SAP- FICO CAREER VIEW
KUSHI INFOTECH -SAP FICO TRAINER -8074156411
SAP FI Introduction
SAP FICO is the finance and cost-controlling module in SAP ERP. It is
used for financial transactions in the company. It is a powerful module
that can cover the business processes in every industry. Financial
management requirements in large companies are constantly changing so
it is more important for experts to keep upgrading their skills.
SAP FI is used for important financial purposes like profit, loss, and
balance sheets in an organization. SAP FI Module can be integrated with
other modules in SAP ERP like material management sales and
distribution, production planning, human resources, etc. Journal vouchers
are included in the financial transactions that take place in the company.
SAP MODULES
SAP-FI-CO
SAP-MM
SAP-PP
SAP-QM
SAP-SD
SAP FI Sub Modules
General Leader: This includes providing complete reports for
accounting for external and internal transactions of the
organization, i.e. recording transactions like monthly records,
debit and credit, balance sheets, and accounts.
Accounts used for reporting are managed by the General Leader. These
are the accounts that will be used to prepare the financial statements.
Account Receivable & accounts payable: This includes
managing accounts payable-related data and records. Invoice
postings, down payments, invoice payments, as well as
execution of customer reports, can be done in accounts
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receivable. It is a sub-module in SAP FICO in which all
transactions with clients can be implemented and managed.
Asset Accounting: It can manage all asset-related transactions
in Finance and Accounting. When transactions in asset
accounts are posted, the accounts in the general ledger are
updated in real-time..These transactions include asset
acquisition, asset sale, asset retirement, asset revaluation, asset
transfer, and asset depreciation.
Bank Leader: It captures all the transactions in the banking
accounting and records on the bank statement for comparison
with the transactions in the system.
Due to this, accurate financial statements in the system are updated in
real time from anywhere. Mainly it is related to all transactions like
incoming and outgoing payments.
Consolidation: Consolidate financial statements for multiple
organizations to view details simultaneously.
Travel Management: It supports business travel expenses
within the organization, travel management plans, and travel
expense reporting.
SAP CO Introduction
SAP CO is a crucial module in SAP, known as the SAP FICO Module,
which helps organizations enhance their profitability. Financial
transactions from various modules are recorded in the controlling module
of SAP and presented in a structured manner for internal management
reporting.
The SAP CO Module allows for the efficient planning, recording, and
tracking of financial transactions within a company. It also enables
proper management of necessary expenses and optimization of business
processes.
Sub Modules in SAP CO?
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Cost Elements: In this analysis, we can examine the
organization's profits and losses based on its profit and loss
statement. A cost element refers to the cost-related expenses
incurred by the company.
Cost elements can be managed and configured in cost elements,
profit, internal orders, functional areas, as well as master data.
Cost Centers Accounting: The cost center accounting sub-
module deals with the costing of internal departments such as
production, sales, and human resources.
It can create master data to track expenses by the department in the
company.
Profit centers: The Profit Center evaluates the profit and loss
in the company. It accounts for shortages and costs and is done
on a statistical basis. Apart from this, you can display the raw
figures on return on investment, and working capital.
Internal Orders: Internal order is a sub-module to provide
service and work cost tracking. It uses work-related costs and
orders under business transactions.
Profitability orders: An internal order is used to plan the costs
of a specific project in SAP Co. Also Internal Orders are used to
monitor production costs.
You can assign a budget and limit expenses by creating an expenditure
budget in Internal Order.
Product costing. Product costing is a process that helps to
identify the cost of manufacturing a product. It is used for cost
planning, estimating the cost of goods, preparing the bill of
materials for finished goods, and determining the cost of
products sold in the company. To calculate the product cost,
you need material master data, a bill of materials, and work
centers.
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SAP FICO Course Eligibility?
1. Candidates having Bachelor's or Master’s Degrees in the
commerce field will be added advantages like BCOM, MCOM,
MBA, ICWA, CA, and other financial backgrounds
professionals.
2. Any financial executives and finance generalists can learn the
SAP fico course online.
3. Employees who are working in the financial division.
4. Graduate candidates looking for a prosperous career in the IT
Sector will learn a SAP fi course.
5. Professionals who are switching careers to the finance
profession from any domain can learn a SAP fico course.
Job Roles and Responsibilities of SAP FICO Consultant
Understand the business requirements of the organization.
Identifying the needs of the clients to meet their processes and
objectives and developing necessary product improvements and
contacting them to troubleshoot and analyze their problems.
Identifying and proposing new business processes for clients.
Implementing and supporting SAP Financials such as -
Focusing on FICO Controlling, Cost Center Accounting, Profit
Center Accounting, Product Costing, Profitability Analysis,
Project System, Results Analysis, Unsettled Costs, Month End
Close, Overhead Assessment, and Settlement.
Designing, customizing, configuring, and testing FI/CO
modules.
Understanding and supporting taxes like GST, TCS, and SEZ
in the organization.
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Anticipating and resolving customer go-live issues.
Working with teams or clients to define and document business
requirements.
Liaising with and overseeing third-party and offshore resources
as per business requirements.
SAP FICO Job Profiles
SAP FICO Consultant
SAP FICO Support Consultant
SAP FICO End-user
SAP S4 HANA Fi consultant
SAP FICO Consultant Salary in India
SAP FICO Consultants' Salary depends on your experience and skills
Salaries range for SAP FICO consultants
s. Salary range
Experience
no india USA UK
1 freshers 1.8 LPA TO 3 LPA
2 to 3 years
2 3.5 lpa to 5 3LPA
experience $114,977 to
Above 2 years $160,875 £49,421 in
3 5.5 LPA to 15 LPA per year London, UK
to 8 years
salary
above 8 years
4 based on work 15 LPA t 36 LPA
command
Estimate value with Indian rupee 80 105
LPA 12870000 5250000
SAP FICO TOPICS
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1)ENTERPRISE STRUCTURE (COMPLETE CONFIGURATIONS)
2) CHART OF ACC (COMPLETE CONFIGURATIONS)
3) GLOBAL SETTINGS (COMPLETE CONFIGURATIONS)
4) TABLE DISPLAY (COMPLETE CONFIGURATIONS)
5) POSTING TYPES (COMPLETE CONFIGURATIONS)
6)TR-(COMPLETE CONFIGURATIONS) (14B)
7)DATA TYPES IN SAP (COMPLETE CONFIGURATIONS)
8)TICKETS (COMPLETE CONFIGURATIONS)
9)IMPLEMENTATION PROJECT (COMPLETE CONFIGURATIONS) (ECC & S4HANA)
10)BLUEPRINT PAGES
11)ACCOUNTS PAYABLE (COMPLETE CONFIGURATIONS) & TESTING
12)ACCOUNTS RECEIVABLE (COMPLETE CONFIGURATIONS) & TESTING
13)VENDOR DOWN PAYMENTS (COMPLETE CONFIGURATIONS) & TESTING
14)CUSTOMER DOWN PAYMENTS (COMPLETE CONFIGURATIONS) & TESTING
15)VENDOR CASH DISCOUNT (COMPLETE CONFIGURATIONS) & TESTING
16)CUSTOMER CASH DISCOUNT (COMPLETE CONFIGURATIONS) & TESTING
17)APP & EXPLANATION ALSO OF APP (COMPLETE CONFIGURATIONS) &
TESTING
18)HOUSE BANKS (COMPLETE CONFIGURATIONS)
19)CASH JOURNAL - PETTY CASH (COMPLETE CONFIGURATIONS) & TESTING
20)RECURRING ENTRIES (COMPLETE CONFIGURATIONS) & TESTING
21)P2P CYCLE FI TO MM
22)FOREIGN CURRENCY VALUATION (COMPLETE CONFIGURATIONS) & TESTING
23)REALIZED GAIN & LOSS (COMPLETE CONFIGURATIONS) & TESTING
24)FOREIGN CURRENCY POSTING (COMPLETE CONFIGURATIONS) & TESTING
25)OPEN ITEM MGT (COMPLETE CONFIGURATIONS) & TESTING
26)ASSET ACCOUNTING (COMPLETE CONFIGURATIONS) & TESTING
27)WITHHOLDING TAX (COMPLETE CONFIGURATIONS) & TESTING
28)DUNNING CONFIGURATION (COMPLETE CONFIGURATIONS) & TESTING
29)GST- (COMPLETE CONFIGURATIONS) & TESTING
30)INPUT GST & OUTPUT GST (COMPLETE CONFIGURATIONS) & TESTING
(IGST, SGST, CGST- UGST)
31)IDOCS
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32)BRS (BANK RECONCILIATION STATEMENT) (COMPLETE CONFIGURATIONS)
33)(CO) CONTROLLING (COST CENTER ACCOUNTING) COMPLETE
CONFIGURATIONS & TESTING
34) (CO)PROFIT CENTER ACCOUNTING COMPLETE CONFIGURATIONS & TESTING
35)S4 HANA CHANGES
36)WRICEF
37) SUCCESS STRATEGY OF SAP FICO
38) RESUME PREPARATION
38) Zero Balance Account?
39) POSTING KEYS
40) VALIDATIONS (COMPLETE CONFIGURATIONS) & TESTING
41) SUBSTITUTIONS (COMPLETE CONFIGURATIONS) & TESTING
42) INTEREST CALCULATION OVERVIEW & CONFIGURATIONS (COMPLETE
CONFIGURATIONS) & TESTING
43)SLA
44) SAP SYSTEM LANDSCPE (9)
45)DOCUMENT REVERSAL & TESTING
(Individual, Mass Reversal, Reversal of Reversal)
46) SAMPLE DOCUMENTS & TESTING
47) SAP FICO CONSULTANT ROOLS & RESPONSIBILITIES
48) How many types of Configurations in SAP?
49) REAL-TIME ERROR ISSUES 25+
50) TICKETING TOOLS
51) SORT KEY
52)TYPES OF PROJECTS IN SAP
53) DOCUMENTS SPLITTING (COMPLETE CONFIGURATIONS) & TESTING 04-04-
2024
54) ACCRUAL & DEFERRAL CONFIGURATION & TESTING
55) CROSS COMPANY POSTING & TESTING
56)FOREIGN CURRENCY INVOICES CLEARING THROUGH APP (VIDEO-BASED
LEARNING)
57)DME (VIDEO-BASED LEARNING)
58)GST CLEARING WITH APP (VIDEO-BASED LEARNING)
59) FI TO MM P2P (COMPLETE CONFIGURATIONS VIDEO-BASED LEARNING)
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60) O2C (COMPLETE CONFIGURATIONS VIDEO-BASED LEARNING)
61) LSMW (LEGACY SYSTEM MIGRATION TOOL WORKBENCH) (16)
62) Leading and Non-leading Ledgers Configuration
63 O2C EXPLANATION
64) GL ACCOUNTS BLOCK/DELETE
65)Types of currencies in SAP
66)Account Currency (GL)
67) TYPES OF DATA IN SAP
68) Testing Project
69) Model & Work in SAP
70) Vendor Multipool bank accounts Invoice Process & TESTING
71) SAP FICO Financial Statement Versions – FSV
72) VARIENT AND BACKGROUND JOBS & TESTING (21)
73) SAP R/3 Tier Architecture
74) MONTH-ENDING ACTIVITIES & YEAR-ENDING ACTIVITIES
75) Vendor & Customer Balance Carry forward. & TESTING
76) How to move GL Master Data from one company code to another company code?
77) Universal Journal ACDOCA Tables
78) Reporting stricture in your consulting company
79) Alternative reconciliation account.
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