Courses Description

Eligibility

• A bachelor’s degree in fields like Business, Engineering, or Information Technology is generally preferred, though it’s not strictly necessary.
• Familiarity with computers and an understanding of basic database concepts are also helpful.
• SAP End User
• If your career focus is within these fields, SAP MM Power training can be a strong asset.

Course content

• Introduction to SAP S/4 Hana
  • Overview of SAP ERP and SAP FICO
  • Importance of SAP FICO in business processes
  • Navigation in SAP ERP
  • Client and types of Clients
  • Real-time data processing and analytics
  • Introduction to SAP MM, SAP SD, and Other Modules
• Financial Accounting (FI) Module
  • Setting Up Enterprise Structure

    • Setting Up Company and Company Code
    • Fiscal year Variant
    • Posting Period Variant
    • Field Status Variant

  • General Ledger (GL) Accounting

    • Introduction to General Ledger
    • Chart of Accounts & Accounts Group
    • Accounting Principal and Leading Ledger
    • Creating and managing GL master data
    • Posting GL transactions
    • Setting up and using account groups
    • Configuring document splitting and parallel accounting

  • Accounts Payable (AP)

    • Business Partner and Vendor Master Configuration
    • Vendor master data creation
    • Processing vendor invoices
    • Outgoing payments processing
    • Special G/L transactions
    • Reverse Invoice Posting
    • Partial Payment, Residual payment, Advance Payment, Noted Items
    • Payment terms and cash discounts
    • Automatic payment program configuration

  • Accounts Receivable (AR)

    • Customer master data setup
    • Posting sales invoices
    • Incoming payments processing
    • Dunning procedures (automated reminders for overdue payments)
    • Credit management
    • Invoice Generation: Sales order integration, Billing process

  • Asset Accounting (AA)

    • Chart of Depreciation
    • Integration with General Ledger
    • Accounts Determination and Assets Class
    • Asset master data creation
    • Asset acquisition, transfer, and retirement
    • Depreciation run and asset reporting
    • Retirement and Scraping of Assets

  • Bank Accounting

    • House Bank
    • Incoming, Outgoing and Main Bank
    • Bank master data setup
    • Bank reconciliation process
    • Electronic bank statements and manual bank statements

  • Tax on Sales Purchase

    • Configuration of Tax on Sales Purchase
    • Condition type and Tax Procedure
    • Tax Code and Tax G/L
    • Testing of Tax on Sale/Purchase

  • Withholding Tax

    • Configuration of Withholding tax type
    • Configuration of Withholding tax code
    • Testing of Withholding Tax Invoice

  • Financial Closing Process

    • Period-end and year-end closing procedures
    • Adjusting entries and accruals
    • Balance sheet and P&L statement generation

• Controlling (CO) Module
  • Cost Element Accounting

    • Creation and maintenance of cost elements
    • Primary and secondary cost elements
    • Posting and reporting cost elements

  • Cost Center Accounting

    • Defining cost centers and cost center hierarchy
    • Cost allocation methods (distribution and assessment)
    • Cost center reporting and analysis

  • Overview to SAP Product Costing
  • Overview to SAP Profitability Analysis (CO-PA)
• SAP FICO Integration with Material Management (FI-MM)
  • Enterprise Structure of Material Management
  • Material Ledger type and Plant Parameters
  • Material and Supplier Master Data
  • Testing Procurement to Pay Cycle (P2P)
• SAP FICO Integration with Sales and Distribution (FI-SD)
  • Enterprise Structure of Sales and Distribution
  • Define finished /Trading material
  • Partner Determination and Customer Master Data
  • Testing Order to Cash Process (O2C)
• SAP Advance Configuration
  • Validation and Substitution
  • Legacy System Migration workbench (LSMW)
  • Legacy transfer Migration Cockpit (LTMC)
• Financial Reporting and Analysis Tools
  • SAP Financial Statement Version (FSV) configuration
  • Creation of customized financial reports
  • Drilldown reporting and analysis

Course Review

Kunadan Rai

1 weeks ago

The SAP FICO Power User course was exactly what I needed to advance my skills in materials management. The modules were clear, and the real-world examples helped me apply concepts directly in my current role. The trainer was very knowledgeable and responsive to questions. Highly recommend for anyone looking to grow in supply chain management!

Karan Patel

3 weeks ago

I enrolled in this course to boost my career, and it exceeded my expectations. The practical sessions and exercises made it easy to understand SAP FICO functionalities. I can now handle inventory and procurement processes much more efficiently. This course is a great value for anyone in materials management!

Pankaj Kumar

2 weeks ago

This SAP FICO Power User training is comprehensive and well-structured. The instructor was amazing at explaining complex topics in simple terms. The hands-on assignments helped solidify my understanding of the SAP environment. After completing this course, I feel more confident in my skills!