SAP Finance & Controlling (FICO)

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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 used for an external purpose such as Balance sheet and Profit and Loss of each financial year.

Who is it for?

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

Prerequisites

A general understanding of Finance

What you will learn?

1. Introduction

Understanding of what is ERP Systems
Introduction to SAP

Organisational Structure

Defining company
Configuring company code
Defining business area
Assigning company code to company

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 document number ranges
Defining field status variant
Assigning field status variant to company code
Defining tolerance groups for employees

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

Accounts Receivable

Creating number 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

Accounts Payable

Creating vendor groups
Creating vendor ranges
Creating ranges to vendor groups
Creating vendor
Change Vendor details
Display Vendor and Balance
Display customer details and Balances
Raising vendor invoice
Outgoing payments
APP ( Automatic Payment Programme)
Cash discounts/Terms of Payment
Interest calculation
Down payment
Bank Guarantee

Bank Accounts

Creating house bank
Configuring petty cash journal
Configuring automatic payment to vendors

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

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

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
Creating asset classes
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

New GL Accounts

Configuring new GL
Document splitting (Active, Passive, and Zero Balance)
Configuring leading and non-leading ledger

Financial Statement Versions

Configuration of FSV
FSV and their use in company’s report on IFRS and GAAP both

Closing down procedures and Reports with Information System Controlling

General Controlling
1. Maintaining control area settings
2. Assign controlling area to Company code
3. Maintaining number ranges for controlling documents
4. Activating controlling indicators
Cost Element Accounting
1. Creating various types of cost elements
2.Creating primary cost element
3.Creating secondary cost element
4.Automatic and Manual creation of cost elements
Cost centre accounting
1. Creating cost centre hierarchy
2.Creating cost cent
3.Creating activity types
4.Reports of cost centres
Profit centre Accounting
1. Creating profit centre
2Creating dummy profit centre
3.Creating profit centre hierarchy
4.Assigning profit centre to cost centre
5. Reports on profit centre

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