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SAP Finance & Controlling

Summary

The SAP FI (Financial Accounting) Module has the competence of meeting all the accounting and financial needs of an organization. The FI Module incorporates with other SAP Modules such as MM (Materials Management), PP (Prod-uction Planning), SD (Sales and Distribution), PM (Plant Maintenance), and PS (Project Systems). The FI Module also assim-ilates with HR (Human Resources) that includes PM (Personnel Management), Time Management, Travel Manag-ement, Payroll. Document transactions occurring within the precise modules generate account postings by means of account determination tables.

The SAP CO (Controlling) Module endow with supporting information to Management for the purpose of planning, report-ing, as well as monitoring the operations of their business. Management decision-making can be achieved with the level of information provided by this module. The cost elements are the foundation for cost accounting and facilitate the User the ability to display costs for each of the accounts that have been assigned to the cost element. Cost Center Account-ing provides information on the costs incurred by your business. You have the ability to assign Cost Centers to depart-ments and managers responsible for certain areas of the business as well as functional areas within the SAP. Cost Centers can be created for such functional areas as Marketing, Purchasing, Human Resources, Finance, Facilities, Information Systems, Administrative Support, Legal, Shipping / Receiving, or even Quality.

Course Content

  • Introduction to SAP R/3
  • Introduction to ERP, Advantages of SAP over other ERP Packages
  • Introduction to SAP R/3 FICO
  • Introduction to SAP R/3
  • Introduction to ERP, Advantages of SAP over other ERP Packages
  • Introduction to SAP R/3 FICO

Financial Accounting

  • Overview of Accounting
  • Overview on SAP ECC6

Organisation Structure

  • Company, Company codes
  • Credit control area
  • Functional Area

Global Settings

  • Functional and Cost of Sales accounting
  • Variants – Field status, Fiscal year and Posting period
  • Ledgers – Leading and Non-leading ledgers
  • Parallel Accounting
  • Real time Integration of CO with FI
  • Currencies
  • Tolerances
  • Taxes on Sales and Purchases
  • Withholding Taxes
  • Authorization
  • Validation and Substitutions

General Ledger Accounting (FI-GLA)

  • Chart of Accounts
  • Account Groups
  • Retained Earnings account settings
  • Financial Statement versions
  • Document splitting settings
  • Master data creation settings
  • Periodic processing  settings
  • Integration – MM, SD, Payroll and Intercompany

Accounts Receivable (FI-AR)

  • Customer master data settings
  • Incoming Invoice process settings
  • Payment terms settings
  • Dunning
  • Down Payment received
  • Credit Management

Accounts Payable (FI-AP)

  • Vendor Master data settings
  • Outgoing Invoice process settings
  • Outgoing payment process – manual
  • Outgoing payment process -Automatic
  • Down payment made

Banking (FI-BA)

  • House Bank
  • Check Deposit settings
  • Bank statement upload process – Manual and Automatic
  • Lockbox settings
  • Cash Journals
Asset Accounting (FI-AA)
  • Organisation structure
  • Integration with General Ledger
  • Valuations
  • Depreciation settings
  • Valuation Methods
  • Asset Master data settings
  • Month end activities

Controlling (CO)

  • Overview of Controlling

CO Organization structure

  • Controlling Area settings
  • Activate Business Functions
  • Maintain Versions
Cost Center Accounting (CO-CCA)
  • Master data – Cost center, SKF, Activity types
  • Cost center hierarchy
  • Cost center Planning
  • Assessment and Distribution
  • Commitment and Funds Management

Internal Order Accounting (CO-IO)

  • Order type settings
  • Planning
  • Budgeting and availability control
  • Order with Investment process
  • Commitment and Funds Management
  • Internal Order Settlement process

Product Costing (CO-PC)

  • Basic settings – Costing sheet, Overhead
  • Material Cost estimate – Costing variant
  • Cost object by Order
  • Cost object by Sales Order
  • Cost object by Services
  • Period end closing – Work in process
  • Period end closing – Variance Analysis
  • Period end closing – Settlement
  • Actual costing / Material Ledger

Profitability Analysis (CO-PA)

  • Operating Concern
  • Master Data settings
  • Planning
  • Flow of actual values
  • Transfer of sale order and billing
  • Order and Project settlement
  • Direct posting from FI/MM
  • Report Painter and writer

Profit Center Accounting (PCA)

  • Profit Center settings
  • Master data – Profit center and hierarchy
  • Planning
  • Transfer price settings
  • Actual Postings
  • Period end closing – Assessment & Distribution
  • Consolidation

FSCM (Financial Supply Chain Management)

  • In-House Cash
  • Credit Management
  • Collection Management
  • Dispute Management

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Courses Highlights

  • Virtual classroom training via state of art online collaboration tools with sharing of all the presentations, demonstrations over real time systems.
  • Video files of the tool navigations taught during the sessions shall be shared with you post every session.
  • assignments to help you get hands on experience to handle such requirements in future. Real time case studies along with assignments shall be part of the courses.
  • In addition to the training videos, material required to prepare for certification shall be provided. An expert guidance for people interested in certification on any particular technology.
  • Career oriented assistance shall be offered to interested subscribers as part of the same course track.
  • Interview assistance and On job support shall be offered to all on demand, after successful completion of training

Testimonials

Well Structured course contend and delivered well by the mentor. Course content was quite useful and the assistance from the moderator was very helpful.
David, Chicago.
I felt SAP FICO training is much better than trainings offered by other such portals. FI as well as CO concepts are covered well by the trainer. I appreciate their efforts.
Varun, Chicago.
Mentor has completed the course content in time. Also training over FSCM in the same track is quite useful. Helps cover both the topics within the same timeline.
Sunitha, New Jersey.