Sap FICO

Sap FICO course is offered by Mind Tec. We have been providing the best training that suits the specific requirements of the student and also the current market trends.

We provide Classroom training, Corporate Training as well as Online training so that one can take the training at the comfort of their own home or office.

We provide classes at various timings in the day that suits even the people who are currently working and would like to enhance their skills. We are among the leading Online and Corporate training Companies for the world!

Basic 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, e.t.c…

• 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

• 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.

Currencies

• Maintain Exchange Rates Maintain Table

• Define Translation Ratios for Currency

• Define Accounts for Exchange Rate Differences

• Posting with Foreign Currency

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

Validations and Substitutions

• Validations and Substitution

• Define Validation for posting

• GL Posting to check Validation

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.

Management of Account

• Open Item Management

• Types of Payments

• Standard Payment

• Partial Payment

• Residual Payment