issued & issued
  • Correspondence: Definition
  • Statement of Accounts

CONFIGURE ACCOUNTS RECEIVABLE

  • Customer Account Groups: Create & Assign number ranges
  • Tolerance group for customers: Define
  • Master Customer & Master Vendor: display, change, block & unblock
  • Customer Transactions: Posting of Sales Invoice, Payment posting & Debit memo Posting
  • Advance Payment Setup: down payment of invoices
  • Dunning: Setup Configuration
  • Correspondence: Definition
  • Statement of accounts

CONFIGURE ASSET ACCOUNTING

  • Chart of Depreciation: Introduction & Define
  • Account determination, screen layout, number ranges & Asset classes: Introduction & Define
  • General Ledger & Posting rules: Integration
  • Master Asset & Sub asset master: change, display, block & unblock
  • Depreciation key: Define base, declining, multilevel, period control methods
  • Assets: Acquisition/purchase & Sale, Scrapping, Transfer
  • Define Post Capitalization & write up
  • Understand Depreciation run
  • Work in progress: assets under construction of capital

FINANCIAL REPORTING

  • Reports: Financial statement
  • General Ledger: Accounts (Payable & Receivable) and Assets Reports

CONTROLLING BASICS & CONFIGURATION GUIDE

  • Controlling Area: Define & Assign Number Range
  • Planning Versions: Introduction & Maintenance
  • Primary & Secondary Cost Elements : Introduction & Defining
  • Cost Element Groups: Introduction & Defining
  • Cost element categories: primary & secondary

CONTROLLING: COST CENTER ACCOUNTING (CONFIGURING)

  • Cost Center Hierarchy (Standard): Introduction & Defining
  • Cost Centers & Cost center groups : Introduction & Defining
  • Cost center Planning & posting to Cost centers
  • Costs Reposting, Calculate Overheads
  • Distribution & Assessment Cycle: Define & Execute
  • Execute Cost center Reports

CONTROLLING: INTERNAL ORDER CONFIGURATION GUIDE

  • Order types: Introduction & Defining
  • Internal orders: Create, Plan & Post
  • Variance Analysis Report: Introduction & Details

CONTROLLING: PROFIT CENTER CONFIGURATION GUIDE

  • Profit Center Accounting: Introduction & Setup Guide
  • Dummy Profit Centers: Introduction & Creating
  • Profit centers Version Maintenance
  • Profit centers & Profit center groups: Introduction & Creating, Posting
  • Revenue cost elements : Introduction & Creating
  • Profit Centers: Map Automatically Revenue elements
  • Variance Reporting

CONTROLLING: PROFITABILITY ANALYSIS

  • Operating concern : Introduction & Defining
  • Profitability analysis: Introduction & Activation
  • Data structures: Introduction & Defining
  • Understand Fallow of actual values
  • Generate & Execute Reports
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I completed my course in IQ Online training center. Trainer was very helpful in clarifying queries. Now i am doing job. I am also getting support from the trainer for my ongoing project.

Value for Money & Time

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There is no doubt that IQ ONLINE TRAINING is best training provider. I found my training session very comfortable and enjoyable due to following key reasons. 1) They are very punctual about session timing 2) Excellent trainers with in-depth subject knowledge 3) Very interactive platform where you can interact live with all and/or any other participants 4) Very simplified and detailed content of all presentation 5) Simplified language to better understand the fundamental of the subjects 6) Option to attend as many as batches you want 7) Provides session video recording which helps in referring the same content in future for brush up or preparation of final exam. 8) Many more reason to choose IQ ONLINE TRAINING I will all the very best to all learners. Best regards, Prasann Bavania

IQ ONLINE TRAININGS is good but, can be the best

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4 5 1
So far have taken 3 certifications from them. 2 out of 3 instructors were good. Itil self-paced was more engaging, faster and much comprehensive than the actual instructor class. They have many batches to choose from but, I suggest having full 8 hour batch for this course and other 36 hour certification will help them retain old clients. Their classes are live online hence, saves travel time, travel hassel and money. In top of that they provide solid customer support keeping 'customer first' policy. Overall a good experience but, with improvement in 8 hour batches and instructor quality the will be leap years ahead of competition in India.

Nice explanation

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4 5 1
Great learning content,wonderful experience. Thanks

Very Knowledgeable

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5 5 1
Course instructor was very knowledgeable, and handled the class very well in terms of making it interactive, keeping it interesting, and responding to all questions from students.

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