SAP Finance and Controlling (FICO) (beginner to expert)

About SAP Finance and Controlling (FICO) (beginner to expert)

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 Consolidation SAP 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 asset

Accrual

Cash journal

Accounts receivable and payable

Inventory

Tax accounting

General ledger

Fast close functions

Financial statements

Parallel valuations

Master data governance SAP 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 Objectives

By the end of this SAP FICO training, you will be able to:

Acquire the relevant knowledge required to clear the SAP certification exam

Understand the core concepts of SAP FICO module

Be able to apply the knowledge learned to progress in your career as an associate level SAP FICO Functional consultant

Well aware of all the functional modules of ERP and SAP

Familiar with the navigation and other features of R/3 System

Define basic settings for the organizational units for finance

Work on Chart of Accounts, Retained Earnings Account and other General Ledger details

Define accounts for currency exchange rate differences

Prepare different types of accounting documents

Work on validations and substitutions for postings

Manage account payables and accounts receivables

Understand asset accounting, cash journal, and closing of operations

How to integrate FICO module with other ERP modules including, FI-MM, FI-SD, FI-HR

SAP FICO - Course Syllabus

SAP Overview

SAP Navigation

Financial Accounting Master Data

Chart of accounts

G/L account

Reconciliation accounts

Account groups

Customer and vendor accounts

Bank accounts/bank keys

Document and Posting Control

Document types and number ranges

Posting keys and field status groups

Posting periods

Posting authorizations

Default values

Document changes, change control

Tolerance groups and payment differences

Cross-company code transactions

Document reversal

Incoming and outgoing payments

Cash discount and payment conditions

Taxes

Clearing (manual and automatic)

Payment differences

Foreign currencies and exchange rate differences

Cash journal

Special General Ledger Transactions, Document Parking, Substitution and Validation

Special G/L transactions using the example of payment and guarantee of payment

Special G/L classes and types

Customizing of different special G/L transactions

“Park document” versus “hold document”

Basics of document parking

Processing parked documents

Substitution

Validation

Payment Program, Dunning Program, Correspondence, Interest Calculation

Payment program configuration

Executing the payment run

Creating payment media

Dunning program configuration

Executing the dunning run and printing the dunning notice

Correspondence configuration

Creating correspondence

Interest calculation configuration

Executing the interest calculation run

Evaluation Options in Reporting

Drill down reporting in Financial Accounting

List Viewer

Info system and ABAP reports in General Ledger accounts receivable and accounts payable accounting

Closing Operations in Financial Accounting

Month-end and year-end closing

Balance sheet/P&L structure & reporting

Receivables and Payables

Profit and loss

Technical, organizational and documentary steps

Asset Accounting

Organizational structures

Master data

Asset transactions (for example, asset acquisition, retirement, and transfer)

Periodic processing in Asset Accounting

Using the information system

The New General Ledger

Activation and the idea of the New General Ledger

New characteristics in FI

Scenarios and scenario assignment

Document splitting

Real-time integration CO => FI

Reporting with (new) FI standard drill down reporting

Detailed level topics covered in this SAP FICO course

Unit 1: Introduction to SAP R/3

1. Introduction to ERP, Advantages of SAP over other ERP Packages 2. Introduction to SAP R/3 FICO 3. Landscape – client concept 4. Transport request – creation, structure, types, statuses, releasing and movement

Unit 2: Financial Accounting Basic Settings (Organization structure)

1. Definition of company 2. Definition of company code 3. Assignment of company to company code 4. Definition of business area 5. Definition of Chart of accounts and types of chart of accounts 6. Assignment of chart of accounts to company code 7. Definition of Account groups 8. Defining Retained Earnings Account 9. Definition of fiscal year variant, Short-end fiscal year 10. Assignment of fiscal year variant to company code 11. Definition of posting period variant 12. Assignment of posting period variant to company code 13. Open and close FI posting period 14. Defining document type & number ranges (internal and external) 15. Maintenance of field status variants 16. Assignment of field status variant to company code 17. Definition of tolerance groups for GL accounts 18. Definition of tolerance groups for employees 19. Assignment of tolerance groups to users 20. Global parameters

Unit 3: General Ledger Accounting

1. Creation of General Ledger Master (with and without reference) 2. Display/Change/Block/Unblock of general ledger master 3. Document Entry posting: normal postings and posting with reference 4. Display and change of documents 5. Display of GL balances 6. Display GL account line items 7. Parked documents 8. Hold documents 9. Creation of Sample Document and postings with sample documents 10. Creation of account assignment model and posting 11. Configuration of line layouts for display of GL line items 12. Accrual and Deferral documents 13. Reversal of individual documents, mass reversal, reversal of cleared items and reversal of accrual and deferral documents, re-reversal 14. Types of clearing – standard, partial and residual 15. Defining Exchange Rate types, Forex table and Translation and tables 16. Define Exchange rates & posting of foreign currency transactions 17. Interest calculations on term loans 18. Recurring documents 19. Tables and reports in GL

Unit 4: Accounts Payable

1. Creation of vendor account groups 2. Creation of number ranges for vendor master records 3. Assignment of number ranges to vendor account groups 4. Creation of tolerance group for venders 5. Creation of vendor master (display/change/block/unblock of vender master) and related tables 6. Posting of vendor transactions (invoice posting, manual payment posting, credit memo) and related tables 7. Settings for advance payments to parties (down payment) and clearing of down payment against invoices (special GL transactions) 8. Posting of partial Payment & Residual Payment 9. Cash discounts from vendors and payment terms 10. Automatic payment program configuration with SEPA format 11. Bank master data and house banks 12. F110 execution – main bank posting from F110 and bank clearing account posting from F110 and related tables 13. DME files creation in xml and txt format and understanding DME structure in DMEE 14. Payment advice generation, payment summary generation 15. Reversal of payment documents 16. Vendor clearing – standard, partial and residual 17. Check payment method and creating checks manually and automatically and printing 18. Creation of check lots and maintenance of check register 19. Check encashment dates 20. Cancellation of unissued checks and issued checks 21. Creation of void reasons 22. Issued check cancellation 23. Deleting manual checks and voided checks 24. Defining correspondence & party statement of accounts 25. Real-time scenarios on APP 26. Intercompany payments – manual and automatic 27. Tables and reports in AP and APP

Unit 5: Accounts receivable:

1. Creation of customer account groups 2. Creation of number ranges for customer master records 3. Assignment of number ranges for customer account groups 4. Creation of tolerance group for customers 5. Creation of customer master (display/change/block/unblock of vender master) and related tables 6. Posting of customer transactions (sales invoice posting, manual payment posting, debit memo) and related tables 7. Settings for advance payment from parties (down payment) 8. Configuration of settings for dunning and generating the dunning letters 9. Defining correspondence and party statement of accounts 10. Cash discounts to customers 11. APP configuration for incoming payments direct debit 12. Customer clearing – standard, partial and residual 13. Tables and reports in AR

Unit 6: Bank Accounting

1. House bank 2. Bank key 3. Bank account 4. Bank clearing accounts 5. Electronic bank statement (EBS): Configuration and execution MT940 6. Auto Lockbox: Configuration and execution 7. Cash journal/SAP query

Unit 7: Data Migration

1. LSMW (master data) 2. BDC (transaction data)

Unit 8: Asset Accounting

1. Defining chart of depreciation, depreciation areas 2. Creation of 0% tax codes for sales and purchases 3. Assignment of the chart of depreciation to company code 4. Defining account determination 5. Definition of screen layout rules 6. Definition of number ranges for asset classes 7. Integration with General Ledger & Posting rules 8. Defining Depreciation key 9. Definition of multilevel methods 10. Definition of period control methods 11. Creation of main asset master records 12. Creation of sub-asset master records 13. Acquisition/purchase of fixed assets 14. Sale/retirement of fixed assets 15. Transfer of assets (intra and intercompany) 16. Scrapping of assets 17. Depreciation run 18. Asset history report, Asset explorer and Asset documents 19. Line item Settlement of assets under construction of capital work in progress 20. Year-end activities 21. Asset mass changes 22. Tables and reports in AA

Unit 9: New General ledger accounting

1. Parallel ledgers 2. Document splitting

Unit 10: Reports

1. Financial statement version (FSV)

CONTROLLING

Unit 1: Basic settings for controlling

1. Defining Controlling Area 2. Defining Number ranges for Controlling Area 3. Maintain versions

Unit 2: Cost element accounting

1. Creation of primary cost elements from FI and CO 2. Manual and automatic creation of primary and secondary cost elements 3. Grouping of cost elements 4. Change cost element master records 5. Primary cost element categories and Secondary cost element categories 6. Default account assignments

Unit 3: Cost Center Accounting

1. Defining Cost Center Standard Hierarchy 2. Creation of Cost Centers and cost center groups 3. Display and change cost center master records 4. Creation of cost center groups 5. Actual posting to cost centers 6. Reposting of CO line items 7. Repost of costs 8. Planning for cost centers 9. Actual and variance reports Title 1. Statistical Key figure 2. Creation and execution of Distribution Cycle with/without SKF 3. Creation and execution of Assessment cycles with/without SKF 4. Creation and execution of Actual periodic reposting

Unit 5: Internal Orders

1. Defining order types 2. Creation of internal order master records 3. Display and change internal order master records 4. Postings to internal orders 5. Planning for internal orders 6. Reposting co line items for internal orders 7. Repost of costs for internal orders 8. Report of Actuals and Variance analysis for internal orders 9. Creation of real and statistical internal orders 10. Posting of business transaction to real orders 11. Definition of allocation structures 12. Definition of settlement profiles 13. Definition of planning and budget profiles 14. Settlement of real internal orders 15. Budgeting and availability control 16. Maintain number ranges for budgeting 17. Define tolerances for availability control 18. Specification of exempt cost elements from availability control 19. Maintenance of budget manager 20. SAP Business workplace

Unit 6: Profit Center Accounting

1. Basic Settings for Profit Center Accounting 2. Creation of Dummy Profit Centers 3. Maintenance of control parameters for actual postings 4. Maintaining planning versions for profit centers 5. Maintenance the number ranges for profit center documents 6. Creation, change and display of profit center master records 7. Creation of revenue cost elements 8. Automatic Assignment of Revenue elements for Profit Centers 9. Assignment of profit centers in cost center master records 10. Creation of account groups in profit center accounting for planning 11. Planning for profit and loss account items 12. Planning for balance sheet items 13. Posting of transactions into profit centers 14. Generating the variance reports for profit and loss account items 15. Generating the variance reports for balance sheet items 16. Transferring balances from one PC to another PC

Unit 7: Profitability analysis

1. Maintaining the operating concern and related tables 2. Define profitability segment characteristics 3. Assignment of controlling area to operating concern 4. Activating the profitability analysis 5. Define number ranges for actual postings 6. Mapping of SD conditions types to COPA value fields 7. PA transfer structure 8. CoPA document generation from Billing and FI document 9. Creation of reports – Report painter 10. Viewing the reports

Product costing

Unit 1: Product cost planning

1. Creation of bill of materials BoM 2. Creation of activity type master records 3. Planning for activity hours 4. Activity type price calculation 5. Creation of work center master records 6. Creation of routings 7. Defining cost sheet (overhead structures) 8. Assignment of cost sheet to costing variant 9. Cost component structure 10. Creation of cost estimate with quantity structure 11. Marking 12. Releasing – price change document 13. Creation of cost estimate without quantity structure 14. Additive costing 15. Base planning object (Reference or Simulation costing)

Integration

Unit 1: Integration of FI with MM (P2P cycle)

1. Definition of organizational units in materials management i.e. plant, storage location and purchase organization 2. Assignment of organizational units to each other 3. Definition of tolerance groups for purchase orders 4. Definition of tolerance groups for goods receipt 5. Definition of tolerance groups for invoice verification 6. Definition of vendor specific tolerances 7. Creation, display and change of material master records 8. Creation of plant parameters 9. Maintenance of posting periods for materials management 10. Maintenance of parameters for invoice verification 11. Maintenance of plant parameters for inventory management and physical inventory 12. Definition of attributes for material types 13. Assignment of GL accounts for material transactions in financial accounting (Integration of MM with FI) 14. Valuation classes, Valuation grouping code 15. Creation of purchase order, posting of goods receipt, invoice verification and Goods issue for production 16. Price control – standard and moving average with postings 17. GR/IR clearing from F.13 18. MM Pricing procedure and adding freight to pricing procedure 19. Stock report MB5B

Unit 2: Integration of FI with SD (O2C cycle)

1. Definition of sales organization 2. Definition of distribution channels 3. Definition of divisions and Sales area 4. Assignment among various organizational units in SD 5. Definition of partner functions 6. Definitions of shipping point and loading points 7. Definition of pricing procedures 8. Determining the shipping points 9. Determining the pricing procedures 10. Maintenance of SD condition types 11. Maintenance of condition records 12. Assignment of GL accounts for sales transactions (integration of FI with SD) 13. Creation of sales order 14. Initialization of stock 15. Posting the delivery of goods with PGI 16. Creating the sales invoice 17. SD pricing procedure

Unit 3: Validations and Substitutions

1. Line item level 2. Header level

Unit 4: Sales Tax

1. Input tax 2. Output tax 3. Sales tax procedure

Unit 5: Idocs

1. Structure of an Idoc 2. AL11 path, Uploading and downloading files from AL11 3. Testing and copying an Idoc 4. Reprocessing an Idoc

Unit 6: ASAP Methodology

1. Phases in ASAP methodology 2. Project plan

Unit 7: Real time documentation

1. Business blue print (BBP) 2. Estimate 3. High level design 4. Functional specifications 5. Test script 6. UAT