The SAP FI CO (Financials and Controlling) module includes two major categories of functionality needed to run the financial accounts of a company - Financials (FI) and Controlling (CO). FI includes accounts payable, accounts receivable and general ledger; also procedures to post accounts, close books, prepare financial statements and balance sheet.


  • Understand the basic SAP terminologies and basic SAP commands

  • Configure Organizations in FI/CO

  • Configure FI- GL

  • Configure Taxes

  • Configure Electronic Bank Statements

Week 1: SAP introduction.  
Understand the basic SAP terminologies and basic SAP commands.

  • SAP introduction:

  •       Overview of SAP modules

  •       Familiar with SAP commands

  •       What is a SAP Client?

  •       What is a SAP transaction code?

  •       What is SAP menu?

  •       What is configuration menu (IMG)?



  •  Financial organization structure overview:

  •  Relationships/assignments between: Company, Company codes, Credit control area, Controlling Area, Operating concern


Week 2: This session is to learn how to define/create the FICO organization structures and understand how and why each structure is assigned to one another.  
What are the required elements in SAP to configure a fully functional company?

  • Financial Accounting & Controlling

  • 1.    Create company

  • 2.    Create company code

  • 3.    Create credit control area

  • 4.    Chart of Account

  • 5.    Field status variant/field status group

  • 6.    Field status variant

  • 7.    Fiscal year variant


Week 3: This session will be learning how to define the controlling area.  

  1.     What is controlling area?

  2.     Why do we need a control area?

  3.     What is the relationship between CO & FI.



  • Controlling area

  • 1.    Create controlling area

  • 2.    Configure/activate controlling area

  • 3.    Assign controlling area to company code

  • 4.    Cost centers

  • 5.    Profit centers

  • 6.    Cost elements


Week 4
This session is to learn the FI-sub-module functionality:

  • 1)    General Ledger,

  • 2)    Banks,

  • 3)    Customer, Vendors and

  • 4)    Functionality offered in each sub-module.

  • 5)    How is the sub-module integrated



  •   General Ledger

  • 1.    GL accounts/Cost elements (Field status variant/field status group)

  • 2.    What is document type?  Document number ranges?

  • 3.    How to create a journal entry

  •     Tax configuration

  • 1.    Configure Input tax/output tax

  • 2.    Withholding tax

  •     House Bank / Bank master data

  • 1.    What is house bank

  • 2.    What is bank master data

  • 3.    How they are used in the system

  •     Vendor Master Data

  • 1.    Vendor groups/number range

  • 2.    How to create a vendor invoice/credit memo

  • 3.    How to attach documents to master data and documents

  • 4.    Withholding tax configuration (1099-MISC)

  • 5.    How to     generate 1099-misc report/print 1099 form

  • 6.    Dunning overview


Week 5
This session will be leaning the SAP accounts payable automatic payment run configuration and the payment run process.  How to setup payment methods and how everything is integrated together?

  • Automatic payment run process

  • 1.    Configure payment methods and

  • 2.    Configure automatic payment run / check lots

  • 3.    How to generate payment proposal?

  • 4.    How to generate payment run?

  •     Customer

  • 1.    Master Data

  • 2.    Customer groups/number range

  • 3.    Configure customer statement and how to generate a customer statement


Week 6
This session will be leaning how to setup or configure the electronic bank statement and how to use the electronic bank statement

  • SAP reporting overview

  •     Electronic bank statement

  • 1.    Configure electronic bank statement

  • 2.    Configure posting rules

  • 3.    Load bank statement and Process bank statement

  •     SAP Reporting overview

  •     Review/questions/answers