FI (Financial Accounting) and CO (Controlling).

SAP FICO is a SAP ERP module used for external and internal financial reporting. The goal is to record all financial transactions sent by the entity and to produce accurate financial statements at the end of the trading period. The full SAP FICO form is FI (Financial Accounting) and CO (Controlling).


About SAP FICO Training

Connecting Dots ERP SAP FICO training course is one of the best courses which is designed with all the latest updates provided by SAP. Here the trainers are well proficient and they explain every concept with real-time scenarios. From understanding what a business is to learn how to complete business processes in SAP FICO, everything will be covered in this training.


What is SAP FICO?

The SAP FICO module is a SAP ERP module used for external and internal financial reporting. SAP FICO which means: SAP Financial Accounting (FI) and Control (CO).All general reporting accounts used for reporting are managed by standard accounting. In SAP a set of all standard book accounts used by a company or group of companies is called an account chart. Account Recovery is a small module that records all transactions with customers and manages customer accounts. Paid accounts are a small module that records transactions with merchants and manages merchant accounts.



the SAP FICO function is still very good and difficult. Better yet if you come from an account or financial background. SAP is the world’s leading ERP and its popularity and demand are growing day by day. It gives you a large number of career options within its domain.



  • SAP FICO is one of the modules of SAP that deals with external and financial internal reporting.
  • SAP FICO provides great reporting features and you can get an efficient report from SAP FICO.
  • If you want to start your career in SAP, then you have to take training on SAP FICO and that will be more helpful for your career growth.

Prerequisites for SAP FICO Training

Responsibilities of SAP MM CONSULTANT

  • FICO Consultant is responsible for the following activities: 
  • It includes Preparation of financial statements Profit and loss (P&L) analysis,
  •  Balance sheet accounts reviews and reconciliations.


SAP FICO stands for Financial Accounting and Costing is a highly paid salary with an excellent growth rate. Many companies are looking for certified SAP FICO professionals. But it is not easy to get a job at SAP FICO as the competition is very high.


Job Opportunities IN SAP FICO

The above-mentioned profiles require knowledge of the full life cycle installation process with proper planning and analytical skills. Many companies are looking for professionals with 2- 4 years of experience. 

SAP FICO Growth Opportunities And Earnings

SAP FICO Trainee Consultants or SAP FICO Associates Trainees with the required skills are given top salaries. It is a leading transportation hub that includes Production Plan, Warehouse management, and sales and distribution modules. 

For further work growth, you can upgrade to SAP FICO. There is a worldwide need for SAP FICO coordinators.

Syllabus of SAP FICO

Introduction to  SAP R/3

  •  Introduction to ERP, Advantages of SAP over
  •  Other ERP Packages
  •  Introduction to SAP R/3 FICO
  •  Introduction to G/L (NEW G/L), A/R, A/P,AA.
  •  Introduction to Banking and Treasury
  •  Management.
  •  Introduction to CEA,CCA,EC-PCA, CO-PA and PC.

Financial Accounting Basic Settings.

  • Set Countries and Currencies
  • Creation and assignment of company and
  • company code
  • Creation of Business area
  • Defining and assignment of fiscal year variant
  • Defining and assignment of posting period
  • variant
  • Defining open and closing posting periods
  • Defining document type & number ranges
  • Define Posting Keys
  • Maintenance and assignment of field status
  • variants
  • Defining and assignment of tolerance groups
  • of employees
  • Taxes on Sales & Purchases (input & output)
  • Creation of chart of Accounts
  • Defining Accounts Groups
  • Defining Retained Earnings Account
  • Defining tolerance groups for G/I accounts.

General Ledger Accounting 

  • Creation of General Ledger Master (with and
  • without reference)
  • Display/Change/Block/Unblock of general
  • ledger master
  • Creation of Account assignment model and
  • posting
  • Defining Recurring entry document, Run
  • Schedule, Run Dates and posting
  • Creation of Sample Document and posting
  • Validations and Substitutions
  • Cross Company Codes
  • Parallel Currencies (Various Methods)
  • Defining Exchange Rate types and Translation
  • ratios
  • Define Exchange rates & posting of foreign
  • currency transactions
  • Interest Configuration(Balance interest)
  • Configuration of line layouts for display of GL
  • line items
  • Create Screen Layouts
  • Validation & Substitutions
  • Re-Assessment Cycle.
  • Re-Post Cost (commitment item)


  • Document Entry posting normal postings
  • posting with reference
  • Display and change of documents
  • Display of GL balances and Line items
  • Parked documents & hold documents
  • Reversal of individual documents, mass
  • reversal, reversal of cleared items and
  • reversal of accrual and deferral documents. 

Bank Configuration

  • House Bank
  • Bank Account interest calculation
  • Cash journal
  • Lockbox
  • Bank Reconciliations Statements
  • Automatic Bank Reconciliation
  • Manual Bank Reconciliation 

Check Management  

  • Individual check payment
  • Manual check payment
  • Check registrar
  • Check encashment
  • Creation of tolerance group for vendors
  • Item Interest Configuration
  • Down Payment Paid

Loan Management 

  • Individual check payment
  • Manual check payment
  • Check registrar
  • Check encashment
  • Accounts receivable
  • Creation of customer account groups and
  • assignment of number ranges
  • LSMW- Legacy System Migration Workbench.
  • Creation of tolerance group of customers.
  • Creation of customer master
  • (display/change/block/unblock of vender
  • master)
  • Item Interest Configuration.
  • Down Payment Receive.
  • Bills Receivable (In depth)
  • Customer Terms
  • Customer Discounts (In depth)
  • Reserve for Bad-debts
  • Risk Management (In depth)
  • Credit Control Area (In depth)
  • Fund Management(In depth)
  • Configuration of settings for Dunning
  • Automatic Clearing
  • Validations & Substitutions
  • Re-Post revenue
  • Re-Assessment cost
  • Automatic Account Assignment. 

Accounts Payable  

  • Creation of vendor account groups and
  • assignment of number ranges
  • Creation of vendor master
  • (display/change/block/unblock of vendor
  • master)
  • Bills payable (In depth)
  • Terms of Payment
  • Vendor Discounts (In depth)
  • Creation of house banks and account ids
  • Creation of check lots and maintenance of
  • check register
  • Configuration of Automatic Payment Program
  • Defining correspondence & party statement
  • of accounts.
  • Automatic Clearing
  • Assessment Cost
  • Distribution Life Cycle
  • Re-Allocation Structure
  • Validation for User base Tolerance’s
  • Taxes
  • GST
  • Testing
  • Posting of customer transactions (sales
  • invoice posting, payment posting, debit
  • memo).
  • Settings for advance payment from parties
  • (down payment).
  • Defining correspondence & party statement
  • of accounts.
  • 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
  • Transaction)


  • Asset Accounting 
  •  Asset Accounting
  •  Asset Categories and Principles.
  •  Defining chart of depreciation
  •  Defining account determination, screen
  •  layout, number ranges and asset classes.
  •  Integration with General Ledger & Posting rules. 

Integration with MM FI/SD Credit Management

  •  Define credit controlling areas.
  •  Decentralized credit management.
  •  Central credit management.
  •  Credit controlling is currency central organization.
  •  Assigning credit controlling are company codes.
  •  Assigning customer credit controlling.
  •  Creating credit data.
  •   Resetting credit limit.
  •   Postings without credit limit checks.
  •   Automatic credit control.
  •   Final Preparation
  •   Define Financial Statement Version.
  •   Balance carry forward Balances.
  •   Month ending Activities.
  •   Structure of Account Balances.
  •   FI- CO Tables
  •   Reports
  •   Financial statement version.
  •   General Ledger, Accounts Payable, Accounts
  •   Receivable and Assets Reports
  •   Profit Center Accounting
  •   Basic Settings for Profit Center Accounting.
  •   Creation of Dummy Profit Centers.
  •   Maintaining versions for profit centers.
  •   Creation of asset master and sub asset master
  •  (change/display/block/unblock).
  •   Defining Depreciation key (base, declining, multilevel, period control methods).
  •   Acquisition or purchase of assets, sale of assets.
  •  Scrapping of assets, Transfer of assets.
  •  Post Capitalization and write up
  •  Depreciation run.
  •  Line Settle of assets under construction of
  • capital work in progress.
  •  Testing
  •  Asset Purchase Posting.
  •  Sale of Asset.
  •  Transfer of Asset.
  •  Scrapping of Asset.
  •  Testing
  •  Purchase order creation.
  •  Goods receipts.
  •  Invoices verification.
  •  Goods issue for consumption.
  •  Display material ledger.
  •  Display material document. 

Integration with SD Controlling 

  •  Basic settings for controlling
  •  Maintain Controlling Area.
  •  Activate control indicators/ components.
  •  Defining Number ranges for Controlling Area.  
  •  Creation of profit centers and profit center groups.
  •  Creation of revenue cost elements.
  •   Automatic Assignment of Revenue elements for Profit Centers.
  •  Postings to profit centers, planning and variance reporting.

Cash Flow  

  •   Direct Method.
  •   Indirect Method
  •   Report of Variance analysis.
  •   Maintain Planning Versions.
  •   Cost Element Accounting
  •   Creation of Primary and Secondary Cost Elements.
  •   Creation of Cost Element Groups.
  •   Primary cost element categories and secondary cost element categories.

Price Comparison of Quotations  

  •   Cost Center Accounting
  •   Defining Cost Center Standard Hierarchy.
  •   Creation of Cost Centers and cost center groups.
  •   Planning for cost center, posting to cost centers.
  •   Repost of Costs.
  •   Overhead Calculation.
  •   Creation and Execution of Distribution Cycle.
  •   Creation and execution of assessment cycles.
  •   Cost center reports
  •   Internal Orders
  •   Statistical Internal Order.
  •   Real Internal Order.
  •   Defining order types.
  •   Creation of internal orders.
  •   Planning of internal orders.
  •   Postings to internal order.
  •   Real Time Concepts
  •   SAP Methodology.
  •   LSMW – Legacy System Migration Workbench.
  •   (Batch Input, IDOC, BAPI)
  •   SAP Query.
  •   Transport Request Creation and Release.
  •   Tickets.
  •   FAQS

our KEY features

Real Time Projects

Learn through real-time industry projects Project. Implementation with Real-Time Scenario. 100% Live Project Work.

Live Training

We provide live trainingby Leading Faculty & Industry leaders. Assessments and interactivities are given at the end of every session such that the practical application of the theory learned can be gauged.

Course Duration :

50 to 60 Hrs Course. We provide flexible timings and schedule your batches as per your convenience.

24 x 7 Lifetime Support

Our participants can contact with trainer any time via e-mail, mobile, video, WhatsApp regarding interview preparation and study materials.

EMI Option Available

We provide EMI facility for you. Nothing stops you from learning EMI with 0% Interest

Certification & Job Assistance

Worried about placement after course Don’t Worry! Connecting Dots ERP provides career guidance to all Connecting Dots ERPs attendees. Connecting Dots ERP provides in multiple MNC’s companies SAP Consultant and our hr team will arrange an interview for our attendees.


Most frequent questions and answers

Yes, the demo Session is free of cost where we give an overview regarding the modules, teaching methods, and techniques.

Yes, we have both weekdays and weekend classes. Not only that we have classes at various timing in the morning, evening. We are adaptable according to your requirements with the goal that you can oversee both general all-day occupation and class plans.

The faculties who train the students themselves are SAP FICO working professionals holding about 8 to 9 years of work experience.

Yes ,If you have built your mind to start with SAP FICO and pursue your career into this, then it is the best choice of all. There is a great demand of SAP FICO and is increasing day by day.

All the aspects you are in search for are fulfilled by Connecting Dots ERP. Some of them are – excellent training sessions by industry expert, 100% placement assistance, real-time projects, interactive sessions and many more.