SAP FICO Tutorial – SAP FI & SAP CO Tutorials

SAP FICO Stands for FI (Financial Accounting) and CO (Controlling). SAP FICO is an important module of ERP and both FI and CO modules stores the financial transactions data. 

SAP FICO training materials teach you in an easy method with screenshots step by step. SAP FICO Tutorials are specially designed for all SAP beginners and SAP professionals so that you can configure and implement SAP FICO step by step.

Check below the SAP FICO tutorial as per the syllabus wise and select each topic one by one for better learning.

SAP FI – Basics

  1. What is SAP
  2. What is ERP
  3. What is SAP FICO
  4. Accounting Entries in SAP
  5. Types of SAP Projects
  6. Important FI transaction Codes

SAP FI – Organization Structure

  1. Define Company
  2. Define Company Code
  3. Create new companies by copying existing company code
  4. Assign Company Code to Company
  5. Define Business Area
  6. Define Functional Area
  7. Define Credit Control
  8. Assign Company Code to Credit Control
  9. Define Segments
  10. Define Financial Management Area
  11. Enterprise Structure Transaction Codes

SAP FI – Financial Accounting Global Settings

  1. Activate new General Ledger Accounting
  2. Maintain Fiscal Year Variant
  3. Assign Company Code to Fiscal Year Variant
  4. Define variants for Open Posting Periods
  5. Open and Close Posting Periods
  6. Assign Posting Period Variant to Company Code
  7. Define Field Status Variants
  8. Assign Company Code to Field Status Variants
  9. Define Posting Keys
  10. Define Document Types
  11. Define Document Number Ranges
  12. Define Tolerance Group for Employees
  13. Define Tolerance Group for G/L Accounts
  14. Assign Users to Tolerance Group
  15. Global Parameters for Company Code
  16. Define Additional Local Currencies for Company code

SAP FI – General Ledger

  1. Define Chart of Accounts
  2. Assign Company Code to Chart of Accounts
  3. Define Account Groups
  4. Define Retained Earnings Account
  5. Define sample account rule types
  6. Define data transfer rules
  7. Assign company code to rule type
  8. Create Sample Account
  9. Create General Ledger Account 
  10. Accounting Entries in SAP
  11. Define Financial Statement Versions

Tax Configuration

  1. Tax calculation procedure
  2. Tax condition types
  3. Assign country to the calculation procedure
  4. Jurisdiction code structure
  5. Maintain Tax code
  6. Allow tax codes for non-taxable transactions

SAP FICO – GST Configuration

  1. GST Calculation procedure 
  2. Assign country to GST tax calculation procedure
  3. Define access sequence 
  4. Define condition types for GST
  5. Define account keys in SAP for GST
  6. Complete steps – implementation of GST in SAP Hana

 SAP FI- Accounts Payable:-

  1. Create Vendor Account Groups
  2. Create Number Ranges for Vendor Accounts
  3. Assign the number ranges to Vendor account groups
  4. Create Sundry Creditors Account
  5. Define Tolerances Group for Vendors
  6. Vendor Payment Terms
  7. Create Vendor Master Data
  8. Automatic Payment Program

SAP FI- Accounts Receivable:-

  1. Create Customer Account Groups
  2. Create Number Ranges for Customer Accounts
  3. Assign Number Ranges to Customer Account groups 
  4. Define Tolerances Group for Customer
  5. Customer Payment Terms
  6. Create Customer Master Record
  7. Dunning procedure configuration

Bank Accounting

  1. Create bank key
  2. Define House bank
  3. Global Settings for Electronic Bank Statement

Treasure Management

  1. Define Lockboxes
  2. Define lockbox posting data
  3. Define source symbols

SAP FI – Asset Accounting

  1. Chart of Depreciation
  2. Assign Chart of Depreciation to Company Code
  3. Specify Account Determination
  4. Create Screen Layout Rules
  5. Maintain asset number ranges
  6. Define Asset Classes
  7. Determine the Depreciation area in the Asset Class
  8. Assignment of General Ledger Accounts
  9. Define Screen Layout for Asset master data
  10. Define Screen Layout for Asset Depreciation Areas
  11. Maintain Depreciation key

Investment Management

  1. Define investment program types
  2. Assign program types to operative objects
  3. Define Investment Profiles
  4. Define Investment Plan Profiles
  5. Define budget profile
  6. Define Budget Categories

SAP FI-MM Integration

  1. Define Plant
  2. Define Division
  3. Define Storage Locations
  4. Define Purchasing Organization
  5. Assign Plant to Company Code
  6. Assign Purchasing Organization to Company Code
  7. Assign Purchase Organization to Plant
  8. Define Purchasing Groups
  9. Create Material Groups
  10. Maintain Company Code for Material Management

SAP FI-SD Integration

  1. Define Sales Organization
  2. Assign Sales Organization to Company Code
  3. Define Distribution Channel
  4. Assign Distribution channel to Sales Organization
  5. Define Division
  6. Assign Division to Sales Organization
  7. Define Plant
  8. Define Shipping Point
  9. Assign Shipping Point to Plant
  10. Maintain Sales Area
  11. Assign Sales Organization-Distribution Channel-Plant
  12. Maintain Pricing Procedure
  13. Define the Tax Determination procedure
  14. Assignment of Account for Automatic Postings
  15. Create Conditions Type

Note: The configuration steps up to 12 will be configured by SAP SD consultants, however as an SAP FICO consultant knowing these configuration steps helps you to learn completely how SAP FI and SD module integration each other.

Now, most companies are upgrading to S4 Hana System from the ECC system. You can refer to S4 Hana Finance training tutorials that help you learn Finance modules with real-time scenarios and interview questions.