INTRODUCTION
SAP stands for System Application and Products in data Processing. SAP FICO is one of the most widely used SAP module. SAP FICO module includes SAP FI configuration and SAP CO configuration. SAP FI module records and maintains the financial transaction of the organisation for external reporting. SAP CO module deals with internal accounting. SAP FICO modules can be integrated with other SAP modules like SD (Sales and Distribution), MM (Material Management), HR (Human Resource), PP (Production Planning), QM (Quality Management), PS (Project System) etc.
FI stands for Financials CO stands for Controlling
SAP was released in 1972 - Head quarters in Germany.
What is ERP?
ERP stands for Enterprise Resource Planning, it integrates all functions into one system.
There are many departments in an organisation. ERP integrates all the function into one system. It facilitates free flow of data among various departments.
Area Covered under SAP FI
Financial Accounting manages the financial transaction of the organisation. Financial transaction are recorded in the balance sheet and Income Statement(P&L)
1. General Ledger Accounting
2. Accounts Payable
3. Accounts Receivable
4. Asset Accounting
Step by Step SAP FICO Tutorial for Beginners
SAP FI
1. Company Creation in SAP
2. Define Company Code
3. Assign Company Code to the Company
4. Define Business Area
5. Creation of Chart of Accounts (COA)
6. Assign Company Code to Chart of Accounts
7. How to create Chart of Accounts Account Groups
8. Define Retained Earnings Account
9. Define Credit Control Area
10. Assign Company Code to Credit Control Area
11. Maintain Fiscal Year Variant
12. Assign Company Code to Fiscal Year Variant
13. Define Variants for Open Posting Periods
14. Assign Posting Period Variants to Company Code
15. Define Open Close Posting Periods
16. Define Fields Status Variant and Fields Status Group
17. Assign Company Code to Field Status Variant
18. Define Document Number Ranges
19. Define Tolerance Group for Employees and Assign User/Tolerance Groups
20. Define Tolerance Group for G/L Accounts
21. Enter Global Parameters
22. Creation of General Ledger Accounts
23. How to Block and Delete G/L Account
24. Posting of Transactions
25. Display and Change Document
26. How to Create and Display Sample Document
27. How to Park Document
28. How to Hold document
29. Month End Provision (Open Item Management - Full Clearing, Partial Clearing and Residual Clearing and Accrual/Deferral Method)
30. Foreign Currency Transaction
31. Reversals (Individual, Reversal of Reversed, Mass and Cleared Item Reversal)
32. Interest Calculation Configuration
33. Foreign Currency Balance Revaluation
ACCOUNTS PAYABLE (A/P)
1. Creation of Vendor Account Groups
2. Create Number Range for Vendor Accounts
3. Assign Number Range to Vendor Account Groups
4. Define Tolerance Group for Vendors
5. Creation of Two G/L Masters
6. Creation of Vendor Master
7. Document Types and Number Ranges
8. House Bank
9. Advance payment to Vendors (Down Payment to Vendors)
10. Terms of Payment
11. Automatic Payment Program
12. Credit Memo Posting
ACCOUNTS RECEIVABLE (A/R)
1. Creation of Customer Account Groups
2. Create Number Range for Customer Accounts
3. Assign Number Range to Customer Account Groups
4. Creation of Two G/L Masters
5. Creation of Customer Master
6. Document Types and Number Ranges
7. Sales Invoice Posting
8. How to View Customer Account Transaction
9. Incoming Payment and Clear Vendor and Customer Transactions
10. Go and See the Customer Account Transactions
11. Advance Receipt from Customers
12. Bill Discounting
13. Dunning
SALES TAX
1. Define Tax Procedure
2. Assign Country to Calculation Procedure
3. Define Tax Codes for Sales and Purchases
4. Assign Tax Codes for Non-Taxable Transactions
5. Creation of G/L Masters
6. Assignment of Accounts for Automatic Postings
7. Sales Invoice Posting
ASSET ACCOUNTING
1. Copy Reference Chart of Depreciation/Depreciation Area
2. Assign Chart of Depreciation to Company Code
3. Specify Account Determination
4. Create Screen Layout Rule
5. Define Number Range Intervals
6. Define Asset Classes
7. Determine Depreciation Areas in the Asset Class
8. Creation of 15 General Ledger Masters
9. Assignment of Accounts for Automatic Postings
10. Specify Document Type for Posting of Depreciation
11. Specify Intervals and Posting Rules
12. Specify Rounding for Net Book Value and Depreciation
13. Define Screen Layout for Asset Master Data
14. Define Screen Layout for Asset Depreciation Areas
15. Define Multi Level Methods
16. Maintain Period Control Methods
17. Maintain Depreciation Key
End User Area
18. Create Main Asset Master
19. Create Sub Asset Master
20. Main Asset Purchase Posting
21. Sub Asset Purchase Posting
22. Report to View all Assets for Particular Period
23. Depreciation Run
24. Asset Sale
25. Asset Transfer
SAP stands for System Application and Products in data Processing. SAP FICO is one of the most widely used SAP module. SAP FICO module includes SAP FI configuration and SAP CO configuration. SAP FI module records and maintains the financial transaction of the organisation for external reporting. SAP CO module deals with internal accounting. SAP FICO modules can be integrated with other SAP modules like SD (Sales and Distribution), MM (Material Management), HR (Human Resource), PP (Production Planning), QM (Quality Management), PS (Project System) etc.
FI stands for Financials CO stands for Controlling
SAP was released in 1972 - Head quarters in Germany.
What is ERP?
ERP stands for Enterprise Resource Planning, it integrates all functions into one system.
There are many departments in an organisation. ERP integrates all the function into one system. It facilitates free flow of data among various departments.
Area Covered under SAP FI
Financial Accounting manages the financial transaction of the organisation. Financial transaction are recorded in the balance sheet and Income Statement(P&L)
1. General Ledger Accounting
2. Accounts Payable
3. Accounts Receivable
4. Asset Accounting
Step by Step SAP FICO Tutorial for Beginners
SAP FI
1. Company Creation in SAP
2. Define Company Code
3. Assign Company Code to the Company
4. Define Business Area
5. Creation of Chart of Accounts (COA)
6. Assign Company Code to Chart of Accounts
7. How to create Chart of Accounts Account Groups
8. Define Retained Earnings Account
9. Define Credit Control Area
10. Assign Company Code to Credit Control Area
11. Maintain Fiscal Year Variant
12. Assign Company Code to Fiscal Year Variant
13. Define Variants for Open Posting Periods
14. Assign Posting Period Variants to Company Code
15. Define Open Close Posting Periods
16. Define Fields Status Variant and Fields Status Group
17. Assign Company Code to Field Status Variant
18. Define Document Number Ranges
19. Define Tolerance Group for Employees and Assign User/Tolerance Groups
20. Define Tolerance Group for G/L Accounts
21. Enter Global Parameters
22. Creation of General Ledger Accounts
23. How to Block and Delete G/L Account
24. Posting of Transactions
25. Display and Change Document
26. How to Create and Display Sample Document
27. How to Park Document
28. How to Hold document
29. Month End Provision (Open Item Management - Full Clearing, Partial Clearing and Residual Clearing and Accrual/Deferral Method)
30. Foreign Currency Transaction
31. Reversals (Individual, Reversal of Reversed, Mass and Cleared Item Reversal)
32. Interest Calculation Configuration
33. Foreign Currency Balance Revaluation
ACCOUNTS PAYABLE (A/P)
1. Creation of Vendor Account Groups
2. Create Number Range for Vendor Accounts
3. Assign Number Range to Vendor Account Groups
4. Define Tolerance Group for Vendors
5. Creation of Two G/L Masters
6. Creation of Vendor Master
7. Document Types and Number Ranges
8. House Bank
9. Advance payment to Vendors (Down Payment to Vendors)
10. Terms of Payment
11. Automatic Payment Program
12. Credit Memo Posting
ACCOUNTS RECEIVABLE (A/R)
1. Creation of Customer Account Groups
2. Create Number Range for Customer Accounts
3. Assign Number Range to Customer Account Groups
4. Creation of Two G/L Masters
5. Creation of Customer Master
6. Document Types and Number Ranges
7. Sales Invoice Posting
8. How to View Customer Account Transaction
9. Incoming Payment and Clear Vendor and Customer Transactions
10. Go and See the Customer Account Transactions
11. Advance Receipt from Customers
12. Bill Discounting
13. Dunning
SALES TAX
1. Define Tax Procedure
2. Assign Country to Calculation Procedure
3. Define Tax Codes for Sales and Purchases
4. Assign Tax Codes for Non-Taxable Transactions
5. Creation of G/L Masters
6. Assignment of Accounts for Automatic Postings
7. Sales Invoice Posting
ASSET ACCOUNTING
1. Copy Reference Chart of Depreciation/Depreciation Area
2. Assign Chart of Depreciation to Company Code
3. Specify Account Determination
4. Create Screen Layout Rule
5. Define Number Range Intervals
6. Define Asset Classes
7. Determine Depreciation Areas in the Asset Class
8. Creation of 15 General Ledger Masters
9. Assignment of Accounts for Automatic Postings
10. Specify Document Type for Posting of Depreciation
11. Specify Intervals and Posting Rules
12. Specify Rounding for Net Book Value and Depreciation
13. Define Screen Layout for Asset Master Data
14. Define Screen Layout for Asset Depreciation Areas
15. Define Multi Level Methods
16. Maintain Period Control Methods
17. Maintain Depreciation Key
End User Area
18. Create Main Asset Master
19. Create Sub Asset Master
20. Main Asset Purchase Posting
21. Sub Asset Purchase Posting
22. Report to View all Assets for Particular Period
23. Depreciation Run
24. Asset Sale
25. Asset Transfer