Course Includes

Live Training

30 Hrs of Sessions

Lab Sessions

25 Hrs of Labs

Two Real-time Use cases

Real-time Use cases

24/7 Lifetime Support

24/7 Lifetime Support

Certification Assistance

Certification Based Curriculum

Flexible Schedule

Flexible Schedules

One-on-onedoubtclearing

One-on-one doubt clearing

Careerpathguidance

Career path guidance

JobSupport

Job Support

Live Training

30 Hrs of Sessions

Lab Sessions

25 Hrs of Labs

Two Real-time Use cases

Real-time Use cases

24/7 Lifetime Support

24/7 Lifetime Support

Certification Assistance

Certification Based Curriculum

Flexible Schedule

Flexible Schedules

One-on-onedoubtclearing

One-on-one doubt clearing

Careerpathguidance

Career path guidance

JobSupport

Job Support

free

Add-ons

Most of the SAP FICO Course Jobs in the industry expect the following add-on skills. Hence, we offer these skills-set as FREE Courses (Basics) to ease your learning process and help you stay ahead of the competition.

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About SAP FICO Course In Hyderabad

MindMajix offers top-notch SAP FICO Training in Hyderabad, providing learners with a comprehensive understanding of finance and controlling processes in the SAP ecosystem. Our training program is designed to cater to the needs of both beginners and experienced professionals. With the guidance of industry experts and certified trainers, participants gain hands-on experience in configuring financial master data, setting up general ledger accounting, managing accounts payable and receivable, and utilizing controlling functionalities.

Throughout the training, ample opportunities for intensive practical exercises allow learners to apply theoretical concepts in a simulated SAP environment. This training experience enables the development of the necessary skills and confidence to tackle real-world challenges using SAP FICO. Upon completion, participants will be well-prepared to pursue the SAP FICO certification exam. 

 

SAP FICO Training
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Course Coverage

SAP FICO Training In Hyderabad Course Content

The SAP FICO course begins with an introduction, followed by in-depth modules. Participants will gain knowledge in various areas, including cost center accounting, financial statement version, year-end closing, profit center accounting, internal orders, product costing, and integrating SAP FICO with othe...Read more

FINANCE

Module1: Overview of SAP R/3

  • Overview of ERP
  • Advantages of SAP over other ERP Packages
  • Overview of SAP R/3 FICO
  • Multi-client and Landscape concept
  • Transport request creation, status, modification, types, transport, release
  • Different types of messages
  • Differentiate R/1, R/2, and R/3
  • 4 C’s

Module2: Basic Settings of Financial Accounting

  • Definition of Company Code and Company
  • Assigning Company to the Company Code
  • Business Area Definition
  • Defining the Chart of Accounts
  • Assigning the Chart of Accounts to the Company Code
  • Defining the account groups
  • Defining the Retained Accounts Group
  • Defining the Fiscal Year Account and shortened the fiscal year
  • Assign Fiscal Year Variant to the company code
  • Defining the Field Status Variants
  • Assigning the Field Status Variant to the company code
  • Defining the tolerance groups for the GL Accounts
  • Defining the tolerance groups for the employees
  • Assigning tolerance groups to the users
  • Defining the document type and post-period variant
  • Assigning the post-period variant to the company code
  • Open or Close the Posting Period Variant
  • Global Parameters
  •  Organization structure in the EC01
  • Sort key configuration in OB16

Module3: General Ledger Accounting

  • Creating the General Ledger Master FS00/FSP0/FSS0
  • Displaying, changing, Blocking, and Unblocking the general ledger master
  • Document Entry Posting and Posting with the Reference
  • Displaying and Changing the Documents
  • Editable Fields
  • Displaying the GL balances report
  • Displaying the GL account line items report
  • Parked and Hold Documents
  • Creating the Sample Document and Postings with the sample documents
  • Managing the prepaid expenses with the recurring Documents
  • Modifying the Line Layouts for displaying the GL variant creation, line items, and dynamic selections
  • Reversing the individual documents, reversal of the cleared items, mass reversal, and reversal of the accrual documents
  • Deferral and Accural Documents
  • Defining the exchange rate types and translation
  • Open Item Management Types of Clearing - Standard, Residual, and Partial
  • Account clearing F-03 and posting with the clearing F-0N differences with the GL tolerances OBXZ
  • GL open item and cleared item tables, master and transaction data tables
  • Interest calculations on term loans
  • Foreign Currency Revaluation for the open items and balances FAGL_FC_VAL, Posting the Realized gains or losses on the open items
  • Account Assignment Model FKMT
  • Mass Modifications in the line item Report
  • Kinds of chart of accounts and Reporting F01
  • Options from the selection parameter screen and editing options

Module4: Accounts Payable

  • Creating vendor account groups
  • Creating number ranges for the vendor account groups
  • Assigning the number ranges to the vendor account groups
  • Creating a tolerance group for the vendors
  • Creating vendor master XK01/FK01/MK01, sensitive fields in the master data and confirming FK08
  • Posting of the vendor transactions, Account clearing, and posting with the clearing on the vendor
  • Settings for the advance payments to the parties(down payment) and clearing of the down payment against the invoices(special GL transactions)
  • Vendor tolerances gain or loss postings OBXL
  • Creating payment terms and cash discounts with the installments
  • Automatic payment program configuration with the SEPA format
  • Bank master data and house banks
  • Executing F110 - main bank from F110 and bank clearing account posting from the F110 and the related tables.
  • Creating DME files in the XML and txt format and DME structure in the GDFF and DMEE file with AL11 path
  • Generating Payment advice, Payment advice by email, and generating payment summary
  • Reversal of the payment documents
  • Vendor Clearing - Standard, Residual, and Partial
  • Check payment methods and create the checks manually F-58 and automatically and printing
  •  Creating check lots and maintaining the check register
  • Check encashment dates
  • Canceling unissued and issued checks
  • Creating the void reasons
  • Cancel the payment and delete for the payment run
  • Deleting the voided checks and manual checks
  • Intercompany payments and trading partner - manual and automatic
  • Tables and Reports in AP and APP
  • ACH or Direct Debit
  • Payment order
  • Revaluating Foreign Currency on the vendor and the differences between unrealized and realized gain or loss
  • Different payment methods to the vendors, like docs

Module5: Accounts Receivable

  • Creating Customer Account Groups
  • Creating Number Ranges for the customer master records
  • Assigning number ranges for the customer account groups
  • Creating a tolerance group for the customers
  • Creating the customer master VD01/XD01/FD01 
  • Posting of the customer transactions, Account Clearing, and Posting with the clearing
  • Settings for the advance payment from the parties
  • Configuration Settings for the dunning and dunning letters emailed to the customers
  • Cash discounts
  • APP configuration for the customers
  • Customer Clearing - Standard, Partial, and Residual
  • Transaction Tables and Master Data
  • Customer Tolerances - OBXL
  • Customer line item interest calculation
  • Invoice or statement printing/correspondence - FB12 and F64

Module6: Bank Accounting

  • Electronic Bank Statement(EBS): Execution and Configuring MT940 with the main bank and the alternative bank account
  • EBS - Bank interest, Bank charges, and tax code posting with the search string
  • Auto Lockbox: Execution and Configuration
  • Cash journal
  • SAP query

Module7: Data Migration

  • LSMW(vendor, customer, Asset, and GL master data)
  • BDC(transaction data)

Module8: Asset Accounting

  • Defining the chart of the depreciation
  • Creating 0% tax codes for the sales and purchasing
  • Assigning the chart depreciation to the company code
  • Defining the account determination
  • Defining the Screen layout rules
  • Defining the number ranges for the asset classes
  • Integrating with General Ledger & Posting Rules
  • Defining the Depreciation Key
  • Defining the Multilevel Methods
  • Defining Period Control Methods
  • Creating primary and sub asset master records
  • Acquisting and Saling fixed assets
  • Transferring and Scrapping of Assets
  • Depreciation Run
  • Line Item Settlement of the assets while capital work construction in progress
  • Year-end activities
  • Asset Mass Changes
  • Reports and Tables
  • Asset Explorer, Asset Documents, and Asset History Report
  • Asset Revaluation or Impairment
  • Transaction Data and Master Data Tables
  • Manual Depreciation
  • Missed Depreciation or Unplanned Depreciation
  • Asset Shutdown
  • Asset Evaluation Groups
  • Depreciation with the repeat run

Module9: New General Ledger Accounting

  • Document Splitting
  • Parallel Ledgers

Module10: Reports

  • Financial Statement Version(FSV)

CONTROLLING

Module1: Fundamental settings for the Controlling

  • What is Controlling Area?
  • Defining Number ranges for the controlling area
  • Maintaining the Planning Versions

Module2: Cost Element Accounting

  • Creating Primary Cost Elements from the FI and CO
  • Manual and Automatic Creation of the Cost Elements
  • Displaying the cost element master records
  • Change cost element master records
  • Primary cost element categories
  • Secondary cost element categories
  • Default account Assignments

Module3: Cost Center Accounting

  • Creating Cost Centers and cost centers groups
  • Displaying and Changing the cost center master records
  • Creating center master groups
  • Actual posting to the cost centers
  • Reposting of the co-line items
  • Cost center hierarchy
  • Planning for the cost centers
  • Actual and variance reports

Module4: Period-End Activities

  • Statistical Key Figure
  • Creating and Executing the Distribution Cycle with or without SKF
  • Creating and Executing the Assessment cycles with or without SKF
  • Creating and Executing the Actual periodic reposting

Module5: Internal Orders

  • Defining the Order types
  • Creating internal order master records
  • Displaying and Changing the internal order master records
  • Postings to the internal orders
  • Planning for the internal orders
  • Reposting the co-line items for the internal orders
  • Reposting of the costs for the internal orders
  • Report of Variance Analysis for the internal orders
  • Creating the internet rate orders
  • Posting of the business transactions to the real orders
  • Defining the Allocation Structures and Settlement Profiles
  • Definition of the planning profiles
  • Settlement of the real internal orders
  • Availability Control and Budgeting
  • Maintaining the number ranges for the budgeting
  • Defining the tolerances for the availability control
  • Budget Manager
  • SAP Business Workplace

Module6: Profit Centre Accounting

  • Fundamental Settings for the Profit Centre Accounting
  • Creating Dummy Profot Centre
  • Maintaining Control Parameters for the actual postings
  • Maintaining planning versions for the profit centers
  • Maintaining the number ranges for the profit center documents
  • Creating and Displaying the profit center master records
  • Changing the profit center master records
  • Creating Revenue Cost Elements
  • Assigning Revenue Elements for the Profit Centers Automatically
  • Assigning the profit centers in the cost center master records
  • Creating the account groups in the profit center accounting for the planning
  • Planning for the profit and loss account items
  • Planning for the balance sheet items
  • Posting of the transactions into the profit centers
  • Creating the variance reports for the profit and loss account items
  • Creating the variance reports for the balance sheet items

Module7: Profitability Analysis

  • Maintaining Considerations
  • Defining the profitability segment characteristics
  • Assigning the Controlling area to the operating considerations
  • Activating Profitability Analysis
  • Defining the  number ranges for the actual postings
  • Mapping the SD conditions kinds of COPA value fields
  • Report Painter - Creating and Executing Reports in the CoPA with the sales, CoGS, and Freight, and Discount value fields
  • CoPA document generation from FI
  • PA Transfer Structure
  • CoPA Assessment

PRODUCT COSTING

Module1: Product Cost Planning

  • Creating Bill Materials
  • Creating activity-type master records
  • Planning for the activity hours
  • Activity type price calculation
  • Creating work center master records
  • Creating routings
  • Defining the cost sheet(overhead structures)
  • Assigning the cost sheet to the costing variant
  • Creating the cost estimate with the quantity structure
  • Marking
  • Releasing and Pricing the change document
  • Creating cost estimates with and without quantity structure
  • Cost estimation for the multiple materials
  • Cost estimate reorganization
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Hands-on SAP FICO Projects & Assignments

Our SAP FICO Training course aims to deliver quality training that covers solid fundamental knowledge on core concepts with a practical approach. Such exposure to the current industry use-cases and scenarios will help learners scale up their skills and perform real-time projects with the best practices.

    For Corporates

    Empower your team with new skills to Enhance their performance and productivity.

    Corporate Training

    • Customized course curriculum as per your team’s specific needs
    • Training delivery through self-Paced videos, live Instructor-led training through online, on-premise at Mindmajix or your office facility
    • Resources such as slides, demos, exercises, and answer keys included
    • Complete guidance on obtaining certification
    • Complete practical demonstration and discussions on industry use cases

    Served 130+ Corporates

    Corporate Clients

    SAP FICO Certification

    Shall I appear for SAP FICO certification exam after completion of SAP FICO course?

    Our SAP FICO course covers all the topics that are required to clear SAP FICO certification. Trainer will share SAP FICO certification guide, SAP FICO certification sample questions, SAP FICO certification practice questions.

    Yes, you will typically receive a certificate of completion upon completing SAP FICO Training. This certificate validates your successful completion of the training program and demonstrates your commitment to gaining expertise in SAP FICO.

    The SAP FICO certification exam typically consists of 80 multiple-choice questions that assess your knowledge and understanding of various SAP FICO topics. The exact format and duration of the exam may vary depending on the specific certification level.

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    User Testimonials

    4500 +

    Course Reviews

    4.6

    Average Rating

    98 %

    Satisfied Learners

    Interactive and Intelligent trainer handled the SAP FICO course. He is probably the best we have in this domain. He helped me to learn ...

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    Job Assistance Program

    We take pride in being part of 5 lakh plus career transitions worldwide

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    Job Support Program

    Online Work Support for your on-job roles.

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    Our work-support plans provide precise options as per your project tasks. Whether you are a newbie or an experienced professional seeking assistance in completing project tasks, we are here with the following plans to meet your custom needs:

    • Pay Per Hour
    • Pay Per Week
    • Monthly

    Career Transition

    Many professionals transformed careers with better pay and higher positions.

    76% of learners got 5x hike

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    68% of learners got promoted

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    83% of learners got certified

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    Senior Engineer to Network Engineer

    Arka Basak is now working for Conentrix as a Network Engineer, who took VAPT Training from MindMajix while he was working for CSS Corp as a Senior Engineer. 

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    SAP FICO Training Objectives

    How to enroll for Mindmajix’s SAP FICO training in Hyderabad?

    To enroll for SAP Fico training, follow the steps below:

    1. Visit Mindmajix's official website.
    2. Navigate to the training section or search for SAP FICO training.
    3. Find the SAP FICO training course for Hyderabad.
    4. Review the course details, curriculum, and schedule.
    5. Click on the "Enroll Now" or "Register" button.
    6. Fill out the enrollment form with your details.
    7. Choose your preferred batch and payment option.
    8. Complete the payment process to secure your enrollment.
    9. Follow the instructions to access the training materials and join the training sessions.

    Yes, SAP FICO Training can help you switch your career to finance and controlling. The training covers topics such as financial accounting, management accounting, and controlling functionalities, providing you with a strong foundation in these areas.

    In SAP FICO training in Hyderabad, you can expect to learn the following skills

    • Testing, Researching, and Configuration skills.
    • Business Support – providing them with solutions passionately.
    • Familiarity with the business processes.
    • Management & Financial Accounting knowledge.

    SAP FICO Training is designed to be applicable to multiple versions of SAP. It focuses on core concepts and functionalities that remain consistent across different versions, ensuring that the training prepares participants to work with various SAP FICO implementations.

    Some of the SAP FICO job roles you can consider include:

    • SAP FICO Consultant
    • Financial Analyst
    • Finance Manager
    • Cost Accountant
    • Financial Controller
    • Accounts Payable/Receivable Specialist
    • SAP Functional Consultant
    • Business Analyst (Finance)
    • Treasury Analyst
    • SAP FICO Project Manager
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    SAP FICO Training FAQs

    What is SAP FICO?

    SAP FICO stands for Financial Accounting and Controlling, which is a module in the SAP ERP system used for managing financial transactions, reporting, and controlling activities within an organization.

    Yes, SAP FICO integrates with various SAP modules like Materials Management (MM), Sales and Distribution (SD), Production Planning (PP), and more, enabling participants to understand end-to-end business processes.

    No, SAP FICO and HANA are not the same. SAP FICO refers to the Financial Accounting and Controlling module of SAP ERP. At the same time, SAP HANA is an in-memory database and platform for processing large volumes of data in real-time.

    No, SAP FICO is not outdated. It continues to be a crucial module in SAP's suite of ERP solutions, widely used by organizations worldwide. SAP regularly updates and enhances its ERP offerings, including the FICO module, to meet the evolving needs of businesses.

    Yes, SAP FICO is in high demand as it plays a critical role in financial management and reporting for businesses, making professionals with SAP FICO skills highly sought after in the job market.

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