FICO

SAP FICO refers to the Finance (FI) & Controlling (CO) is the Core modules of SAP ERP technique. SAP FI (Financial Accounting) is an important core module in SAP where in live time the financial processing transactions are captured. 

This is used to generate statutory Financials Statements in which information is drawn for outside reporting purposes. SAP CO (Controlling) module is provides operational information to the management of a company to support business analysis & decision-making.

Content:

• Enterprise Structure & Financial Accounting Global settings
  • Overview of Organizational Elements in Accounting
  • Organizational Units
  • Define and Assign Organizational Units for Finance: Ex: – Country, Regions, Company, Company Codes, Business Areas, Functional Areas, etc.,
  • Variant Principle
  • Fiscal Year and Posting Periods
  • Field Status Variants
  • Document types and Number Ranges
  • Posting Keys
  • Define Tolerance for GL Accounts and Employees
  • Global Parameters
• General Ledger Accounting
  • Master Data Overview
  • Chart of Accounts
  • Types of Chart of Accounts
  • Define and Assign Chart of Accounts,
  • Define Account Groups and Screen Layout for GL Accounts,
  • Define Retained Earnings Account,
  • Creations of GL Accounts Master Records,
  • Postings, Display GL Account Balances and Document.
• Accounting Documents
  • Parking Document
  • Holding Document
  • Reference Document
  • Recurring Document
  • Sample Document
  • Account Assignment Model
  • Fast Data Entry
• Reversals
  • Individual Reversals
  • Mass Reversals
  • Reversals of Reversals
  • Cleared item Reversals
• Bank Accounting
  • Define House Banks with Bank Accounts
  • Creation of check number ranges for check lot
  • Define void reason codes
  • Issue of a check
  • Manual payment
  • Cancellation of issue check with reason codes
  • Check register
• Accounts Payables
  • Overview on Procurement Process
  • Overview on Vendor Master Data
  • Define Account Groups with Screen Layout
  • Define Number Ranges for Vendor Accounts
  • Assign Number Ranges to Vendor Account Groups
  • Reconciliation Accounts
  • GL Account Creation
  • Creation of Vendor Master Records
  • Vendor Document Types and Number Ranges
  • Posting Keys
  • Define Payment Terms
  • Define Tolerance for Vendors/Customers
  • Posting of Purchase Invoices
  • Display Vendor Line Items
  • Outgoing Payments
  • Vendor Clearings
  • Credit Memo Postings
  • Special GL Transactions (Down Payments Made)
  • Posting Down Payments
  • Clearing of Down Payments against Invoices
  • Reason Codes for under and over Payment
  • Automatic Payment Program
• Accounts Receivables
  • Overview on Sales Process
  • Complete Customer Master Data
  • Define Account Groups with the Screen Layouts
  • Create Number Ranges to Customer Accounts
  • Assign Number Ranges to Customer Account Groups
  • Reconciliation Accounts
  • Create Customer Master Records
  • Document Types and Number Ranges
  • Posting Keys
  • Payment Terms
  • Posting of Sales Invoices
  • Incoming Receipt with Clearings
  • Display Customer Line Items
  • Display GL Account Balances
  • Special GL Transactions (Down Payments Received)
  • Posting of Down Payments (Advance Receipt)
  • Clearing of Down Payments
  • Customer Credit Memo
• Dunning Procedure
  • Define dunning procedure
  • Define dunning level
  • dunning charges
  • dunning text
  • Dunning Procedure with Customer
• Management of Account
  • Open Item Management
  • Types of Payments
  • Standard Payment
  • Partial Payment
  • Residual Payment
• Payment with Term
  • Residual payment
  • Payment terms
• Advance Payment
  • Define alternative reconciliation a/c
  • Vendor request
  • Down payment
  • Down payment clearing
• Cash Journal
  • Set up cash journal
  • Define number range intervals for cash journal document
  • Create change, delete, business transaction
  • Set up print parameter for cash journal
  • Cash journal posting
• Closing Operations
  • GL Report
  • AR Report
  • AP Reports
  • AM Reports
• Integration
  • Integration of MM to FI
  • Integration of SD to FI
  • Integration of HR to FI
• Tax on Sales/ Purchase (GST)
  • Check calculation procedure
  • Check & change setting for tax processing
  • Assign country to calculation procedure
• Maintain Tax Codes
  • Define tax codes for sales & purchases
  • Define tax accounts
  • Assign Tax Codes For Non-Taxable Transaction
• Invoice Posting with Tax
• Extending Withholding Tax (TDS)
  • Check withholding tax countries
  • Define withholding tax keys
  • Define reasons for exemption
  • Define business places
  • Assign factory calendar to business place
• Extending Withholding Tax (TDS)
  • Define section codes
  • Define withholding tax type for invoice posting
  • Define withholding tax type for payment posting
  • Define withholding tax codes
  • Check recipient types
• Tax Due Dates
  • Maintain tax due dates
  • Assign withholding tax types to company code
  • Activate extended withholding tax
  • Define accounts for withholding tax to be paid over
  • Maintain number groups
  • Assign number range to number group
  • Maintain number ranges
  • Maintain company code setting
• Asset Accounting
  • G/L creation of Asset Accounting
  • Copy reference chart of deprecation
  • Assign chart of deprecation to company code
  • Specify account determination
  • Create Screen Layout Rules
  • Define number ranges interval
  • Define Asset Classes
  • Assign G/L accounts
  • Assign input tax indicator for non – taxable acquisition
  • Determine Depreciation area in the asset classes
  • Specify rounding areas in the asset classes
  • Specify rounding of net book value and (or dep.)
  • Define screen layout for asset master data
  • Define screen layout for asset depreciation areas
  • Define base method
  • Define declining balance method
  • Define multi-level method
  • Maintain period control methods
  • Maintain depreciation key, Define or assign forms
  • Create asset, asset sub number
  • External acquisition – asset purchase
  • Depreciation run, Asset retirement by scrapping
  • Asset explorer report, Retirement with customer
  • Asset sale without customer