What is SAP MM-FICO Dual Expertise Course?

This course provides comprehensive training in both SAP Materials Management (MM) and Financial Accounting and Controlling (FICO) modules, offering expertise in procurement, inventory management, and financial processes within SAP ERP.

Who is this course designed for?

This course is designed for ERP consultants, business analysts, supply chain professionals, finance professionals, project managers, and anyone seeking to enhance their skills in SAP MM and FICO integration.

What topics are covered in the course curriculum?

The curriculum typically covers procurement processes, inventory management, financial accounting, cost management, integration points between MM and FICO, configuration settings, and best practices.

How does this course benefit my career in SAP?

This course enhances your employability by providing dual expertise in two critical SAP modules, opening up opportunities for SAP consultancy, project management, business analysis, and more.

SAP MM-FICO refers to the integrated management of materials, procurement, and financial accounting and controlling within the SAP ERP system.

What are the main components of SAP MM-FICO?

SAP MM focuses on materials management, procurement, and inventory, while FICO handles financial accounting, cost management, and reporting.

What are the career prospects after completing a SAP MM-FICO course?

Career opportunities include SAP consultant, business analyst, supply chain manager, financial controller, project manager, and more.

What are the benefits of learning SAP MM-FICO?

Learning SAP MM-FICO enhances career prospects, provides a comprehensive understanding of end-to-end business processes, and facilitates effective integration between procurement and financial functions within organizations.

SAP MM-FICO Dual Expertise Course

Module 1: SAP Overview
- Introduction to SAP
- SAP related products,
- How SAP help in Business
- Various Modules in SAP
- Enterprise in the SAP R/3 System
- Landscape SAP MM Introduction
Module 2: Introduction to ERP
- Need an ERP?
- Advantages of ERP?
- Major ERP packages
- Introduction to SAP?
- History of SAP
- Implementation Tools
- Roles And Responsibilities of a Consultant
- Types of Projects
Module 3: Basic Concepts of SAP MM
- MM Enterprise Structure
- Basics of MM
- FI Enterprise Structure
- Basics of FI SD
- Enterprise Structure
- Basics of SD
- WM Enterprise Structure
- Basics of WM
Module 4: Master Data
- Material Master Record
- Material Master Customization
- Vendor Master Record
- Purchase Info Record
- Source list Record
- Quota Arrangement Record
- Batch Management
Module 5: Procurement Process
- Details Understanding of Procurement Cycle
- Purchase requisition
- Creation of Request for quotation
- Quotation maintenance
- Price Comparison
- Creation of Outline Agreements
- Purchase order for stock
- Purchase order for consumable materials
- Purchase order for external services
- Document Types
- Define Number Ranges for Document Types
- Define Screen Layout At Document Level
Module 6: Purchase Order Scenarios
- Return PO
- Free items in PO
- Preclosure of PO & PR
- Hold PO
- Park PO
- Freight Vendor
- List of Open PO's
Module 7: Valuation and Account Determination
- Valuation of material (Standard/Moving AVG Price)
- Material Price change
- Account Determination
- FIMM Integration
Module 8: Inventory Management
- The material document, Accounting document
- Valuated Good Receipt & various scenarios
- Valuated Goods Issue & various scenarios
- Transfer Posting & various scenarios
- Reservation
- Physical Inventory
Module 9: Invoice Verification
- How to post vendor invoice (LIVLogistics Invoice Verification)
- Threeway invoice verification
- Two Way invoice verification
- Debit/Credit memo
- Invoice Verification
- Subsequent Debit
- Subsequent Credit
- Invoice for Planned Costs
- Invoice for Unplanned Costs
- Park Invoice
- Block Invoice
- Release Invoice
Module 10: Special Procurement
- Consignment Procurement
- Pipeline Procurement
- Stock Transport Order
- Subcontracting
- RTP
- Service Procurement
- Import
- ThirdParty processing
Module 11: Stock Transfer
- Concept of Stock transfer
- One Step Stock transfer
- TwoStep Stock transfer
Module 12: Release Strategy
- Concept of Release Procedure
- Types of Release Procedure
- Create Characteristics
- Create Class
- Define Release procedure
Module 13: PO Pricing
- Calculation Schema
- Pricing Procedure
- Condition Type
- Access sequence
Module 14: Split Valuation
- Concept of Split Valuation
- Valuation Types
- Valuation Categories
- Creation of Material w.r. to Split valuation
Module 15: MRP
- Concept of MRP
- Plant Parameters
- MRP Group
- MRP Type
- MRP Controllers
- Creation of Material in MRP Views
- Generating Planned Orders / Purchase Requisitions
Module 16: Report and Inquiry
- Run Reports
- Run PO, GR, IV Inquiry Screens
Module 17: SAP FI Financial Accounting Basic Settings
- Creation and assignment of company and company code
- Creation of a business area
- Defining and assigning of fiscal year variant
- Defining and assigning of posting period variant
- Defining open and closing posting periods
- Defining document type & number ranges
- 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
- Realtime Issues
Module 18: SAP FI General Ledger Accounting
- Creation of General Ledger Master (with and without reference)
- Display/Change/Block/Unblock of general ledger
- Master Document Entry
- Posting normal postings posting with reference
- Display and change documents
- Display of GL balances and Line items
- Parked documents & hold documents
- Creation of Sample Document and posting
- Defining recurring entry document and posting
- Configuration of line layouts for the display of GL line items
Module 19: SAP FI Accounts Payable
- Creation of vendor account groups and assignment of number ranges
- Creation of tolerance group for venders
- Creation of vendor master (display/change/block/unblock of vender master)
- 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 Creation of payment terms
- Creation of house banks and account ids
- Creation of check lots and maintenance of check register
- Configuration of automatic payment program
- Payment to vendors through APP
- Unissued & issued checks cancellation and reversal of issued checks
- Defining correspondence & party statement of accounts
- Realtime issues
Module 20: SAP FI 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 vendor master)
- Posting of customer transactions (sales invoice posting, payment posting, debit memo) Settings for advance payment from parties (down payment)
- Configuration of settings for dunning
- Defining correspondence & party statement of accounts
- Realtime issues
Module 21: SAP FI 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 subasset 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
- Realtime issues
Module 22: Sap FI Reports
- Financial statement version GL Reports
- Accounts payable reports
- Accounts receivable reports Assets
- Realtime issues
Module 23: Bank Accounting
- Create bank key
- Define House bank
- Global Settings for Electronic Bank Statement
- Investment management
Module 24: SAP CO CONTROLLING Basic settings for controlling
- Defining Controlling Area
- Defining Number ranges for Controlling Area
- Maintain Planning Versions
- Creation of Primary and Secondary Cost Elements
- Creation of Cost Element Groups
- Primary cost element categories and secondary cost element categories
- Realtime issues
Module 25: SAP CO Cost Center Accounting
- Creation of Cost Centers and cost center groups
- Planning for cost Center, posting to cost centers
- Repost of Costs Creation and Execution of Distribution Cycle Creation and execution of assessment cycles Cost Center reports
- Realtime Issues
Module 26: SAP CO Internal Orders
- Defining order types
- Creation of internal orders
- Planning of internal orders
- Postings to internal order Report of Variance analysis
Module 27: SAP CO Profit Centre Accounting
- Basic Settings for Profit Center Accounting
- Standard Hierarchy
- Creation of Dummy Profit Centers
- Maintaining versions of forprofit 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
Module 28: SAP CO COPA Reporting
- What is COPA
- Maintenance of Characteristics
- Maintenance of Fields
- Configuration and etc
Module 29: SAP Integration
- Procurement cycle (P2P) Integration with MM
- Sales process integration with SD Integration with asset accounting