SAP FICO

sap fico

SAP Financial Accounting & Controlling (SAP FICO)

Overview

Duration -16 Days

Pre-Requisites - Minimum of 2-3 years experience in the financial domain or academic qualification in finance and accounts.

SAP Financial accounting FI delivers tools and reports that enable you to manage all financial process. For example chart of accounts which allows you to define all accounts and their hierarchical relationship. Journal entries allow you to enter or find manual journal entries and automatically allocate each transaction to a project or profit center. The recurrent journal transaction creates its own set of recurrent transaction including automatic frequency reminders. A transaction template enable you to save time and prevent mistakes when entering manual journal entries.

Program- SAP Financial Accounting (SAP FI)

Course Outline:

Step 1

  • Organization Structure
  • Reaching the IMG (Implementation Guide)
  • Define a Company
  • Define a Company Code
  • Assign Company Code to Company

Step 2

  • Global Accounts Setting
  • Chart of Accounts
  • Allocate Company Code to Chart of Accounts
  • Setup Accounts Groups and their Number Ranges
  • Assign Fiscal Years Variant
  • Assign Posting Period Variant Company Code
  • Document Number Ranges for Company Code
  • Assign Field Status Variant to Company Code
  • Define Tolerances for employees

Step 3

  • General Ledger
  • General Ledger Accounts
  • Create General Ledger Accounts
  • Reconciliation Accounts
  • Retained Earnings Accounts
  • Expense and Revenue G/L Accounts
  • General Ledger Postings
  • Display Balance of G/L Accounts
  • Display Line items
  • Reverse Entries
  • Account Assignment Model

Step 4

  • Setup Business Partners
  • Customers & Vendors
  • Set Tolerance for Customers and Vendors
  • Customers Accounts Groups
  • Create Numbers Ranges for Customers Accounts
  • Allocate Number Ranges to Customers Groups
  • Customers Master Record
  • Create of Vendor Groups
  • Create Number Ranges for Vendor Accounts
  • Allocate Number Ranges to Vendor Accounts Groups
  • Create Vendor Master Record
  • Post a Customer Invoices
  • Clear open items by incoming payments
  • Post Partial Payment against an inovice
  • Residual Payment
  • Create under/over Payment Accounts
  • Assign under/over Payment Accounts to process key (ZCI)
  • Cash discount Granted Accounts at General Ledger Level
  • Assign Cash discount Granted Account to process key SKT
  • Cash discount taken Accounts process key SKE
  • Payment within Tolerance (Incoming)
  • Payment within Tolerance (Outgoing )
  • Payment within Tolerance with 3% Discount
  • Configure Automatic Payment Program

Step 5

  • Reporting
  • The reporting tool functional statement version
  • Simple financial statement
  • Balance sheet
  • Profit and Loss statement

Functions of SAP Controlling (SAP CO)

Controlling module represents the company’s flow of cost and revenue. It is a management instrument for organizational decision it too is automatically updated as events occur. The R/3 is control module is especially suitable for the cost element, cost center order an result accounting of clinics, Co allows straightforward integration into R/3 FI, MM or FI AA and enables direct booking of figures from the different sectors. it also offers a wide range of charging techniques for accounting both actual and planned figures.

Controlling - Cost Center Accounting

  • Setup Controlling Area Guide
  • Activate Components / Control Indicators
  • Assign Company Code(s) to Controlling Area
  • Set Controlling Area
  • Maintain Controlling Document groups and their number ranges
  • Create Standard Hierarchy
  • Create Cost Elements
  • Primary Cost Elements
  • Post Transactions
  • Display Co documents (individual)
  • Display Co documents (multiple)
  • Overhead Cost Order
  • Create Primary Cost Element Group
  • Create Secondary Cost Elements
  • Maintain Settlement Structures
  • Maintain Number Ranges for Settlement Documents
  • Creating an Order
  • Post Actual cost to Internal Order
  • Check the Balance of the Order
  • Display the order (Posting in Co )
  • Configure Distribution Cycle
  • Execute Distribution Cycle

Also on this Course we offer the following

  • Hands on Experience
  • Real Time Project work
  • Interview Based Training

(To obtain the detailed course contract and to learn more about our training course contact us at 02086407444 or email at enquiry@erpcollege.com)