Session 8- Learn Complete SAP FICO Configuration - Financial Accounting Global Setting Part1

WHAT WILL YOU LEARN?
1.Introduction

Understanding of what is ERP Systems
Introduction to SAP
2.Organisational Structure

Defining company
Configuring company code
Defining business area
Assigning company code to company
3.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
Defining field status variant
Assigning field status variant to company code
Defining tolerance groups for employees
4.General Ledger Accounting

Defining chart of accounts
Assigning chart of accounts to company code
Defining account groups
Defining retained earnings account
Maintain Field status variant for General ledger
Creating GL accounts
Set up Tolerance for postings
Postings
Park/Hold the document
Reversal entries
Document change control
5.Accounts Receivable

Creating customer groups
Field validation for Groups
Creating number ranges
Assigning number ranges to customer groups
Creating customer
Change customer details
Display customer details and Balances
Raising sales invoice
Incoming payments
Cash discounts
Down payment
Bank Guarantee
Interest calculation
Credit memo
Dunning procedure and executing dunning run
6.Accounts Payable

Creating vendor groups
Creating vendor ranges
Creating ranges to vendor groups
Creating vendor
Change Vendor details
Display Vendor and Balance
Raising vendor invoice
Outgoing payments
APP ( Automatic Payment Programme)
Cash discounts/Terms of Payment
Interest calculation
Down payment
Bank Guarantee
Debit memo
7.Bank Accounts

Creating house bank
Configuring petty cash journal
Configuring automatic payment to vendors
8.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
9.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
10.Asset Accounting

Copying chart of depreciation
Assigning chart of depreciation to company code
Specify account determination
Create screen layout rules
Creating asset classes
Depreciation area and use of Depreciation area
Maintain asset master records (Create /Change /Display)
Acquisition of asset
Running depreciation
Manual depreciation and unplanned depreciation
Retirement of asset
Transfer of asset INTA and INTERNAL
Scraping of an asset
Depreciation postings
Reports on asset accounting
Asset Explorer
11.New GL Accounts

Configuring new GL
Document splitting (Active, Passive, and Zero Balance)
Configuring leading and non-leading ledger
12.Financial Statement Versions

Configuration of FSV
FSV and their use in company’s report on IFRS and GAAP both
13.Closing down procedures and Reports with Information System Controlling

General Controlling
Maintaining control area settings
Assign controlling area to Company code
Maintaining number ranges for controlling documents
Activating controlling indicators
Cost Element Accounting
Creating various types of cost elements
Creating primary cost element
Creating secondary cost element
Automatic and Manual creation of cost elements
Cost centre accounting
Creating cost centre hierarchy
Creating cost centre
Creating activity types
Reports of cost centres
Profit centre Accounting
Creating profit centre
Creating dummy profit centre
Creating profit centre hierarchy
Assigning profit centre to cost centre
Reports on profit centre