Summary of the SAP FICO (Financial Accounting & Controlling) test

The SAP FICO (Financial Accounting & Controlling) test is designed to assess professionals on their ability to implement, configure, and troubleshoot SAP FICO processes in real-world scenarios. This test evaluates a candidate's understanding of both Financial Accounting (FI) and Controlling (CO) modules, focusing on practical applications in a business context, with an emphasis on problem-solving, configuration, and financial data management.

Key areas covered in this test include:

• Organizational Structure Setup: Assessing the ability to map complex organizational structures (e.g., company code, controlling areas) in SAP CO and SAP FI to ensure smooth business operations.

• Configuration and Customization: Evaluating candidates’ skills in configuring company codes, cost centers, and profit centers, and understanding the intricacies of setting up SAP FICO for global organizations with varying financial requirements.

• Troubleshooting and Issue Resolution: Testing the ability to identify and resolve common configuration and transactional issues in SAP FICO, such as misconfigurations that block financial transactions or discrepancies in financial reports.

• Integration with Other SAP Modules: Verifying knowledge on integrating SAP FICO with other modules, such as SAP MM (Material Management), SAP SD (Sales and Distribution), and others, to ensure seamless data flow across the system.

• Financial Reporting and Profitability Analysis: Assessing proficiency in generating accurate financial reports, investigating discrepancies, and configuring profitability analysis to track performance at product or segment levels.

• Cost Controlling: Understanding how to configure and optimize cost controlling processes, such as cost center accounting and overhead cost management, to enhance cost efficiency and reporting capabilities.

This test is critical for SAP professionals who are responsible for ensuring the accurate configuration, reporting, and management of financial data, and for optimizing financial processes through SAP FICO.

Covered skills

Financial Accounting
Controlling
SAP FI Configuration
SAP CO Configuration
Financial Analysis
Integration with Other SAP Modules