who is it for?
- SAP FI End users
- Accountants
- ACCA Qualified professionals
- Project team members
- SAP FI consultants
- Aspiring SAP FICO Consultants
prerequisites
- A general understanding of Finance
what will you learn?
1.Introduction
- Understanding of what is ERP Systems
- Introduction to SAP
2.Organisational Structure
- Defining company
- Configuring company code
- Defining business area
- Assigning company code to company
3.Financial Accounting Global Settings
- Maintaining fiscal year variant
- Assigning fiscal year variant to company code
- Defining posting periods
- Defining open and close posting periods
- Assigning variant to company code
- Document types and Parameters
- Defining document number ranges
- Defining SAP posting keys
- Defining field status variant
- Assigning field status variant to company code
- Defining tolerance groups for employees
4.General Ledger Accounting
- Defining chart of accounts
- Assigning chart of accounts to company code
- Defining account groups
- Defining retained earnings account
- Maintain Field status variant for General ledger
- Creating GL accounts
- Set up Tolerance for postings
- Postings
- Park/Hold the document
- Reversal entries
- Document change control
5.Accounts Receivable
- Creating customer groups
- Field validation for Groups
- Creating number ranges
- Assigning number ranges to customer groups
- Creating customer
- Change customer details
- Display customer details and Balances
- Raising sales invoice
- Incoming payments
- Cash discounts
- Down payment
- Bank Guarantee
- Interest calculation
- Credit memo
- Dunning procedure and executing dunning run
6.Accounts Payable
- Creating vendor groups
- Creating vendor ranges
- Creating ranges to vendor groups
- Creating vendor
- Change Vendor details
- Display Vendor and Balance
- Raising vendor invoice
- Outgoing payments
- APP ( Automatic Payment Programme)
- Cash discounts/Terms of Payment
- Interest calculation
- Down payment
- Bank Guarantee
- Debit memo
7.Bank Accounts
- Creating house bank
- Configuring petty cash journal
- Configuring automatic payment to vendors
8.Tax
- Define country tax procedure
- Define calculation procedure
- Assignee calculation procedure
- Base amount settings
- Exempt Tax codes and reasons for the same.
- Creating GL accounts of input tax output tax and sales tax
- Configuration for tax calculation Postings
9.Foreign Currency
- Exchange Rate Difference General Ledger for Foreign currency document posting
- SAP Netweaver with Currency setting.
- Currency translation ratio
- Defining, changing and maintaining exchange rate ratios
- Overview of realised and unrealised profit and loss
10.Asset Accounting
- Copying chart of depreciation
- Assigning chart of depreciation to company code
- Specify account determination
- Create screen layout rules
- Creating asset classes
- Depreciation area and use of Depreciation area
- Maintain asset master records (Create /Change /Display)
- Acquisition of asset
- Running depreciation
- Manual depreciation and unplanned depreciation
- Retirement of asset
- Transfer of asset INTA and INTERNAL
- Scraping of an asset
- Depreciation postings
- Reports on asset accounting
- Asset Explorer
11.New GL Accounts
- Configuring new GL
- Document splitting (Active, Passive, and Zero Balance)
- Configuring leading and non-leading ledger
12.Financial Statement Versions
- Configuration of FSV
- FSV and their use in company’s report on IFRS and GAAP both
13.Closing down procedures and Reports with Information System Controlling
- General Controlling
- Maintaining control area settings
- Assign controlling area to Company code
- Maintaining number ranges for controlling documents
- Activating controlling indicators
- Cost Element Accounting
- Creating various types of cost elements
- Creating primary cost element
- Creating secondary cost element
- Automatic and Manual creation of cost elements
- Cost centre accounting
- Creating cost centre hierarchy
- Creating cost centre
- Creating activity types
- Reports of cost centres
- Profit centre Accounting
- Creating profit centre
- Creating dummy profit centre
- Creating profit centre hierarchy
- Assigning profit centre to cost centre
- Reports on profit centre