SAP FICO module refers to the Finance (FI) & Controlling (CO) modules of SAP ERP method. FI & CO are the core modules of SAP. They are tightly integrated with Sales & Distribution Module ( SD) & Materials management (MM) module.

SAP Financial Accounting (FI) is the core module where all the financial processing transactions are captured. This is the module that is used to generate statutory Financial Statements for outside reporting purposes.

Functions in SAP FI can primarily be divided in to General Ledger Accounting (G/L), Accounts Receivable & Accounts Payable (AR/AP) processing, & Fixed Asset Accounting (AA).

SAP Controlling (CO) module helps provide operational knowledge to the management of a company to support business analysis & decision-making. CO represents the internal accounting viewpoint of an organization. It provides knowledge to managers to help manage costs & operations of the organization.




You get complete coverage of the topics below:       


Enterprise Structure and Global Settings

-. Creation of Company, Company Codes

-. Business Area, Consolidated business area

-. Fiscal Year, Posting Period, Posting Keys

-. Document Number range, Document type

-. Tolerance Group

-. Field Status Group


General Ledger Accounting

-. Chart of Accounts

-. Account Groups

-. Retained earnings account

-. Creation of GL accounts

-. Posing of GL entries

-. Holding, parking and posting of documents

-. Reversal of documents

-. Reference Documents


Accounts Receivable

-. Defining Customer master records

-. Posting Invoices & Payments

-. Partial and full payment

-. Down Payment received & setting off entries

-. Tax on Sales/ Purchase

-. Foreign Currency Valuation

-. Dunning to customers


Accounts Payable

-. Defining Vendor master records

-. Posting Invoices & Payments

-. Down Payment made & setting off entries

-. Automatic Payment Program


Asset Accounting

-. Chart of depreciation

-. Defining Asset Master Records

-. Integration with General Ledger

-. Asset class -. Asset creation

-. Depreciation posting

-. Retirement of an Assets


Cash Management

-Cash journal entries (Petty Cash)

-Bank Statements



-. Controlling Area Settings

-. Number range to controlling documents


Cost Element Accounting

-. Automatic creation of Cost Elements

-. Individual creation of Cost Elements


Cost Center Accounting

-. Creation of Cost Center, Planning

-. Posting of cost into cost center

-. Manual reposting of cost

-. Distribution and assessment


Internal Order Accounting

-. Order Type, Number range

-. Creation of order, Planning & Posting

-. Defining settlement rules

-. Final settlement of Internal order  


Profit Center Accounting

-. Settings for Profit Center

-. Creation of Profit Center, Planning

-. Posting of revenues

-. Distribution and Assessment


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What is SAP FI-CO