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SAP FICO Financial Details

  1. Financial Accounting Basic Settings

⦁ Define company
⦁ Define company code
⦁ Assign company to company code
⦁ Define business area
⦁ Define chart of accounts
⦁ Assign company to chart of accounts
⦁ Account groups
⦁ Retained accounts
⦁ Define fiscal year variant
⦁ Assign fiscal year variant to company code
⦁ Define posting period variant
⦁ Assign posting period variant to company code
⦁ Open & close periods
⦁ Define document types & number ranges
⦁ Define field status variant
⦁ Assign field status variant to company code
⦁ Define tolerance group
⦁ Define tolerance group for employees
⦁ Assign country to calculation procedure
⦁ Enter global parameters

  1. Financial Accounting Basic Settings

⦁ Creation of General Ledger Master (with and without reference)
⦁ Display/Change/Block/Unblock of general ledger master
⦁ Document Entry posting normal postings and posting with reference
⦁ Display and change of documents
⦁ Display of GL balances
⦁ Display GL account line items
⦁ Parked documents
⦁ Hold documents
⦁ Creation of Sample Document and postings with sample documents
⦁ Defining recurring entry document and postings with recurring doc.
⦁ Configuration of line layouts for display of GL line items
⦁ Reversal of individual documents, mass reversal, reversal of cleared items and reversal of accrual and deferral documents
⦁ Defining Exchange Rate types and Translation ratios
⦁ Define Exchange rates & posting of foreign currency transactions
⦁ Interest calculations on term loans

  1. Accounts Payable

⦁ Creation of vendor account groups
⦁ creation of number ranges for vendor master records
⦁ assignment of number ranges to vendor account groups
⦁ Creation of tolerance group for venders
⦁ Creation of vendor master (display/change/block/unblock of vender master)
⦁ Posting of vendor transactions (invoice posting, payment posting, credit memo)
⦁ Settings for advance payments to parties (down payment) and clearing of down payment against invoices (special GL transactions)
⦁ Creation of payment terms,
⦁ Creation of house banks and account ids.
⦁ Creation of check lots and maintenance of check register
⦁ display check register
⦁ cancellation of un issued checks
⦁ creation of void reasons
⦁ cancellation of issued checks
⦁ Configuration of automatic payment program
⦁ Payment to vendors through APP

  1. Accounts receivable

⦁ Creation of customer account groups
⦁ creation of number ranges for customer master records
⦁ assignment of number ranges for customer account groups
⦁ Creation of customer master (display/change/block/unblock of customer master)
⦁ Posting of customer transactions (sales invoice posting, payment posting)
⦁ Settings for advance payment from parties (down payment)
⦁ Configuration of settings for dunning
⦁ generating the dunning letters

  1. Asset Accounting

⦁ Copy chart of depreciation
⦁ creation of 0% tax codes for sales and purchased
⦁ assignment of chart of depreciation to company code
⦁ Defining account determination
⦁ definition of screen lay out rules
⦁ definition of number ranges for asset classes
⦁ Integration with General Ledger & Posting rules
⦁ Defining Depreciation key
⦁ definition of multilevel methods
⦁ definition of period control methods
⦁ creation of main asset master records
⦁ creation of sub asset master records
⦁ Acquisition of fixed assets
⦁ sale of fixed assets
⦁ transfer of assets
⦁ Scrapping of assets
⦁ Depreciation run

  1. Reports

⦁ General Ledger, Accounts Payable, Accounts Receivable and Assets Reports


Training Details

  • Course Duration: 45 hours Training + Assignments + Actual Project Based Case Studies
  • Training Materials:
    All attendees will receive,
    Assignment after each module, Video recording of every session
    Notes and study material for examples covered.
    Access to the Training Blog & Repository of Materials

Coming Soon..

Demo Video

Course Duration

The Sap FICO course duration will be of 35 hours.

Course Inquiry - SAP FICO

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