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Course Description

SAP FI/CO (Finance and Cost Controlling)

SAP FICO is the Finance and Cost Controlling module in SAP ERP where FI stands for Financial Accounting and CO stands for Controlling. SAP FICO module is very sturdy which covers almost all business processes in various industries. It is one of the very important and widely implemented modules in SAP.

It is used to store the financial data of an organization. SAP FI helps analyze the financial conditions of a company in the market. It can integrate with other SAP modules like SAP SD, SAP PP, SAP MM, SAP SCM, etc.

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 centres, internal orders, and other cost elements and functional areas.

At Version IT, SAP FICO training is a unique experience for the individuals as well as corporate clients. Version IT offers best SAP FICO training and it has been recognized as the top SAP FICO training institutes located at Ameerpet in Hyderabad. Because of its real-time training, job aspirants make a beeline to Version IT as it has gained popularity with its highly qualified faculty.    

Highlights: There are several sub-modules in SAP FICO course which are mostly real-time. Uses of SAP FICO are as follows. Usually, companies maintain general ledger accounts using SAP modules. They may need a set of public ledger accounts for preparing reports of financing statements. The daily transactions will be recorded in sub-modules and they will be reconciled in the general ledgers. There are four sub-modules – Account receivables, Accounts payables, Asset accounting and Bank accounting.

Highlights: There are several sub-modules in SAP FICO course which are mostly real-time. Uses of SAP FICO are as follows. Usually, companies maintain general ledger accounts using SAP modules. They may need a set of public ledger accounts for preparing reports of financing statements. The daily transactions will be recorded in sub-modules and they will be reconciled in the general ledgers. There are four sub-modules – Account receivables, Accounts payables, Asset accounting and Bank accounting.

Accounts Receivables (AR): It is a kind of sub-modules in the accounting which will register all transactions with company’s customers and managing the accounts of the customers. Using this sub-module, it will be easy to manage separate customer accounts and the transactios don in customer accounts. It will automatically update the data and made reconciliation of accounts. In general, the transactions include execution of customer reports, invoice posting, credit memo posting, bill payment, dunning and down payments.

Accounts payables (AP): ): Simply, it is a vice-versa for AR where the sub-module oversees the account payables by capturing transactions with vendors and maintains their accounts. Whenever the purchases are made, they will be put together in the accounts of vendors. The accounts of reconciliation are shown in the general ledger. It shows real-time accounts after updating soon after the transaction is made. The transactions include posting of invoice, payments, invoice payment, credit memos and finally preparing vendor reports.

Asset Accounting (AA): Asset accounting is another important sub-module in the business for a company to manage and maintain different assets including infrastructure, machinery, structures and son on. The transactions related to asset acquisition, asset sale, asset purchase, asset revaluation, asset retirement, asset transfer and asset depreciation are managed in this sub-module.

Bank Accounting (BA): The sub-module captures transactions done with the bank. It automatically reconciles the transactions and reflects in the bank statements with comparison of sales data.

Version IT has unique specialization in SAP FICO training in Hyderabad having an experienced faculty. Version IT training institute is popular among the academia and known for its best SAP FICO training at Ameerpet in Hyderabad. Version IT offers SAP FICO real-time training in Hyderabad. Version IT facilitates SAP FICO online training for its candidates to enable distance learning. Individuals and corporates prefer Version IT considering its training methods and easy-to-learn techniques.

Venkat Chowdary Challa Profile

Venkat Chowdary Challa is a renowned educationalist and highly qualified trainer. He did his and excelled in Chartered Accountancy (CA) and ICWA. He also completed CS final and secured GST certification. Venkat Chowdary Challa championed as all India ranker in ICWA final examinations and secured best score in ICWA final in costing with 90 marks.

He is acclaimed as the best sap trainer with a total of 14 years of experience and 8 years exclusively in SAP modules. He is highly adaptable IT specialist and has vast experience in training for SAP FICO, FSCM and TRM. He conducted training in SAP for mid to large size companies and well-experienced in corporate training, development, product development, business operations and strategy. Having professional qualification like CA and ICWA, Venkat Chowdary Challa is working with SAP R/3, S/4 HANA. He is best chosen trainer for corporate trainings and thousands of IT consultants, who underwent training with him are settled across the globe. He acquired a great experience in installation and configuration of variousn SAP products.  

Venkat Chowdary Challa covers wide-range concepts in detail including:

  • FI-MM integration
  • FI-SD integration
  • FICO integration
  • GST
  • LSMW, IDOC, Validations & Substitutions, DME etc.

Why to choose Version IT for SAP FICO training?

  • At Version IT, the faculty deals the subject with practical orientation.
  • It makes you go ease to work in SAP industry with linking of SAP subject with core subject
  • GST-certified trainer ensures students to get best training in SAP taxation with go-easy methods.
  • We train the students SAP FICO training from scratch. In other words, we make them to convert from manual to different phases of different ERP systems and finally takes you into SAP R/3 as well as S4 HANA.
  • The SAP FICO course covers in detail to enable the students to understand accounting services and learning applications into SAP.

SAP FICO – Course Content

SAP FICO is the Finance and Cost controlling module in SAP ERP where FI stands for Financial Accounting and CO stands for Controlling.


  • Introduction to ERP, Advantages of SAP over other ERP Packages
  • Introduction to SAP R/3 – S/4 HANA Finance
  • 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.

        II. Financial Accounting Basic Settings:

  • Set Countries and Currencies, Region, Language, Calendar, Quotations, Exchange Rate Type, Exchange Rate, Exchange rate spreads.
  • Creation and assignment of company and company code
  • Creation of business area, Consolidation Business area, Functional Area, Financial Management Area, Segment and Credit Control Area.
  • Creating Leading, Non- Leading and Rep Ledger.
  • 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.
  • Tolerance Groups Define & Assign.
  • Maintenance and assignment of field status variants
  • Defining and assignment of tolerance groups of employees
  • Taxes on Sales & Purchases (Basic Settings)
  • Creation of Chart of Accounts
  • Defining Accounts Groups
  • Defining Retained Earnings Account.
  • Defining tolerance groups for G/I accounts. reversal of cleared items and reversal of accrual and deferral documents.

III. General Ledger Accounting:

  • Creation of General Ledger Master (with and without reference)
  • LSMW- Legacy System Migration Workbench.
  • 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
  • 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 the display of GL line items.
  • Create Screen Layouts.


  • 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,


         IV. Bank Configuration.

  • House Bank.
  • Bank account interest calculation
  • Cash Journal.
  • Validations For Cash Journal.
  • Substitutions for Cash Journal.
  • Lockbox Principles
  • Bank Reconciliation Statements.
  • Automatic Bank Reconciliation.
  • Manual Bank Reconciliation.
  • Various Methods of Bank Reconciliation Statement
    • Multicast
    • BAi 1

   V. Testing

  • Individual check payment.
  • Manual check payment.
  • Check registrar.
  • Check encashment
  • Validation Principles for Check Management

VI.  Accounts receivable:

  • Creation of customer account groups and assignment of number ranges
  • Creation of tolerance group for customers
  • Creation of customer master (display/change/block/unblock of vender master)
  • Item Interest Configuration.
  • Down Payment Receive.
  • Bills Receivable.
  • Customer Terms.
  • Customer Discounts & Types.
  • Reserve for Bad-debts.
  • Risk Management.
  • Configuration of settings for Dunning.
  • Automatic Clearing.

       VII. Reserve For Bad debts. (RBD)

  1. Basic Settings
  2. Master Data.

           VIII. Accounts Payable

    • Creation of vendor account groups and assignment of number ranges
    • Creation of vendor master (display/change/block/unblock of vender master)
    • Creation of tolerance group for venders
    • Item Interest Configuration.
    • Down Payment paid.
    • Bills payable.
    • Terms of Payment.
    • Vendor Discounts.
    • 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.


      IX. Taxes

    1. Input Tax.

    2. Output Tax.

    3. Excise Tax. (In-depth)

    4. Service

    5. Customs Tax

    6. Professional tax

    7. Withholding Tax.

    8. Global Taxes.

    9. GST (In-depth)



    • 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 transactions).
    • Posting of partial Payment & Residual Payment.
    • Payment to vendors through APP.
    • Asset under Construction.

    Xii. Data Migration

    1. LSMW – Legacy System Migration Workbench.


    Asset Accounting

    • Defining chart of depreciation
    • Defining account determination, screen layout, number ranges, and asset classes.
    • Integration with General Ledger & Posting rules.
    • 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.
    • The scrapping of assets, Transfer of assets.
    • Post Capitalization and write up.
    • Depreciation run.
    • Line Settle of assets under construction of capital work in progress.


    1. Asset Purchase Posting.
    2. Sale of Asset.
    3. Transfer of Asset.
    4. The scrapping of Asset.
    5. IX. Cross- Company Code Transactions.

           X. Integration with MM.

      • Movement types.
      • Valuation class.
      • Valuation area.
      • Process key.
      • Valuation grouping.
      • Material types.
      • Define plant.
      • Define division.
      • Maintain storage location.
      • Maintain purchasing organization.
      • Assign plant to company code.
      • Assign business area to plant/valuation area and division.
      • Assign purchasing organization to company code.
      • Creation of material group.
      • Maintain company code for material management.
      • Define the attributes of material types.
      • Set a tolerance group for purchase orders.
      • Set tolerance limits group for goods receipt.
      • Plant parameters.
      • Maintain default values for tax codes.
      • Set tolerance limits for goods receipt.
      • Plant parameters.
      • Maintain default values for tax codes.
      • Set tolerance limits for invoice verification.
      • Define automatic status change.
      • Group together valuation areas.
      • Configure automatic posting.
      • Document type & number ranges.
      • Material master creation.
      • To open material periods.


      • Purchase order creation.
      • Goods receipts.
      • Invoices verification.
      • Goods issue for consumption.
      • Display material ledger.
      • Display material document.
      • Integration with SD.
      • Define sales organization.
      • Define distribution channel.
      • Define shipping point.
      • Assign sales organization to company code.
      • Assign distribution channel to sales organization.
      • Assign division to sales organization.
      • Setup sales area.
      • Assign sales organization distribution channel plant.
      • Define rules by sales area.
      • Assign shipping point to plant.
      • Define pricing procedure determination.
      • Define tax determination rules.
      • Assignment of accounts for automatic postings.
      • Setup partner determination.
      • Assign shipping points.
      • Creation of condition types.


      • Sales order creation.
      • Delivery.
      • Billing document.
      • Transport Requests.
      • User Creation.
      • Create users.
      • Role Authorizations.
      • Assign Tolerance to Users.
      • FI/ SD Credit Management.
      • Define credit controlling areas.
      • Decentralized credit management.
      • Central credit management.
      • Credit controlling are 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.
      • integration with HR.
      • Define symbolic accounts.
      • Defining wages types.
      • Mapping wages types to symbolic Accounts.
      • Mapping symbolic accounts to G/L Accounts.
      • Payroll posting with amount of changes.
      • Reverse posting.
      • Check completeness.
      • Utilizing the payment program.
      • Cutover Activities.

      1. Inventory Takeover.

      2. Receivable Takeover.

      3. Payable Takeover.

      4. Asset Takeover.

      5. Other GL Takeover.

      • Final Preparation.
      • Define Financial Statement Version.
      • Balance carry forward Balances.
      • Month ending Activities.
      • Structure of Account Balances.
      • FICO Tables.
      • Reports.
      • Financial statement version.
      • General Ledger, Accounts Payable, Accounts Receivable and Assets Reports.
      • User Define Reports.



      • Basic settings for controlling
      • Maintain Controlling Area.
      • Activate control indicators/ components.
      • Defining Number ranges for Controlling Area.
      • 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.
      • 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.
      • Report of Variance analysis.
      • Profit Center Accounting.
      • Basic Settings for Profit Center Accounting.
      • Creation of Dummy Profit Centers.
      • Maintaining versions for-profit centers.
      • 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.
      • Commitment Management.
      • Budgetary Control
      • Cash Flow.
      • Direct Method.
      • Indirect Method
      • Product Costing.
      • Define Cost Sheet.
      • Define cost component structure.
      • Define MRP controller.
      • Define production controller.
      • Create bill of material.
      • Creation of work center.
      • Creation of routing.
      • Creation of cost estimate with quality structure.
      • Profitability Analysis.
      • Defining the operating concern.
      • Define profitability segment characteristics.
      • Activating the profitability analysis.
      • Creation of data structures.
      • Follow of actual values.
      • Creation of reports.
      • Execution of reports.
      • Define forms.

      Real Time Concepts:

      • SAP Methodology.
      • LSMW – Legacy System Migration Workbench.

      (Batch Input, IDOC, BAPI)

      • Data Migration, LSMW, BDC, ALE/EDI and IDOCS.
      • Controlling (In depth).
      • SAP Query.
      • Transport Request Creation and Release.
      • Tickets.
      • FAQS.


      part 1

      1. Enterprise Structure IN FICO, SD & MM
      2. Financial accounting global settings & mm settings
      3. Partner Determination-SAP CIN Training
      4.  Master data of GL , customer ,vendor , material ,
      5.  Transaction postings – Procure 2 pay & order 2 cash

        • Difference between TAXINJ & TAXINN
        • Condition types
        • Condition table-SAP CIN Training
        • Access sequences
        • Calculation Procedure
        • Check and Change Settings for Tax Processing
        • Define Tax Codes for Sales and Purchases
        • Define Tax Accounts
        • Assign Tax Codes for Non-Taxable Transactions
        • Transaction postings – In Fico, Procure 2 pay & order 2 cash


        • Basic Settings
        • Withholding Tax Keys
        • Business Places
        • Withholding Tax Type
        • Withholding Tax Code
        • Surcharges-SAP CIN Training
        • Accounts for Withholding Tax
        • Certificate Numbering for Withholding Tax
        • Remittance Challans
        • Withholding Tax Certificates for Vendors and Customers

        PART-4 (EXCISE)

        Basic Settings:

        • Pricing procedure
        • Maintain Excise Registrations
        • Maintain Company Code Settings
        • Maintain Plant Settings
        • Maintain Excise Groups
        • Maintain Series Groups
        • Maintain Excise Duty Indicators
        • Maintain Excise Defaults
        • Assign Tax Code to Company Codes

        Master Data

        • Maintain Chapter IDs
        • J1ID-SAP CIN Training
        • Account Determination
        • Specify G/L Accounts per Excise Transaction
        • Specify Excise Accounts per Excise Transaction

        Settings in SD

        • Assign Billing Types to Delivery Types
        • Maintain Default Excise Groups and Series Groups
        • ARE1-Procedure
        • Number Range



        • Introduction to ERP
        • Navigation System-wide
        • Concepts Enterprise Structure



        • Basics of Procurement Process
        • Purchase Requisition / Indent Processing
        • Request for Quotation and Quotation Processing
        • Procurement of Stock Material-SAP CIN Training
        • Procurement of Consumable Material
        • Procurement of External Services
        • Blanket / Framework Procurement
        • Reporting in MM Section


        • Material Master / Service Master
        • Vendor Master
        • Purchase Info Record
        • Quota Arrangement
        • Source List
        • Condition Records



        Planning Run

        Lot-Size Calculation-SAP CIN Training

        Reorder Point Planning


        • Introduction to Purchasing Details
        • Contracts / Outline Agreements
        • Source Determination


        • Inventory Management: Overview
        • Goods Receipts-SAP CIN Training
        • Reservations and Goods Issues-SAP CIN Training
        • Stock Transfers and Transfer Postings
        • Physical Inventory Management


        • Consignment
        • Subcontracting
        • Pipeline Process


        • Introduction to Material Valuation-SAP CIN Training
        • Valuation and Account Assignment / Automatic Account Determination
        • Material Price Changes


        • Introduction to Invoice Verification
        • Basic Invoice Verification Procedure
        • Variances and Blocking Reasons
        • Invoice Reduction
        • Invoices for POs with Account Assignment
        • Delivery Costs
        • Subsequent Debits/Credits
        • Credit Memos and Reversals
        • ERS
        • Releasing Blocked Invoices
        • GR/IR Account Maintenance
        • Customizing for Invoice Verification


        • Document Release (Approval) Procedure
        • Batch Management overview

        SECTION 11: ASAP

        • ASAP Overview Implementation Roadmap


        • Implementation Projects
        • Support Projects
        • Enhancement / Re engineering Projects
        • Roll Out Projects-SAP CIN Training
        • Up gradation Projects


        • Reports
        • Interfaces
        • Conversions
        • Enhancements
        • Forms


        • Introduction to LSMW
        • Introduction to Tables / Customer Exits / Badi’s
        • Introduction to Support Tools
        • Resolving Tickets
        • Interview Questions

        Unit-1 (Introduction)

        1. GST Overview
        2. Impact on SAP
        3. Pre-Requisite Approach
        4. SAP Solution Release
        5. Unit-2 (Organization Data)

          • HSN & SAC Codes
          • GST Tax A/C

          Unit- 3 (Master Data)

          • Service Master
          • Vendor Master
          • Customer Master
          • Material Master

          Unit -4 (Tax & Pricing Procedure)

          • Procurement (P2P)
          • Sales (OTC)

          Unit- 5 (Business Process)

          • Inward Tax
          • Outward Tax
          • Special Scenario –STO
          • Special Scenario – Subcontracting
          • Finance Scenario

          UNIT- 6 (GST Implementation)

          • GST Implementation Study
          • GST Implementation Plan
          • GST Implementation Testing
          • GSTImplementation Cut-over

          Uint-7 (Appendices)

          • SAP Notes
          • FAQ

          Unit-8 (Appendices)

          • SAP GST JAMPAGE
          • FAQ

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