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SAP FICO Training

SAP FICO stands for SAP Financials (FI) and Controlling (CO). They both are related to accounting and hence always learned together. SAP FICO helps enterprises in managing financial transactions. Application of SAP ERP in an organization enables the employees to manage the accounting and business transactions in unified manner. Financial reports are crucial for any management to understand the current situations of the enterprise and plan future. SAP helps the management by providing various kinds of reports based on the data collected during financial transactions managed through SAP FICO module. SPA FICO is the most matured accounting software available in the market. There are thousands of enterprises and IT consultants use SAP FICO. This course is very much suitable for the students coming from commerce and finance background like B.Com, MBA Finance, M.Com etc. Most of those students are not much exposed to ERP software and hence they land in low paying jobs. Either you are a freshers with such background or already working in a company with such background learning SAP ERP (FICO) will help you in making better career and sustain in the market with good job security.

SAP FICO course at IQ Stream Technologies it taught by industry experts and high focus is given for understanding the concepts along with extensive practices.

Module: SAP FI


• Introduction to SAP FICO
• Create a Company
• Create a Company and assign to Company Code

General Ledger

• Create Chart of Accounts
• Create Retained Earnings Account
• GL Account: Create, Display, Block & Delete FS00
• Posting to General Ledger
• Create Versions of Financial Statement
• Perform a Journal Entry Posting FB50 in SAP
• Create Fiscal Year Variant & Assign to Company Code in SAP: Complete Tutorial
• Define Posting Period Variant
• Opening And Closing Posting Periods
• How to Define Field Status Variant & Field Status Group in SAP
• Document Type And Number Ranges
• Park, Hold, Posting with Refrence in SAP

Accounts Receivable

• Introduction to Accounts Receivable
• Create, Display, Block, Delete: Customer Master Data
• Change Customer Documents
• Create Customer Account Group
• One Time Customer
• Post Sales Invoice
• Document Reversal
• Sales Returns – Credit Memo
• Posting Incoming Payment
• Posting Foreign Currency Invoices
• Posting of Incoming & Outgoing Partial Payments: Residual Method
• Incoming & Outgoing Partial Payments Posting: Partial Method
• Reset Cleared Item: FBRA
• Credit Control for the Customer

Accounts Payable

• Introduction to Accounts Payable
• Create a Vendor Account Group
• Block or Delete a Vendor
• Create Vendor Master Data
• One Time Vendor
• FB60 in SAP: Post a Purchase Invoice
• Credit Memo - Purchases Returns
• Outgoing Payments
• Withholding Tax: Vendor Invoice & Payment Posting
• Automatic Payment Run
• Map Symbolic Account to G/L Account
• Posting Rounding Differences

SAP:Fixed Assets

• Managing Fixed Assets
• Recognize key terms in the Fixed Assets Solution
• Relevant Sub-menu

FI: Miscellaneous

• Month End Closing – Foreign Currency Revaluation
• Important Tables in FI Module
• Dunning
• How to Maintain Exchange Rates
• Accounts Receivable and Accounts Payable Correspondences in SAP
• SAP FICO Interview Questions & Answers

Module: SAP CO


• Introduction to SAP CO
• Cost Center
• Create Cost Center

Internal Order

• All About internal Order
• Settlement Of Internal Orders To Cost Centers

Profit Center

• SAP Profit Center Tutorial: Create, Group, Posting & Planning
• Profit Center Standard Hierarchy
• Assignment of Cost Centers To Profit Center
• Assignment of Materials To Profit Center

CO: Miscellaneous

• Important Tables in CO Module
• Comparison Between Cost Center, Profit Center and Internal Order

Module: FICO Reports

Reports: General Ledger Reports

• Chart Of Accounts List
• Account List
• Account Balances
• Account Totals And Balances

Reports: Accounts Receivable Reports

• Customer Master Data List
• Customer Balances
• Customer Line Items
• Customer Open Item Analysis Drill-down Report
• Customer Payment History

Reports: Accounts Payble Reports

• Vendor Master Data List
• Vendor Balances
• Vendor Line Items
• Vendor Open Item Analysis