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Welcome to our SAP FICO Q&A Blog

This blog is meant to be a forum for SAP FICO Professionals all over the world to share knowledge and experience, as well as to provide timely suggestions and solutions for the work related issues.

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SAP FICO Training & Placement

We provide intensive training to our students under the guidance of experienced SAP Professionals those who have been working in SAP implementation & support projects since many years. Once the training is completed, we help the candidates to build their resumes, conduct the mock interviews to gain the confidence, and we finally place the candidates in the projects.

Our Training methodology

Basics
• Financial Accounting & Business Processes
• Financial Accounting with SAP System
• SAP vs Other ERP systems
• SAP system Navigation

Enterprise Structure
• Define – Company, Company Code, Plant, Sales Organization, Distribution Channel. Division, Purchase organization, credit control area, and functional area
• Maintaining of controlling area
• Creation of Operating Concern
• Assignments - Assign company code to company, Assign company code to credit control area, Assign controlling area to Company code, Assign functional area to company code.

Financial Accounting
General Ledger Accounting
• Creation of Chart of Accounts
• Assignment of Chart of Accounts to Company Code
• Define Account Groups
• Maintain Fiscal year Variant, and assign to Company code
• Define posting period variant, and assign to Company code
• Create document number ranges for Company code
• Define document types and assign to number range
• Enable Fiscal year & Value date default
• Maintaining Field Status variants & assigning them to Company code
• Configure screen variants for document entry
• Define tolerance groups, and assign to employees
• Global Settings for Company Code
• Creation of General Ledger Master (with and with out reference)
• Display/Change/Block/Unblock of general ledger master
• Document Entry posting normal postings posting with reference
• Display and change of documents
• Display of GL balances and Line items
• Parked documents & hold documents
• Creation of Sample Document and posting
• Defining recurring entry document and posting
• Reversal of individual documents, mass reversal , reversal of cleared items and reversal of accrual and deferral documents
• Defining Exchange Rate types and Translation ratios
• Define Exchange rates & posting of foreign currency transactions

Accounts Payable
• Creation of vendor account groups and assignment of number ranges
• Creation of tolerance group for venders
• Creation of vendor master (display/change/block/unblock of vender master)
• Posting of vendor transactions (invoice posting, payment posting, credit memo)
• Settings for advance payments to parties (down payment) and clearing of down payment against invoices (special GL transactions)
• Posting of partial Payment & Residual Payment
• Creation of payment terms,
• Creation of house banks and account ids.
• Creation of check lots and maintenance of check register
• Configuration of automatic payment program
• Payment to vendors through APP
• Un-issued & issued checks cancellation and reversal of issued checks.
• Defining correspondence & party statement of accounts

Accounts receivable:
• Creation of customer account groups and assignment of number ranges
• Creation of tolerance group for customers
• Creation of customer master (display/change/block/unblock of vender master)
• Posting of customer transactions (sales invoice posting, payment posting, debit memo)
• Settings for advance payment from parties (down payment)
• Configuration of settings for dunning
• Defining correspondence & party statement of accounts

Asset Accounting
• Defining chart of depreciation
• Defining account determination, screen layout, number ranges and asset classes.
• Integration with General Ledger & Posting rules
• Creation of asset master and sub asset master (change/display/block/unblock)
• Defining Depreciation key (base, declining, multilevel, period control methods)
• Acquisition or purchase of assets, sale of assets
• Scrapping of assets, Transfer of assets
• Post Capitalization and write up
• Depreciation run
• Line Settle of assets under construction of capital work in progress

Integration
• Integration with SD for Order to Cash Process
• Integration with MM for Procure to Pay Process

Controlling
Basic settings for controlling
• Defining Controlling Area
• Defining Number ranges for Controlling Area
• Maintain Planning Versions
• Creation of Primary and Secondary Cost Elements
• Creation of Cost Element Groups
• primary cost element categories and secondary cost element categories

Cost Center Accounting
• Defining Cost Center Standard Hierarchy
• Creation of Cost Centers and cost center groups
• Planning for cost Center, posting to cost centers
• Repost of Costs
• Creation and Execution of Distribution Cycle
• Creation and execution of assessment cycles

Internal Orders
• Defining order types
• Creation of internal orders
• Planning of internal orders
• Postings to internal order

Profit Center Accounting
• Basic Settings for Profit Center Accounting
• Creation of Dummy Profit Centers
• Maintaining versions for profit centers
• Creation of profit centers and profit center groups
• Creation of revenue cost elements
• Automatic Assignment of Revenue elements for Profit Centers
• Postings to profit centers, planning and variance reporting

Reports

FI
• Financial statement version
• GL Reports
• Accounts payable reports
• Accounts receivable reports
• Assets Accounting Reports

Controlling
• Cost Center Accounting reports
• Internal Order Reports
• Profit Center Reports