SAP Finance & Controlling

SAP Finance & Controlling

What is SAP FICO? SAP FICO is a module of SAP ERP which is used for financial reporting both externally and internally. The objective is to record all financial transactions that are posted by an entity and produce financial statements that are accurate at the end of the trading period. The SAP FICO full form is FI (Financial Accounting) and CO (Controlling). This SAP FICO basics tutorial is going to explain SAP FICO overview and the major functionalities of the SAP FICO module. SAP FI is made up of SAP FICO sub-modules. The sub-modules that are often used are accounts receivables, accounts payables, asset accounting, general ledger Accounting, and bank accounting. All the sub-modules are interlinked and integrated in real-time. A trial balance can be extracted at a time and it will always balance because all the sub-modules are connected. The diagram below shows the integration between FICO SAP modules.

Course Content

Introduction to SAP R/3

1.   -  SAP Various Modules
2.   -  SAP Menu
3.   -  Client

Enterprise Structure and Setting

1.   -  Create Company
2.   -  Create Company Code
3.   -  Create Plant
4.   -  Create Storage Location
5.   -  Create Purchase Organization
6.   -  Create Purchasing Group
7.   -  Maintain Fiscal Year
8.   -  Open and Close Posting Periods
9.   -  Functional Area
10.   -  Business Area
11.   -  Consolidation Business Area
12.   -  Maintain Functional Management Area
13.   -  Maintain Segment

Assignment

1.   -  Company to Company Code
2.   -  Plant to Company Code
3.   -  Purchasing Organization to Company Code
4.   -  Purchasing Organization to Plant
5.   -  Standard Purchasing Organization to Plants
6.   -  Assign Company Code to Fiscal Year
7.   -  Assign Variant to Company Code
8.   -  Assignment Business Area to Consolidation Business Area
9.   -  Assign Company Code to Financial Management Area

General Ledger Master Data

1.   -  Chart of Account
2.   -  Assign Company Code to Chart of Account
3.   -  Account Group
4.   -  Retained Earning Account
5.   -  Fiscal Year/ Calendar Year
6.   -  Assign Company Code to Fiscal Year
7.   -  Maintain Fiscal Year
8.   -  Define Variants for Open Posting Periods
9.   -  Assign Variant to Company Code
10.   -  Open and Close Posting Periods
11.   -  Define Field Status Variant
12.   -  Assign Company Code to Field Status Variant
13.   -  Define Tolerance Group for G/ L Account
14.   -  Define Tolerance Group for Employees
15.   -  Assign Users to Tolerance Groups

Basic Settings Currency

1.   -  Currency Configuration
2.   -  Translation Rate for Currency Translation
3.   -  Currency Rates
4.   -  Maximum Exchange Rate Difference

Profit Centre Configuration

1.   -  Basic Settings
2.   -  Controlling Area Settings
3.   -  Activate Controlling Area
4.   -  Profit Centre Standard Hierarchy
5.   -  Standard Hierarchy
6.   -  Profit Centre
7.   -  Basic Settings Currency
8.   -  Currency Configuration
9.   -  Translation Rate for Currency
10.   -  Exchange Rate
11.   -  Maximum Exchange Rate Difference

Document Splitting

1.   -  Classify G/L Accounts for Document Splitting
2.   -  Classify Document Type for Document Splitting
3.   -  Zero Balance Clearing Account
4.   -  Document Splitting Characteristics for G/L Account
5.   -  Document Splitting Characteristics for Controlling Accounting
6.   -  Activate Document Splitting
7.   -  Parallel Accounting System

Ledger for G/L Accounting

1.   -  Currencies of Leading Ledgers
2.   -  Define and Activate Non-Leading Ledgers
3.   -  Assign Scenarios and Customers Fields to Ledgers
4.   -  Activate Cost of Sales Accounting
5.   -  Define Ledger Group
6.   -  Define Accounting Principles
7.   -  Assign Accounting Principles to Ledger Groups

Document Controls – Document Structure

1.   -  Basics – Documents Structure
2.   -  Document Types for Entry View
3.   -  Document Types for G/ L View

Document Number Ranges

1.   -  Document Number Ranges for Entry View
2.   -  Copy to Company Code
3.   -  Copy to Fiscal Year

General Ledger Accounting

1.   -  Centrally
2.   -  In Charts of Account
3.   -  In Company Code
4.   -  Block/Unblock G/L Master Data

Accounting Entry Posting

1.   -  G/L Document Posting in Single Screen
2.   -  Outgoing Payment
3.   -  Incoming Payment
4.   -  G/L Document Posting in Double Screen
5.   -  G/L Document Posting with Foreign Currency
6.   -  G/L Document Posting with Special Periods
7.   -  G/L Account Document for Ledger Group

Document Reversal

1.   -  Individual Reversal
2.   -  Reversal of Reversal
3.   -  Mass Reversal
4.   -  Cleared Items Reversals
5.   -  Clear G/L Account

Master Data

1.   -  Customer
   1.   -  Create
   2.   -  Change
   3.   -  Display
2.   -  Account Groups
3.   -  Account Groups (Customers)
4.   -  Assign Number Range (Customers)
5.   -  Vendor Account Group
6.   -  Create Number Range to Vendor Account Group
7.   -  Assign Number Range to Vendor Account Group
8.   -  Create Vendor
9.   -  One Time Vendor
10.   -  Dual Control Principle
11.   -  Customer/ Vendor Clearing
12.   -  Bank Accounts
13.   -  Create House Bank

Tolerance Group

1.   -  Tolerance Group for Employees
2.   -  Assign Tolerance Group/ Assign User

Dunning Procedure

1.   -  Basic Settings
2.   -  Define Dunning Areas

Financial Statement Version (FSV)

Posting Control – Change Control

1.   -  Document Header

Parked Document

1.   -  Parked Document Posting to Single Screen
2.   -  Parked Document Postings Double Screen
3.   -  Parked Document Display List
4.   -  Change Parked Document
5.   -  Display Changes
6.   -  Convert Parked Documents to Normal Documents
7.   -  Delete Parked Document
8.   -  Hold Document

Sample Document

1.   -  Maintain Number Ranges for Sample Document
2.   -  Post Sample Document
3.   -  Display Sample Document
4.   -  Change Sample Document
5.   -  Display Changes
6.   -  Convert Sample Document to Normal Document
7.   -  Delete Sample Document

Recurring Document

1.   -  Configuration
2.   -  Number Range for Recurring Document
3.   -  Enter Recurring Entry
4.   -  Display Recurring Entry
5.   -  Create Recurring Documents in Books

Global Parameters

1.   -  Chart of Account
2.   -  Fiscal Year Variant
3.   -  Posting Period Variant
4.   -  Field Status Variant
5.   -  Tolerance
6.   -  Exchange Rate
7.   -  Currency Settings
8.   -  Company Code Global Parameters
9.   -  Document Type
10.   -  Number Ranges