What is SAP FICO ?

SAP FICO is also mentioned as SAP FI/CO, where SAP FI stands for Financial accounting and SAP CO is Controlling (Management accounting). SAP FICO is one of the modules of SAP and is usually the first module to be implemented in a client’s site.

This module is used to monitor and review the financial situation of a company. Using SAP FICO, you can monitor the inside operations by planning and creating reports and quickly find solutions for accounting requirements.It is also helpful if you are familiar with other modules in SAP, especially SAP ABAP since it is the most essential.

SAP FICO Course Curricullum:

A. Components of Financial Accounting (FI)
1. Organizational Elements/Basic Settings
2. General Ledger (FI-GL)
3. Accounts Payable (FI-AP)
4. Accounts Receivable (FI-AR)
5. Bank Accounting (FI-BL)
6. Asset Accounting (FI-AA)
7. Special Purpose Ledger (FI-SL)

1. Organizational Elements/Basic Settings
   a. Company Code
   b. Business Area
   c. Chart of Accounts
   d. Variant Principle
   e. Fiscal Year Variant
2. General Ledger (FI-GL)
   a. G/L Master Records
   b. Account Groups
   c. Reconciliation Accounts
   d. Document Control Overview
   e. Automatic Account Assignments
   f. TAX Procedures
3. Accounts Payable (FI-AP)
   a. Vendor Master Records
   b. Account Groups
   c. Integration with Materials Management
   d. Document Control Overview
   e. Automatic Account Assignments
   f.  TAX Procedures
   g. Payment Procedures
4. Accounts Receivable (FI-AR)
   a. Customer Master Records
   b. Account Groups
   c. Integration with Sales & Distribution
   d. Document Control Overview
   e. Automatic Account Assignments
   f. TAX Procedures
   g. Credit Management
   h. Dunning Procedures
5. Bank Accounting (FI-BL)
   a. Bank Master Records
   b. Bank G/L Accounts
   c. Cash Ledgers
   d. Bank Reconciliation
   e. Automatic Account Assignments
6. Asset Accounting (FI-AA)
   a. Asset Master Records
   b. Asset Class
   c. Depreciation Areas
   d. Document Control Overview
   e. Automatic Account Assignments
   f. TAX Procedures
   g. Depreciation Run
7. Special Purpose Ledger (FI-SL)
   a. Reporting Requirements
   b. Characteristics & Key Figures
   c. Table Requirements
   d. Adjustment Postings
   e. Validations, Substitutions and Rules
   f. Sets & Variables

B. Components of Controlling (CO)
1. Cost Element Accounting (CO-OM-CEL)
2. Cost Center Accounting (CO-OM-CCA)
3. Internal Orders (CO-OM-OPA)
4. Profit Center Accounting (EC-PCA)
5. Activity-Based-Accounting (CO-OM-ABC)

1. Cost Element Accounting (CO-OM-CEL)
   
   a. Different categories of Cost Elements
   b. Automatic Creation of Cost Elements
   c. Various uses of Cost Elements
2. Cost Centre Accounting (CO-OM-CCA)
   
   a. Overview of Controlling
   b. CO Components
   c. Cost Centres
   d. Standard Hierarchy
   e. Cost Centre Groups
   f. Account Assignments
   g. Assessment, Distribution & Reposting
   h. Period-End Closing
3. Internal Order (CO-OM-OPA)
   
   a. Overview of Internal Order
   b. Order Master Records
   c. Order Settlement
   d. Period-End Closing
4. Profit Centre Accounting (CO-PCA)
   a. Overview of Profit Centre Structure
   b. Standard Hierarchy
   c. Profit Centre Assignments
   d. Profit Centre Analysis
5. Activity Based Accounting (CO-OM-ABC)
   a. Activity Profiles
   b. Push & Pull Approach
   c. Business Profiles.

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