What is SAP FICO?

This Tutorials Guides you a brief introduction about SAP FICO Module and What is SAP FICO SAP FICO Stands for FI (Financial Accounting) and CO (Controlling). SAP FICO is the important module of ERP and both FI and CO modules stores the financial transactions data.

SAP FI (Financial Accounting) is used for external reporting i.e. Balance sheet, Profit and Loss statements SAP FICO Module integrates with various other SAP Modules such as MM (Materials Management), SD(Sales and Distribution), PP (Production Planning), PM (Plant Maintenance),and PS (Project Systems). SAP FI (Financial Accounting) Module receives postings from various other modules such as Materials Management, Sales and Distribution, Human Resource) through integration.

All accounting-relevant transactions which are made in Logistics (LO) are posted real-time to Financial Accounting by automatic account determination. This data can also be passed on to Controlling (CO).

General Ledger accounting
    Accounts Receivables
    Accounts Payable
    Asset Accounting
    Bank Accounting
    Consolidation
    Special Purpose Ledger
    Travel Management

COURSE CONTENT:-
Introduction to SAP R/3
    1.	Introduction to ERP,  Advantages of SAP over other ERP Packages
    2.	Introduction to SAP R/3 FICO
 
Financial Accounting Basic Settings:
    1.	Definition of  company 
    2.	Definition  of company code
    3.	Assignment of company to company code
    4.	Definition of business area
    5.	Definition of fiscal year variant
    6.	Assignment of fiscal year variant to company code
    7.	Definition of posting period variant
    8.	Assignment of posting period variant to company code
    9.	Open and close posting period
    10.	Defining document type & number ranges
    11.	Maintenance  of field status variants
    12.	Assignment of field status variant to company code
    13.	Definition of tolerance groups for GL accounts
    14.	Definition of tolerance groups for employees
    15.	Assignment of tolerance groups   to users
    16.	Taxes on Sales & Purchases (input & output)
    17.	Creation of chart of Accounts 
    18.	Defining Accounts Groups
    19.	Defining Retained Earnings Account.

 General Ledger Accounting: 
    1.	Creation of General Ledger Master (with and with out reference)
    2.	Display/Change/Block/Unblock of general ledger master
    3.	Document Entry posting normal postings and posting with reference
    4.	Display and change of documents
    5.	Display of GL balances 
    6.	Display GL account line items
    7.	Parked documents 
    8.	Hold documents
    9.	Creation of Sample Document and postings with  sample documents
    10.	Defining recurring entry document and postings with recurring doc.
    11.	Creation of account assignment model and posting
    12.	Configuration of line layouts for display of GL line items
    13.	Reversal of individual documents, mass reversal , reversal of cleared items and reversal of accrual and deferral documents
    14.	Defining Exchange Rate types and Translation ratios
    15.	Define Exchange rates &  posting of foreign currency transactions
    16.	 Interest calculations on term loans
    17.	Accrual and Deferral  documents

Accounts Payable
    1.	Creation of vendor account groups 
    2.	creation of number ranges for vendor master records
    3.	assignment of number ranges  to vendor account groups
    4.	Creation of tolerance group for venders
    5.	Creation of vendor master (display/change/block/unblock of vender master)
    6.	Posting of vendor transactions (invoice posting, payment posting, credit memo)
    7.	Settings for advance payments to parties (down payment) and clearing of down payment against invoices (special GL transactions)
    8.	Posting of partial Payment & Residual Payment 
    9.	Creation of payment terms, 
    10.	Creation of house banks and account ids.
    11.	Creation of check lots and maintenance of check register
    12.	display check register
    13.	cancellation of  un issued checks
    14.	 creation of void reasons
    15.	cancellation of issued checks
    16.	posting of purchase returns              
    17.	Configuration of automatic payment program
    18.	Payment to vendors through APP
    19.	Defining correspondence & party statement of accounts
 
Accounts receivable:
    1.	Creation of customer account groups
    2.	creation of number ranges for customer master records
    3.	assignment of number ranges  for customer account groups
    4.	Creation of tolerance group for customers
    5.	Creation of customer master (display/change/block/unblock of vender master)
    6.	Posting of customer transactions (sales invoice posting, payment posting, debit memo)
    7.	Settings for advance payment from parties (down payment)
    8.	Configuration of settings for dunning
    9.	generating the dunning letters
    10.	defining correspondence and party statement of accounts
    11.	Bills of exchange
    12.	posting of sales returns
 
Asset Accounting
    1.	Defining chart of depreciation
    2.	creation of 0% tax codes for sales and purchased
    3.	assignment of  chart of depreciation to company code
    4.	Defining account determination
    5.	definition of screen lay out rules
    6.	definition of number ranges for asset classes
    7.	Integration with General Ledger & Posting rules
    8.	Defining Depreciation key 
    9.	definition of multilevel methods
    10.	definition of period control methods
    11.	creation of main asset master records
    12.	creation of sub asset master records
    13.	Acquisition  of fixed assets     
    14.	sale of fixed assets
    15.	transfer of assets
    16.	Scrapping of assets, 
    17.	Depreciation run
    18.	Line item  Settlement of assets under construction of capital work in progress
 
New General ledger accounting:
    1.	Parallel ledgers
    2.	document splitting
    3.	Segments.

Reports
    1.	1.Financial statement version
    2.	General Ledger, Accounts Payable, Accounts Receivable and Assets Reports
 
CONTROLLING
Basic settings for controlling 
    1.	Defining Controlling Area
    2.	Defining Number ranges for Controlling Area
    3.	Maintain Planning Versions
     
Cost element accounting:
    1.	creation of primary cost elements from  financial accounting area
    2.	creation of primary cost elements from controlling area
    3.	display of cost element master records
    4.	change cost element master records
    5.	primary cost element categories
    6.	secondary cost element categories
    7.	default account assignments
 
Cost Center Accounting
    1.	Defining Cost Center Standard Hierarchy
    2.	Creation of Cost Centers and cost center groups
    3.	display cost center master records
    4.	change cost center master records
    5.	creation of cost center groups
    6.	 posting to cost centers
    7.	reposting of co line items
    8.	Repost of Costs
    9.	planning for cost centers
    10.	Overhead Calculation
    11.	creation of secondary cost element master records
    12.	Creation and Execution of Distribution Cycle
    13.	creation and execution of assessment cycles
    14.	cost center reports
 
Internal Orders
    1.	Defining order types
    2.	Creation of internal order master records
    3.	display internal order master records
    4.	change internal order master records
    5.	postings to internal orders
    6.	planning for internal orders
    7.	reposting co line items for internal orders
    8.	repost of costs for internal orders
    9.	Report of Variance analysis for internal orders
    10.	creation of real internal orders
    11.	 posting  of business transaction to real orders
    12.	definition of allocation structures
    13.	definition of settlement profiles
    14.	definition of planning profiles
    15.	settlement of real internal orders
    16.	budgeting and availability control
    17.	maintain number ranges for budgeting
    18.	define tolerances for availability control
    19.	specification of exempt cost elements fr4om availability control
    20.	maintenance of budget manager
 
Profit Center Accounting 
    1.	Basic Settings for Profit Center Accounting
    2.	Creation of Dummy Profit Centers
    3.	maintenance of control parameters for actual postings
    4.	Maintaining planning versions for profit centers
    5.	maintaining the number ranges for profit center documents
    6.	Creation of profit center master records
    7.	display of profit center master records
    8.	changing the profit center master records
    9.	Creation of revenue cost elements
    10.	Automatic Assignment of Revenue elements for Profit Centers
    11.	assignment of  profit centers in cost center master records
    12.	creation of account groups in profit center accounting for planning
    13.	planning for profit and loss account items
    14.	planning for balance sheet items
    15.	posting of transactions  into profit centers
    16.	generating the variance reports for profit and loss account items
    17.	Generating the variance reports for balance sheet items.
 
Profitability analysis
    1. Maintaining the operating concern
    2. Define profitability segment characteristics
    3. Assignment of controlling area to operating concern
    4. Activating the profitability analysis
    5. Define number ranges for actual postings
    6. Mapping of SD conditions types to COPA value fields
    7. Creation of reports
    8. Viewing the reports
 
Product costing:
Product cost planning:
    1.	creation of bill materials
    2.	creation of activity type master records
    3.	planning for activity hours
    4.	activity type price calculation
    5.	creation of work center master records
    6.	creation of routings
    7.	defining cost sheet( over head structures)
    8.	assignment of cost sheet to costing variant
    9.	creation of cost estimate with quantity structure
    10.	marking
    11.	releasing
    12.	creation of cost estimate without quantity structure
 
Integration
Integration of financial accounting with materials management:
    1. Definition of organizational units in materials management i.e. plant, storage location and purchase organization
    2. Assignemnt of organizational units to each other
    3. Definition of tolerance groups for purchase orders
    4. Definition of tolerance groups for goods receipt
    5. Definition of tolerance groups for invoice verification
    6. Definition of vendor specific tolerances
    7. Creation, display and change of material master records
    8. Creation of plant parameters
    9. Maintenance of posting periods for materials management
    10. Mainternace of parameters for invoice verification
    11. Maintenance of plant parameters for inventory management and  physical inventory
    12. Definition of attributes for material types
    13. Assignment of GL accounts for material transactions in financial accounting
    (Integration of MM with FI)
    14. Creation of purchase order, posting of goods receipt, invoice verification and           

Goods issue for production
Integration of financial accounting with sales and distributioin:
    1.	Definition of sale s organization
    2.	definition  of distribution channels
    3.	definition of divisions
    4.	assignment  among various organizational units in SD
    5.	definition of partner functions
    6.	definitions of shipping point and loading points
    7.	definition of pricing procedures
    8.	determining  the shipping points
    9.	determining the pricing procedures
    10.	maintenance of  SD condition types
    11.	maintenance of condition records
    12.	assignment of GL accounts for  sales transactions( integration of FI with SD)
    13.	creation of sales order
    14.	initialization of stock
    15.	posting  the delivery of goods
    16.	creating the sales invoice