SAP FICO Online Training

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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.

Did you Know

1. SAP FICO enables enterprises to keep track of every financial transaction and aids in finance reporting at the end of fiscal year.
2. It has been established by research that SAP customers help 800 million consumers live safer and healthier lives.
3. SAP’s customers manufacture more than 77,000 automobiles per day as found by leading statistical organizations.
4. Another impressive statistic is that SAP’s customers produce 65% of the world’s televisions..
5. Also well known as an empirical fact is that SAP customers produce more than 52% of the world’s movies.

Why learn and get certified in SAP FICO?

1. SAP FICO offers highly advanced means of financial transaction reporting and also better handling of accounts.
2. Banks, tax authorities, managers, administrators, and stockholders utilize external reports generated with the help of SAP FICO according to specific requirements.
3. SAP FI is responsible for consolidating diverse modules and creating a single system for the entire organization.
4. To Sum it up, SAP FI obtains data for external reporting procedures while its SAP Controlling Module (CO) lays stress on data for internal users.


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 Materialsif you want to Learn Basics of Finance and Accounting.

Course Objective

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

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

Prepare for Certification!

Our training and certification program gives you a solid understanding of the key topics covered by Foundation and Advanced Level Certification exams. This is aimed at students who have recently completed, and experienced professionals to enhance their practical knowledge in SAP FICO modules. In addition to boosting your income potential, getting certified, demonstrates your knowledge and the skills, understanding of the fundamentals of SAP FICO along with processes, tools, techniques, and management methodology. The certification validates your ability to produce reliable, high-quality results with increased efficiency and consistency.

How will I perform the practical sessions in Online training?

For online training, US Global IT provides a virtual environment that helps in accessing each other’s system. The complete course material in pdf format, reference materials, course code is provided to trainees. US Global IT conductes online sessions through any of the available requirements like Skype, WebEx, GOTOMeeting, Webinar, etc.


SAP FICO Course Syllabus

  • Define Company
  • Define Credit Control Area
  • Edit, Copy, Delete Check company code
  • Define Business Areas
  • Maintain Controlling area
  • Assign Company code to Company
  • Assign Company code to Credit Control area
  • Assign Company code to controlling area
  • Financial Accounting
  • Financial Accounting Global Settings
  • Assign Company code to Fiscal year Variant
  • Define Variants for open posting periods
  • Open and Close Posting periods
  • Assign Variants to Company code
  • Define Document types
  • Define Tolerance groups to Employees
  • Maintain Field Status Variants
  • Assign Company code to Field Status Variants
  • Define Maximum Exchange Rate Difference per Company code
  • Cross company code transactions
  • Prerequisites for Cross company code transactions
  • Clearing accounts for Cross company code transactions
  • Clearing accounts for Cross company code transactions: Example
  • Displaying Cross company code transactions
  • Changing Cross company code transactions
  • Reversing Cross company code transactions
  • Posting business transactions in General Ledger Accounting
  • Entering business transactions in General Ledger Accounting
  • Entering G/L Account line items (General Ledger)
  • Required entry fields for G/L account line items (General Ledger)
  • G/L account number (General Ledger)
  • Additional account assignment (General Ledger)
  • Additional data for G/L account line items (General Ledger)
  • Posting valuation differences manually
  • Carrying out transfer posting
  • Posting documents in General Ledger accounting
  • Document parking enjoy transaction
  • Parking documents - enjoy transaction
  • Posting parked documents- enjoy transaction
  • Creating screen variants- enjoy transaction
  • G/L Account posting- enjoy transaction
  • Entering G/L Account Documents- enjoy transaction
  • Editing line items- enjoy transaction
  • Hold Document
  • Sample Document
  • Recurring Document
  • Reversal Document
  • Open item management
  • Posting with clearing
  • Posting G/L account documents- enjoy transaction
  • Assign Country to Calculation Procedure Tax
  • Check and change settings for tax processing
  • Define tax codes for Sales and Purchases
  • Check recipients types in Withholding tax
  • Define business place
  • Maintain Tax Due Dates
  • Define Withholding tax type for invoice posting
  • Define Withholding tax type for Payment posting
  • Define Withholding tax codes
  • Define formulas for calculating withholding tax
  • Maintain Surcharge Calculation Methods
  • Maintain Surcharge Tax codes (Separate Tax Codes)
  • Assign Withholding tax types to company codes
  • Activate Extended Withholding Tax
  • Define Accounts for withholding tax to be paid over
  • Specify Document type for Journal Vouchers in India
  • Specify Document type (Accounts Payable) in Remittance Challan
  • Specify Document type (Accounts Receivable) in Remittance Challan
  • Maintain Number Groups
  • Assign number ranges to number groups
  • Maintain number ranges
  • Maintain number groups and SAP Script forms for withholding tax certificates for vendors and customers
  • Posting of withholding tax certificates from customers
  • Assign programs for correspondence types
  • General Ledger Accounting
  • Edit Chart of accounts list
  • Assign Company code to Chart of Accounts
  • Define Account group
  • Define retained earnings account
  • Maintain Work lists for displaying balances
  • Define document types for Enjoy Transaction
  • Define accounts for Exchange rate differences
  • Define interest calculation types
  • Prepare account balance interest calculation
  • Define reference interest rates
  • Define time-based terms
  • Enter interest values
  • Define reasons for reversal of documents
  • Define valuation methods in foreign currency valuation
  • Prepare automatic postings for foreign currency valuation
  • Define Financial statement versions in documenting
  • Define accounts for materials management
  • Prepare revenue account determination
  • Accounts Receivable and Payable
  • Preparations for creating customer master data Define account groups
  • Create number ranges for customer accounts
  • Assign number ranges to customer account groups
  • Preparations for creating Vendor master data Define account groups
  • Create number ranges for Vendor accounts
  • Assign number ranges to Vendor account groups
  • Maintain Terms of Payment
  • Define accounts for cash discounts taken
  • Define accounts for lost cash discount
  • Define accounts for overpayments / underpayments
  • Define accounts for rounding differences
  • Define accounts for Bank charges
  • Define reason codes for manual outgoing payments
  • Define accounts for payment differences (manual outgoing payments)
  • Setup all Company codes for Payment transactions
  • Setup paying company codes for payment transactions
  • Setup payment methods for country for payment transactions
  • Setup payment method per company code for payment transactions
  • Setup bank determination for Payment transactions
  • Assign payment forms for payment method in company code
  • Define number ranges for checks
  • Check void reason codes
  • Define Payment block reasons
  • Define Vendor tolerances
  • Define reconciliation accounts for customer down payments
  • Define alternate reconciliation accounts for down payments for vendors
  • Define alternate reconciliation for Customers
  • Define alternate reconciliation for Vendors
  • Define accounts for automatic offsetting entry
  • Interest Posting A/R Calculation of interest on arrears
  • Interest on Arrears calculation Vendors
  • Assign forms to interest indicators
  • Define sender details for interest forms
  • Assign permitted credit control areas to company code
  • Define risk categories
  • Bank Accounting
  • Define House Banks
  • Create and assign business transactions
  • Define posting keys and posting rules for manual bank statement
  • Define variants for manual bank statement
  • Define global settings for electronic bank statement
  • Define alternative reconciliation accounts for bill of exchange receivable
  • Define accounts for bill of exchange transactions
  • Prepare bill of exchange charges statement
  • Define bank sub accounts when presenting to bank
  • Assign payment method to bank transaction
  • Define alternative reconciliation account for bill of exchange payable
  • Asset Accounting
  • Assign Chart of Depreciation to company code
  • Specify Account determination
  • Create screen layout rules
  • Define number range interval
  • Define asset classes
  • Define how depreciation areas post to general ledger
  • Assign GL accounts
  • Assign input tax indicator for non taxable transactions
  • Specify Financial statement version for asset reports
  • Specify document type for posting the depreciation
  • Define Depreciation areas
  • Specify transfer of APC values
  • Specify transfer of depreciation terms
  • Determine Depreciation areas in the asset class
  • Specify rounding of net book value / depreciation
  • Specify depreciation areas for group assets
  • Specify asset classes for group assets
  • Define base methods
  • Define multi-level methods
  • Maintain period control methods
  • Maintain depreciation key
  • Define screen layout for Asset master record
  • Define screen layout for asset depreciation areas
  • Specify entry of Net Book Value


Certification assistance provided with proper guidance and certification notes.