Course Overview
SAP is the biggest global player in ERP space. SAP finance is the most sought after module. Master SAP finance Business Process, Configuration, Testing and various SAP finance and accounting concepts. This course on SAP FICO covers business process, concepts, configuration and testing on SAP FICO topics like Enterprise structure, General Ledger, Accounts Payable, Accounts Receivable, Bank Accounting, Electronic Bank statements, Dunning, New General Ledger etc.
Enterprise structure:
Define Company, Company Code, Segments, Functional Area, Controlling Area, Credit Control Area
Company code global settings
Fiscal Year Variant, Assign Fiscal Year Variant to Company Code, Posting Period Variant, Assign Posting Period Variant to Company Code, Open and Close Posting Period Variant, Define Field Status Variant, Company Code Global Parameters, Chart of Accounts, Define GL Account Groups, Retained Earning Account, Document Type, Document number Range, Posting Key, GL Account Tolerance, Employee Tolerance, Assign Users to Tolerance Groups
General Ledger
GL Master Data Fields and Purpose, Create GL Accounts, Copy GL Accounts from Chart of Accounts, Copy GL Accounts from Company Code, Open Item Clearing, Cross Company code transactions, Special GL transactions.
Foreign Currency Valuation
Accounts Payable
Create Number range for Vendors, Vendor Account Group, Assign Number Range to Vendor Account group, Define Sensitive fields for dual control, create customer master records, Maintain Terms of Payments, Special GL transactions
Electronic Vendor Payments
Global settings for vendor payments, Vendor payment process, Configure Payment Methods – Check, ACH, Wire Transfer in SAP (FBZP), Update Vendor Master Data in SAP for Payment Methods, Test vendor payments in SAP, Electronic Payment file creation using DMEE
Accounts Receivable
Customer Account Group, Customer master Number range, Sensitive fields for dual control, Create customer master records, Main Terms of Payments for customer, Dunning, Special GL Transactions
Dunning
Dunning Procedure, Dunning Level, Dunning Charges, DUNNING TEXT/Form, Execute Dunning (F150)
Bank Accounting
Bank Key, House Bank, Bank Accounts, Electronic Bank Statements
Automation using Accrual Engine
Define Accrual Types, Define Permitted Company Codes and Fiscal Year, Define Accrual Object Categories, Define Number Range for Accrual Objects
Asset Accounting
Asset Management Overview, Asset Master Records, Asset Acquisitions and Maintenance, Asset Transfers, Asset Retirements, Depreciation, Reporting
Electronic Bank Statements
Electronic Bank Statement business process, EBS configuration steps in SAP, EBS test file creation and end to end testing in SAP
Lockbox
Lockbox automates check receipt and clearing process in SAP. SAP Lockbox is extensively used by large manufacturing organization, MNC, Banks etc. Lockbox business process, Lockbox configuration in SAP, Customer master data update, Lockbox file structure and its creation, end to end testing of Lockbox process