SAP FICO Tutorial – SAP FI & SAP CO Training Tutorials

 

SAP FICO Tutorial : Free SAP FI Training

SAP FICO tutorial – Free SAP FI & SAP CO training tutorials, learn how to implement and configure SAP FI (Financial Accounting) and SAP CO (Controlling) module step by step with real time project scenarios and issues. This SAP FICO training tutorials are designed for all beginning and professionals learners that helps to boost your knowledge on SAP FICO module.

SAP FICO stand for Financial Accounting and Controlling, it is one of the important module of SAP R/3 system that handles all the financial activities of an organization. SAP FI module maintains the day to day financial transactions on real time basis and generates the reports for external purpose. SAP CO module is used for organizational internal reporting purpose and provides the information for the management for effective decision making.

SAP FICO module can be integrated with other SAP modules such as sales & distribution module, Human resource management, Production planning, Material Management, Project systems, etc. Posting that are made in these SAP modules with financials implications that replicates the data in FICO module on real time basis.

Important sub modules of SAP FICO:-

The important sub-modules of SAP Financial Accounting (FI) are

• General Ledger Accounting : – SAP FI-G/L records all the transactions that posted in SAP and display the real-time status of the financial accounts of an organization.
• Accounts Payable: – It is a sub ledger accounting that records all the business transactions of vendor purchase activities and generate automatic postings in general ledger accounting
• Accounts Receivable: – It is a sub ledger accounting that records all the accounts of customer’s sales activities and generates automatic postings in G/L accounting.
• Bank Accounting: – It controls and manages all the activities of bank transactions of an organization
• Asset Accounting: – SAP FI AA sub-module manages and records the assets of an organization.

The important sub-modules of SAP Controlling (CO) are

1. Cost Element Accounting:  – In Controlling, all the costs and revenues are represented through cost elements. All the cost elements specifies the nature of expenditure and income. The different types of cost elements are Primary cost elements and Secondary cost elements.
2. Cost Center Accounting: – It provides the information of costs that are incurred in the organization.
3. Internal Order Accounting: – It tracks the costs of a specific job, service or a task. Internal order are used as a method to collect those costs and business transactions that are related to task.
4. Profit Center Accounting: – Profit center manages and controls the organizations profits and losses.
5. Product Cost Controlling: – Product cost enables the management to analysis the product costs and enables to take effective decisions on prices to make the products.

SAP FICO Organizational Structure

The important organizational elements of SAP FICO are

Operating Concern: – It is highest level of organizational unit for both SAP FI & CO module, where you can general profitability reports.

Company: -The creation of company in SAP is optional, it is only required to consolidate two or more company codes data at country level or segment level.

Company Code: – The creation of company code in SAP is mandatory, at least one company code to be implemented in SAP. It is a legal entity of organizational element and you can general financial statements for reporting.

Credit Control Area: – It is a mandatory organization unit of credit management module as it controls the credit limit for the customers at time of sales order process.

What do you learn from this SAP FICO tutorial?

• Step by step SAP FICO module implementation process with screen shots.
• Real time FI & CO module issues and scenarios with examples & solutions.
• Interview questions with answers
• Certification guide
• SAP end users guide with practice materials.

SAP FICO training Syllabus

Refer  SAP FI & CO tutorials step by step as per syllabus wise, so it helps you to learn SAP FICO module in an easy method.