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SAP FICO

( Duration: 10 Days )

This SAP FICO training course covers the major aspects of FI (Financial Accounting) and CO (Controlling) required by organizations of varying sizes. You will learn to integrate different modules of ERP for bringing financial automation by getting complete information on Accounts Receivable, Accounts Payable, General Ledger, Tax, etc. You will get complete overview of controlling the flow of costs and revenues taking place, and analyzing the company's performance for providing improved business process in terms of financial accounting and reporting.

By attending SAP FICO workshop, delegates will learn to:

Gain knowledge of SAP FICO's end-to-end configuration in an organization
Perform day to day transactional activities
Analyse the financial status of an organization
Gain knowledge of SAP FICO, G/L, A/P, A/R, and reports
Work with multiple SAP sessions at the same time
Manage the accounting data of multiple companies, currencies, and languages

Basic knowledge of accounting/ finance/ commerce

The SAP FICO class is ideal for:

Those working in the accounting and finance industry at all levels.

COURSE AGENDA

Introduction

ERP Concepts
Role of SAP Consultant
Why SAP is in demand?
Finance Overview: Transaction, Accounts and Accounting

Settings

General Settings
- Define Company
- Company Code
- Credit Control Area
- Business Area
- Chart of Accounts and Fiscal Year
- Assign Company Code to Company
- Chart of Accounts and Fiscal Year
- Create Tax Procedure and Attach to the Country
Posting Period
- Define Posting Period Variant
- Assign Posting Period Variant to company code
- Define Open and Close Posting periods
Document
- Define Document Types and Number Ranges
Account Group and Retained Earning Account
- Define Account Group and Retained Earning Account
Field Status Variant
- Maintain Field Status Variant
- Assign Field Status Variant to Company Code
Tolerance Group
- Tolerance Group for GL Accounts
- Tolerance Group for Employees
- Assigning Users to Tolerance Groups
Other Basic Steps
- Enable Fiscal Year Default
- Enable Default Value Date
- Check Company Code settings in Global parameters
Other topics in GL
- GL Master Creation
- Journal Entry Posting
- Blocking of an GL Account
- Unblocking of an GL Account
- Changing of GL Master
- Display Changes/What Changes/how it was done
- Parking of an account
- Releasing the parking document by changing the amount
- Releasing the parking document by deleting the document
- Difference between Park and Hold documents
- How to see an Account Balance
Reference Documents
- Sample document
- Account Assignment Model
- Recurring Entries
Reversal of Document
- Normal Reversal/Individual Reversal
- Mass Reversal
- Reversal of the Reversal
Open Item Management
- Full Clearing
- Partial Clearing
- Residual Clearing

Accounts Receivable(AR)

Settings in AR
- Account Group Creation
- Field Status
- No. Range Group and No. Ranges
- Assigning No. Range Group to Account Group
- Tolerance Group for Customers
- GL Accounts and Customer Master Creations
- Document Types and No. Ranges
- Posting Keys
- Invoice Posting
- Incoming Payment
- Clearing Open Items
Down Payment
- Down Payment
- Establishment between Recon a/c and Alternative Recon a/c
- Down Payment in Short-Cut Method
- Customer Credit Memo
- Correspondence

Accounts Payable(AP)

Settings in AP
- Account Group Creation
- Field Status
- No. Range Group and No. Ranges
- Assigning No. Range Group to Account Group
- Tolerance Group for Vendors
- GL Accounts and Vendor Master Creations(Bank Accounts)
- Document Types and No. Ranges
- Posting Keys
- Invoice Posting
- Outgoing Payment
- Clearing Open Items
Down Payment
- Down Payment
- Establishment between Recon a/c and Alternative Recon a/c
- Down Payment in Short-Cut Method
- Vendor Credit Memo
- Correspondence

Special and Important Topics

Sales Tax
Clearing Outstanding between Customer and Vendor
Cash Discount
Integration between FI and MM
Integration between FI and SD
Financial Statement Version

Asset Accounting(AA)

Chart of Depreciation
Account Determination
Screen Layout
Asset Master Creation
Asset Class
Depreciation Keys etc.
Acquisition of Asset
Asset Sale
Scrapping of an Asset
Transfer of Asset

Reports and Management Information System

GL Reports
AR Reports
AP Reports
AA Reports
MIS
CONTROLLING
Controlling Basic Settings
Defining Controlling Area
Assigning Controlling Area to Company Codes
Defining Number Ranges for Controlling Documents

Cost Element Accounting

Creating Cost Element Groups
Manual Creation of Primary and Secondary Cost Elements
Automatic Creation of Primary and Secondary Cost Elements

Cost Center Accounting

Creating Cost Center Hierarchy Key
Creating Cost Center Groups
Creating Cost Centers
Manual Repost Line Items
Automatic Reposting Line Items
Periodic Reposting
Creating Distribution Cycle

Internal Orders

Creating Order Types
Creating Number Ranges
Creating Internal Orders

Profit Center Accounting

Creating Profit Center Hierarchy
Creating Profit Center Groups
Creating Profit Centers
Creating Dummy Profit Center
Automatic Assignment of Balance Sheet A/c and P&L A/c to profit centers

Overview of Product Costing

Overview of Profitability Analysis

Encarta Labs Advantage

One Stop Corporate Training Solution Providers for over 6,000 various courses on a variety of subjects
All courses are delivered by Industry Veterans
Get jumpstarted from newbie to production ready in a matter of few days

Trained more than 50,000 Corporate executives across the Globe
All our trainings are conducted in workshop mode with more focus on hands-on sessions

View our other course offerings by visiting https://www.encartalabs.com/course-catalogue-all.php

Contact us for delivering this course as a public/open-house workshop/online training for a group of 10+ candidates.

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