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SAP FICO (Finance & Controlling ) Simplified For Beginners

4.4 Filled star Filled star Filled star Filled star Empty star
Based on 8,101 ratings
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R eLearning Solutions

Dear Students,

Complete Notes available for reference.please check lecture-17 of section-2 for notes.

This course is designed in such a way that any beginners or freshers  from any different domain can learn

If you observe many faculties are putting more stress on explaining "how to do the configuration" but when you go for interview, the interviewer will asks you about “why to do”  i.e. logic behind  configuration.

In this Course both are covered "how to do" and "why to do"

To explore further ,please check preview videos.

Who this course is for:

Read more

Dear Students,

Complete Notes available for reference.please check lecture-17 of section-2 for notes.

This course is designed in such a way that any beginners or freshers  from any different domain can learn

If you observe many faculties are putting more stress on explaining "how to do the configuration" but when you go for interview, the interviewer will asks you about “why to do”  i.e. logic behind  configuration.

In this Course both are covered "how to do" and "why to do"

To explore further ,please check preview videos.

Who this course is for:

  • Anyone who wants to learn

    SAP S/4 HANA Notes Attached to Section-19  Video Resource.

    This Course is designed to become Successful

    SAP FI stands for Financial Accounting and it is one of important modules of SAP ERP. It is used to store the financial data of an organization. SAP FI helps to analyze the financial conditions of a company in the market. It can integrate with other SAP modules like

    SAP Controlling (CO) is another important SAP module offered to an organization. It supports coordination, monitoring, and optimization of all the processes in an organization. SAP CO includes managing and configuring master data that covers cost and profit centers, internal orders, and other cost elements and functional areas.

    This tutorial will be extremely useful for professionals who aspire to learn the ropes of It is especially going to help consultants who are mainly responsible for implementing Financial Accounting and Cost Accounting with

    Disclaimer

    1. SAP is a registered trademark of SAP AG in Germany and many other countries. I am NOT associated with SAP.

    2. SAP software and SAP GUI are proprietary SAP software. Neither Udemy nor me are authorized to provide SAP Access.

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What's inside

Learning objectives

  • Complete configuration of all business process & end-user testing
  • Learn how to add fiori app to launchpad and also learn launchpad - designer
  • Learn s4/hana configuration for gl, ap , ar, fiori- check curriculum for all topics
  • Get hands-on experience of sap fico- complete general ledger accounting
  • Get hands-on experience of sap fico- complete accounts payable accounting
  • Get hands-on experience of sap fico- complete accounts receivable accounting
  • Get hands-on experience of sap fico- complete asset accounting
  • Get hands-on experience of sap fico- bank accounting -house bank
  • Get hands-on experience of sap fico- intercompany postings and configuration
  • Get hands-on experience of sap material management (mm) integration with finance
  • Get hands-on experience of sap sales & distribution (sd) integration with finance
  • Learn complete year end activities in sap for finance module
  • Learn data migration tool -lswm
  • Get hands-on experience of using sap query - user specific as well as global
  • Get hands-on experience of sap validation and substitution
  • Learn how to transport request will be moved in real-time
  • Understand how abap user-exit will be implemented ( live implementation done in this course)
  • Get hands-on experience of different payment method available in sap ( practically shown many scenarios)
  • Get hands-on of complete tax on sales & purchase configuration & testing
  • Show more
  • Show less

Syllabus

SAP_FICO_Basic Configuration
SAP Implementation Project Overview
Understanding SAP LOGON Basics and Tricks
SAP GUI Installation
Read more

Traffic lights

Read about what's good
what should give you pause
and possible dealbreakers
Provides complete configuration of business processes and end-user testing, which is helpful for those new to SAP FICO
Covers both the 'how to do' and 'why to do' aspects of SAP FICO configuration, which is essential for understanding the logic behind the processes
Offers hands-on experience with SAP Material Management (MM) and Sales & Distribution (SD) integration with Finance, which is valuable for consultants
Explores how transport requests are moved in real-time, which is a crucial aspect of managing SAP environments and is useful for consultants
Requires SAP software and SAP GUI, which are proprietary and may require a separate license or access, which may be a barrier to some learners
Teaches ABAP User-Exit implementation, which may require some familiarity with ABAP programming, which may be a barrier to some learners

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Reviews summary

Sap fico comprehensive beginner introduction

According to learners, this course offers a largely positive (positive) and comprehensive introduction (positive) to SAP FICO (neutral) for beginners (positive). Students appreciate the detailed explanations (positive), which cover both the practical "how-to" and the underlying theoretical "why". The course is often described as easy to understand (positive), making complex SAP concepts accessible. Many reviewers found the practical demonstrations (positive) and coverage of real-time scenarios (positive) particularly helpful for gaining hands-on experience (positive) and preparing for the job market. While the course structure and instructor's teaching style (positive) are frequently praised, some learners note that the lack of direct access to an SAP system for personal practice is a significant limitation, although this is often expected for external courses.
Requires external access for hands-on practice.
"The biggest drawback is not having direct access to an SAP system to practice alongside the videos."
"While the course is good, not being able to follow along in a live system makes it harder to retain information."
"I wish there was a way to get temporary SAP access provided with the course."
"Understanding the concepts is great, but practical application is limited without system access."
Course content aids in preparing for interviews.
"This course helped me a lot in preparing for my job interview."
"I feel much more confident discussing SAP FICO in interviews after taking this course."
"The real-time issues and solutions discussed are very relevant for professional roles."
Instructor is praised for clear and simple teaching.
"The instructor explains things very simply and clearly, making complex topics easy to grasp."
"I really liked the instructor's teaching style; very methodical and easy to follow."
"Excellent explanation and examples by the instructor."
"The way the instructor breaks down the concepts is fantastic."
Includes hands-on demonstrations and real-time examples.
"The hands-on demos and real-time scenarios were very practical and helped solidify my understanding."
"Seeing the configurations and end-user steps demonstrated was extremely valuable."
"The practical examples shown made it easy to grasp how things work in a real SAP environment."
"I found the demonstrations helpful for visualizing the concepts taught."
Explains both practical steps and underlying logic.
"The course brilliantly covers both the 'how to configure' and the 'why we configure' which is crucial for understanding."
"I appreciated the focus on the logic behind the configurations, not just the steps."
"Explaining the 'why' is a major strength of this course compared to others."
"It's great that the instructor doesn't just show you how to do things, but explains the business reason."
Excellent starting point for SAP FICO newcomers.
"This course is an excellent starting point for beginners interested in SAP FICO. The concepts are explained simply and clearly."
"As a beginner, I found this course incredibly easy to follow and understand. It covers all the basics needed to start."
"Perfect course for someone new to SAP FICO. It simplifies complex topics effectively."
"Provides a solid foundation in SAP FICO for anyone starting out."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in SAP FICO (Finance & Controlling ) Simplified For Beginners with these activities:
Review Basic Accounting Principles
Reinforce foundational accounting knowledge to better understand SAP FICO's financial accounting aspects.
Show steps
  • Review the accounting equation (Assets = Liabilities + Equity).
  • Understand the difference between debits and credits.
  • Familiarize yourself with the chart of accounts.
Review 'Accounting for Dummies'
Solidify understanding of accounting principles before diving into SAP FICO configurations.
View Accounting All-in-One For Dummies (For Dummies... on Amazon
Show steps
  • Read chapters on financial statements and general ledger accounting.
  • Complete practice problems related to journal entries.
Follow SAP FICO Configuration Tutorials
Practice configuring SAP FICO modules using online tutorials to gain hands-on experience.
Show steps
  • Find tutorials on configuring General Ledger accounting in SAP.
  • Follow the steps to configure a chart of accounts.
  • Document the configuration steps for future reference.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Practice Posting Journal Entries in SAP
Reinforce understanding of journal entries by practicing posting them in the SAP system.
Show steps
  • Create sample business transactions.
  • Post the corresponding journal entries in SAP.
  • Analyze the impact of the entries on financial statements.
Simulate a Month-End Closing Process
Apply learned concepts by simulating a month-end closing process in SAP FICO.
Show steps
  • Gather all relevant financial data for the month.
  • Perform necessary adjustments and accruals.
  • Generate financial statements and analyze the results.
Document SAP FICO Configuration Settings
Create a document outlining the configuration settings for different SAP FICO modules.
Show steps
  • Review the configuration settings for General Ledger accounting.
  • Document the settings for Accounts Payable and Accounts Receivable.
  • Include screenshots and explanations for each setting.
Explore 'SAP FICO Black Book'
Deepen understanding of SAP FICO with a comprehensive reference guide.
View Putting Knowledge to Work on Amazon
Show steps
  • Browse chapters related to areas of interest or difficulty.
  • Use the book to troubleshoot configuration issues.

Career center

Learners who complete SAP FICO (Finance & Controlling ) Simplified For Beginners will develop knowledge and skills that may be useful to these careers:
SAP Implementation Specialist
A SAP Implementation Specialist is involved with the setup and deployment of SAP software, aligning it with business needs. The SAP FICO course provides a solid foundation for this role by delving into the configurations of financial accounting and controlling modules. The course teaches not just the 'how' but also the 'why,' which is crucial for successful implementation. Hands-on experience with configurations, end-user testing, and integration between modules covered in the course will help the specialist to perform their job.
See salaries and explore the career path for SAP Implementation Specialist
SAP Consultant
A SAP Consultant specializes in implementing and customizing SAP software solutions for businesses. This role involves understanding business processes and translating them into SAP system configurations. The SAP FICO course directly addresses this by covering both the 'how' and 'why' of configurations, focusing on financial accounting and controlling modules. This course helps a consultant to configure general ledger, accounts payable, accounts receivable, and asset accounting, all critical for successful SAP implementation projects. It also tackles integration with other SAP modules, thereby preparing a consultant for a holistic implementation approach.
See salaries and explore the career path for SAP Consultant
SAP Support Analyst
A SAP Support Analyst provides technical support to end-users of SAP software. The SAP FICO course is extremely relevant for this role. The course provides hands-on experience in configuring financial accounting and controlling modules, enabling the support analyst to understand the system's functionality. The ability to perform end-user testing covered in this course will help them resolve user issues and enhance their support capabilities.
See salaries and explore the career path for SAP Support Analyst
Financial Controller
A Financial Controller is responsible for the financial reporting and strategy of a company, overseeing the accounting department and ensuring compliance. The SAP FICO course directly aligns with a financial controller by offering hands-on experience in SAP's financial accounting and controlling modules. This knowledge will assist the controller to better manage and optimize financial processes. This is because the course not only teaches how to use SAP but also explains the logic behind its configurations, which is important when making key decisions.
See salaries and explore the career path for Financial Controller
Cost Accountant
A Cost Accountant focuses on managing and analyzing cost data within an organization. This role requires a deep understanding of cost accounting principles and systems. The SAP FICO course is relevant for a cost accountant, especially the controlling module, which deals with cost and profit centers. Understanding the logic behind configurations and hands-on experience provided in this course can improve the ability to manage and control costs within an organization. It's important because SAP is a major platform for enterprise resource planning.
See salaries and explore the career path for Cost Accountant
Data Migration Specialist
A Data Migration Specialist is responsible for moving data between systems during software implementation or upgrades. This role requires knowledge of data migration tools and processes. The SAP FICO course is beneficial for such a specialist due to its inclusion of the data migration tool, LSMW, which provides hands-on experience with data transfers into SAP. Understanding the configuration and setup of SAP FICO modules, as covered in the course, will further assist the specialist in migrating data into SAP correctly.
See salaries and explore the career path for Data Migration Specialist
Financial Analyst
A Financial Analyst examines financial data, creates reports, and provides insights to assist businesses in making strategic decisions. This role requires a strong understanding of accounting principles and financial systems. The SAP FICO course provides an excellent foundation for a Financial Analyst since it focuses on the financial accounting and controlling modules of SAP, which are used to store and analyze crucial financial data. By learning to configure and use these modules, a financial analyst can gain practical experience to conduct more in-depth analysis.
See salaries and explore the career path for Financial Analyst
Financial Reporting Analyst
A Financial Reporting Analyst prepares financial statements and analyses to meet regulatory and internal requirements. This role requires strong knowledge of accounting principles and financial systems. The SAP FICO course is beneficial as it provides hands-on experience with using SAP's financial accounting and controlling modules. This includes general ledger, accounts payable, and accounts receivable configurations, all of which are crucial for accurate financial reporting. This course may be useful as it also covers month and year end activities in SAP.
See salaries and explore the career path for Financial Reporting Analyst
Management Accountant
A Management Accountant provides financial information and analysis to assist in business decision-making. This role requires a strong understanding of accounting principles and financial systems. The SAP FICO course, with its focus on the 'how' and 'why' of financial configurations, can be valuable for a management accountant, as it gives the practical hands-on experience needed to understand where business data comes from. It can help with using SAP systems to provide key insights to management more effectively.
See salaries and explore the career path for Management Accountant
Tax Accountant
A Tax Accountant prepares tax returns and ensures compliance with tax laws. The SAP FICO course is useful for tax accountants, especially due to its coverage of tax on sales and purchases. This includes configurations and testing of tax settings within SAP, which can improve the tax accountant's abilities in managing and reporting taxes accurately via an enterprise system. The course can help build a practical understanding of how tax data is integrated within a system like SAP.
See salaries and explore the career path for Tax Accountant
Accounting Manager
An Accounting Manager oversees accounting operations, ensures accuracy, and manages financial reporting. The SAP FICO course is useful for an accounting manager who is looking to enhance their understanding of how SAP systems are used in accounting. This course's focus on SAP's financial accounting and controlling modules, including configurations related to general ledger, accounts payable and receivable, can help improve efficiency and optimize financial processes. The practical hands-on experience can be extremely beneficial for the accounting manager in making more informed decisions.
See salaries and explore the career path for Accounting Manager
Internal Auditor
An Internal Auditor reviews internal controls and financial processes to ensure compliance and efficiency. The SAP FICO course may be useful for an internal auditor who is looking to understand how financial data is managed within SAP. The course covers various configurations for financial accounting and controlling modules of SAP, thereby helping the auditor to better analyze and assess internal controls. Understanding how SAP processes financial data can aid in identifying weaknesses and inconsistencies.
See salaries and explore the career path for Internal Auditor
Project Manager
A Project Manager plans, executes, and finalizes projects, ensuring they are completed on time and within budget. In a project management role, especially for SAP implementation projects, this course may be useful. The course's hands-on approach to configuring the financial modules of SAP gives project managers the system knowledge to better understand the scope of their projects. Knowing the steps involved in configuration, end-user testing, and data migration, can help project managers plan better and be more effective.
See salaries and explore the career path for Project Manager
System Analyst
A System Analyst assesses computer systems and offers solutions to make them more efficient. For a system analyst, particularly one who deals with enterprise systems, the SAP FICO course may be useful. Since it offers a thorough introduction to SAP's financial accounting and controlling modules, students can gain knowledge of SAP systems. This will help them in analyzing existing processes and suggesting improvements within the SAP framework. Knowing the logic behind system configurations can further enhance their ability to recommend solutions.
See salaries and explore the career path for System Analyst
Business Analyst
A Business Analyst identifies business needs and works with stakeholders to recommend solutions. The SAP FICO course may be useful to a business analyst, particularly those working on projects involving financial systems. By getting an understanding of SAP's financial accounting and controlling modules, they can better communicate with technical teams and understand the implications of proposed solutions. The course's focus on both 'how to' and 'why to' configure SAP may help in determining the best solutions for business requirements.
See salaries and explore the career path for Business Analyst

Reading list

We've selected two books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in SAP FICO (Finance & Controlling ) Simplified For Beginners.
Cover image
Putting Knowledge to Work
Save
Serves as a comprehensive reference guide for SAP FICO consultants and professionals. It covers a wide range of topics, including configuration, implementation, and troubleshooting. While it may be overwhelming for beginners, it valuable resource for those seeking in-depth knowledge of SAP FICO. It is best used as a reference tool to supplement the course material and address specific challenges.
Putting Knowledge to Work
Paperback
Check
Putting Knowledge to Work
Kindle Edition
Check
Cover image
Accounting All-in-One For Dummies
Save
Provides a solid foundation in accounting principles, which is essential for understanding SAP FICO. It covers key concepts like financial statements, budgeting, and cost accounting in an accessible manner. While not specific to SAP, it provides the necessary background knowledge to grasp the underlying accounting logic within the SAP system. This book is particularly helpful for those with limited prior accounting experience.
Accounting All-in-One For Dummies (For Dummies...
Paperback
$$

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Rating
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Effort
97 total hours
Via
Udemy
Instructor
R eLearning Solutions
Language
English
Traffic lights
Read about what's good
what should give you pause
and possible dealbreakers
Provides complete configuration of business processes and end-user testing, which is helpful for those new to SAP FICO
Covers both the 'how to do' and 'why to do' aspects of SAP FICO configuration, which is essential for understanding the logic behind the processes
Offers hands-on experience with SAP Material Management (MM) and Sales & Distribution (SD) integration with Finance, which is valuable for consultants
Explores how transport requests are moved in real-time, which is a crucial aspect of managing SAP environments and is useful for consultants
Requires SAP software and SAP GUI, which are proprietary and may require a separate license or access, which may be a barrier to some learners
Teaches ABAP User-Exit implementation, which may require some familiarity with ABAP programming, which may be a barrier to some learners
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