Description
A warm welcome to the SAP FICO course by Uplatz. SAP FICO (Finance and Controlling) module by SAP monitors company financials (SAP FI) and delivers cost accounting (SAP CO). SAP FI is used to store the financial data of an organization and also helps to analyze the financial conditions of a company in the market whereas SAP CO supports coordination, monitoring, and optimization of all the process in the organization. SAP FICO module is very robust and covers almost all business process encountered in various industries. It is one of the very important and widely implemented modules in SAP. It is one of important modules of SAP ERP and is used to store the financial data of an organization. SAP FI helps to analyze the financial conditions of a company in the market. It can integrate with other SAP modules like SAP SD, SAP PP, SAP MM, SAP SCM, etc. SAP FI comprises of the following sub-components −Finance Accounting General Ledger. Finance Accounting Accounts Receivable and Payable. Finance Accounting Asset Accounting. Finance Accounting Bank Accounting. Finance Accounting Travel Management. Finance Accounting Fund Management. Finance Accounting Legal ConsolidationSAP FI module enables you to manage financial accounting data within an international framework of multiple companies, currencies, and languages. SAP FI module mainly deals with the following financial components −Fixed assetAccrualCash journalAccounts receivable and payableInventoryTax accountingGeneral ledgerFast close functionsFinancial statementsParallel valuationsMaster data governanceSAP FI consultants are mainly responsible for implementing Financial Accounting and Cost Accounting with SAP ERP Financials. SAP Controlling (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. The main purpose of SAP controlling module is planning. It enables you to determine variances by comparing actual data with plan data and thus enables you to control business flows in your organization. Both SAP CO and SAP FI modules are independent components in a SAP system. The data flow between these components takes place on a regular basis. Data flows relevant to cost flows to Controlling from Financial Accounting. At the same time, the system assigns the costs and revenues to different CO account assignment objects, such as cost centers, business processes, projects or orders. SAP FICO entails numerous advantages and benefits as well. No wonder many individuals are pursuing career under this category. This helps in integrating different modules dealing with finance and controlling. These modules also cover external and internal accounting. The FICO's functional components for finance include ledger, fixed assets, account payables and receivables. For controlling, the functional components are internal orders, cost and profit center accounting, profitability analysis. The financial accounting in SAP features an imperative primary module wherein real-time financial transactions and processing will be captured providing a basis via data that can also be drawn for the purpose of external reporting. The SAP software financial modules also help companies and businesses unite parallel modules that might be in need for the utilization of software packages. SAP FI (Finance) has the capacity of meeting the accounting and financial need of organizations. Controlling in SAP also pertains to managerial accounting. The CO (Controlling) organizational elements that are facilitated by SAP modules benefit managers by providing them with reports on profitability, cost centers and more. SAP FICO module is firmly integrated with other ERP modules such as Sales and Distribution (SD), Materials Management (MM), Human Capital Management (HCM), etc. Uplatz provides this in-depth training on SAP FICO module covering each topic in great depth and supported by practical and hands-on scenarios demonstrated on SAP FICO system. SAP FICO, course covers the necessary certification topics for SAP FICO. It includes SAP FICO Business Processes, General Ledger, Accounts Payable, Accounts Receivable, Asset Accounting, New General Ledger and Controlling. As part of the curriculum, you will also be introduced to the configuration which covers FICO Organisational data, Master Data, processing Transaction data, Integration and Financial Reporting. Financial management requirements are constantly changing, and it's more important than ever to keep your skills current. This SAP Financial Accounting (FI) and SAP Controlling (CO) process and consultant training delivers the understanding and expertise professionals need for better management of finance accounting and reporting in enterprise. This SAP FICO training program focuses on core accounting and reporting concepts like financial controlling - credit control, maintain fiscal year variant and tax code, assign the company code to a chart of accounts etc. SAP FICO Course will prepare the students to learn and understand all the end-to-end implementation steps to configure SAP FI and CO modules for any organization. The SAP FICO course also highlights the necessary documentation and methodology which are used in SAP FICO implementation projects. After this course, the students will be able to identify and analyse the business requirements of any organization for Record to Report process cycle and to configure SAP FICO modules accordingly. The syllabus on SAP FICO course is focused on topics that students and other interested individuals should concentrate on. Sufficient knowledge on all the aspects of SAP FICO can help individuals boost their career and improve their business. There are plenty of reasons why enterprise software are becoming widespread and popular. Organizations and businesses have to deal with many complexities and challenges along the way. Learning SAP FICO can be an excellent means to keep an eye to the present and future financial aspects of business. This SAP FICO training will prepare you for the SAP job market as well as equip you with all the necessary knowledge that is needed for you to pass the SAP FI/CO certification Examination. Course ObjectivesBy the end of this SAP FICO training, you will be able to: Acquire the relevant knowledge required to clear the SAP certification examUnderstand the core concepts of SAP FICO moduleBe able to apply the knowledge learned to progress in your career as an associate level SAP FICO Functional consultantWell aware of all the functional modules of ERP and SAPFamiliar with the navigation and other features of R/3 SystemDefine basic settings for the organizational units for financeWork on Chart of Accounts, Retained Earnings Account and other General Ledger detailsDefine accounts for currency exchange rate differencesPrepare different types of accounting documentsWork on validations and substitutions for postingsManage account payables and accounts receivablesUnderstand asset accounting, cash journal, and closing of operationsHow to integrate FICO module with other ERP modules including, FI-MM, FI-SD, FI-HRSAP FICO - Course SyllabusSAP OverviewSAP NavigationFinancial Accounting Master DataChart of accountsG/L accountReconciliation accountsAccount groupsCustomer and vendor accountsBank accounts/bank keysDocument and Posting ControlDocument types and number rangesPosting keys and field status groupsPosting periodsPosting authorizationsDefault valuesDocument changes, change controlTolerance groups and payment differencesCross-company code transactionsDocument reversalIncoming and outgoing paymentsCash discount and payment conditionsTaxesClearing (manual and automatic)Payment differencesForeign currencies and exchange rate differencesCash journalSpecial General Ledger Transactions, Document Parking, Substitution and ValidationSpecial G/L transactions using the example of payment and guarantee of paymentSpecial G/L classes and typesCustomizing of different special G/L transactions"Park document" versus "hold document"Basics of document parkingProcessing parked documentsSubstitutionValidationPayment Program, Dunning Program, Correspondence, Interest CalculationPayment program configurationExecuting the payment runCreating payment mediaDunning program configurationExecuting the dunning run and printing the dunning noticeCorrespondence configurationCreating correspondenceInterest calculation configurationExecuting the interest calculation runEvaluation Options in ReportingDrill down reporting in Financial AccountingList ViewerInfo system and ABAP reports in General Ledger accounts receivable and accounts payable accountingClosing Operations in Financial AccountingMonth-end and year-end closingBalance sheet/P & L structure & reportingReceivables and PayablesProfit and lossTechnical, organizational and documentary stepsAsset AccountingOrganizational structuresMaster dataAsset transactions (for example, asset acquisition, retirement, and transfer)Periodic processing in Asset AccountingUsing the information systemThe New General LedgerActivation and the idea of the New General LedgerNew characteristics in FIScenarios and scenario assignmentDocument splittingReal-time integration CO => FIReporting with (new) FI standard drill down reportingDetailed level topics covered in this SAP FICO courseUnit 1: Introduction to SAP R/3Introduction to ERP, Advantages of SAP over other ERP PackagesIntroduction to SAP R/3 FICOLandscape - client conceptTransport request - creation, structure, types, statuses, releasing and movementUnit 2: Financial Accounting Basic Settings (Organization structure)Definition of companyDefinition of company codeAssignment of company to company codeDefinition of business areaDefinition of Chart of accounts and types of chart of accountsAssignment of chart of accounts to company codeDefinition of Account groupsDefining Retained Earnings AccountDefinition of fiscal year variant, Short-end fiscal yearAssignment of fiscal year variant to company codeDefinition of posting period variantAssignment of posting period variant to company codeOpen and close FI posting periodDefining document type & number ranges (internal and external)Maintenance of field status variantsAssignment of field status variant to company codeDefinition of tolerance groups for GL accountsDefinition of tolerance groups for employeesAssignment of tolerance groups to usersGlobal parametersUnit 3: General Ledger AccountingCreation of General Ledger Master (with and without reference)Display/Change/Block/Unblock of general ledger masterDocument Entry posting: normal postings and posting with referenceDisplay and change of documentsDisplay of GL balancesDisplay GL account line itemsParked documentsHold documentsCreation of Sample Document and postings with sample documentsCreation of account assignment model and postingConfiguration of line layouts for display of GL line itemsAccrual and Deferral documentsReversal of individual documents, mass reversal, reversal of cleared items and reversal of accrual and deferral documents, re-reversalTypes of clearing - standard, partial and residualDefining Exchange Rate types, Forex table and Translation and tablesDefine Exchange rates & posting of foreign currency transactionsInterest calculations on term loansRecurring documentsTables and reports in GLUnit 4: Accounts PayableCreation of vendor account groupsCreation of number ranges for vendor master recordsAssignment of number ranges to vendor account groupsCreation of tolerance group for vendersCreation of vendor master (display/change/block/unblock of vender master) and related tablesPosting of vendor transactions (invoice posting, manual payment posting, credit memo) and related tablesSettings for advance payments to parties (down payment) and clearing of down payment against invoices (special GL transactions)Posting of partial Payment & Residual PaymentCash discounts from vendors and payment termsAutomatic payment program configuration with SEPA formatBank master data and house banksF110 execution - main bank posting from F110 and bank clearing account posting from F110 and related tablesDME files creation in xml and txt format and understanding DME structure in DMEEPayment advice generation, payment summary generationReversal of payment documentsVendor clearing - standard, partial and residualCheck payment method and creating checks manually and automatically and printingCreation of check lots and maintenance of check registerCheck encashment datesCancellation of unissued checks and issued checksCreation of void reasonsIssued check cancellationDeleting manual checks and voided checksDefining correspondence & party statement of accountsReal-time scenarios on APPIntercompany payments - manual and automaticTables and reports in AP and APPUnit 5: Accounts receivable: Creation of customer account groupsCreation of number ranges for customer master recordsAssignment of number ranges for customer account groupsCreation of tolerance group for customersCreation of customer master (display/change/block/unblock of vender master) and related tablesPosting of customer transactions (sales invoice posting, manual payment posting, debit memo) and related tablesSettings for advance payment from parties (down payment)Configuration of settings for dunning and generating the dunning lettersDefining correspondence and party statement of accountsCash discounts to customersAPP configuration for incoming payments direct debitCustomer clearing - standard, partial and residualTables and reports in ARUnit 6: Bank AccountingHouse bankBank keyBank accountBank clearing accountsElectronic bank statement (EBS): Configuration and execution MT940Auto Lockbox: Configuration and executionCash journal/SAP queryUnit 7: Data MigrationLSMW (master data)BDC (transaction data)Unit 8: Asset AccountingDefining chart of depreciation, depreciation areasCreation of 0% tax codes for sales and purchasesAssignment of the chart of depreciation to company codeDefining account determinationDefinition of screen layout rulesDefinition of number ranges for asset classesIntegration with General Ledger & Posting rulesDefining Depreciation keyDefinition of multilevel methodsDefinition of period control methodsCreation of main asset master recordsCreation of sub-asset master recordsAcquisition/purchase of fixed assetsSale/retirement of fixed assetsTransfer of assets (intra and intercompany)Scrapping of assetsDepreciation runAsset history report, Asset explorer and Asset documentsLine item Settlement of assets under construction of capital work in progressYear-end activitiesAsset mass changesTables and reports in AAUnit 9: New General ledger accountingParallel ledgersDocument splittingUnit 10: ReportsFinancial statement version (FSV)CONTROLLINGUnit 1: Basic settings for controllingDefining Controlling AreaDefining Number ranges for Controlling AreaMaintain versionsUnit 2: Cost element accountingCreation of primary cost elements from FI and COManual and automatic creation of primary and secondary cost elementsGrouping of cost elementsChange cost element master recordsPrimary cost element categories and Secondary cost element categoriesDefault account assignmentsUnit 3: Cost Center AccountingDefining Cost Center Standard HierarchyCreation of Cost Centers and cost center groupsDisplay and change cost center master recordsCreation of cost center groupsActual posting to cost centersReposting of CO line itemsRepost of costsPlanning for cost centersActual and variance reportsTitleStatistical Key figureCreation and execution of Distribution Cycle with/without SKFCreation and execution of Assessment cycles with/without SKFCreation and execution of Actual periodic repostingUnit 5: Internal OrdersDefining order typesCreation of internal order master recordsDisplay and change internal order master recordsPostings to internal ordersPlanning for internal ordersReposting co line items for internal ordersRepost of costs for internal ordersReport of Actuals and Variance analysis for internal ordersCreation of real and statistical internal ordersPosting of business transaction to real ordersDefinition of allocation structuresDefinition of settlement profilesDefinition of planning and budget profilesSettlement of real internal ordersBudgeting and availability controlMaintain number ranges for budgetingDefine tolerances for availability controlSpecification of exempt cost elements from availability controlMaintenance of budget managerSAP Business workplaceUnit 6: Profit Center AccountingBasic Settings for Profit Center AccountingCreation of Dummy Profit CentersMaintenance of control parameters for actual postingsMaintaining planning versions for profit centersMaintenance the number ranges for profit center documentsCreation, change and display of profit center master recordsCreation of revenue cost elementsAutomatic Assignment of Revenue elements for Profit CentersAssignment of profit centers in cost center master recordsCreation of account groups in profit center accounting for planningPlanning for profit and loss account itemsPlanning for balance sheet itemsPosting of transactions into profit centersGenerating the variance reports for profit and loss account itemsGenerating the variance reports for balance sheet itemsTransferring balances from one PC to another PCUnit 7: Profitability analysisMaintaining the operating concern and related tablesDefine profitability segment characteristicsAssignment of controlling area to operating concernActivating the profitability analysisDefine number ranges for actual postingsMapping of SD conditions types to COPA value fieldsPA transfer structureCoPA document generation from Billing and FI documentCreation of reports - Report painterViewing the reportsProduct costingUnit 1: Product cost planningCreation of bill of materials BoMCreation of activity type master recordsPlanning for activity hoursActivity type price calculationCreation of work center master recordsCreation of routingsDefining cost sheet (overhead structures)Assignment of cost sheet to costing variantCost component structureCreation of cost estimate with quantity structureMarkingReleasing - price change documentCreation of cost estimate without quantity structureAdditive costingBase planning object (Reference or Simulation costing)IntegrationUnit 1: Integration of FI with MM (P2P cycle)Definition of organizational units in materials management i. e. plant, storage location and purchase organizationAssignment of organizational units to each otherDefinition of tolerance groups for purchase ordersDefinition of tolerance groups for goods receiptDefinition of tolerance groups for invoice verificationDefinition of vendor specific tolerancesCreation, display and change of material master recordsCreation of plant parametersMaintenance of posting periods for materials managementMaintenance of parameters for invoice verificationMaintenance of plant parameters for inventory management and physical inventoryDefinition of attributes for material typesAssignment of GL accounts for material transactions in financial accounting (Integration of MM with FI)Valuation classes, Valuation grouping codeCreation of purchase order, posting of goods receipt, invoice verification and Goods issue for productionPrice control - standard and moving average with postingsGR/IR clearing from F.13MM Pricing procedure and adding freight to pricing procedureStock report MB5BUnit 2: Integration of FI with SD (O2C cycle)Definition of sales organizationDefinition of distribution channelsDefinition of divisions and Sales areaAssignment among various organizational units in SDDefinition of partner functionsDefinitions of shipping point and loading pointsDefinition of pricing proceduresDetermining the shipping pointsDetermining the pricing proceduresMaintenance of SD condition typesMaintenance of condition recordsAssignment of GL accounts for sales transactions (integration of FI with SD)Creation of sales orderInitialization of stockPosting the delivery of goods with PGICreating the sales invoiceSD pricing procedureUnit 3: Validations and SubstitutionsLine item levelHeader levelUnit 4: Sales TaxInput taxOutput taxSales tax procedureUnit 5: IdocsStructure of an IdocAL11 path, Uploading and downloading files from AL11Testing and copying an IdocReprocessing an IdocUnit 6: ASAP MethodologyPhases in ASAP methodologyProject planUnit 7: Real time documentationBusiness blue print (BBP)EstimateHigh level designFunctional specificationsTest scriptUAT
