ERP Finance & Controlling Internship Program

SAP® Financial Accounting (FI) and Controlling (CO), collectively known as SAP® FICO, are widely used financial management components within the SAP® ERP environment, supporting organizations in integrating financial operations with technology-driven business processes. Professionals working with SAP® FICO focus on improving financial workflows, automating accounting activities, and supporting accurate financial reporting and analytics.

This internship program introduces participants to the foundational concepts and business applications of SAP® FICO functionalities. It provides practical, hands-on exposure to relevant financial management processes using SAP® software environments. The skills acquired through this program are intended to help learners strengthen their financial systems knowledge and pursue career opportunities in financial management systems, including those involving SAP® technologies.

SAP FICA stands for Financial Contract Accounting, a specialized sub-ledger within SAP designed for industries that handle high volumes of customer transactions. Instead of working with standard customer accounts, it uses contract accounts linked to a business partner, giving it more flexibility and scalability.

SAP® COPA (Controlling – Profitability Analysis) is a sub-module of SAP® Controlling (CO) that enables organizations to evaluate their profitability by market segments. These segments can be based on products, customers, regions, sales channels, or any combination of characteristics and value fields relevant to business performance.

Commerce Background

The SAP® Financial Accounting (FI) and Controlling (CO) modules, commonly referred to as SAP® FICO, are well-suited for individuals with a background in commerce, finance, and technology who are interested in developing skills related to enterprise financial management systems. Our internship program in SAP® FICO concepts and practices is designed for:

Individuals from a commerce or finance background seeking to explore the field of financial systems management.
Experienced finance professionals aiming to broaden their understanding of enterprise financial software tools.
Career changers and technology enthusiasts interested in gaining practical exposure to financial management concepts within SAP® software environments.

SAP® FICO + COPA + FICA is widely used by organizations across sectors. Gaining knowledge in these modules is valuable for learners from various academic and professional backgrounds. With the right training and commitment, individuals can strengthen their understanding of financial, profitability, and receivables systems and pursue career opportunities in companies implementing SAP® software solutions.

All our programs include essential add-ons focusing on soft skill development. because technical expertise alone is not enough for success in the corporate world. Our courses focus on developing essential soft skills such as effective communication, teamwork, and leadership. This comprehensive approach ensures you build the right attitude and confidence to thrive in any professional environment.

Professional Development Workshop

Comprehensive soft skills training
Interpersonal skills enhancement sessions
Professionalism and workplace etiquette modules

Communication Mastery Program

Comprehensive soft skills training
Interpersonal skills enhancement sessions
Professionalism and workplace etiquette modules

Placement Assisstance Services

Tailored resume writing workshops
Personal branding and LinkedIn profile optimization guidance
Interview preparations via mock interviews and assessments

Group Dynamics Training

Techniques for active and impactful participation
Strategies for effective communication and teamwork

Facilitation Skills

Gain proficiency in corporate tools like Jira, Confluence, Retrium, Mural etc
Leadership skills for effective facilitation
Facilitation techniques for fostering productive discuss

Week 1 - Introduction to SAP

Introduction to SAP System
Concept of ERP and non ERP
ASAP Methodology (Activate)
SAP Different types of projects
GAP-Analysis and FIT-TO-GAP Analysis
RICEFW Concept.
Introduction to SAP GUI and SAP Navigations.

Week 4 - Configuration CO (Organizational Structure)

Controlling area settings
General settings - Cost Center Accounting
General Settings - Profit Center
Cost and Profit Center Master data

Week 7, 8 - Accounts Payable (A/P) Configuration

Business partner maintenance
Procure to Pay cycle (P2P)
Manual payment
Accounts payable reports
Vendor Down Payment
Vendor Document Parking
Terms of payment - Vendor

Week 10 - Asset Accounting

Chart of Depreciation and Depreciation Area
Asset Classes
Asset Automatic Posting
Depreciation Key Configuration.
Asset Acquisition and Retirement
Asset Explorer
Asset Transfer and Legacy Asset Maintenance.
Settlement of Asset Under Construction.

Week 12 - Integration with SD and FI Modules

Overview of SAP Controlling (CO) module
Purpose and benefits of CO-PA
Difference between Costing based and Account based CO-PA
Integration with SD and FI Modules
Defining operating concern and assignment to controlling area
Configuration of characteristics and value fields
Activation of CO-PA

Week 14 - Data Flow and Integration

Data sources: SD billing, FI postings, MM movements
Flow of actual data and reconciliation
Use of assessment and distribution cycles
Transfer of planned data from CO planning

Week 16 - Payment Processing

Incoming and outgoing payments
Payment lots and check lots
Automatic payment program (APP) in FICA
Bank statement processing and reconciliation
Integration with General Ledger (FI-GL)
Reconciliation keys and transfer to FI
Account determination and posting rules
Dunning configuration and levels
Dunning charges and interest calculation
Collection strategies and activities
Integration with SAP Collections Management
Deposit management lifecycle
Interest calculation on deposits
Refund and forfeiture processes

Week 18 - Data Migration

LSMW - Legacy System Migration Work Bench
LTMC - Legacy Transport Migration Cockpit
IDOC - Intermediate Document
Query Management

Week 2, 3 - Configuration FI (Organizational Structure)

Enterprise structure -FI
Organizational structure
Enterprise Structure
Chart of Accounts - COA
Fiscal Year and Posting Period Variant Configuration.
Currency Types and Ledger Type

Week 5, 6 - General Ledger Accounting

GL master data maintenance
GL Master data Migration - LSMW / LTMC
Document posting
GL open item management
GL Reports
Document Parking.
GL Master and Transaction Tables

Week 9 - Accounts Receivable (A/R)

Customer master data configuration
customer invoices and payments
Accounts payable reports
Order to cash (O to C) cycle
Customer Down Payment
Terms of Payment - Customer
Dunning

Week 11 - Bank Accounting

House bank and account ID generation.
SAP Netweaver Process
Check management
Automatic payment program
DMEE Tree Configuration.
Cash Journal Configuration.

Week 13 - Costing-Based CO-PA

Value field configuration
Derivation rules and valuation strategies
Real-time data flow from SD and FI
Planning and forecasting using costing-based CO-PA
Reporting using KE30
Integration with Universal Journal (S/4HANA)
G/L account and cost element mapping
Real-time margin analysis
Reconciliation with financial accounting
Reporting using Fiori apps and embedded analytics

Week 15 - Introduction to SAP FICA

Overview of SAP Financials and FICA architecture
Differences between SAP FI and FICA
Integration with S/4HANA
Business Partner creation and roles
Contract Account setup
Relationship between Business Partner and Contract Account
Master data replication and synchronization
Posting financial documents in FICA
Document types and number ranges
Clearing and reversal processes
Dunning and correspondence

Week 17 - Instalment Plans and Payment Agreements

Configuration of instalment plans
Payment agreements and rescheduling
Handling of partial payments and deferrals
Handling returned payments
Reversal of documents and clearing
Write-off procedures and approval workflows
FICA standard reports (e.g., open items, cleared items)
Customer account statements
Reconciliation and audit reports
Custom reporting via SAP Query or CDS views

Week 19 - 26 - Final Project

Opportunity to work on real-world SAP end-to-end implementation and gain practical experience.
Preparation of business blueprint
Transportation of customization

Disclaimer: This program offers intensive, hands-on learning in ERP, with real-world experience using SAP® modules. All course content is independently designed by Archon Solutions. This program is not affiliated with, endorsed by, or sponsored by SAP SE which is a registered trademark of SAP SE in Germany and other countries.

What is SAP FICO?

SAP FICO stands for Financial Accounting (FI) and Controlling (CO) modules in SAP ERP (Enterprise Resource Planning) software. It's crucial for businesses to manage their financial processes effectively, making SAP FICO professionals highly sought after in the industry. Sap training near kochi, SAP training near me, Best SAP training near me, Best SAP training near Kochi

What career opportunities are available for SAP FICO consultants?

SAP FICO consultants can explore various career paths including SAP implementation, configuration, support, and consulting roles in industries such as finance, banking, manufacturing, retail, and more. B

What is the scope of SAP FICO in the job market?

The scope for SAP FICO professionals is vast, with increasing demand globally due to the widespread adoption of SAP ERP systems by businesses of all sizes. Sap training near kochi, SAP training near me, Best SAP training near me, Best SAP training near KochiBerala

What salary can I expect as a SAP FICO consultant?

Salaries for SAP FICO professionals vary based on factors like experience, location, and industry. However, they typically enjoy competitive compensation packages due to their specialized skills and high demand. The average salary for a SAP fico consultant ranges from 4 lakhs to 12 lakhs. Be

How can certifications enhance my career prospects as a SAP FICO consultant?

Obtaining certifications such as SAP Certified Application Associate - Financial Accounting with SAP ERP or SAP Certified Application Associate - Management Accounting (CO) with SAP ERP can validate your expertise and increase your market value. Sap training near kochi, SAP training near me, Best SAP training near me, Best SAP training near Kochi

What industries or sectors typically employ SAP FICO consultants?

SAP FICO consultants find employment opportunities across various sectors including finance, banking, insurance, manufacturing, retail, healthcare, IT services, and consulting firms.

How can the SAP FICO consultant program benefit me personally and professionally?

The program equips you with in-demand skills, a deep understanding of financial processes, and hands-on experience with SAP ERP systems, paving the way for a rewarding career in the finance and technology sectors.

Do I need prior experience in finance or IT to pursue a career as a SAP FICO consultant?

While prior experience in finance or IT can be advantageous, it's not always necessary. The SAP FICO consultant program typically covers foundational concepts and provides training to individuals from diverse backgrounds. Sap training near kochi, SAP training near me, Best SAP training near me, Best SAP training near Kochi

Which companies are known for hiring SAP FICO consultants?

Leading global corporations such as Deloitte, Accenture, IBM, SAP AG, Capgemini, and many others actively recruit SAP FICO professionals. Additionally, medium-sized enterprises and niche consulting firms also seek their expertise. Sap training near kochi, SAP training near me, Best SAP training near me, Best SAP training near Kochi

SAP FICO Consultant

₹4 to ₹12 lakhs per annum

SAP FICO Analyst

₹3 to ₹10 lakhs per annum

SAP FICO Manager

₹10 to ₹40 lakhs per annum

SAP FICO Architect

₹16 to ₹51 lakhs per annum

SAP FICO Business Analyst

₹15 lakhs per annum

SAP FICO Project Manager

₹10 to ₹40 lakhs per annum

SAP FICO Support Consultant

₹3 to ₹12 lakhs per annum

SAP FICO Solution Architect

₹16 to ₹51 lakhs per annum

SAP FICO Functional Consultant

₹3 to ₹12 lakhs per annum

SAP FICO Technical Consultant

₹3 to ₹12 lakhs per annum

Placements

Explore our program's success stories on LinkedIn.See how our program can help you launch your career.

SAP FICO vendor downpayment process flow – step-by-step visualization used in Archon Solutions' ERP training programs in Kerala.

VENDOR DOWNPAYMENT PROCESS IN SAP FICO

Managing vendor downpayments effectively is a critical part of accounts payable in SAP FICO. This guide from Archon Solutions walks you through the complete process—from downpayment request to final clearing—using real-world examples and simplified steps to help you build solid SAP finance skills.

Comprehensive guide to customer invoice and payment processing in SAP FICO – Learn key financial accounting functions, real-time examples, and practical steps from Archon Solutions, Kerala’s leading IT training institute.

customer invoice and payments

Understanding customer invoices and payment processing in SAP FICO is essential for mastering financial operations in any organization. In this blog, Archon Solutions breaks down the complete cycle — from invoice creation to payment clearing — with real-time scenarios and practical insights. Whether you're a beginner or brushing up your skills, this guide will help you navigate key SAP FICO functions and boost your career in finance and ERP. We make thoughts work.

Comprehensive guide to understanding Bank Key, House Bank, and Bank Accounts configuration in SAP FICO for efficient financial management. Learn SAP FICO banking concepts with Archon Solutions

Understanding bank key, house bank and accounts in sap fico

Gain a clear understanding of Bank Key, House Bank, and Bank Accounts in SAP FICO. This guide explains their roles in streamlining financial transactions and how to configure them effectively. Perfect for SAP FICO learners and professionals

ERP Finance & Controlling Internship Program

Commerce Background

6

Months

70000

INR

700

Euro

Online

Classroom

Payment options

Full payment

Installments

Interest free EMI

Week 1 - Introduction to SAP

Week 4 - Configuration CO (Organizational Structure)

Week 7, 8 - Accounts Payable (A/P) Configuration

Week 10 - Asset Accounting

Week 12 - Integration with SD and FI Modules

Week 14 - Data Flow and Integration

Week 16 - Payment Processing

Week 18 - Data Migration

Week 2, 3 - Configuration FI (Organizational Structure)

Week 5, 6 - General Ledger Accounting

Week 9 - Accounts Receivable (A/R)

Week 11 - Bank Accounting

Week 13 - Costing-Based CO-PA

Week 15 - Introduction to SAP FICA

Week 17 - Instalment Plans and Payment Agreements

Week 19 - 26 - Final Project

Placements

VENDOR DOWNPAYMENT PROCESS IN SAP FICO

customer invoice and payments

Understanding bank key, house bank and accounts in sap fico