Radhika Technosoft head
SAP FICO
Radhika Technosoft head

This Tutorials Guides you a brief introduction about SAP FICO Module and What is SAP FICO SAP FICO Stands for FI (Financial Accounting) and CO (Controlling). SAP FICO is the important module of ERP and both FI and CO modules stores the financial transactions data.

SAP FI is the important module of all SAP implementations: SAP FI (Financial Accounting) is used for external reporting i.e. Balance sheet, Profit and Loss statements SAP FICO Module integrates with various other SAP Modules such as MM (Materials Management), SD(Sales and Distribution), PP (Production Planning), PM (Plant Maintenance),and PS (Project Systems). SAP FI (Financial Accounting) Module receives postings from various other modules such as Materials Management, Sales and Distribution, Human Resource) through integration.

All accounting-relevant transactions which are made in Logistics (LO) are posted real-time to Financial Accounting by automatic account determination. This data can also be passed on to Controlling (CO).

SAP FI Modules contains the following sub-modules: General Ledger accounting:-

  • Accounts Receivables
  • Accounts Payable
  • Asset Accounting
  • Bank Accounting
  • Consolidation
  • Special Purpose Ledger
  • Travel Management

Introduction to SAP R/3:

  1. Introduction to ERP, Advantages of SAP over other ERP Packages
  2. Introduction to SAP R/3 FICO

Financial Accounting Basic Settings:

  1. Definition of company
  2. Definition of company code
  3. Assignment of company to company code
  4. Definition of business area
  5. Definition of fiscal year variant
  6. Assignment of fiscal year variant to company code
  7. Definition of posting period variant
  8. Assignment of posting period variant to company code
  9. Open and close posting period
  10. Defining document type & number ranges
  11. Maintenance of field status variants
  12. Assignment of field status variant to company code
  13. Definition of tolerance groups for GL accounts
  14. Definition of tolerance groups for employees
  15. Assignment of tolerance groups to users
  16. Taxes on Sales & Purchases (input & output)
  17. Creation of chart of Accounts
  18. Defining Accounts Groups
  19. Defining Retained Earnings Account

General Ledger Accounting:

  1. Creation of General Ledger Master (with and with out 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. Defining recurring entry document and postings with recurring doc.
  11. Creation of account assignment model and posting
  12. Configuration of line layouts for display of GL line items
  13. Reversal of individual documents, mass reversal , reversal of cleared items and reversal of accrual and deferral documents
  14. Defining Exchange Rate types and Translation ratios
  15. Define Exchange rates & posting of foreign currency transactions
  16. Interest calculations on term loans
  17. Accrual and Deferral documents

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 vender's
  5. Creation of vendor master (display/change/block/unblock of vender master)
  6. Posting of vendor transactions (invoice posting, payment posting, credit memo)
  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. Creation of payment terms,
  10. Creation of house banks and account id's
  11. Creation of check lots and maintenance of check register
  12. display check register
  13. cancellation of un issued checks
  14. creation of void reasons
  15. cancellation of issued checks
  16. posting of purchase returns
  17. Configuration of automatic payment program
  18. Payment to vendors through APP
  19. Defining correspondence & party statement of accounts

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)
  6. Posting of customer transactions (sales invoice posting, payment posting, debit memo)
  7. Settings for advance payment from parties (down payment)
  8. Configuration of settings for dunning
  9. generating the dunning letters
  10. defining correspondence and party statement of accounts
  11. Bills of exchange
  12. posting of sales returns

Asset Accounting:

  1. Defining chart of depreciation
  2. creation of 0% tax codes for sales and purchased
  3. assignment of chart of depreciation to company code
  4. Defining account determination
  5. definition of screen lay out 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 of fixed assets
  14. sale of fixed assets
  15. transfer of assets
  16. Scrapping of assets,
  17. Depreciation run
  18. Line item Settlement of assets under construction of capital work in progress

New General ledger accounting:

  1. Parallel ledgers
  2. document splitting
  3. Segments

Reports:

  1. Financial statement version
  2. General Ledger, Accounts Payable, Accounts Receivable and Assets Reports

Basic settings for controlling:

  1. Defining Controlling Area
  2. Defining Number ranges for Controlling Area
  3. Maintain Planning Versions

Cost element accounting:

  1. creation of primary cost elements from financial accounting area
  2. creation of primary cost elements from controlling area
  3. display of cost element master records
  4. change cost element master records
  5. primary cost element categories
  6. secondary cost element categories
  7. default account assignments

Cost Center Accounting:

  1. Defining Cost Center Standard Hierarchy
  2. Creation of Cost Centers and cost center groups
  3. display cost center master records
  4. change cost center master records
  5. creation of cost center groups
  6. posting to cost centers
  7. reposting of cost line items
  8. Repost of Costs
  9. planning for cost centers
  10. Overhead Calculation
  11. creation of secondary cost element master records
  12. Creation and Execution of Distribution Cycle
  13. creation and execution of assessment cycles
  14. cost center reports

Internal Orders:

  1. Defining order types
  2. Creation of internal order master records
  3. display internal order master records
  4. change internal order master records
  5. postings to internal orders
  6. planning for internal orders
  7. reposting co line items for internal orders
  8. repost of costs for internal orders
  9. Report of Variance analysis for internal orders
  10. creation of real internal orders
  11. posting of business transaction to real orders
  12. definition of allocation structures
  13. definition of settlement profiles
  14. definition of planning profiles
  15. settlement of real internal orders
  16. budgeting and availability control
  17. maintain number ranges for budgeting
  18. define tolerances for availability control
  19. specification of exempt cost elements from availability control
  20. maintenance of budget manager

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. maintaining the number ranges for profit center documents
  6. Creation of profit center master records
  7. display of profit center master records
  8. changing the profit center master records
  9. Creation of revenue cost elements
  10. Automatic Assignment of Revenue elements for Profit Centers
  11. assignment of profit centers in cost center master records
  12. creation of account groups in profit center accounting for planning
  13. planning for profit and loss account items
  14. planning for balance sheet items
  15. posting of transactions into profit centers
  16. generating the variance reports for profit and loss account items
  17. Generating the variance reports for balance sheet items.

Profitability analysis:

  1. Maintaining the operating concern
  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. Creation of reports
  8. Viewing the reports

Product cost planning:

  1. creation of bill materials
  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( over head structures)
  8. assignment of cost sheet to costing variant
  9. creation of cost estimate with quantity structure
  10. marking
  11. releasing
  12. creation of cost estimate without quantity structure

Integration of financial accounting with materials management:

  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. Creation of purchase order, posting of goods receipt, invoice verification and goods issue for production

Integration of financial accounting with sales and distribution:

  1. Definition of sale s organization
  2. definition of distribution channels
  3. definition of divisions
  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
  16. creating the sales invoice

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