SAP FICO

SAP Financial Accounting and Controlling (SAP FICO)

SAP ERP Financials provides modular applications that enable companies to tailor SAP solutions to their specific business needs. These applications cover core accounting and reporting capabilities, receivables management, treasury, and shared services. The SAP FICO module includes two major categories of functionality needed to run the financial accounts of a company – Financials (FI) and Controlling (CO). FI includes accounts payable, accounts receivable and general ledger, also procedures to post accounts, close books, prepare financial statements and balance sheet.

SAP FI/CO Course Outline

SAP Financial Accounting (SAP FI)

Basics of SAP & FI/CO

  • Basic SAP GUI Navigation
  • Introduction to Finance
  • Introduction to Controlling
  • Organization Structure
  • Master Data
  • Transactional Data
  • Customization

Finance ( FI Module )

  • Create Company Code
  • Company Code configuration
  • Standard Line item text configuration
  • Complete GL configuration
  • Validation & Substitution
  • Parallel currencies configuration
  • Taxes on Sales Purchase configuration

G/L Configuration

  • Foreign currency valuation configuration
  • Financial Statement version configuration (Creating Balance sheet and Profit and Loss account)
  • FI – SD account determination configuration
  • GL Automatic clearing configuration

Bank Configuration

  • Define House Banks
  • Electronic and Manual Bank statement configuration
  • Check configuration
  • Lockbox Configuration
  • Configuring Cash Journal

Accounts Receivables ( A/R ) and Accounts Payable ( A/P ) Configuration

  • Define Account Groups for Customers and Vendors
  • Define Accounting clerk
  • Delete Customer and Vendor Master data
  • Configuring Payment terms
  • Configuring various automatic account determination
  • Defining Tolerances
  • Configuring Automatic Payment Program
  • Special GL configuration for down payments from customer and vendors
  • Configuring regrouping of Customers and vendors according to remaining terms of receivables and payables
  • Dunning
  • Configuring calculation of Interest on arrears

Asset Configuration

  • Copying Chart of Depreciation
  • Define Asset Classes
  • Configuring account determination for Assets (Integration of Asset with GL)
  • Deactivate Asset class for Chart of depreciation
  • Configuring posting of depreciation
  • Configuring the depreciation key
  • Configuring Period Controls
  • Asset Configuration
  • Asset Under Construction configurations
  • Configuring asset classes for group assets
  • Define/Assign Settlement profile

Taxes

  • SAP Tax Vendor Integration ( Vertex )

SAP Controlling (SAP CO)

Cost Center Configuration

  • Configuring the Controlling area
  • Maintaining versions in Controlling area
  • Configuring multiple valuation approaches/ Transfer prices
  • Cost element accounting set up
  • Reconciliation ledger configuration
  • Setting Cost center Hierarchy, cost center master data, activity types
  • Cost center planning which includes creating planner profile, creating planning layout
  • Configuring various cycles such as Distribution. Assessment, Indirect Activity allocation
  • Configuring Splitting structure
  • Configuring Automatic account assignment

Profit Center Configuration

  • Maintain the profit center settings for Controlling area
  • Creation of dummy profit center
  • Creation of Standard hierarchy and creation of profit center master
  • Configuring the transfer price settings
  • Profit center planning configuration
  • Configuring Distribution and Assessment cycle
  • Configuring the 3KEH table (Balance sheet and profit and loss accounts)

Profitability Analysis Configuration

  • Creating Characteristics and value fields
  • Configuring the Operating concern
  • Copying an Operating concern from an existing operating concern
  • Maintain Characteristic values, defining characteristics hierarchy
  • Defining Characteristic derivation
  • Defining keys for accessing material cost estimate and assigning costing key to characteristics
  • Planning configuration
  • Maintaining value field groups
  • Configuration for value flow from SD to PA
  • Configuration for value flow form FI to PA
  • Configuration for settlement of Product costing variance to PA
  • Creation of Profitability report
  • Transporting customizing settings
  • Use of Report Painter to design reports in SAP R/3 System.

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