Financial Controlling And Accounting SAP FICO

Get Proficient in SAP Financials, this professional excels in General Ledger management, Accounts Payable, and Accounts Receivable processes. Possessing expertise in taxation and banking accounting, they bring a comprehensive understanding of financial modules for effective organizational financial management.

Course Curriculum:

• Part 1 - The Organizational Structure
• Introduction To SAP & ERP:
• Understanding how Introduction to SAP & ERP - Overview of SAP and its Evolution, Introduction to Enterprise Resource Planning (ERP), Business Processes in Financial Accounting (FI) and Controlling (CO), Overview of SAP Implementation Tools. SAP Architecture,Components and Layers, FICO Module Overview,Functionalities and Scope, What is Organizational Structure?,Understanding the Concept of Organizational Structure in SAP Significance of Organizational Structure in Business Processes Components of SAP Organizational Structure Define Client - Definition and Role of a Client in SAP, Importance of Client in Multi-Tenant SAP Systems, Configuration Steps for Defining a Client, Define Company - Concept of Company in SAP, Creating and Defining Companies in SAP, Configuring Company-Specific Parameters, Define Company Codes - Definition and Purpose of Company Codes, Creating Company Codes in SAP, Assigning Company Codes to Companies, Define Business Area - Introduction to Business Areas in SAP, Configuration of Business Areas, Integration of Business Areas with Company Codes, Define Credit Control Area - Understanding Credit Control Areas in SAP,, Creation and Configuration of Credit Control Areas, Linking Credit Control Areas with Company Codes, Assign with Company Code - Establishing Relationships between Organizational Elements, Assigning Business Areas and Credit Control Areas to Company Codes, Configuring Cross-Company Code Transactions.
• Part 2 - Financial & General Accounting Global Settings
•  Financial Accounting Global Setting :
• Fiscal Year Variant- Definition and Configuration of Fiscal Year Variant, Types of Fiscal Year Variants, Impact on Financial Accounting Processes, Posting Period Variant - Setting Up Posting Period Variants, Configuration of Posting Periods, Assigning Posting Period Variant to Company Code, Field Status Variant - Overview of Field Status Variant, Configuration of Field Status Variant, Assigning Field Status Variant to Company Code, Assignments with Company Code - Importance of Assignments with Company Code, Configuring Assignments for Financial Accounting, Linking Organizational Elements to Company Code, Document Types - Definition and Purpose of Document Types, Configuration of Document Types, Document Type Assignments to Company Code, Posting Keys - Understanding Posting Keys in SAP, Configuration of Posting Keys, Assigning Posting Keys to Transaction Types, Number Ranges - Overview of Number Ranges in SAP FI, Configuration of Document Number Ranges, Assigning Number Ranges to Document Types, Tolerance Groups - Introduction to Tolerance Groups Configuring Tolerance Limits, Assigning Tolerance Groups to Users or Roles.
•  General Accounting Global Setting:
• Types of Chart of Accounts - Different Types of Chart of Accounts (Operating, Country-Specific, Group), Importance and Selection Criteria for Each Type. Define COA - Configuration Steps for Defining Chart of Accounts, Chart of Accounts Structure and Segments, Adding or Modifying G/L Accounts in the Chart of Accounts. Define Account Groups - Introduction to Account Groups, Configuring Account Groups for G/L Accounts, Impact of Account Groups on Master Data. Define Retained Earnings Account - Setting Up Retained Earnings Account, Configuration of Retained Earnings Account Assignment, Integration with Year-End Closing Processes. Assign COA to Company Code - Linking Chart of Accounts to Company Code, Configuration Steps for Assignment, Impact on Reporting and Transactions.
• Part 3 - The Business Process & Accounting
•  Business Process :
• Creation of G/L Masters - Definition and Importance of G/L Masters, Configuration Steps for Creating G/L Masters, Account Groups and Attributes. Post Journal Entries (F-02/FB50) - Journal Entry Posting Process in SAP FI, Transaction Codes F-02 and FB50, Document Header and Line Item Details. Reverse Posting - Reversal of Posted Documents in SAP, Configuration of Reverse Posting, Impact on Financial Statements. Park & Hold Documents - Parking Documents in SAP FI, Hold Documents in SAP FI, Configuration and Usage Scenarios. Sample & Recurring Documents - Creation and Use of Sample Documents, Configuration of Recurring Documents, Automation of Periodic Postings.
•  FI Accounts Receivable & Payable:
• Cust/Vend Account Groups Master Creation - Definition and Configuration of Customer/Vendor Account Groups, Attributes and Controls for Account Groups. No. Ranges, Assignment - Number Range Configuration for Customer and Vendor Masters, Assignment of Number Ranges to Account Groups, Impact on Document Numbering. Cust/Vendor Master Creation - Creating Customer and Vendor Masters, Data Maintenance and Validation, Account Group Specific Fields. Post Invoices & Payments - Invoice Posting Process for Customers and Vendors, Payment Posting Process in SAP FI. Types of Payments - Overview of Different Payment Types, Configuring Payment Methods in SAP, Manual and Automatic Payment Processes. Residual Payments - Definition and Configuration of Residual Payments, Handling Partially Cleared Invoices, Impact on Customer and Vendor Balances.
• Partial Payments - Configuration of Partial Payments, Handling Situations with Partial Invoice Settlements, Effects on Accounting and Reporting. Standard Payments - Standard Payment Process in SAP FI, Configuring Standard Payment Methods, Integration with Bank Accounting. Reason Codes - Defining and Configuring Reason Codes for Payments, Use Cases and Reporting with Reason Codes, Special GL Transactions - Overview of Special GL Transactions, Configuring Special GL Indicators, Impact on Reporting and Analysis. Cash Journal - Configuration and Use of Cash Journal, Recording Cash Transactions, Reconciliation with General Ledger. Bank Reconciliation - Bank Reconciliation Process, Configuration of Bank Statement Upload, Clearing Open Items in Bank Reconciliation. Terms of Payments - Setting Up and Configuring Payment Terms, Assignment of Payment Terms to Customer and Vendor Masters, Impact on Due Dates and Cash Flow. Cash Discounts - Definition and Configuration of Cash Discounts, Application of Cash Discounts in Transactions, Reporting on Cash Discounts. Dunning Procedure - Overview of Dunning in SAP Configuration of Dunning Procedures Dunning Run and Impact on Receivables
• Part 4 - The Taxation & Advanced Topics
•  Taxation :
• Tax on Sales/Purchases - Overview of Sales and Purchase Taxation, Configuration of Tax Codes, Tax Calculation and Posting in Documents. Withholding Tax - Introduction to Withholding Tax, Configuring Withholding Tax Codes, Withholding Tax Calculations and Reporting, FI Tax Integration - Integration of Taxation with Financial Accounting, Impact on Financial Statements, Configuration Steps for Tax Integration. FI GST Integration - Goods and Services Tax (GST) Overview, Configuration for GST Integration in SAP FI, GST Reporting and Compliance.
•  FI Assets Accounting:
• Chart of Depreciation - Definition and Configuration of Chart of Depreciation, Setting Up Multiple Depreciation Areas, Customizing Depreciation Calculation Methods. Assets Class - Creation and Configuration of Asset Classes, Attributes and Controls for Asset Classes, Assignment of Asset Classes to Chart of Depreciation. Assets Cycle (Purchase/Transfer/Depreciation, etc.) - Overview of Asset Lifecycle Processes,d Configuration Steps for Asset Purchase, Asset Transfer and Retirements, Depreciation Run and Period-End Closing. Integration With GL Accounting - Integration Points between Asset Accounting and General Ledger, Asset Postings and Impact on Financial Statements, Real-Time Integration Scenarios.
•  Controlling:
• Controlling Area Definition - Setting Up and Configuring Controlling Area, Importance of Controlling Area in SAP CO, Impact on Reporting and Analysis, Cost Centre - Creation and Configuration of Cost Centers, Cost Center Groups and Hierarchy, Cost Center Accounting and Reporting. Cost Elements - Types of Cost Elements in SAP CO, Configuration of Primary and Secondary Cost Elements, Linkage with General Ledger Accounts. Profit Centre - Introduction to Profit Centers, Configuration of Profit Centers, Assignment to Controlling Area and Reporting. Internal Order - Definition and Purpose of Internal Orders, Configuration of Internal Orders, Integration with Projects and Reporting. Accounting Postings - Understanding Accounting Postings in SAP CO, Document Splitting and Segment Reporting, Cost and Revenue Recognition.
• Part 5 - The Advanced Topics
•  FI-MM & FI-SD Integration :
• FI-MM & FI-SD Integration - Integration Scenarios between FI and MM Modules, Integration Scenarios between FI and SD Modules, Impact on Financial Accounting Processes. Valuation Level - Overview of Valuation Levels in SAP, Configuration and Usage in Material Valuation, Impact on Inventory Management. Valuation Class - Definition and Configuration of Valuation Classes, Assignment of Valuation Classes to Material Master, Impact on Material Valuation. Sales Pricing - Overview of Sales Pricing in SAP, Configuration of Condition Types and Pricing Procedures, Linkage with Sales Documents and Billing. Account Determination - Account Determination in SAP FI, Configuration of Automatic Account Determination, Impact on Financial Transactions. Transaction Codes & FICO Interview Questions - Common Transaction Codes in SAP FICO, Sample FICO Interview Questions and Answers, Tips for Successful FICO Interviews.