Sap training program is designed to provide knowledge for managing financial, accounting asset and production operations in the field of Financial Accounting and Controlling (FICO).
Financial & Controlling (FICO)
Overview
SAP is a globally recognized business platform today in various functional fields including Financial Accounting and Controlling (FICO), Production Planning (PP) and Materials Management (MM). SAP Finance and Controlling (FICO) is one of the most widely used SAP modules.
The demand for SAP expertise is increasing in both production facilities are managerial workplaces, with companies coming up with a wide spectrum of SAP facilitated modules. Leading companies like Microsoft and IBM is using SAP.
Who is it for?
- SAP FI End users (Business Side)
- Accountants
- Banker/ Insurance/ Financial Experts
- Full or Part qualified ACCA professionals
- Project team members
- SAP FI consultants
- Aspiring SAP FICO Consultants
Duration
Classroom based-6 weeks
Online based-10 weeks
Eligibility Criteria
Anyone with basic IT knowledge and basic accounting knowledge can join this course.
Course Curriculum
Introduction to ERP & SAP:
- What is ERP and its benefits
- Introduction to ASAP methodology
- Brief about ASAP roadmap and tools
- Explain about phases of ASAP
- About client
- What is landscape and different types of landscapes in SAP
Introduction to FICO:
- What is FO/CO
- Sub-modules in FI&CO
- Introduction to GL (New GL)
- Introduction to Banking and Treasury
- Introduction on Month-end closing and Year-end closing
Organizational Structure
- Introduction to the Currencies and Currency types.
- Defining company
- Configuring company code
- Defining business area
- Assigning company code to company
Financial accounting global settings
- Maintaining fiscal year variant
- Assigning fiscal year variant to company code
- Defining posting periods
- Defining open and close posting periods
- Assigning variant to company code
- Document types and Parameters
- Defining document number ranges
- Defining SAP posting keys
New General ledger accounts:
- Creation of Chart of Accounts
- Assignment of chart of accounts to company code
- Account Groups and screen layout
- Define Retained Earnings Account
- Creation of General Ledger Master records
GL Master Records:
- Creation of GL master record at chart of account area level
- Creation of GL master record at company code level
- Creation of GL master record centrally.
- Configuration of Group chart of accounts.
- Consolidation of GL accounts to Group GL accounts.
General Ledger Accounting
- General Ledger Postings
- Document display and account display
- Park Document, Hold Document and Recurring Document Documents in GL
- Sample Document and Recurring Document
- Month end Provisions-Accrual/Deferral
- Documents and Open Item Management
- Standard Payment, Partial Payment and Residual items method
- Define void reason codes
- Reversal of documents-types of reversals
- Foreign Currency Exchange rate types creation
- Foreign Currency translation ratio creation
- Maintenance of Exchange rates in Forex table
- Foreign Currency Postings
- Revaluation of Foreign currency Balances
- Interests Calculations
- Cash Journal
Bank Accounts
- Creating house bank
- Configuring petty cash journal
- Configuring automatic payment to vendors
Accounts Payables
- Creation of vendor account groups with Screen Layouts
- Creation of number ranges for vendor master records
- Assignment of number ranges to vendor account groups
- Creation of tolerance group for vendors
- 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)
- Outgoing Payment with Clearing
- Advance Payment Postings
- Clearing of Advance against Purchases
- Terms of Payment creation
- Automatic Payment Program (APP)
- Cash Discounts
- Credit Memo Postings
- Bad debts
- Foreign Currency Postings
- One time Vendor Postings
- Foreign Vendor Revaluation
- APP with Vendors and Customers
Accounts Receivable:
- Creation of customer account groups with Screen Layouts
- Creation of number ranges for customer master records
- Assignment of number ranges for customer account groups
- Creation of tolerance group for customers
- Creation of customer master (display/change/block/unblock of vender master)
- Dunning Procedure
- Bill Discounting Transactions
- Sales Invoice Posting
- Display Customer Account Balances
- Clearing of Transactions where Vendor also is a Customer
- Incoming Receipt with Clearing
- Advance Receipt Postings
- Clearing of Advances against Sale
- One time Customer Postings
- Dunning with One Time Customer
- Item Interest Calculation
ASSET ACCOUNTING:
- Chart of depreciation.
- Define 0%tax codes for Asset accounting.
- Asset class and Account determination of Asset Classes.
- Depreciation areas (Derived Depreciation Areas).
- Screen layout rules and Number range Assignments.
- Group assets.
- Calculation methods.
- Depreciation key.
- Delta currencies in Asset Accounting.
- Fiscal year in Asset Accounting.
- Asset master data (Main and Sub Assets).
- Overview of revolution of assets.
- Introduction to inflation Accounting.
- Transaction to inflation Accounting
- Transaction keys.
- Asset Acquisition (Direct and A u C).
- Asset Retirement (Scrapping, with Revenue with Customer and without Customer).
- Inter and Intra Asset Transfers.
- Unplanned Depreciation.
- Asset reports/With Different variants and Asset explorer.
- Strategy on data migration related to Asset (Legacy Assets-Upload process)
- Month End and Year-End Closings in FI.
Tax:
- Define country tax procedure
- Define calculation procedure
- Assignee calculation procedure
- Base amount settings
- Exempt Tax codes and reasons for the same.
- Creating GL accounts of input tax output tax and sales tax
- Configuration for tax calculation Postings
Foreign currency
- Exchange Rate Difference General Ledger for Foreign currency document posting
- SAP Netweaver with Currency setting.
- Currency translation ratio
- Defining, changing and maintaining exchange rate ratios
- Overview of realised and unrealised profit and loss
CONTROLLING AND COST ELEMENT ACCOUNTING:
- Define controlling area.
- Assignment of controlling areas to Company Codes.
- Importance of Different Fields in Controlling Area.
- Real-Time Integration between Co-FI.
- Primary Cost and Secondary Cost Elements.
- Activity type.
- Statical key figures.
- Reposting, Distribution and Assessment.
- Activity type Categories.
- Planning and budgeting of Cost Elements.
- Cost Element categories.
- Cost Element Groups.
- Cost Element reports.
COST CENTER ACCOUNTING:
- Cost Center Hierarchy.
- Cost center Groups.
- Cost Center Categories.
- Define planner Profile, Versions for Planner Profile.
- Planning VS Budgeting of Cost Centers.
- Cost Center Reports.
- Cross-Company Code Transactions.
PERIOD-END ACTIVITIES:
- Assessment and Distribution.
- Internal activity Allocation.
- Internal Settlements.
- Indirect Activity Allocations.
- Price Calculations.
INTERNAL ORDERS:
- Order Management in Controlling Area.
- Define and Assign number ranges to Order Groups.
- Types of orders.
- Model Orders.
- Budgeting and Actual Budget.
PROFIT CENTER ACCOUNTING:
- Maintain Profit center and Activation of Company Codes in profit Center.
- Control Parameters for Actual data.
- Plan Versions.
- Profit Center Standard Hierarchy.
- Profit Center groups.
- Transfer pricing process with profit center.
- Maintain planner profiles.
- Distribution &Assessment.
- Automatic Account Assignment for Revenue Elements.
- Reports in profit centre accounting.
Why Choose Us?
- Our courses represent outstanding value for money
- Tutorial support
- High quality e-learning study materials and mock exams.
- Each course is designed by industry experts, using an innovative interactive learning approach
- Benefit of applying NUS extra Discount Card.
- Anytime & Anywhere Learning.
- Recognized Accredited Qualification.
- Study in a user friendly, advanced Virtual learning platform
- Excellent student support and administrative support
