SAP FICO Training in New York, USA

This training program provides participants with a comprehensive understanding of SAP Financial Accounting (FI) and Controlling (CO) modules. It equips them with the skills to manage financial transactions, reporting, and decision-making processes within SAP ERP. The course is designed for finance professionals and beginners who want to learn the fundamentals of SAP FICO for effective enterprise resource planning and financial management.

Introduction to SAP FICO and Financial Accounting

Module 1: Overview of SAP FICO

SAP ERP and FICO module architecture

Key functionalities of FI and CO modules

SAP navigation basics

Module 2: Financial Accounting Basics

General ledger (GL) accounting overview

Chart of accounts and GL master data configuration

Posting and managing journal entries

Module 3: Accounts Payable (AP) and Receivable (AR)

Vendor and customer master data setup

Invoice posting and payment processing

Managing receivables and payables

Controlling (CO) Module and Cost Management

Module 4: Cost Element and Cost Center Accounting

Understanding cost elements and categories

Configuring cost center master data

Allocating costs across cost centers

Module 5: Internal Orders and Profit Center Accounting

Internal order types and management

Profit center creation and reporting

Integration with other SAP modules

Module 6: Profitability Analysis (CO-PA)

Overview of profitability segments

Configuring and analyzing CO-PA reports

Decision-making based on profitability data

Reporting and Advanced Features

Module 7: Financial Reporting in SAP

Generating balance sheets and income statements

Customizing financial statements

SAP reporting tools and analytics

Module 8: Integration and Advanced Features

Integration between FI and CO modules

Managing asset accounting

SAP document splitting and its advantages

Module 9: Hands-On Applications

Configuring real-world scenarios in SAP FICO

Group activity: Financial reporting and analysis

Case study: Implementing SAP FICO for a business

Interactive Components

Hands-On Labs: Configuring FI and CO modules, posting transactions, and generating reports.

Case Studies: Real-world examples of SAP FICO implementation and usage.

Group Discussions: Collaborative problem-solving on SAP financial challenges.

Role-Playing Exercises: Acting as SAP users handling financial operations.