SAP FICO Training

SAP FICO Training

Overview:
SAP FICO Module is SAP Money related Bookkeeping and Controlling has one of significant modules of SAP ERP and it is utilized to store the budgetary information (Asset reports, Benefit and Misfortune Records, and so on) of an association. SAP FI assists with examining the money related states of an organization in the market. FICO is significantly used to assess and screen the money related state of a business. The significant advantage of SAP FICO is it creates the bookkeeping information into an incorporated structure to be utilized fantastically in overseeing benefit misfortune articulations and asset reports and so forth.

Training Targets of FICO:
SAP FICO is the Budgetary Bookkeeping and Controlling Module of the SAP programming that causes you direct all the money related exchanges, bookkeeping and detailing exercises in a smooth manner. Its simple design instruments, similarity with other bookkeeping programming and easy to understand highlights, make SAP FICO exceptionally well known in associations across industry spaces. SAP FICO empowers you to work proficiently with exceptionally precise information and quick procedures to arrive at your hierarchical objectives. With the assistance of SAP FICO, Money related Administration frameworks are getting increasingly sorted out with better record the executives, improved account detailing and straightforwardness in the dynamic procedure.

Target Understudies/Prerequisites
Knowledge of Money, Accounting
Minimum 2 years of experience is required
Profession Capability CA/ICWAI/MBA PGDM in Money/post graduate in Fund and Bookkeeping with pertinent experience
Great Correspondence Skills


Course Content
Introduction
ERP Concepts
Role of SAP Consultant
Why SAP is in demand?
Finance Review: Exchange, Records and Accounting.

General Settings
Define Organization, Organization Code, Credit Control Zone, Business Territory, Diagram of Records and Financial Year. Allot Organization Code to Organization, Graph of Records and Financial Year, Make Expense System and Append to the Country

Posting Period
Define Posting Period Variant
Assign Presenting Period Variation on organization code
Define Open and Close Posting periods

Document
Define Record Types and Number Ranges

Account Gathering and Held Gaining Account
Define Record Gathering and Held Gaining Account

Field Status Variant
Maintain Field Status Variant
Assign Field Status Variation to Organization Code

Tolerance Group
Tolerance Gathering for GL Accounts
Tolerance Gathering for Employees
Assigning Clients to Resilience Groups

Other Fundamental Steps
Enable Monetary Year Default
Enable Default Worth Date
Check Organization Code settings in Worldwide parameters

Other points in GL
GL Ace Creation
Journal Passage Posting
Blocking of a GL Account
Unblocking of a GL Account
Changing of GL Master
Display Changes/What Changes/how it was done
Parking of an account
Releasing the stopping record by changing the amount.
Releasing the stopping archive by erasing the document
Difference among Park and Hold documents
How to see a Record Balance

Reference Documents
Sample document
Account Task Model
Recurring Entries

Reversal of Document
Normal Inversion/Individual Reversal
Mass Reversal
Reversal of the Reversal

Open Thing Management
Full Clearing
Partial Clearing
Residual Clearing

Accounts Receivable (AR)
Accounts Receivable(AR)

Settings in AR
Account Gathering Creation
Field Status
No. Range Gathering and No. Ranges
Assigning No. Range Gathering to Record Group
Tolerance Gathering for Customers
GL Records and Client Ace Creations
Document Types and No. Ranges
Posting Keys
Invoice Posting
Incoming Payment
Clearing Open Items

Down Payment
Down Payment
Establishment between Recon a/c and Option Recon a/c
Down Installment in Easy route Method
Customer Credit Memo
Correspondence

Accounts Payable (AP)
Accounts Payable (AP)

Settings in AP
Account Gathering Creation
Field Status
No. Range Gathering and No. Ranges
Assigning No. Range Gathering to Record Group
Tolerance Gathering for Vendors
GL Records and Seller Ace Creations(Bank Accounts)
Document Types and No. Ranges
Posting Keys
Invoice Posting
Outgoing Payment
Clearing Open Items

Down Payment
Down Payment
Establishment between Recon a/c and Option Recon a/c
Down Installment in Easy route Method
Vendor Credit Memo
Correspondence

Special and Significant Topics
Sales Tax
Clearing Extraordinary among Client and Vendor
Cash Discount
Integration among FI and MM
Integration among FI and SD
Financial Proclamation Version

Asset Bookkeeping (AA)
Chart of Depreciation
Account Determination
Screen Layout
Asset Ace Creation
Asset Class
Depreciation Keys etc.
Acquisition of Asset
Asset Sale
Scrapping of an Asset
Transfer of Asset

Reports and The board Data System
GL Reports
AR Reports
AP Reports
AA Reports
MIS
CONTROLLING
Controlling Basic Settings
Defining Controlling Area
Assigning Controlling Area to Company Codes
Defining Number Ranges for Controlling Documents

Cost Element Accounting
Creating Cost Element Groups
Manual Creation of Primary and Secondary Cost Elements
Automatic Creation of Primary and Secondary Cost Elements

Cost Center Accounting
Creating Cost Center Hierarchy Key
Creating Cost Center Groups
Creating Cost Centers
Manual Repost Line Items
Automatic Reposting Line Items
Periodic Reposting
Creating Distribution Cycle

Internal Orders
Creating Order Types
Creating Number Ranges
Creating Internal Orders

Profit Center Accounting
Creating Profit Center Hierarchy
Creating Profit Center Groups
Creating Profit Centers
Creating Dummy Profit Center
Automatic Assignment of Balance Sheet A/c and P&L A/c to profit centers

Overview of Product Costing
Overview of Product Costing

Overview of Profitability Analysis
Overview of Profitability Analysis


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