Introduction to SAP FICO courses
This is an introductory that covers the basics of SAP FICO courses and how to deal with its various modules and sub-modules.
SAP Controlling (CO) is an imperative SAP module offered to an organization. It supports coordination, monitoring, and optimization of all the processes in an organization. SAP CO comprises of managing and configuring master data that covers cost and profit centres, internal orders, and other cost elements and functional areas.

SAP FI is the central module of all SAP implementations. It is used for external reports like balance sheets and profit and loss statements. SAP FICO module coalesce with various other SAP modules such as Materials Management(MM), Sales and Distribution(SD), Production Planning (PP), Plant Maintenance (PM), and Project Systems (PS). It contains many sub-modules. The sub-modules that are used are accounts receivables, accounts payables, asset accounting, general ledger accounting, etc. All the sub modules are linked to each other and checked in real time. A trial balance sheet can be generated anytime, and it will always balance because all the sub modules are connected.
It has different sub modules:
General ledger accounting
All public ledger accounts that are used for reports are managed through public ledger accounting. In SAP FICO course are a set of all general ledger accounts used by a company or a group of companies is called a chart of accounts. These are the accounts that will be used for the preparation of financial statements. Most of the transactions are recorded in, and they are coordinated with the general ledgers in real time. Deals that can be done directly in general “ledger account” include vouchers which are posted to adjust or correct transactions errors. Reversals can also be done from public ledger accounting. Balances in public ledger accounts can be displayed, and trial balances are generated from the system.
Accounts Payables
An account payable is manages all the transactions made with the vendors. Separate vendor accounts are maintained and when deals are posted. Coordinating accounts in the general ledger is updated with the figures in real time. A transaction recorded in here consists of posting of invoice, invoice for payment, automatic programs for payments and completing vendor reports and a lot more.
Assets Accounting
It is used to manage the company’s assets. It controls all the transactions related to an establishment. When deals are posted in asset accounts, coordinated accounts in “general ledger” are updated in real time. Deals in asset accounting include the acquisition of the asset, asset retirement, asset sale, asset transfer, asset revaluation and asset depreciation. SAP allows you to put these in different categories and calculate the depreciation.
Banking account
SAP allows you to manage bank transaction in the system along with cash management. All SAP FI sub-modules are coordinated, and transactions are updated in real time which means it will give accurate financial statements can be taken out from system anytime.
Consolidations
It enables the combining of financial statements for multiple entries within a company. These financial statements give an overview of the financial position of the company as a whole.
Management of Funds
It manages budgets for revenues and expenditures within your company as well as tracks these in the area of responsibility.
Special Purpose Ledger
It is used to define ledgers for reporting purposes.
Travel management
Travel management guides all travel activities including booking trips and handling of expenditures associated with travel.
These are the crucial features of the SAP FICO course.