Proitfusion

Course information

SAP FICO refers to the Finance (FI) and Controlling (CO) is the Core modules of SAP ERP system. SAP FI (Financial Accounting) is an important core module in SAP where in live time the financial processing transactions are captured. This is used to create statutory Financials Statements in which data is drawn for external reporting purposes. SAP CO (Controlling) module is provides operational information to the management of a company to support business analysis and decision-making.

COURSE CONTENT

1. BASIC SETTINGS:-

• Definition of  Company
• Definition  of Company code
• Assignment of company to company code
• Definition of business area
• Definition of fiscal year variant
• Assignment of fiscal year variant to company code
• Definition of posting period variant
• Assignment of posting period variant to company code
• Open and close posting period
• Defining document type & number ranges
• Maintenance  of field status variants
• Assignment of field status variant to company code
• Definition of tolerance groups for GL accounts
• Definition of tolerance groups for employees
• Assignment of tolerance groups   to users
• Taxes on Sales & Purchases (input & output)
• Creation of chart of Accounts
• Defining Accounts Groups
• Defining Retained Earnings Account.

 

1. GENERAL LEDER ACCOUNTING:-

• Creation of General Ledger Master (with and without reference)
• Display/Change/Block/Unblock of General Ledger master
• Document Entry posting normal postings and posting with reference
• Display and change of documents
• Display of GL balances
• Display GL account line items
• Parked documents
• Hold documents
• Creation of Sample Document and postings with  sample documents
• Defining recurring entry document and postings with recurring doc.
• 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
•  Interest calculations on term loans
• Accrual and Deferral  documents

 

1. ACCOUNTS PAYABLE

• Creation of vendor account groups
• Creation of number ranges for vendor master records
• Assignment of number ranges  to vendor account groups
• 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.
• Creation of check lots and maintenance of check register
• Display check register
• Cancellation of  un issued checks
•  Creation of void reasons
• Cancellation of issued checks
• Posting of purchase returns                       
• Configuration of automatic payment program
• Payment to vendors through Automatic Payment Program
• Defining correspondence & party statement of accounts

 

1. ACCOUNTS RECEIVABLE

• Creation of customer account groups
• Creation of number ranges for customer master records
• Assignment of number ranges  for customer account groups
• 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 and party statement of accounts

 

1. ASSET ACCOUNTING

• Defining chart of depreciation
• Creation of 0% tax codes for sales and purchased
• Assignment of  chart of depreciation to company code
• Defining account determination
• Definition of screen lay out rules
• Definition of number ranges for asset classes
• Integration with General Ledger & Posting rules
• Defining Depreciation key
• Definition of Multilevel methods
• Definition of period control methods
• Creation of main asset master records
• Creation of sub asset master records
• Acquisition  of fixed assets         
• Sale of fixed assets
• Transfer of assets
• Scrapping of assets,
• Depreciation run
• Line item  Settlement of assets under construction of capital work in progress

 

1. NEW GL ACCOUNTING & REPORTS

• Parallel ledgers
• document splitting
• Segments.
• Financial statement version
• General Ledger, Accounts Payable, Accounts Receivable and Assets Reports

 

1. CONTROLLING : BASIC SETTINGS

• Defining Controlling Area
• Defining Number ranges for Controlling Area
• Maintain Planning Versions
• Creation of Primary cost elements from  financial accounting area
• Creation of Primary cost elements from controlling area
• Display of cost element master records
• Change cost element master records
• Primary cost element categories
• Secondary cost element categories
• Default account assignments

 

1. COST CENTER ACCOUNTING

• Defining Cost Center Standard Hierarchy
• Creation of Cost Centers and cost center groups
• Display cost center master records
• Change cost center master records
• Creation of cost center groups
•  Posting to cost centers
• Reposting of co line items
• Repost of Costs
• Planning for cost centers
• Overhead Calculation
• Creation of secondary cost element master records
• Creation and Execution of Distribution Cycle
• Creation and execution of assessment cycles
• Cost center reports

 

1. INTERNAL ORDERS

• Defining order types
• Creation of Internal order master records
• display Internal order master records
• change Internal order master records
• postings to Internal orders
• planning for Internal orders
• reposting co line items for Internal orders
• repost of costs for Internal orders
• Report of Variance analysis for Internal orders
• creation of real Internal orders
• Defining order types
• Creation of Internal order master records
• Display Internal order master records
• Change Internal order master records
• Postings to Internal orders
• Planning for Internal orders
• Reposting CO line items for Internal orders
• Repost of costs for Internal orders
• Report of Variance analysis for Internal orders
• Creation of real Internal orders
•  Posting  of business transaction to Real Orders
• Definition of Allocation structures
• Definition of Settlement profiles
• Definition of Planning profiles
• Settlement of Real Internal orders

 

1. PROFIT CENTER ACCOUNTING

• Basic Settings for Profit Center Accounting
• Creation of Dummy Profit Centers
• Maintenance of control parameters for actual postings
• Maintaining planning versions for profit centers
• Maintaining the number ranges for profit center documents
• Creation of profit center master records
• Display of profit center master records
• Changing the profit center master records
• Creation of revenue cost elements
• Automatic Assignment of Revenue elements for Profit Centers
• Assignment of  profit centers in cost center master records
• Creation of account groups in profit center accounting for planning
• Planning for profit and loss account items
• Planning for balance sheet items
• Posting of transactions  into profit centers
• Generating the variance reports for profit and loss account items
• Generating the variance reports for balance sheet items.

 

1. INTEGRATION (FINANCIAL ACCOUNTING &  MATERIAL MANAGEMENT – FI^MM)

• Definition of Organizational units in materials management i.e. plant, storage location and purchase organization
• Assignment of organizational units to each other
• Definition of tolerance groups for purchase orders
• Definition of tolerance groups for goods receipt
• Definition of tolerance groups for invoice verification
• Definition of vendor specific tolerances