FICONOTES : A guide to Configuring Financial Accounting and Controlling
by Lawrence Rebello
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, DocumentType, Posting Keys, Field Status Variants & Groups & Assignment of the same wherevernecessary.Simple Chart of AccountsCreate a simple Chart of Accounts, Assign the same, Edit GL A/c’s, Enter Transactions, Post withreference, Account Assignment Model, Recurring Document and Batch Processing, DocumentParking and Document Extract.Period End ClosingUnderstand the Closing concept, Close the company created, view the Balance Sheet, Accounts,carry forward balances to the next year, and view the Retained Earnings 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, Postwith reference, Account Assignment Model, Recurring Document and Batch Processing,Document Parking and Document Extract.Cash JournalCreate GL A/c for Cash Journal, Document Types, Number Range Interval, Setup Cash Journal,Business Transactions, and Posting.TaxationUnderstand the concept of a non-jurisdictional Tax Proceedure, Condition Type, AccessSequence, Account Key, Tax Codes, Input / Output Tax, Calculation and Posting. JurisdictionalTax Proceedure will be configured independently by the student at this stage.
Week 3 :
Accounts ReceivableCreate Customer Master Records, raise invoices, receive incoming payment, assign and clearopen items, Down payment request, creation and clearing, Maintain Terms of Payment.Instalment Payment terms to be configured independently by the student.DunningDefine Dunning Area, Dunning Keys, Dunning Proceedure, Dunning Notices.InterestDefine Interest Calculation Types, Number Ranges, Arrears Interest Calculation, Interest Runand Posting. Balance interest to be configured independently.
Week 4 :
Accounts PayableCreate Vendor Master Records, Input Tax, raise bills, create outgoing payments.Std Witholding 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 openitems at closing with reversals.
Week 5 :
SD/MM definition,assignment, and integrationDefine Credit Control Area, Valuation Level, Plant, Location, Division, Sales Organisation,Distribution Channel, Storage Location, Shipping Point and Assignment of the same. DefineCommon Distribution Channel and Division. Check Enterprise Structure for Sales andDistribution. Understand integration concepts, and assign GL A/c’s.Create Material [FERT]Create material, initial stock entry, check stock of material.Pricing ProceedureUnderstand the concept of pricing procedure, condition type, access sequence, account key,proceedure determination, and maintenance of condition records.Sales Order & BillingCreate Sales Order, Outbound Delivery, Billing Document, Accounting Entries.
Week 6 :
Asset AccountingUnderstand Organisation Structure, Chart of Depreciation, Depreciation Areas, Asset Classes.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 CostCenter Groups and Cost Centers, Select Planner Profile, Cost and Activity Input, Enter Plan and Actual amounts, Generate Variances, Redistribution and Assessment of Primary and SecondaryCost Elements across Cost Centers.