FICONOTES : A guide to Configuring Financial Accounting and Controlling
Week 1 :
IntroductionTo SAP, view and understand the overview file.Enterprise StructureDefine Company, Company code & Assign the same.Maintain Fiscal Year Variant, Posting Period Variant, Document Number Ranges,Document Type, Posting Keys, Field Status Variants & Groups & Assignment of thesame wherever necessary.Simple Chart of AccountsCreate a simple Chart of Accounts, Assign the same, Edit GL A/c’s, Enter Transactions, Post with reference, Account Assignment Model, Recurring Documentand Batch Processing, Document Parking and Document Extract.Period End ClosingUnderstand the Closing concept, Close the company created, view the BalanceSheet, Accounts, carry forward balances to the next year, and view the RetainedEarnings Account.
Week 2 :
International COACreate a company encompassing all features of the SAP standard company 0001,create a COA in line with the INT COA, Assign as necessary, Edit Gl A/c Collectively,Enter Transactions, Post with reference, Account Assignment Model, RecurringDocument and Batch Processing, Document Parking and Document Extract.Cash JournalCreate GL A/c for Cash Journal, Document Types, Number Range Interval, SetupCash Journal, Business Transactions, and Posting. TaxationUnderstand the concept of a non-jurisdictional Tax Procedure, Condition Type,Access Sequence, Account Key, Tax Codes, Input / Output Tax, Calculation andPosting. Jurisdictional Tax Procedure will be configured independently by thestudent at this stage.
Week 3 :
Accounts ReceivableCreate Customer Master Records, raise invoices, receive incoming payment, assignand clear open items, Down payment request, creation and clearing, Maintain Terms of Payment. Installment Payment terms to be configured independently bythe student.DunningDefine Dunning Area, Dunning Keys, Dunning Procedure, Dunning Notices.InterestDefine Interest Calculation Types, Number Ranges, Arrears Interest Calculation,Interest Run and Posting. Balance interest to be configured independently.
Week 4 :
Accounts PayableCreate Vendor Master Records, Input Tax, raise bills, create outgoing payments.Std Withholding TaxUnderstand the concept of WT, Basic Settings, Calculation and Postings.Extended WT will be configured independently by the student.House BanksDefine House Banks, Outgoing Payment Configuration, Number Ranges for Cheques,and Bank Reconciliation. Automatic Payment Run to be configured independently.Foreign Currency TranslationUnderstand the concept of foreign currency translations, enter exchange rates,valuate open items at closing with reversals.
Week 5 :
SD/MM definition,assignment, andintegrationDefine Credit Control Area, Valuation Level, Plant, Location, Division, SalesOrganisation, Distribution Channel, Storage Location, Shipping Point andAssignment of the same. Define Common Distribution Channel and Division. CheckEnterprise Structure for Sales and Distribution. Understand integration concepts,and assign GL A/c’s.Create Material [FERT]Create material, initial stock entry, check stock of material.Pricing ProcedureUnderstand the concept of pricing procedure, condition type, access sequence,account key, procedure determination, and maintenance of condition records.Sales Order & BillingCreate Sales Order, Outbound Delivery, Billing Document, Accounting Entries.
Week 6 :
Asset AccountingUnderstand Organization Structure, Chart of Depreciation, Depreciation Areas, AssetClasses.IntegrationDefine and Assign GL A/c’s, Posting Keys, Field Status Variants, Tax Indicators.Asset DataCreate Asset, acquire with / without vendor [ opening balances ].DepreciationUnderstand Depreciation Keys. TransactionsUnderstand Acquisitions, Retirements, Depreciation Run and Posting.Legacy Data UploadUnderstand Legacy Data Upload using Microsoft Excel.
Week 7 :
ControllingMaintain Controlling Area, Assign the same and maintain number rangesCost Element AccountingCreate Default Cost Center, Primary Cost Element, Secondary Cost ElementCost Center AccountingActivate Cost Center Accounting in Controlling Area, Maintain Standard Hierarchy,Create Cost Center Groups and Cost Centers, Select Planner Profile, Cost and