SAP - Finance and Controlling (FICO) Course

Financial Accounting

Introduction to SAP R/3

• Introduction to ERP, Advantages of SAP over other ERP Packages

• Introduction to SAP R/3 FICO

Financial Accounting Basic Settings:

• Creation and assignment of company and company code

• Creation of business area

• Defining and assignment of fiscal year variant

• Defining and assignment of posting period variant

• Defining open and closing posting periods

• Defining document type & number ranges

• Maintenance and assignment of field status variants

• Defining and assignment of tolerance groups of employees

• Creation of chart of Accounts

• Defining Accounts Groups

• Defining Retained Earnings Account.

• Defining the tolerance groups for G/L accounts

• Taxes on Sales & Purchases (input & output)

General Ledger Accounting:

• Creation of General Ledger Master (with and with out reference)

• Display/Change/Block/Unblock of general ledger master

• Document Entry posting normal postings posting with reference

• Display and change of documents

• Display of GL balances and Line items

• Parked documents & hold documents

• Creation of Sample Document and posting

• Defining recurring entry document and posting

• Creation of account assignment model and posting

• Configuration of line layouts for display of GL line items

• Reversal of individual documents, mass reversal , reversal of cleared items and reversal of accrual and deferral documents

• Defining Exchange Rate types and Translation ratios

• Define Exchange rates & posting of foreign currency transactions

• Defining the Foreign Currency Valuation

Accounts Payable

• Creation of vendor account groups and assignment of number ranges

• Creation of tolerance group for venders

• Creation of vendor master (display/change/block/unblock of vender master)

• Posting of vendor transactions (invoice posting, payment posting, credit memo)

• Settings for advance payments to parties (down payment) and clearing of down payment against invoices (special GL transactions)

• Posting of partial Payment & Residual Payment

• Creation of payment terms,

• Creation of house banks and account ids and creation of cash journal.

• Creation of check lots and maintenance of check register

• Configuration of automatic payment program

• Payment to vendors through APP

• Un-issued & issued checks cancellation and reversal of issued checks.

• Defining correspondence & party statement of accounts

• Defining the Withholding Taxes and business process relating to withholding taxes.

Accounts receivable:

• Creation of customer account groups and assignment of number ranges

• Creation of tolerance group for customers

• Creation of customer master (display/change/block/unblock of vender master)

• Posting of customer transactions (sales invoice posting, payment posting, debit memo)

• Settings for advance payment from parties (down payment)

• Configuration of settings for dunning

• Defining correspondence & party statement of accounts

Asset Accounting

• Defining the Chart of Depreciation

• Defining Account Determination, Screen Layout, Number Ranges and Asset Classes.

• Integration with General Ledger and Posting Rules.

• Creation of Asset Master and Sub Asset Master

• Defining the Depreciation Key (Base, declining, multilevel, period control methods.

• Asset life cycle scenarios including Acquisition, sale, Scrapping and transfer.

• Depreciation Run.

• Posting of actual data to assets under construction (CWIP) and settlement with asset.

Controlling

Basic settings for controlling

• Basic Controlling Module Concept

• Defining Controlling Area

• Defining Number ranges for Controlling Area

• Maintain Planning Versions

Cost Element Accounting

• Creation of Primary and Secondary Cost Elements

• Creation of Cost Element Groups

• Primary Cot Element Categories and Secondary Cost Element Categories

Cost Center Accounting

• Defining Cost Center Standard Hierarchy

• Creation of Cost Centers and cost center groups

• Planning for cost center, posting to cost centers

• Repost of Costs

• Overhead Calculation

• Creation and Execution of Distribution Cycle

• creation and execution of assessment cycles

• Cost center reports and find out the activity prices.

Internal Orders

• Defining order types

• Creation of internal orders

• Planning of internal orders

• Actual Postings to internal order

• Budgeting and Availability Check

• Settlement of Internal Orders

Profit Center Accounting

• Basic Settings for Profit Center Accounting

• Creation of Dummy Profit Centers

• Maintaining versions for profit centers

• Creation of profit centers and profit center groups

• Creation of revenue cost elements

• Automatic Assignment of Revenue elements for Profit Centers

• Postings to profit centers, planning and variance reporting

Integration of FICO with other SAP modules

MM Integration and Invoice Verification

• SD Integration and Billing

New GL concept

• Defining the Leading and Non-Leading Ledgers;

• Document Splitting

• Real-Time FI-CO Integration

• The Segment Characteristic and Segment Reporting.

A conceptual Business Process Flow

• Product Costing (COPC)

• Profitability Analysis (COPA)