WHAT IS SAP FICO?

SAP Financial Accounting (FI) is core module where all the financial processing transactions are captured. This is the module that is used to create statutory Financial Statements for external reporting purposes. It is an important core module of ERP processes, wherein real time financial transactions are integrated with various parallel SAP modules for best results. The SAP FI module is very flexible and is functions well in any type of economic situation. Be it a smaller organization or a larger organization, SAP implementation helps in consolidating data for diverse business transactions and legal requirements. Financial Accounting module helps one to get real-time financial position of an enterprise in the market. Functions in SAP FI can primarily be divided into General Ledger Accounting (G/L), Accounts Receivable and Accounts Payable (AR/AP) processing, and Fixed Asset Accounting (AA).
SAP Management Accounting (CO) is another important SAP module offered to an organization. It supports coordination, monitoring, and optimization of all the processes in an organization. SAP CO involves recording both the consumption of production factors and the services provided by an organization. SAP CO includes managing and configuring master data that covers cost and profit centers, internal orders, and other cost elements and functional areas.

COURSE DURATION : 60- 80 HRS

COURSE CONTENT:

1)INTRODUCTION:


• • ERP Overview
  • Enterprise Structure
  • ERP R/3 Structure
  • ASAP Methodology
  • Role of a Functional Consultant
  • Core Functional Modules Overview
  • Introduction to Finance Module
  • Integration in SAP

2)ORGANIZATION STRUCTURE IN FINANCE:


• • Define Company
  • Define Company Code
  • Assign Company Code to Company
  • Define Business Areas
  • Define Fiscal Year Variants
  • Assign Fiscal Year Variant to Company Code
  • Assign Fiscal Year Variant to Company Code
  • Define Posting Period Variants

3)GENERAL LEDGER CONFIGURATION & OPERATION:


• • Define Chart of Accounts
  • Define Account Groups
  • Assign Chart of Accounts to Company Code
  • Define Retained Earnings Account
  • Creation and Display of General Ledger Accounts
  • Deletion of General Ledger Accounts
  • Hierarchy Display of General Ledger Accounts
  • Posting in General Ledger Accounts
  • Display General Ledger Accounts Balance
  • Maintain General Ledger Layouts

4)ACCOUNT PAYABLE CONFIGURATION & OPERATION:


• • Create Vendor Groups
  • Maintain Number Ranges for Vendor Groups
  • Assign Number Ranges to Vendor Groups
  • Define Document Types for Vendor Posting
  • Create G/L Accounts (Trade Payable, Purchase & Purchase Return)
  • Create Vendor Master
  • Display Vendor Master
  • Edit Vendor Master
  • Purchase Invoice Posting
  • Display Vendor Balances

5)ACCOUNT RECEIVABLE CONFIGURATION & OPERATION:


• • Create Customer Groups
  • Maintain Number Ranges for Customer Groups
  • Assign Number Ranges to Customer Groups
  • Document Types for Customer Posting
  • Create G/L Accounts(Trade Receivable, Sales &Sales Return)
  • Create Customer Master
  • Edit Customer Master
  • Display Customer Master
  • Sales Invoice Posting
  • Incoming Payment – Standard & Partial
  • Customer Document Parking

6)FOREIGN EXCHANGE:


• • Create Foreign Exchange Rate
  • Account Determination for Exchange Rate Gain / Loss
  • Document Posting in Foreign Currency

7)BANKING CONFIGURATION & OPERATION:


• • Fundamental of banking operations
  • House bank configuration
  • Creation of Bank Key

8)CASH JOURNAL :


• • Cash Journal Configurations
  • Define Cash Journal
  • Document Posting in Cash Journal

9)NEW GL ACCOUNTING :


• • New GL Configuration
  • Document Splitting Configuration
  • Posting Document with Document splitting

10)ASSET ACCOUNTING:


• • Copy Reference Chart of Depreciation
  • Assign Chart of Depreciation to Company code
  • Specify Account Determination
  • Create Screen Layout Rules
  • Define Number Range Intervals
  • Define Asset Classes
  • Define Screen Layout for Asset Master Data
  • Define Screen Layout for Depreciation Areas
  • Determine Depreciation Areas in Asset Class
  • Creation of G/L Accounts

11)CONTROLLING :


• • Controlling Fundamental
  • Maintain Controlling Area
  • Maintain Number Ranges for Controlling Documents
  • Maintain Versions
  • Creation of Cost Element

12)COST CENTER ACCOUNTING :


• • Creation of Cost Centers
  • Creation of Cost Centre Groups
  • Cost Center Postings
  • Cost Centre Reports

13)PROFIT CENTER ACCOUNTING :


• • Creation of Dummy Profit Centers
  • Creation of Actual Profit Center
  • Creation of Profit Centre Groups
  • Profit Center Postings
  • Profit Centre Reports