SAP Finance & Controlling ( SAP FICO )

WHAT IS IT ABOUT ?

SAP Finance and Controlling(SAP FI) is based on pure accounting principles which provides core accounting and reporting capabilities and ensures the most up-to-date balances and reporting accuracy through complete integration between the General Ledger (GL) and the Accounts Receivable (AR) and Accounts Payable (AP) and Asset Accounts (AA). Its flexible configure as per country specific standards of Reporting, Tax and Depreciation.

The SAP FI module is the Core Module in SAP ERP it integrates with other modules such as Controlling, Sales and Distribution, Purchasing and Materials Management and Human Resources. Document transactions occurring within these modules generate account postings via account determination tables. Reports of this Modules are user for external purpose such as Balance sheet and Profit and Loss of each financial year.

Course Overview

Who is it for ?


  • SAP FI End users
  • Accountants
  • ACCA Qualified professionals
  • Project team members
  • SAP FI consultants
  • Aspiring SAP FICO Consultants

Pre Requisites


  • A general understanding of FI

What will you learn ?


1:- Introduction

  • Understanding of what is ERP Systems
  • Introduction to SAP

2:- Organizational 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

1:- General Controlling

  • Maintaining control area settings
  • Assign controlling area to Company code
  • Maintaining number ranges for controlling documents
  • Activating controlling indicators

 2:- Cost Element Accounting

  • Creating various types of cost elements
  • Creating primary cost element
  • Creating secondary cost element
  • Automatic and Manual creation of cost elements

 3:- Cost center accounting

  • Creating cost centre hierarchy
  • Creating cost centre
  • Creating activity types
  • Reports of cost centers

 4:- Profit Center Accounting

  • Creating profit center
  • Creating dummy profit center
  • Creating profit center hierarchy
  • Assigning profit center to cost center
  • Reports on profit center