SAP FICO, which stands for Financial Accounting (FI) and Controlling (CO), is a crucial module within the SAP ERP system, responsible for managing a company’s financial data and processes.
It encompasses all aspects of financial accounting, from general ledger accounting and accounts payable to accounts receivable and asset management, along with cost management, budgeting, and financial planning.
By mastering SAP FICO, you can contribute significantly to a company’s financial health, optimize its business operations, and streamline its financial reporting.
Finding a high-quality SAP FICO course on Udemy can be a daunting task, with numerous options available.
You’re seeking a program that’s comprehensive, engaging, and taught by experienced professionals, but also tailored to your learning style and goals.
You want a course that goes beyond theory and provides practical hands-on experience to solidify your understanding and prepare you for real-world scenarios.
Based on our research and analysis, the best SAP FICO course overall on Udemy is SAP FICO (Financial Accounting & Management Accounting).
This comprehensive course, taught by a seasoned SAP FICO professional, provides a thorough understanding of the module’s functionalities, encompassing both basic and advanced concepts.
It’s structured with a focus on practical application, including real-world case studies and hands-on exercises, ensuring you develop the essential skills needed for a successful career in SAP FICO.
This is just one of many excellent SAP FICO courses available on Udemy.
Keep reading to explore our full list of recommendations and discover the perfect course to guide you on your journey to mastering SAP FICO.
SAP FICO (Financial Accounting & Management Accounting)
This course provides a solid foundation in SAP FI and CO, equipping you with the practical skills and knowledge to implement and manage these core modules.
You’ll delve into the intricacies of financial accounting, cost management, and asset accounting, becoming a valuable asset to any finance-focused organization.
You’ll begin with a comprehensive understanding of the SAP system’s core functionalities, including navigation and the ASAP Methodology – a structured approach to implementation.
The course then guides you through configuring your enterprise structure, defining company codes, financial periods, and currencies.
Mastering the creation and use of master data for customers, vendors, and banks ensures the accuracy of your financial reporting.
Moving beyond the basics, you’ll dive into document structure and postings in SAP FI.
You’ll learn to manage credit memos, one-time accounts, and posting periods with confidence.
Gaining proficiency in document change control, document reversal, and payment terms is essential for maintaining financial accuracy.
You’ll even explore the critical aspect of financial statement versions, allowing you to create different views of your financial data for diverse purposes.
Next, you’ll journey into the world of SAP CO (Controlling), where you’ll explore the fundamentals of management accounting.
Analyze actual and plan data, utilize distribution and assessment methods for cost allocation, and effectively manage internal orders – key for tracking costs and performance.
The course extends its reach to SAP Asset Accounting, covering asset master data, depreciation methods, and asset postings.
You’ll gain the ability to manage asset transactions, track asset values, and ensure accurate depreciation calculations.
Finally, you’ll delve into the enhanced functionality and integration of the new general ledger (New GL) in SAP.
You’ll learn to configure and utilize New GL, understanding cross-company code transactions and seamlessly integrating CO with FI.
The course concludes with an exploration of data migration, a crucial process for transferring data from legacy systems to SAP.
Throughout this course, you’ll engage with practical exercises, real-world scenarios, and essential hands-on experience, providing you with the confidence to navigate the complexities of SAP and contribute significantly to your organization’s success.
SAP FICO (Finance & Controlling ) Simplified For Beginners
This comprehensive course provides a strong foundation in SAP FICO, covering the fundamentals you need to succeed in this field.
You’ll gain a deep understanding of financial accounting, controlling, and the integration of FI with other SAP modules.
The syllabus starts with essential configurations, including implementation overviews, SAP LOGON basics, and SAP GUI installation.
You’ll learn about enterprise structure, fiscal year variants, chart of accounts, and key concepts like document types, number ranges, and tolerance groups.
The course covers setting up controlling areas and offers helpful solutions to common currency issues.
You’ll then dive into the practical application of General Ledger Accounting (G/L).
Learn how to create master data, post journal entries, analyze posted documents, manage open items, and handle clearing differences.
The course also covers document reversals, foreign currency transactions, interest calculations, and tax management.
Accounts Payable is explained in detail, including creating vendor master data, configuring payment terms, and processing vendor invoices.
You’ll explore down payments, noted items, and automatic payment programs (APP), giving you a solid understanding of vendor management.
Moving on to Accounts Receivable, you’ll learn how to create customer master data, post customer invoices, and clear open items.
The course covers lockbox processing, electronic bank statements, and handling customer as a vendor scenarios.
Asset Accounting is covered thoroughly, including basic configuration, GL integration, depreciation key setup, and asset master creation.
You’ll learn how to post depreciation and handle asset transactions like sale, scrapping, and asset under construction (AuC).
The course concludes by focusing on the integration of FI with Materials Management (MM) and Sales & Distribution (SD).
You’ll learn about purchase price variance, deductible taxes, and year-end activities.
The syllabus also includes important concepts like LSMW for data migration, enhancements, and real-time issue solutions.
This course prepares you for a successful career in SAP FICO.
You’ll develop the skills to configure and perform tasks related to financial accounting, controlling, and integration with other SAP modules.
SAP FICO For Beginners - A Guide to SAP Financial Accounts
This course provides a solid foundation in SAP FICO, equipping you with the essential skills to manage financial data within an SAP environment.
You’ll gain a thorough understanding of core concepts like setting up a company code and configuring fiscal year variants, which are crucial for defining your financial reporting structure.
The course dives deep into general ledger accounting, guiding you through creating a chart of accounts, defining account groups, and understanding posting keys.
You’ll learn how to post documents to the general ledger journal, a fundamental process in SAP FICO.
You’ll also explore accounts payable and accounts receivable, learning how to manage vendor and customer accounts, including defining number ranges, posting document entries, and managing credit control areas.
The course goes beyond the basics by introducing you to asset accounting, a vital area in SAP FICO.
You’ll learn how to assign a chart of depreciation to a company code, create asset accounts for different asset classes, and understand the basics of account determination.
You’ll also gain valuable insights into treasury functionality, learning about lockbox creation, setting payment settings for lockboxes, defining posting data, and creating treasury document symbols.
Finally, the course delves into cost controlling, a key aspect of managing your organization’s finances.
You’ll learn how to configure controlling areas, assign document number ranges, create cost elements, and manage cost centers and activity types – essential elements for effective cost management.
SAP FICO-Electronic Bank Statement(EBS)+Lockbox
This course provides a comprehensive exploration of SAP FICO’s Electronic Bank Statement (EBS) processing and Lockbox functionality, equipping you with the practical skills to confidently navigate these critical modules.
You’ll begin by delving into the fundamental business processes surrounding EBS, understanding the flow of transactions and relevant journal entries.
You’ll gain a thorough understanding of the MT940 statement file format and the intricacies of the algorithms that drive EBS processing.
The course then transitions into practical hands-on learning, guiding you through configuring and testing various scenarios, including online processing with algorithms 20 and 21, batch processing, and on-account posting.
You’ll master the configuration and testing of the cheque processing algorithm (011), including the post-processing steps using FEBAN.
You’ll gain proficiency in leveraging tools like SAP_EBS_SEARCH_STRING, understanding its configuration and testing through practical exercises.
The course explores the concept of BDC fields and their role in EBS processing.
The learning journey extends into advanced topics like EBS enhancements, where you’ll delve into user-exits to customize the system to meet specific business needs.
You’ll gain a firm grasp of the Application Development Environment (APP-DME), its business process flow, and the configuration of automatic payment programs.
You’ll master the configuration of the format tree, including its segments, nodes, and attributes.
The course also includes a valuable bonus section on Lockbox, covering its concept, configuration, file format, and testing procedures.
Finally, you’ll explore the complete functional configuration and testing of APP-IDOC, learning to configure IDOCs for vendor master data and invoice posting, and effectively test the process.
Best SAP FICO Tutorial For Beginners & Freshers (SAP ERP)
You’ll jump right into the action by learning how to access the SAP server and practice your skills in a real-world environment.
The course starts by introducing you to SAP’s Accelerated SAP Implementation Methodology (ASAP), guiding you through the setup of an enterprise structure and crucial basic settings such as posting periods and fiscal years.
You’ll then dive deep into the heart of FI, learning to create charts of accounts, account groups, and GL accounts.
You’ll gain hands-on experience with document posting, a critical skill for real-world scenarios, and learn how to manage hold and park documents.
The course emphasizes the vital integration of FI with other SAP modules like Materials Management (MM) and Sales and Distribution (SD), giving you a comprehensive understanding of how these systems work together.
Beyond the basics, you’ll explore Accounts Payable (AP) and Accounts Receivable (AR), learning how to set up vendors, process invoices, manage customer payments, and even handle withholding tax.
Finally, you’ll delve into the world of Asset Accounting (AA), an essential component of SAP FICO.
This section will teach you how to configure the system and test its functionality, providing you with the knowledge you need to effectively manage fixed assets.
You’ll be well-equipped to tackle real-world tasks and confidently navigate the intricacies of the SAP system.
SAP FICO- APP-DMEE From Scratch to Advance
This course walks you through the process from understanding basic business process flow to mastering advanced techniques like exit module implementation.
You’ll gain a strong understanding of DME format trees, including their structure, attributes, and configuration.
The course delves into practical aspects like unit testing, debugging, and troubleshooting DME tree issues.
You’ll also learn how to leverage powerful features like ATOMS, conditions, and aggregation to create efficient and complex payment automation workflows.
The strength of this course lies in its hands-on approach.
You’ll learn by doing, applying the concepts to real-world scenarios.
The inclusion of detailed examples and practical exercises reinforces your understanding and equips you with the skills to confidently implement and maintain DME trees within your SAP environment.
While the course effectively covers the technical aspects of DME tree management, it could benefit from more detailed explanations of some advanced concepts, particularly for those new to SAP FICO.
Additionally, incorporating real-world case studies and industry best practices would further enhance the learning experience.
SAP FICO Product Costing - Simplified For Beginners
You’ll gain a solid foundation in basic configuration, tax procedures, and controlling principles.
The hands-on approach, coupled with downloadable notes and resources, makes learning engaging.
The integration of MM and GL is well-covered, highlighting the crucial role of master data management.
You’ll delve into the complexities of Cost Center Planning, exploring the creation of various master data types and gaining a nuanced understanding of Price Calculation concepts.
The course’s strength lies in its detailed exploration of product costing.
You’ll master Cost Component Structure configuration, Costing Variant configuration, and learn to execute standard cost estimates effectively.
The comprehensive coverage of costing sheets and templates, along with examples of real-world applications, ensures you’ll gain practical skills.
However, it’s worth noting that the course’s focus on configuration might leave some learners seeking more in-depth exploration of specific functionalities within the FI and CO modules.
Additionally, the lack of real-world case studies or industry-specific examples might limit its applicability for certain learners.
Those seeking advanced techniques or industry-specific insights might find it beneficial to supplement their learning with additional resources.
SAP FICO for everyone
You’ll gain a deep understanding of the General Ledger, including the Chart of Accounts, Posting Periods, and Posting Keys.
You’ll learn to navigate the intricacies of posting transactions using TCode FB50, ensuring accuracy and compliance with best practices.
The course also delves into essential areas like Document Types, Fiscal Year setup, and the intricacies of managing both Accounts Payable and Receivable, equipping you with the tools to handle customer payments, outgoing payments, and down payment processes effectively.
Beyond these fundamentals, the course explores advanced concepts like Asset Accounting, including depreciation and asset management.
You’ll gain a practical understanding of tax management, including Withholding Tax and Sales and Purchase taxes.
The syllabus also emphasizes the importance of managing foreign currency valuations, a crucial element in today’s globalized business environment.
While the course provides a solid theoretical foundation, its strength lies in its practical approach.
You’ll have ample opportunities to apply your learning through hands-on exercises and real-world scenarios, making it easier to translate knowledge into practical skills.
SAP FICO Touch The Finish Line (3 Months free access)
You’ll start with the fundamentals, gaining a solid understanding of SAP FICO’s basics, including navigation, FI organizational structure, company code setup, and essential accounting concepts that underpin the system.
The course quickly delves into the core of SAP FICO, exploring vital components like the Chart of Accounts, General Ledger, and Sub-Ledger.
You’ll learn to master FI tolerance groups, understand document types and posting keys, and master date management within SAP FI documents.
But the true value lies in the hands-on experience.
You’ll learn to perform simple postings using FB01, clear open items in the GL, and utilize crucial field status groups.
You’ll also discover how to create recurring entries, manage House Bank and Account ID’s, and post vendor invoices effectively.
The course tackles complex scenarios, exploring Vendor Master data and Non-PO based invoice processing, including manual invoices and outgoing payments.
You’ll understand partial and residual payments, as well as the functionalities of the automatic payment program.
Beyond that, you’ll learn to manage vendor down payments, explore Electronic Bank Statement functionality, and delve into configuration and troubleshooting.
The course then introduces the financial impact of procurement processes in SAP, showing how purchase orders integrate with FI and how to post to cost centers.
You’ll also explore the intricate connection between SAP FI and MM (Materials Management), learn to manage customer account groups, create customer manual invoices, and process incoming invoices and partial payments.
The course delves into SAP Credit Management, including automatic credit control, and guides you through configuring and running dunning processes.
You’ll then delve into Lockbox Configuration and File Processing, learning how to handle foreign currency revaluation.
The course also introduces the exciting world of Controlling, guiding you through functional introductions, area configuration, and GL, Cost Element, and CCA Posting processes.
You’ll learn how to create and post to cost centers and profit centers, and understand the intricacies of the OKB9, 3KEH, and 3KEI transactions.
You’ll explore Overhead Cost objects and the process of Cost Center Allocation, including reposting and distribution.
The course delves into activity allocation, activity types, SKF, and real and statistical postings, alongside the important concept of internal orders.
You’ll learn how sales orders integrate with FI, and how SD (Sales & Distribution) integrates with FI and COPA (Costing-Based Product Costing).
The course provides a thorough understanding of COPA, compares Classic GL and New GL, and even introduces HANA and S4 HANA systems.
This comprehensive approach, combined with the real-time scenarios and functional understanding aspects, promises to give you a solid foundation in SAP FICO, setting you up for success in your career.
SAP FICO For Beginners and Freshers (Finance & Controlling)
You’ll get a comprehensive overview of core functionalities, starting with navigating the SAP system and setting up your company.
The course dives into essential topics like general ledger accounting, accounts payable, and accounts receivable, guiding you through creating master data, posting documents, and managing vendor and customer accounts.
You’ll also gain a strong understanding of asset accounting, covering asset classes, depreciation keys, and asset retirement.
The course then moves onto the crucial integration of FI with other SAP modules like Materials Management (MM) and Sales & Distribution (SD), showcasing how financial aspects connect with other business processes.
You’ll learn about purchase orders, goods receipts, and billing documents, solidifying your understanding of these interactions.
The syllabus progresses to more advanced concepts like financial statements, document splitting, and year-end activities.
You’ll even explore the Legacy System Migration Workbench (LSMW), a powerful tool for data migration from older systems to SAP.
The course delves into important areas like SAP Controlling, where you’ll gain knowledge of cost centers, profit centers, and internal orders.
You’ll also discover SAP’s valuable tools, like the “FAGL_FC_VAL” report for foreign currency valuation and IDOCs for data transfer.
Practical insights into electronic bank reconciliation and validation and substitution round out the curriculum.
To solidify your learning, the course incorporates quizzes and examples, providing valuable practice before tackling the SAP FI certification exam (C_TFIN52_67).
This comprehensive introduction to SAP FICO equips you with the fundamental knowledge and skills needed for a successful career in finance and controlling within SAP.