SAP FICO

FINANCIAL ACCOUNTING AND CONTROLLING FINANCIAL ACCOUNTING BASIC SETTINGS

Definition of company  Definition of company code Assignment of company to company code  Definition of business area  Definition of fiscal year variant  Assignment of fiscal year variant to company code  Definition of posting period variant  Assignment of posting period variant to company code  Open and close posting period  Defining document type & number ranges  Maintenance of field status variants  Assignment of field status variant to company code  Definition of tolerance groups for GL accounts § Definition of tolerance groups for employees  Assignment of tolerance groups to users  Taxes on Sales & Purchases (input & output)  Creation of chart of Accounts  Defining Accounts Groups  Defining Retained Earnings Account.  Define Exchange rates & posting of foreign currency transactions

General Ledger Accounting:

• Creation of General Ledger Master (with and without reference)  Display/Change/Block/Unblock of general ledger master  Document Entry posting normal postings and posting with reference  Display and change of documents  Display of GL balances Display GL account line items  Parked documents and Hold documents  Creation of Sample Document and postings with sample documents Defining recurring entry document and postings with recurring doc.  Configuration of line layouts for display of GL line items Reversal of individual documents, mass reversal, reversal of cleared items

Accounts Payable:

• Creation of vendor account groups  Creation of number ranges for vendor master records  Assignment of number ranges to vendor account groups Creation of tolerance group for venders  Creation of vendor master (display/change/block/unblock of vender master) Posting of vendor transactions (invoice posting, payment posting, credit memo)  Settings for advance payments to parties (down payment) and clearing of down  Payment against invoices (special GL transactions)  Posting of partial Payment & Residual Payment  Creation of payment terms  Creation of house banks and account ids  Creation of check lots and maintenance of check register  Configuration of automatic payment program  Payment to vendors through APP  Cross company code Configurations

Accounts Receivable

• Creation of customer account groups  Creation of number ranges for customer master records  Assignment of number ranges for customer account groups  Creation of tolerance group for customers  Creation of customer master (display/change/block/unblock of vender master)  Posting of customer transactions (sales invoice posting, payment posting, debit memo)  Settings for advance payment from parties (down payment)  Configuration of settings for dunning  Generating the dunning letters  Interest calculations on term loans

Special GL

• Defining Classes of Special Gl Defining Special Gl types  Advance payment configuration  Down payment configuration and posting  Guarantee configurations and posting  Individual value adjustments Bill of exchange configurations

Asset Accounting

• Defining chart of depreciation  Assignment of chart of depreciation to company code  Defining account determination  Definition of screen lay out rules  Definition of number ranges for asset classes  Integration with General Ledger & Posting rules  Defining Depreciation key  Definition of multilevel methods  Definition of period control methods  Creation of main asset master records  Creation of sub asset master records  Acquisition of fixed assets  Sale of fixed assets  Transfer of assets  Scrapping of assets  Depreciation run

The New General Ledger

• Scenarios and assigning the scenarios  Document splitting  Segment Reporting  Parallel Ledger

Reports

• GL Reports  AR Reports and AP Reports  AA Reports

CONTROLLING

Controlling Basic Settings

• Defining Controlling Area  Assigning Controlling Area to Company Codes  Defining Number Ranges for Controlling Documents, Cost Element Accounting  Creating Cost Element Groups  Manual Creation of Primary and Secondary Cost Elements  Automatic Creation of Primary and Secondary Cost Elements

Cost Center Accounting

• Creating Cost Center Hierarchy Key  Creating Cost Center Groups  Creating Cost Centers Manual Repost Line Items  Automatic Reposting Line Items  Periodic Reposting Creating Distribution Cycle

Internal Orders

• Creating Order Types  Creating Number Ranges  Creating Internal Orders

Profit Center Accounting

• Creating Profit Center Hierarchy  Creating Profit Center Groups  Creating Profit Centers Creating Dummy Profit Center Automatic Assignment of Balance Sheet A/c and P&L A/c to profit centers

Overview of Profitability analysis: Overview of Product costing:

Integration

FI to MM FI to SD FI to CO

MOCK TEST 

CASE STUDIES 

INTERVIEW QUESTIONS AND ANSWERS