SAP FICO

SAP FI (Financials): Mastering Financial Accounting

SAP FI (Financials) stands as a foundational module for Accounting and Financial professionals aspiring to build their careers within the realm of SAP. This module, the Financial Accounting (FI) application component, addresses the international standards and prerequisites governing financial accounting functions within organizations. Serving as a vital business module, SAP FI is instrumental in the effective utilization of mySAP applications.

SAP FI encompasses critical financial aspects, including fixed assets, bank management, cash journals, inventory, tax accounting, general ledger, and accounts receivable/accounts payable. Within the SAP FI module, comprehensive and statutory data is tracked and managed, enabling financial managers and other stakeholders to assess the company's current financial position as compared to legacy systems.

Key to the SAP FI integration is the real-time posting of all accounting-relevant transactions from Logistics (LO) or Human Resources (HR) components. This automatic account determination ensures accurate reflection of logistical goods movements in accounting updates. This data can also be relayed to Controlling (CO), preserving alignment between operational and financial aspects.

This course delves into the management and implementation of organizational units, master data, and documents in Financial Accounting. Participants will grasp the concept of parallel valuation and reporting, and learn to execute critical Accounting business processes such as payments, individual closing, and evaluation methods.

SAP FICO is an integral module for Accounting and Financial professionals embarking on a career within the SAP ecosystem. The Financial Accounting (FI) application component is designed to meet global financial accounting standards. Covering a spectrum of financial functions, from fixed assets and bank management to tax accounting and more, this module equips professionals with the skills to manage organizational units, master data, and documents. Participants will delve into concepts such as parallel valuation and reporting, and gain hands-on experience in executing Accounting business processes including payments, individual closing, and evaluation methods.

COURSE DESCRIPTION

• Introduction to ERP, SAP
• Business Process in Financial Accounting
• Business Process in Management Accounting
• Accounting Customizing Fundamentals
• Accounting Customizing
• Financial Closing
• New General Ledger
• Analytics and Reporting in Financial Accounting
• Asset Accounting
• Cost Center and Internal Order Accounting
• Product Cost Planning