CoursesSAP FICO Consultant Level
CID11013
SAP FICO Consultant Level
The SAP Finance and Controlling (FICO) Consultant course provides comprehensive training in SAP's finance and controlling modules. Participants learn to configure financial accounting, manage accounts payable/receivable, conduct financial reporting, and utilize controlling tools for budgeting, cost allocation, and profitability analysis. Advanced topics include integration with other SAP modules and industry best practices.
duration
10 Weeks
NEXT BATCH
Mar 01, 2024
mode
Online
payment options
Program Overview
Embark on a transformative journey with our SAP Finance and Controlling (FICO) Consultant course! Gain in-depth expertise in SAP's finance and controlling modules, mastering essential skills for managing financial processes, analyzing data, and driving strategic decision-making. Elevate your career prospects and become a sought-after SAP professional in the competitive job market.
Career Advancement: Becoming proficient in SAP FICO can open doors to higher-paying roles and opportunities for career growth, including positions as financial analysts, controllers, or consultants.
In-Demand Skills: Mastery of SAP FICO in the context of S/4HANA makes you highly sought after in the job market, as many businesses are transitioning to this platform for their financial management needs.
Enhanced Efficiency: With S/4HANA's advanced features, you can streamline financial processes, automate tasks, and gain real-time insights, leading to increased efficiency and productivity in financial operations.
Industry Recognition: Certification in SAP FICO demonstrates your expertise in using one of the leading enterprise resource planning (ERP) systems, boosting your credibility and reputation within the finance and technology sectors.
Eligiblility
Eligibility criteria typically include a bachelor's degree in finance, accounting, business administration, or a related field. Familiarity with SAP software and prior experience in finance or accounting roles are advantageous. Some courses may require specific certifications or relevant work experience in SAP Finance and Controlling modules.
Why should you learn?
Studying SAP FICO Consultant Level S/4HANA offers learners comprehensive knowledge and practical skills in configuring, managing, and optimizing financial and controlling processes. It prepares them for SAP certification exams, enhances career prospects, and equips them with expertise to excel in roles such as SAP FICO consultants, financial analysts, or controllers.
Possible Job Roles
Job roles for SAP finance and controlling consultants encompass SAP FICO Consultant, Financial Analyst, Finance Manager, Business Analyst, SAP Functional Consultant, Financial Controller, Cost Accountant, Treasury Analyst, SAP Project Manager, and SAP Solution Architect, offering diverse opportunities in finance, accounting, and SAP implementation projects.
Salary Range
6 lakhs to 20 lakhs plus Annual salary in INR
Course Modules
10 Weeks COURSE
0 minutes
Short Overview of SAP S/4HANA
+This module provides a concise introduction to SAP S/4HANA, focusing on core financial accounting (FI) configuration. Participants learn how to manage organizational units within the financial accounting module, essential for setting up and maintaining the financial structure of an organization in the SAP S/4HANA system.
Core Financial Accounting (FI) Configuration
Managing Organizational Units in Financial Accounting (FI)
0 minutes
Checking the Basic Settings in General Ledger (G/L)
+This module covers the fundamental settings in the General Ledger (G/L) accounting module, including configuring basic settings and understanding the variant principle. Participants learn how to set up and manage accounting parameters and explore the variant principle's role in customizing financial reporting structures within SAP systems.
Accounting
Outlining the Variant Principle
0 minutes
Managing Fiscal Year Variants
+In this module, participants learn to manage fiscal year variants in SAP, including configuring master data and maintaining General Ledger (G/L) accounts. Topics cover setting up fiscal year variants, defining periods, and maintaining G/L accounts to ensure accurate financial reporting aligned with organizational requirements within the SAP system.
Master Data
Maintaining General Ledger (G/L) Accounts
0 minutes
Managing Customer and Vendor Accounts (BP)
+This module focuses on the management of customer and vendor accounts (Business Partners) within the SAP system. Participants learn to handle various aspects such as creating, updating, and monitoring customer and vendor records, along with document control procedures to ensure accuracy and compliance in financial transactions.
Document Control
0 minutes
Configuring the Header and Line Items of Financial Accounting
+In this module, participants configure the header and line items of financial accounting (FI) documents in the SAP system. They learn to set up document structures, define document types, and manage posting periods to ensure accurate and efficient financial transactions and reporting within the organization.
(FI) Documents
Managing Posting Periods
0 minutes
Managing Posting Authorizations
+In this module, participants learn to manage posting authorizations in the SAP system, including posting control, document splitting analysis, default value maintenance, change control configuration, document reversal setup, and payment terms customization. Additionally, they gain proficiency in maintaining taxes and tax codes for accurate financial transactions and compliance adherence.
Posting Control
Analysing Document Splitting
Maintaining Default Values
Configuring Change Control
Configuring Document Reversal
Configuring Payment Terms and Cash Discounts o Maintaining Taxes and Tax Codes
0 minutes
Posting Cross-Company Code Transactions o Financial Document Clearing
+In this module, participants delve into posting cross-company code transactions and financial document clearing processes within SAP. They learn to perform open item clearing tasks and effectively manage payment differences to ensure accurate accounting and financial reconciliation across organizational units, enhancing overall financial management efficiency.
Performing Open Item Clearing
Managing Payment Differences
0 minutes
Additional Financial Accounting Configuration in SAP S/4HANA
+This module explores advanced financial accounting configuration in SAP S/4HANA, covering topics such as automatic payments, dunning, correspondence, special G/L transactions, document parking, substitution, validation, and data archiving. Participants learn to optimize financial processes, ensure regulatory compliance, and enhance overall financial management efficiency within the SAP ecosystem.
Automatic Payments
Dunning
Correspondence
Special G/L transactions
Document Parking in Financial Accounting
Substitution in Financial Accounting
Validation in Financial Accounting
Data Archiving in Financial Accounting
0 minutes
SAP Financial Closing in SAP S/4HANA
+This module delves into financial closing processes within SAP S/4HANA, covering month and year-end closing in Financial Accounting, financial statements, preparatory closing postings, periodic closing activities configuration, technical and organizational tasks, and monitoring using SAP Financial Closing Cockpit. Emphasis is placed on ensuring accuracy, compliance, and efficiency in financial reporting and reconciliation across entities.
Month and year-end closing in Financial Accounting
Financial statements and profit and loss statements
Preparatory closing postings in Logistics and Financial Accounting
Configuration of periodic closing activities in Financial Accounting
Technical and organizational activities and documentary steps
Monitoring closing operations using SAP Financial Closing Cockpit
Inter-Company Reconciliation
0 minutes
Asset Accounting in SAP S/4HANA
+This module covers Asset Accounting in SAP S/4HANA, encompassing Chart of Depreciation/Depreciation Areas, Asset Classes, Asset Master Data, Daily Asset Accounting processes, Depreciation, Period and Year-End Closing, Investment Support, Reporting, and Legacy Data Transfer. It also includes utilizing the Migration Cockpit for seamless data migration and creating new charts of depreciation for ledger approach implementation.
Chart of Depreciation/Depreciation Areas
Asset Classes
Asset Master Data
Daily Asset Accounting Business Processes
Depreciation
Period and Year-End Closing Processes
Investment Support Measures
Reporting
Asset Legacy Data Transfer Use the Migration Cockpit for Legacy Data Transfer
Create a new chart of depreciation for the ledger approach (in SAP S/4HANA)
0 minutes
Profit Center Accounting in SAP S/4HANA
+This module delves into Profit Center Accounting (PCA) in SAP S/4HANA, focusing on Profitability Management, Profit Center Master Data creation, and assignment to Account Assignment Objects. It covers PCA Actual Postings, Data Flow in Financial Accounting, and integration with Materials Management (MM), Cost Object Controlling (COC), and Sales and Distribution (SD). Additionally, it addresses Allocations and Transfer Pricing concepts.
Profitability Management
Profit Center Master Data
Profit Center Accounting (PCA) Actual Postings
Certification of Completion
SAP FICO Consultant Level S/4HANA Certification: Finance, Controlling Mastery.
Aswathy A
VP, Product
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FAQs for SAP FICO Consultant Level S/4HANA Course
Got questions about our SAP FICO Consultant Level course? Get answers to frequently asked topics. Explore your career potential in finance with SAP!
Studying SAP FICO Consultant Level S/4HANA offers learners comprehensive knowledge and practical skills in configuring, managing, and optimizing financial and controlling processes. It prepares them for SAP certification exams, enhances career prospects, and equips them with expertise to excel in roles such as SAP FICO consultants, financial analysts, or controllers.
While prior experience with SAP software is advantageous, it is not always necessary. This course is designed to accommodate learners with varying levels of experience, from beginners to those with some familiarity with SAP. The training will cover fundamental concepts and gradually progress to more advanced topics to ensure all participants can grasp the material effectively.
You will acquire proficiency in configuring SAP's finance and controlling modules, including financial accounting, accounts payable/receivable management, financial reporting, and budgeting. Additionally, you will develop skills in data analysis, problem-solving, and strategic decision-making within the SAP environment.
While prior experience with SAP software is advantageous, it is not always necessary. This course is designed to accommodate learners with varying levels of experience, from beginners to those with some familiarity with SAP. The training will cover fundamental concepts and gradually progress to more advanced topics to ensure all participants can grasp the material effectively.
