SAP FICO Certification Training

SAP FICO Certification Training

SAP FICO, SAP FI (Financials) monitors company financials while CO (Controlling) delivers cost accounting. SAP FI is used to store the financial data of an organization and also helps to analyse the financial conditions of a company in the market whereas SAP CO supports coordination, monitoring, and optimization of all the process in the organization. Our training program focuses on core accounting and reporting concepts like financial controlling – credit control, maintain fiscal year variant and tax code, assign the company code to a chart of accounts etc.

All Courses Idea

For Instructor-led live online training program, each session will be approximately 2-3 hrs as per schedule. We offer weekdays or weekend schedules. You have the flexibility to watch the class recording (which is posted on LMS) if you miss any class. For Self-paced video training program, you will be provided recorded videos for all topics covered.

Assistance/installation guides for setting up the required environment for Assignments / Projects is provided. Online access to quizzes with auto evaluation.

At the end, you’ll work on a Real-life Project based Case study on any of the selected Use cases. Problem statement and Data sets will be provided.

You get 6 months access to the Learning Management System (LMS). Apart from the class recordings all installation guides, class presentations, sample codes, project documents are available in the LMS. Course and Study materials access is provided for Lifetime which are also downloadable.

We have 24×7 online support team available for help with technical queries you may have during the course. All the queries are tracked as tickets and you get a guaranteed response. If required, the support team can also provide you Live support by accessing your machine remotely.

Certification assistance provided with proper guidance and certification dumps.

JobsAtekUS works with multiple consulting/staffing companies in US. Dedicated Resume and Interview assistance is provided by our experts after you successfully complete the training and project/case study. We or our sister consulting companies donӴ charge any extra fees for this service.

Course Description

SAP is one of the biggest players in the enterprise software application industry which is aimed at superior enterprise resource planning. SAP is the abbreviation for Systems, Applications, and Products in Data Processing. SAP Finance and Controlling (FICO) is one of the most broadly used SAP modules. SAP FICO module includes SAP FICO configuration, SAP CO configuration, SAP FI user and SAP CO user. Taking up a SAP FICO certification is the first step towards beginning a career as a SAP FICO consultant. The different parts of the SAP FI and SAP CO modules are essential to building the skill sets of a SAP FICO consultant or professional.

Course Objective

After the completion of SAP FICO course, you will be able to:

1. Learn the basic concepts and fundamentals of Finance and Controlling modules 
2.Learn about General Ledger, Accounts Payable, Bank Accounting and Funds Management and its application in finance analysis 
3. Learn about Business Process and how FICO Module work in R/3 
4.Apply Implementation Training and Integration with other Modules that use functions and cleanse lists to map, move, and cleanse data between the landing and the staging table. 
5. Apply Real-time Training with End to End Implementation Process.

Pre-requisites

1.Candidates do not require any specific requirements to take up this course except a basic background in information technology. 
2.We provide FREE Finance Domain Materialsif you want to Learn Basics of Finance and Accounting.

Did you Know

SAP FICO enables enterprises to keep track of every financial transaction and aids in finance reporting at the end of fiscal year. 
2. It has been established by research that SAP customers help 800 million consumers live safer and healthier lives. 
3.I SAP’s customers manufacture more than 77,000 automobiles per day as found by leading statistical organizations. 
4. Another impressive statistic is that SAP’s customers produce 65% of the world’s televisions. 
5.Also well known as an empirical fact is that SAP customers produce more than 52% of the world’s movies.

Why learn and get certified in SAP FICO?

1.SAP FICO offers highly advanced means of financial transaction reporting and also better handling of accounts. 
2.Banks, tax authorities, managers, administrators, and stockholders utilize external reports generated with the help of SAP FICO according to specific requirements. 
3.SAP FI is responsible for consolidating diverse modules and creating a single system for the entire organization. 
4.To Sum it up, SAP FI obtains data for external reporting procedures while its SAP Controlling Module (CO) lays stress on data for internal users.

Who should attend this Training?

This certification is highly suitable for a broad range of professionals either aspiring to, or already are in the IT and Finance domain, such as: 
1.Analytics professionals, professionals desirous of excelling in the fields of accounting and finance 
2.Data analysts 
3.Project managers 
4. Data scientists 
5. Professionals aspiring for a career in growing and demanding fields of real-time big data analytics

Prepare for Certification!

Our training and certification program gives you a solid understanding of the key topics covered by Foundation and Advanced Level Certification exams. This is aimed at students who have recently completed, and experienced professionals to enhance their practical knowledge in SAP FICO modules. In addition to boosting your income potential, getting certified, demonstrates your knowledge and the skills, understanding of the fundamentals of SAP FICO along with processes, tools, techniques, and management methodology. The certification validates your ability to produce reliable, high-quality results with increased efficiency and consistency.

How will I perform the practical sessions in Online Training?

For online training, CoursesIT provides a virtual environment that helps in accessing each other’s system. The complete course material in pdf format, reference materials, course code is provided to trainees. CoursesIT conductes online sessions through any of the available requirements like Skype, WebEx, GOTOMeeting, Webinar, etc.

Case-Studies #1

Implementing Company’s software in co ordination with SAP FICO:

In this Case study FICO had been using a simple in-house license manager to protect new installations of the FICO score, but as new implementations quickly spread around the world, they decided they needed a more sophisticated system for managing the licenses they sold worldwide. A major challenge with the product installations was that the typical end-customer has no direct Internet connectivity from the systems where the application is running, and IT resources were limited due to a full workload and other high priority projects. Implementing Company’s software into the FICO score software provided a relatively straightforward process requiring a minimal time commitment from IT, a secure licensing procedure and a periodic process for transferring data back to FICO in a quick and easy fashion for analysis.

Tasks
  • 1.Creation of Company’s General Ledger.
  • 2. Creation of Company’s 3 Sub-ledger – Accounts Payable, Accounts Receivable and Asset Accounting.
  • 3. Creating of Company’s Controlling module.
  • 4. The rapid development of intranet may provide an innovative tool for construction and design teams in meeting these growing communication challenges.
  • 5. A project specific intranet uses a database server to store e-mail information and the organizational information such as user’s details including the personal information and information requests.
  • 6. Then team members can access this information using the Ezee Mail System. As information changes, the server content can be easily updated with new or revised data.
  • 7. This flexible approach allows geographically remote project teams to access timely, consistent and accurate information without expensive typesetting, printing, distribution and mailing charges.
Technologies Used
  • 1. Client side: HTML5, CSS3, JavaScript
  • 2. Server side: Servlets, JSP, JSTL
  • 3. Database programming: JDBC
  • 4. Web server: Tomcat
  • 5. Database server: MySQL Server

CASE STUDY # 2

Our Client is one of the World’s Premier and more than a Century old engineering group. The group turnover is around Rs. 100 Billion. The group is known for largest distribution network and excellence in manufacturing. The group consists of 20 companies including joint ventures. The Company was incorporated in the year 1920. At present Company is having manufacturing facilities at 3 locations. The company’s operations are divided into seven SBUs. The Company’s distribution network comprises of 16 regional offices and 8 overseas offices. Product range includes industrial and agricultural pumps, hydro-turbines, valves, machine tools, industrial coatings, etc.

About Project:

This project is a SAP R/3 implementation project. The scope of the project covers the business processes related to Marketing, Sales, Production and Finance Accounting and Management Accounting. So modules Implemented in this project are SD, MM, PP, FI and CO.

Implementation Methodology:

ISAP recommends ASAP Methodology for implementations, In this case study, we will use ASAP methodology. As a consultant, you should get exposed to all Five phases of implementation and should be able to gain good knowledge on each phase. We will walk through with each phase in detail.

  • 1. Project Preparation – Documentation Work.
  • 2.Business Blue Print – Documentation Work.
  • 3. Creating of Company’s Controlling module.
  • 4. Final Preparations: Data migrations from legacy to SAP system
  • 5.Go Live and Support: Handholding’s for SAP implementation, Resolving tickets.
Tasks in FICO Module:

IYou need to study and understand the different business process in Legacy & creation to a creation system and map them to SAP system. Configuration and Customization task include in Definition creation and assignment of Various Organization Units, variants, creation of different master records, should be able to post business transactions and generate various reports and do closing activities. You are expected to prepare a blueprint and also configuration documents. Further, you need to get involved in Data Migration Project where you should be uploading thousands of various master records like customer master, vendor masters, Asset Masters, GL masters, Material Masters… so on, also you need to build configuration blocks in sub modules like General Ledger, Bank Accounting, Accounts Receivable, Accounts Payable, Asset Accounting, Cost Element Accounting, Cost Center Accounting, Profit Center Accounting, Internal orders, Product Costing, Profitability Analysis. Final you need to submit your work as a presentation at the end of training.

Part A – Financial Accounting

Unit 1 – Introduction to SAP R/3
1.Introduction to ERP
2.Advantages of SAP over other ERP packages
3.Introduction to SAP R/3 FICO
Unit 2 – Unit 2: Financial Accounting Basic Settings
1.Definition of company
2.Definition of company code
3.Assignment of company to company code
4.Definition of business area
5. Definition of fiscal year variant
6.Assignment of fiscal year variant to company code
7.Definition of posting period variant
8.Assignment of posting period variant to company code
9.Open and close posting period
10.Defining document type & number ranges
11.Maintenance of field status variants
12.Assignment of field status variant to company code
13.Definition of tolerance groups for GL accounts
14.Definition of tolerance groups for employees
15.Assignment of tolerance groups to users
16.Taxes on Sales & Purchases (Input & Output)
17.Creation of chart of Accounts
18.Defining Accounts Groups
19.Defining Retained Earnings Account
Unit 3 – Unit 3: General Ledger Accounting
1.Creation of General Ledger Master (with and without reference)
2.Display / Change/Block / Unblock of General Ledger master
3. Document Entry posting normal postings and posting with reference
4. Display and change of documents
5.Display of GL balances
6.Display GL account line items
7.Parked documents
8.Hold documents
9.Creation of Sample Document and postings with sample documents
10.Defining recurring entry document and postings with a recurring doc.
11.Configuration of line layouts for display of GL line items
12.Reversal of individual documents, mass reversal, reversal of cleared items and reversal of accrual and deferral documents
13.Defining Exchange Rate types and Translation ratios
14.Define Exchange rates & posting of foreign currency transactions
15.Interest calculations on term loans
16. Accrual and Deferral documents
Unit 4 – Accounts Payable
1.Creation of vendor account groups
2.Creation of number ranges for vendor master records
3.Assignment of number ranges to vendor account groups
4.Creation of tolerance group for vendors
5.Creation of vendor master (display/change/block/unblock of vender master)
6.Posting of vendor transactions (invoice posting, payment posting, credit memo)
7.Settings for advance payments to parties (down payment) and clearing off down payment against invoices (special GL transactions)
8.Posting of partial Payment & Residual Payment
9.Creation of own payment terms
10.Creation of house banks and account ids.
11.Creation of check lots and maintenance of check register
12.Display check register
13.Cancellation of un-issued checks
14.Creation of void reasons
15.Cancellation of issued checks
16.Posting of purchase returns
17.Configuration of automatic payment program
18.Payment to vendors through APP
19.Defining correspondence & party statement of accounts
Unit 5: Accounts Receivable
1.Creation of customer account groups
2.Creation of number ranges for customer master records
3.Assignment of number ranges for customer account groups
4.Creation of customer master (display/change/block/unblock of vendor master)
5.Posting of customer transactions (sales invoice posting, payment posting, debit memo)
6.Posting of vendor transactions (invoice posting, payment posting, credit memoSettings for advance payment from parties (down payment)
7.Configuration of settings for running
8.Generating the dunning letters
9.Defining correspondence and party statement of accounts
10.Bills of exchange.
11. Posting of sales returns
Unit 6: Asset Accounting
1. Defining chart of depreciation
2.Creation of 0% tax codes for sales and purchased
3.Assignment of chart of depreciation to company code
4.Defining account determination
5.Definition of screen layout rules
6.Definition of number ranges for asset classes
7.Integration with General Ledger & Posting rules
8.Defining Depreciation key
9.Definition of multilevel methods
10.Definition of period control methods
11.Creation of main asset master records
12.Creation of sub-asset master records
13.Acquisition of fixed assets
14.Sale of fixed assets
15.Transfer of assets
16.Scrapping of assets
17Depreciation run
Unit 7: New General Ledger Accounting
1. Parallel ledgers & posting of journal entries into New GL
2.Creation of Segments
Unit 8: Document Splitting
1.The Configuration of Document Splitting
2.Posting of Journal Entries in General Ledger, Accounts Payable, and Account Receivable to check whether Document Splitting is taking place or not.
3. Deactivation of Document Splitting

CONTROLLING

Unit 9: Reports
1.Financial statement version
2.General Ledger, Accounts Payable, Accounts Receivable and Assets Reports

Part B – Controlling

Unit 1: Basic Settings for Controlling
1.Defining Controlling Area
2.Defining Number ranges for Controlling Area
3.Maintain Planning Versions

Unit 2: Cost Element Accounting
1.Creation of primary cost elements from financial accounting area
2.Creation of primary cost elements from controlling area
3.Display of cost element master records
4.Change cost element master records
5.Primary cost element categories
6.Secondary cost element categories
7. Default account assignments

Unit 3: Cost Center Accounting
1.Defining Cost Center Standard Hierarchy
2.Creation of Cost Centers and cost center groups
3.Display cost center master records
4.Change cost center master records
5.Creation of cost center groups
6.Posting to cost centers
7.Reposting of co line items
8.Report of Costs
9.Planning for cost centers
10.Overhead Calculation
11.Creation of secondary cost element master records
12.Creation and Execution of Distribution Cycle
13.Creation and execution of assessment cycles
14.Cost center reports

Reports

Generating the Cost Center Reports
Unit 4: Internal Orders
1.Defining order types
2.Creation of internal order master records
3.Display internal order master records
4.Change internal order master records
5.Postings to internal orders
6.Planning for internal orders
7.Reposting co line items for internal orders
8.Report of costs for internal orders
9.Report of Variance analysis for internal orders
10.Creation of real internal orders
11.Posting of business transaction to real orders
12.Definition of allocation structures
13.Definition of settlement profiles
14.Definition of planning profiles
15.Settlement of real internal orders

Reports

Generating the Internal Order Reports
Unit 5: Profit Center Accounting
1.Basic Settings for Profit Center Accounting
2.Creation of Dummy Profit Centers
3.Maintenance of control parameters for actual postings
4.Maintaining planning versions for profit centers
5.Maintaining the number ranges for profit center documents
6.Creation of profit center master records
7.Display of profit center master records
8.Changing the profit center master records
9.Creation of revenue cost elements
10.Automatic Assignment of Revenue elements for Profit Centers
11.Assignment of profit centers in cost center master records
12.Creation of account groups in profit center accounting for planning
13.Planning for profit and loss account items
14.Planning for balance sheet items
15.Posting of transactions into profit centers

Reports
1.Generating the variance reports for Profit and Loss account items
2.Generating the variance reports for Balance Sheet items

Unit 6: Profitability Analysis
1.Maintaining the operating concern
2.Define profitability segment characteristics
3.Assignment of controlling area to operating concern
4.Activating the profitability analysis
5.Define number ranges for actual postings
6.Mapping of SD conditions types to COPA value fields
7.Creation of reports
8.Viewing the reports

Part C- Integration

Unit 1: Integration of financial accounting with materials management
Definition of organizational units in materials management i.e. plant, storage location and purchase organization
1.Assignment of organizational units to each other
2.Definition of tolerance groups for purchase orders
3.Definition of tolerance groups for goods receipt
4.Definition of tolerance groups for invoice verification
5.Definition of vendor specific tolerances
6.Creation, display and change of material master records
7.Creation of plant parameters
8.Maintenance of posting periods for materials management
9.Maintenance of parameters for invoice verification
10.Maintenance of plant parameters for inventory management and physical inventory
11.Definition of attributes for material types
12.Assignment of GL accounts for material transactions in financial accounting
(Integration of MM with FI) 13.Creation of purchase order, posting of goods receipt, invoice verification and
14.Goods issue for production

Unit 2: Integration of financial accounting with sales and distribution
1. Definition of sales organization
2.Definition of distribution channels
Definition of divisions
3.Assignment among various organizational units in SD
4.Definition of partner functions
5.Definitions of shipping point and loading points
6.Definition of pricing procedures
7.Determining the shipping points
8. Determining the pricing procedures
9.Maintenance of SD condition types
10.Maintenance of condition records
11.Assignment of GL accounts for sales transactions( integration of FI with SD)
12.Creation of sales order
13.Initialization of stock
14.Posting the delivery of goods
15.Creating the sales invoice

About SAP FICO Certifications

Certification in SAP FICO has enormous value in your career where it showcases your proficiency and expertise to the industry. To recognize the talents of financial professional both vendor and vendor-neutral certifications are available in the market which is designed with various aspects. If about to start your career in the field of SAP FICO as a SAP Consultant, then all you need is a correct certificate.To ensure the adequate expertise for SAP FICO professional, It’s better to have a combination of right education or training course with hands-on practical experience. SAP FICO Certifications

Through SAP certifications are globally recognized, basically it demonstrates that you have honed your skills through rigorous study and direct experience in your area of expertise. SAP offers two certifications for SAP FICO professionals, such as:
1. SAP Certified Application Associate – Financial Accounting with SAP ERP 6.0 EHP5(C_TFIN52_65)
2.SAP Certified Application Associate – Financial Accounting with ERP 6.0 EhP6 (C_TFIN52_66)
3.SAP Certified Application Associate – Financial Accounting with ERP 6.0 EhP7 (C_TFIN52_67)
4.SAP Certified Application Professional – Financial Accounting with SAP ERP 6.0 EHP5 (P_FINACC_65)
5.SAP Certified Application Professional – Financial Accounting with SAP ERP 6.0 EHP5 (P_FINACC_66)
6.SAP Certified Application Associate – Management Accounting (CO) with SAP ERP 6.0 EHP5 (C_TFIN22_65)
7.SAP Certified Application Associate – Management Accounting with SAP ERP 6.0 EhP7 (C_TFIN22_67)
8.SAP Certified Application Professional – Management Accounting (CO) with SAP ERP 6.0 EHP5 (P_FINMGT_65)

Certification details for MDM – Administrator Specialist Certification

MDM Administrator Specialist certification measures competency as a member of MDM team. The skills and capabilities are evaluated on installation and upgrades, performance tuning, troubleshooting, batch processes, managing metadata and upgrading security processes.

Pre-requisites
The pre-requisites for this Administrator specialist certification is the completion of the following Informatica courses

1.MDM 9.x: Multidomain Edition, Administration
2.MDM 9.x: Configuring Multidomain Edition

Exam Details
1.Exam duration is 90 minutes
2. Exam format is Multiple Choice Questions (MCQs), Multiple response questions and True or False
3.Passing mark is 70 percent

Certification details for MDM – Developer Specialist Certification

MDM Developer specialist certification measures competency as a project implementation member. The skills and capabilities are evaluated on the explaining and identifying the MDM product architecture, configuring main components, Hierarchy manager, data governance tools, match server and workflows.

Pre-requisites
The pre-requisites for this Administrator specialist certification is the completion of the following Informatica courses

1.PowerCenter 9.x – Developer, Level 1
2.PowerCenter 9.x – Developer, Level 2

Exam Details
1.Exam duration is 90 minutes
2. Exam format is Multiple Choice Questions (MCQs), Multiple response questions and True or False
3.The exam will contain 70 questions
4.Passing mark is 70 percent

SAP Certified Application Associate – Financial Accounting with ERP 6.0 EhP6 (C_TFIN52_66) Pre-requisites

MDM Developer specialist certification measures competency as a project implementation member. The skills and capabilities are evaluated on the explaining and identifying the MDM product architecture, configuring main components, Hierarchy manager, data governance tools, match server and workflows.

There are no such prerequisites to register for this exam

Exam Details
1.Exam duration is 180 minutes
2. Number of question is 80
3.Passing score is 64 percent
4.This is associate level certification

SAP Certified Application Associate – Financial Accounting with ERP 6.0 EhP7 (C_TFIN52_67) Pre-requisites

MDM Developer specialist certification measures competency as a project implementation member. The skills and capabilities are evaluated on the explaining and identifying the MDM product architecture, configuring main components, Hierarchy manager, data governance tools, match server and workflows.

There are no such prerequisites to register for this exam

Exam Details
1.Exam duration is 180 minutes
2. Number of question is 80
3.Passing score is 60 percent
4.This is associate level certification

SAP Certified Application Professional – Financial Accounting with SAP ERP 6.0 EHP5 (P_FINACC_65) Exam Details

MDM Developer specialist certification measures competency as a project implementation member. The skills and capabilities are evaluated on the explaining and identifying the MDM product architecture, configuring main components, Hierarchy manager, data governance tools, match server and workflows.

There are no such prerequisites to register for this exam

Exam Details
1.Exam duration is 180 minutes
2. Number of question is 80
3.Passing score is 61 percent
4.This is associate level certification

SAP Certified Application Professional – Financial Accounting with SAP ERP 6.0 EHP5 (P_FINACC_66) Exam Details

MDM Developer specialist certification measures competency as a project implementation member. The skills and capabilities are evaluated on the explaining and identifying the MDM product architecture, configuring main components, Hierarchy manager, data governance tools, match server and workflows.

There are no such prerequisites to register for this exam

Exam Details
1.Exam duration is 180 minutes
2. Number of question is 80
3.Passing score is 61 percent
4.This is associate level certification

SAP Certified Application Associate – Management Accounting (CO) with SAP ERP 6.0 EHP5 (C_TFIN22_65) Pre-requisites

MDM Developer specialist certification measures competency as a project implementation member. The skills and capabilities are evaluated on the explaining and identifying the MDM product architecture, configuring main components, Hierarchy manager, data governance tools, match server and workflows.

There are no such prerequisites to register for this exam

Exam Details
1.Exam duration is 180 minutes
2. Number of question is 80
3.Passing score is 65 percent
4.This is associate level certification

SAP Certified Application Associate – Management Accounting (CO) with SAP ERP 6.0 EhP6 (C_TFIN22_66) Pre-requisites

MDM Developer specialist certification measures competency as a project implementation member. The skills and capabilities are evaluated on the explaining and identifying the MDM product architecture, configuring main components, Hierarchy manager, data governance tools, match server and workflows.

There are no such prerequisites to register for this exam

Exam Details
1.Exam duration is 180 minutes
2. Number of question is 80
3.Passing score is 60 percent
4.This is associate level certification

SAP Certified Application Associate – Management Accounting with SAP ERP 6.0 EhP7 (C_TFIN22_67) Pre-requisites

MDM Developer specialist certification measures competency as a project implementation member. The skills and capabilities are evaluated on the explaining and identifying the MDM product architecture, configuring main components, Hierarchy manager, data governance tools, match server and workflows.

There are no such prerequisites to register for this exam

Exam Details
1.Exam duration is 180 minutes
2. Number of question is 80
3.Passing score is 56 percent
4.This is associate level certification

SAP Certified Application Professional – Management Accounting (CO) with SAP ERP 6.0 EHP5 (P_FINMGT_65) Exam Details

MDM Developer specialist certification measures competency as a project implementation member. The skills and capabilities are evaluated on the explaining and identifying the MDM product architecture, configuring main components, Hierarchy manager, data governance tools, match server and workflows.

There are no such prerequisites to register for this exam

Exam Details
1.Exam duration is 180 minutes
2. Number of question is 80
3.Passing score is 57 percent
4.This is associate level certification

TI recently finished SAP FICO training with instructor Eliaz at CoursesIT. He is an expert in his field, very knowledgeable. He enjoys teaching and a masterful instructor. It was a very rewarding experience and well worth pursuing. Thanks to CoursesIT. -Prakash Singh

SAP FICO training with CoursesIT was a great choice. The trainer was excellent with real world experience and expertise. Also, the class recording and postings on the blog were a great help. Additionally, the staff at CoursesIT has been very helpful! – Swaroop Mishra

To get the online training is really worth from CoursesIT. Whole Team is wonderful in their feilds. I would personally advice to everybody NOT TO HESITATE.TAKE A CHANCE. -Aahana Singh