How to Prepare for SAP FI CO Certification

SAP FICO Certification consist of two exams, SAP FI and SAP CO. You can refer the syllabus of both exams at given URLs

SAP FI Certification Exam Syllabus

SAP CO Certification Exam Syllabus

According to my experience, you should opt for SAP FI certification first and later you can go with SAP CO certification after having 2–3 years of experience.

SAP provides official books to study for the exam, they have defined syllabus path with their official books

There are certain learning methods to pass the exam.

How to Prepare for SAP Certification?

Tip 1: Study, study, study. The very best preparation is to take the relevant SAP course(s) (as can be found on the SAP Certification website) and add to that (at least) a good few months of experience. The course notes are very useful, so if you did not take the course then try to borrow them from someone who has.

Tip 2: Gather as much information as you can about the exam itself from the SAP Training website (see above). Namely:

• the topics covered and the weight given to each
• the sample questions
• the pass mark (“Cut Score”)
• the number of questions and the time allowed

Tip 3: Do not waste money on websites that claim to provide you with exam questions. The questions are useless – often out of date and sometimes downright misleading. Respect yourself: as a SAP consultant, do you really need to stoop to this level to pass the exam? However, you can practice with authentic online practice exams with erpprep.com

SAP FI Certification Questions and Online Practice Exam

SAP CO Certification Questions and Online Practice Exam

Tip 4: Know what to expect at the exam centre. Exams can be held at third-party sites where the person sitting next to you could be doing a Microsoft exam. Some of these sites are open on the weekend, check for that. You may be required to hand over everything in your possession for safeguarding in a locker. You will be provided with a pen and paper (or other writing material) but you have to leave the paper behind. Assume you will be under constant observation, so no funny business. Try not to drink beforehand so that you don’t have to waste time with a (fully supervised!) bathroom break. Don’t bother asking the supervisor any SAP questions – they don’t know anything, and wouldn’t tell you if they did.

Tip 5: Use ALL of the allotted time. The standard SAP exam seems to be 80 questions in 180 minutes. That is more than enough time, but you should still avoid the temptation to leave early. Check, double check, triple check and then check your answers again. A countdown is displayed on the screen so you will know when it’s time to go.

How to Post a Document with Reference in SAP

Enter Transaction code FB50 in the SAP command Field

In the next screen, Select Goto-> Post with Reference from the SAP Standard Menu Bar 

In the next screen , Enter the Following

1. Enter the Reference Document Number
2. Enter the Company Code the Document was posted
3. Enter the Fiscal Year in Which it was posted
4. Press Enter 

How to Define Document Type and Number Range in SAP FICO

Enter Transaction Code SPRO in SAP Command Field

In the next screen, Select 'SAP Reference IMG'

In the next screen "Display IMG'  Follow the menu path

Financial Accounting -> General Ledger Accounting -> Business Transactions -> G/L Account Posting -> Carry out and Check Document Settings ->Define Document Types

In the next screen, Press 'New Entries' Button from the Application Toolbar

For Maintaining New Document Type

In the next screen, Enter the Following

1. Enter a unique Document Type Key
2. Enter the Document Type description
3. Select a number range for the Document Type
4. In Account Type Allowed Section , select the Account type which you would like to do posting
5. Enter Appropriate Selection in the Control Data Section 

How to Assign Field Status Variant to Company Code

Enter the Transaction code SPRO in the SAP Command Field and Press Enter

In the next screen Select SAP reference IMG

In next screen-"Display IMG"  navigate the following menu path :

SAP Customizing Implementation Guide -> Financial Accounting -> General Ledger Accounting ->Business Transactions -> G/L Account Posting ->   Make and Check Document Settings ->Assign Company Code to  Field Status Variant

How to Define Posting Period Variant

Enter the Transaction code SPRO in the SAP Command Field and Press Enter

In the next screen Select SAP reference IMG

In next screen-"Display IMG"  navigate the following menu path :

SAP Customizing Implementation Guide -> Financial Accounting -> Financial Accounting Global Settings->Document -> Posting Periods -> Define Variants for Open Posting Periods

In the next screen, Press 'New Entries' button

How to Open and Close Periods in Posting Period Variant

Enter the Transaction Code S_ALR_87003642 in the SAP Command Field

In the next screen, Position the Variant you want to maintain and account type for which you want to open or close the periods.

Change the period , with following steps

1. Select Posting Period Variant
2. Select Account Type
3. Enter the Account number range for which you want to change the periods
4. Enter the Period to Open as per the Fiscal Year Variant of the Company Code assigned to the Posting Period Variant.
5. Enter the Period to which posting to be Open
6. Enter Any Special Period you want to Open 

All Other periods will remain close for posting for the Account range mentioned

How to assign Company Code to a Fiscal Year Variant

Enter the Transaction code SPRO in the SAP Command Field and Press Enter

In the next screen Select SAP reference IMG

In next screen-"Display IMG"  navigate the following menu path :

SAP Customizing Implementation Guide -> Financial Accounting -> Financial Accounting Global Settings->Fiscal Years -> Assign Company Code to a Fiscal Year Variant

In the next screen , Assign Company code  in the list with the corresponding Fiscal  Year  Variant