SAP FICO

1. Introduction to SAP R/3

Introduction to ERP, Advantages of SAP over other ERP Packages

SAP Implementation methodology

Overview of different modules in SAP

Common SAP Terminologies

Introduction to SAP R/3 FICO

2. Financial Accounting Basic Setup

System Backbone – Enterprise Structure setup in SAP

Company code

Operating Concern

Controlling area

Chart of Accounts

Business Area

Functional Area

Credit controlling area

3. General Ledger Accounting

Deep dive – Chart of Account

Accounts Groups & Master-data significance

Driving Factors of Accounting postings in SAP:

Document type

Number ranges

Posting Keys

Fiscal year variant

Posting period variant

Field status variants

Exchange rates and Currencies

Reconciliation Accounts

Retained Earning Account

Accrual or Deferral Postings

Parked Document

Fast Data entry in GL

Concept of Open-item Clearing

Tolerance group

Define Financial Statement Version

Balance carry forward Balances

Forex Revaluation

Reports in SAP for GL Accounting

Substitution and Validation

4. Accounts receivable

Introduction to Sub-ledger – Accounts receivable

Customer account groups and assignment of number ranges

Customer masterdata and significance

Customer Payment Terms and Discounts

Receiving Down Payment

Bills Receivable

Dunning

Detailed Explanation of Oder to Cash flow in SAP

FI-SD Integration

Billing Documents (FI Invoice, SD Invoice, Credit memos)

Customer Payment and clearing

Credit management in SD module (Master-data, transaction and reports)

Reports in SAP for AR

5. Accounts Payable

Introduction to Sub-ledger – Accounts payable

Vendor account groups and assignment of number ranges

Vendor master-data and significance

Vendor Payment Terms

Payment Method configuration

Configuration of Automatic Payment Program, Payment run, Payment Advise

Detailed Explanation of Procure to Pay flow in SAP

FI-MM Integration, Configuration of automatic posting

GR/IR clearing

Posting of partial Payment & Residual Payment

Down Payment Paid

Banking Setup

Bank Reconciliations Statements

Creation of check lots and maintenance of check register

Automatic Clearing

Reports in SAP for AP

6. Asset Accounting

Fixed Asset Life Cycle

Asset masterdata: Creation of asset master (change/display/block/unblock).

Define chart of depreciation, Depreciation Area

Define Automatic account determination

Defining Depreciation key

Define Asset Class

Acquisition or purchase of assets, sale of assets.

Scrapping of assets, Transfer or retirement of assets.

Asset under Construction and settlement to Final Asset

Depreciation run.

7. Taxation

Introduction to Tax procedure

Input Tax / Output Tax

Withholding Tax

Reports for Taxation purpose

8. Month Ending Activities

Important Standard SAP Reports

Closing in Difference Modules

Cross-tower dependent closing activities

Year end activities