SAP - Finance and Controlling (FICO) Course

Training/Coaching/Tuition by BESTWAY Technologies Hyderabad View Contact

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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)

BESTWAY Technologies

Group of certified consultants working in leading MNC, came forward in setting up of Best Way. In order to train and share there Knowledge with the Aspiring people who want to build their career.

All our trainers are corporate experts having 6 to 7 yrs of experience in implementation as well as corporate training . Training will be given as per the real time scenirous so that the participant will have the feel of working in the implementation project. Moreover we have the proper schedule which will never stop the training program so that the participant can finish of the training classes in specified time. Top performer will be given assistance for the placements through our placement consulting professionals

AT Best Way we provide high quality training to the Aspiring persons, we do our work with pride and passion.

At Best Way we focus directly on main points and delivering the right skills, we deliver what is required in the industry

We are equipped with in-depth knowledge of SAP & ORACLE, strong leadership and communication skills, knowledge of best practices and technical knowledge.