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    Course Details

    SAP is the world leader in Enterprise Resource Planning (ERP) software; of the software modules, the FI (Finance) and CO (Controlling) are by far the most popular and are widely implemented. SAP FICO stands for FI (Financial Accounting) and CO (Controlling).

    SAP FICO  Training Overview

    In our training, you will learn how to configure and implement SAP’s FI and CO modules to maximize functionality and features hands-on, step-by-step instructions and real-world examples that provide immediate and practical solutions. Starting from basic Organisational structure to Account receivables and account payables, Investment and treasure management concepts, Cost element accounting and profit center group and many more concepts are covered.

    SAP FICO Training Curriculum

    Start your SAP FICO training with a proper introduction to ERP and then move to SAP R/3 technology.

    Introduction to ERP
    Advantages of SAP over other ERP Packages
    Introduction to SAP R/3 FICO
    Introduction to G/L (NEW G/L)
    A/R, A/P and AA
    Introduction to Banking and Treasury Management
    Introduction to CEA
    CCA, EC-PCA, CO-PA and PC

    This module works on all the basic financial settings required.

    Set Countries and Currencies
    Create Calendar
    Creation and assignment of company and company code
    Creation of business area
    Creating Leading, Non- Leading and Rep Ledger
    Defining and assignment of fiscal year variant
    Defining and assignment of posting period variant
    Defining open and closing posting periods, Defining document type & number ranges
    Define Posting Keys and Maintenance and assignment of field status variants
    Defining and assignment of tolerance groups of employees
    Taxes on Sales & Purchases (input & output)
    Creation of chart of Accounts
    Defining Account Groups and Defining Retained Earnings Account
    Defining tolerance groups for G/I accounts

    This module gives a review of General ledgers, its settings and configurations.

    Creation of General Ledger Master (with and without reference)
    LSMW – Legacy System Migration Workbench (Idoc, Batch input, Bapi)
    BDC -Batch Data Communication
    Display/Change/Block/Unblock of general ledger master
    Creation of Account assignment model and posting
    Defining Recurring entry document
    Run Schedule, Run Dates and posting
    Creation of Sample Document and posting
    Validations and Substitutions and Cross Company Codes
    Parallel Currencies (Various Methods)
    Defining Exchange Rate types and Translation ratios
    Define Exchange rates & posting of foreign currency transactions
    Interest Configuration (Balance Interest)
    Configuration of line layouts for display of GL line items
    Create Screen Layouts

    This section aims at entry postings, display of line items and GL balances and much more.

    Document Entry posting, normal postings, posting with reference
    Display and change of documents
    Display of GL balances and Line items
    Parked documents & hold documents
    Reversal of individual documents
    Mass reversal
    Reversal of cleared items and reversal of accrual and deferral documents

    Learn what is House bank, calculation of interest, cash transaction effects and entries and much more in this module of training.

    House Bank
    Bank account interest calculation
    Cash Journal
    Validations For Cash Journal
    Substitutions for Cash Journal
    Lockbox Principles
    Bank Reconciliation Statements: Automatic Bank Reconciliation
    Manual Bank Reconciliation

    This module of training, educates you over cheque transactions, management and entries.

    Individual check payment
    Manual check payment
    Check registrar
    Check encashment

    Learn loan management and much more in this module.

    Individual check payment
    Manual check payment
    Check registrar
    Check encashment

    Working with account receivable in this module of training.

    Creation of customer account groups and assignment of number ranges
    LSMW – Legacy System Migration Workbench (Idoc, Batch input, Bapi)
    Creation of tolerance group for customers
    Creation of customer master (display/change/block/unblock of vender master)
    Item Interest Configuration
    Down Payment Receive
    Bills Receivable (In depth)
    Customer Terms
    Customer Discounts (In depth)
    Reserve for Bad-debts
    Risk Management (In depth)
    Credit Control Area (In depth)
    Fund Management (In depth)
    Configuration of settings for Dunning
    Automatic Clearing

    Train over the user exits in this module.


    Learn the basic settings and configurations for bad debts in this module of training.

    Basic Settings
    Master Data

    This is an important section of training, focussing over accounts payables.

    Creation of vendor account groups and assignment of number ranges
    LSMW – Legacy System Migration Workbench
    Creation of vendor master (display/change/block/unblock of vender master)
    Creation of tolerance group for venders
    Item Interest Configuration
    Down Payment paid, Bills payable (In depth)
    Terms of Payment
    Vendor Discounts (In depth)
    Creation of house banks and account ids
    Creation of check lots and maintenance of check register
    Configuration of Automatic payment program
    Defining correspondence & party statement of accounts
    Automatic Clearing

    This module focusses over application of Taxes, prevailing and applicable taxes.

    Input Tax
    Output Tax
    Excise Tax
    Withholding Tax
    Global Taxes

    Learn concepts like partial payment and residual payment, vendor transactions and much more in this module.

    Posting of customer transactions (sales invoice posting, payment posting, debit memo)
    Settings for advance payment from parties (down payment)
    Defining correspondence & party statement of accounts
    Posting of vendor transactions (invoice posting, payment posting, credit memo)
    Settings for advance payments to parties (down payment) and clearing of down payment against invoices (special GL transactions)
    Posting of partial Payment & Residual Payment
    Payment to vendors through APP
    Asset under Construction

    How is data migration done, purpose and the best practices are discussed in this module.

    LSMW – Legacy System Migration Workbench
    BDC – Batch Data Communication
    ALE – Application Link Enabling
    EDI – Electronic Data Interchange
    IDOCS – Intermediate Document

    Learn in detail about Asset accounting, its screen layout, need, functions and much more in this module.

    Defining chart of depreciation
    Defining account determination
    Screen layout
    Number ranges and asset classes
    Integration with General Ledger & Posting rules
    Creation of asset master and sub asset master (change/display/block/unblock)
    Defining Depreciation key (base, declining, multilevel, period control methods)
    Acquisition or purchase of assets
    Sale of assets
    Scrapping of assets
    Transfer of assets
    Post Capitalization and write up
    Depreciation run
    Line Settle of assets under construction of capital work in progress

    Testing all asset related posting to be performed, in this section of SAP FICO training.

    Asset Purchase Posting
    Sale of Asset
    Transfer of Asset
    Scrapping of Asset

    Working with transactions occurring in G/L, A/P, A/R, in this module of online training.

    Cross company codes transactions in G/L
    Cross company codes transactions in A/R
    Cross company codes transactions in A/P
    Cross company codes transactions in ASSET ACCOUNTING
    Cancellation cross company codes transactions

    This module demonstrates the integration of SAP FICO with SAP MM.

    Movement types
    Valuation class
    Valuation area and Process key
    Valuation grouping
    Material types
    Define plant
    Define division
    Maintain storage location
    Maintain purchasing organization
    Assign plant to company code
    Assign business area to plant/valuation area and division
    Assign purchasing organization to company code
    Creation of material group, Maintain company code for material management
    Define attributes of material types
    Set tolerance group for purchase orders
    Set tolerance limit group for goods receipt
    Plant parameters, Maintain default values for tax codes
    Set tolerance limits for goods receipt
    Plant parameters, Maintain default values for tax codes
    Set tolerance limits for invoice verification
    Define automatic status change
    Group together valuation areas
    Configure automatic posting
    Document type & number ranges
    Material master creation
    To open material periods

    After integration with MM, this module focusses over cross checking the effectiveness and extent of integration.

    Purchase order creation
    Goods receipts
    Invoices verification
    Goods issue for consumption
    Display material ledger
    Display material document

    This module focusses over integration of FICO with SD.

    Define sales organization
    Define distribution channel
    Define shipping point
    Assign sales organization to company code
    Assign distribution channel to sales organization
    Assign division to sales organization
    Setup sales area
    Assign sales organization & distribution channel plant
    Define rules by sales area, Assign shipping point to plant
    Define pricing procedure determination
    Define tax determination rules
    Assignment of accounts for automatic postings
    Setup partner determination
    Assign shipping points
    Creation of condition types

    Demonstrate the Sales order hierarchy and its architecture.

    Sales order creation
    Billing document

    Learn all about screen variants in this section.

    Transport Request’s

    Train over how to create users and provide designation level access in this module.

    Create users
    Role Authorizations
    Assign Tolerance to Users
    Create and Assign Validations to Users
    Create and Assign Substitutions to Users

    After defining controlling areas, there are many more divisions and sub- divisions. Learn them in detail over here.

    Define credit controlling areas
    Decentralized credit management
    Central credit management
    Credit controlling are currency central organization
    Assigning credit controlling are company codes
    Assigning customer credit controlling
    Creating credit data
    Resetting credit limit
    Postings without credit limit checks
    Automatic credit control

    Look into how FICO is dependent and integrated into SAP HR,  in this module.

    Define symbolic accounts
    Defining wages types
    Mapping wages types to symbolic Accounts
    Mapping symbolic accounts to G/L Accounts
    Payroll posting with amount changes
    Reverse posting
    Check completeness
    Utilizing the payment program

    This module focusses over inventory takeover, other GL takeovers and much more..

    Inventory Takeover
    Receivable Takeover
    Payable Takeover
    Asset Takeover
    Other GL Takeover

    The purpose of this phase is to prepare the SAP Business One system and the client organization for production to go-live. Learn the key activities performed in this phase.

    Define Financial Statement Version
    Balance carry forward Balances
    Month ending Activities
    Structure of Account Balances
    FI- CO Tables

    This module of will give an overview of how to generate reports .

    Financial statement version
    General Ledger
    Accounts Payable
    Accounts Receivable and Assets Reports

    This module will start with the basic configurations needed for CO controlling module of SAP FICO.

    Maintain Controlling Area
    Activate control indicators/ components
    Defining Number ranges for Controlling Area
    Maintain Planning Versions

    Trains you over the primary and secondary cost elements in this module.

    Creation of Primary and Secondary Cost Elements
    Creation of Cost Element Groups
    Primary cost element categories and Secondary cost element categories

    Cost center accounting is an important concept in SAP FICO online training.

    Defining Cost Center Standard Hierarchy
    Creation of Cost Centers and cost center groups
    Planning for cost center
    Posting to cost centers
    Repost of Costs, Overhead Calculation
    Creation and Execution of Distribution Cycle
    Creation and execution of assessment cycles
    Cost center reports

    This module aims at teaching statistical internal order, order types, posting and much more.

    Statistical Internal Order
    Real Internal Order
    Defining order types
    Creation of internal orders
    Planning of internal orders
    Postings to internal order
    Report of Variance analysis

    What is automatic assignment of revenue elements, how to maintain profit centers and much more in this module.

    Basic Settings for Profit Center Accounting
    Creation of Dummy Profit Centers
    Maintaining versions for profit centers
    Creation of profit centers and profit center groups
    Creation of revenue cost element
    Automatic Assignment of Revenue elements for Profit Centers
    Postings to profit centers
    Planning and variance reporting

    Train yourself on budget, its control, cash flow and much more in this module.

    Grant’s management
    Commitment Management
    Budgetary Control
    Curriculum_moduleCash Flow
    Direct Method
    Indirect Method

    Defining Cost Component structure, it’s configuration will be demonstrated in this module.

    Define Cost Sheet, Define cost component structure
    Define MRP controller
    Define production controller
    Create bill of material
    Creation of work centre
    Creation of routing
    Creation of cost estimate with quality structure

    Learn the components of Profit analysis in this module of training.

    Defining the operating concern
    Define profitability segment characteristics
    Activating the profitability analysis
    Creation of data structures
    Follow of actual values
    Creation of reports
    Execution of reports
    Define forms

    This section aims at letting students acquainted with real time hicupps of SAP FICO configuration.

    SAP Methodology, LSMW – Legacy System Migration Workbench (Batch Input, IDOC, BAPI)
    Data Migration, LSMW, BDC, ALE/EDI and IDOCS
    BDC -Backup Domain Controller
    Controlling (In depth)
    SAP Query
    Transport Request Creation and Release


    Our trainers have relevant experience in implementing real-time solutions on different queries related to different topics. Mindmajix verifies their technical background and expertise.

    We record each LIVE class session you undergo through and we will share the recordings of each session/class.

    Trainer will provide the Environment/Server Access to the students and we ensure practical real-time experience and training by providing all the utilities required for the in-depth understanding of the course.

    If you are enrolled in classes and/or have paid fees, but want to cancel the registration for certain reason, it can be attained within 48 hours of initial registration. Please make a note that refunds will be processed within 30 days of prior request.

    The Training itself is Real-time Project Oriented.

    Yes. All the training sessions are LIVE Online Streaming using either through WebEx or GoToMeeting, thus promoting one-on-one trainer student Interaction.

    There are some Group discounts available if the participants are more than 2.

    As we are one of the leading providers of Online training, We have customers from USA, UK, Canada, Australia, UAE, Qatar, NZ, Singapore, Malaysia, India and other parts of the world. We are located in USA. Offering Online Training in Cities like

    Minneapolis, Melbourne, Jacksonville, Davidson, Murfreesboro, Auckland, Carlsbad,  San Marcos, Tacoma, Bellevue, Garland, Raleigh-Cary, Fort Lauderdale, Miami, Toronto, Wellington, Gilbert, Tempe, Alexandria, Chandler, Scottsdale, Peoria, Honolulu, Raleigh, Nashville, Plano, Montreal, Calgary, Edmonton, Saint John, Vancouver, Richmond, Mississauga, Saskatoon, Kingston, Kelowna, Hyderabad, Bangalore, Pune, Mumbai, Delhi, Dubai, Doha, Brisbane, Perth etc…


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