SAP FICO Tutorial – Free SAP Training

Free SAP FICO Tutorial: In SAP FICO module, FI stands for Financial Accounting and SAP CO stands for Controlling. SAP FICO is one of the important module of ERP SAP R/3 that deals with financial activities of an organization.

This SAP FICO tutorials are designed for beginners from basic concepts including examples and real time scenarios.

Learn SAP FICO step by step with real time business issues and project based scenarios.


  1. What is SAP FI and SAP CO module ?
  2. An introduction to financial accounting
  3. What is SAP R/3?
  4. What is client in SAP?

SAP FICO Enterprise Structure

  1. Define company in SAP
  2. Define company code in SAP
  3. Assign company code to company in SAP
  4. Define business area and consolidation business area in SAP
  5. Assign business area to consolidated business area in SAP
  6. Define credit control area in SAP
  7. Assign company code to credit control area in SAP
  8. Define functional area in SAP
  9. Maintain Financial Management Area in SAP
  10. Assign financial management area to company code in SAP
  11. How to create segments in SAP

SAP FI- Global Parameters

  1. What is Chart of accounts and how to create COA in SAP?
  2. Assign company code to chart of accounts
  3. What is Fiscal year in SAP
  4. How to maintain fiscal year variant
  5. Assign company code to fiscal year variant
  6. Define account group in SAP
  7. Define retained earnings account
  8. Define posting period variant (PPV)
  9. Assign variants to company code in SAP
  10. Open and closing posting period variants
  11. Define field status variant and field status groups in FICO
  12. Assign company code to field status variant
  13. Define Tolerance group for G/L accounts
  14. Define Tolerance group for employees
  15. Check company code global parameters
  16. Define document types in SAP
  17. Define posting key

Foreign Currency Transactions

  1. Check exchange rate types
  2. Define translation ratios for currency translation
  3. How to maintain exchange rates in SAP
  4. Define accounts for exchange rate differences
  5. Define foreign currency valuation methods
  6. Define accounting principles and assign to ledger group
  7. Define valuation areas and assign to accounting principles

New G/L Accounting

  1. How to activate new G/L accounting?
  2. Define ledgers for general ledger accounting
  3. Define currencies for leading currency
  4. Define Zero-balance clearing account
  5. Define interest calculation types
  6. Define interest indicator

Tax on Sales and Purchases

  1. What is Sales tax and Purchase tax in SAP
  2. Define tax calculation procedures
  3. Assign country to calculation procedure
  4. Assign tax codes for non taxable transactions
  5. Maintain tax codes for sales and purchases
  6. Creation of G/L accounts for VAT payable & Receivable
  7. Define tax accounts

SAP FICO House Banking

  1. Creation of G/L account for bank account
  2. Define House Bank
  3. Creation of check lots
  4. Automatic payment program
  5. Bill of exchange payable
  6. Accommodation bills of exchanges
  7. Lock box configurations

SAP FI – Accounts Payable

  1. Creation of Vendor Account groups
  2. Maintain number ranges for vendor groups
  3. Assign number ranges for vendor account group
  4. How to create vendor master record in SAP
  5. Define tolerance groups for vendors
  6. Down Payments

SAP FI – Accounts Receivable

  1. Creation of customer account groups
  2. Maintain number ranges for customer groups
  3. Assign number ranges to customer account groups
  4. Creation of G/L master record for sundry debtors
  5. Creation of customer master record in SAP
  6. Down Payments
  7. Dunning procedure
  8. Withholding tax calculations

Payment Terms

  1. How to maintain terms of payment
  2. Define payment terms for vendors
  3. Define payment terms for customers

SAP FI – Asset Accounting

  1. What is asset accounting in SAP
  2. Copy reference chart of depreciation/ Depreciation areas
  3. Assign chart of depreciation to company code in SAP
  4. How to Specify account determination in SAP
  5. Create screen layout rules for assets
  6. Maintain asset number range interval
  7. Define Asset classes
  8. Define screen layout for Asset master data
  9. Define screen layout for Asset depreciation areas
  10. Determine depreciation area for asset class
  11. Creation of G/L accounts for asset accounting
  12. Assign general ledgers accounts for automatic postings
  13. Specify document type for posting of depreciation
  14. Specify intervals and posting rules
  15. Specify rounding of net book value/ depreciation in SAP
  16. How to maintain depreciation keys
  17. Define the cut off value key in SAP
  18. Define maximum base value
  19. SAP FICO asset accounting – end user area.

Continue to read our real time SAP FICO tutorial and FI interview questions.