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The SAP FI CO (Financials and Controlling) module includes two major categories of functionality needed to run the financial accounts of a company – Financials (FI) and Controlling (CO). FI includes accounts payable, accounts receivable and general ledger; also procedures to post accounts, close books, prepare financial statements and balance sheet.

SKU: SAPLive1000 Categories: ,

Product Description

The SAP FI CO (Financials and Controlling) module includes two major categories of functionality needed to run the financial accounts of a company – Financials (FI) and Controlling (CO). FI includes accounts payable, accounts receivable and general ledger; also procedures to post accounts, close books, prepare financial statements and balance sheet.

Objectives:

  • Understand the basic SAP terminologies and basic SAP commands
  • Configure Organizations in FI/CO
  • Configure FI- GL
  • Configure Taxes
  • Configure Electronic Bank Statements

Outline:

Week 1: SAP introduction.  
Understand the basic SAP terminologies and basic SAP commands.

  • SAP introduction:
  •       Overview of SAP modules
  •       Familiar with SAP commands
  •       What is a SAP Client?
  •       What is a SAP transaction code?
  •       What is SAP menu?
  •       What is configuration menu (IMG)?
  •  Financial organization structure overview:
  •  Relationships/assignments between: Company, Company codes, Credit control area, Controlling Area, Operating concern

Week 2: This session is to learn how to define/create the FICO organization structures and understand how and why each structure is assigned to one another.  
What are the required elements in SAP to configure a fully functional company?

  • Financial Accounting & Controlling
    1. Create company
    2. Create company code
    3. Create credit control area
    4. Chart of Account
    5. Field status variant/field status group
    6. Field status variant
    7. Fiscal year variant

Week 3: This session will be learning how to define the controlling area.  

  1.     What is controlling area?
  2.     Why do we need a control area?
  3.     What is the relationship between CO & FI.
  • Controlling area
    1. Create controlling area
    2. Configure/activate controlling area
    3. Assign controlling area to company code
    4. Cost centers
    5. Profit centers
    6. Cost elements

Week 4
This session is to learn the FI-sub-module functionality:

  1. General Ledger
  2. Banks,
  3. Customer, Vendors and
  4. Functionality offered in each sub-module.
  5. How is the sub-module integrated
    •   General Ledger
    1. GL accounts/Cost elements (Field status variant/field status group)
    2. What is document type?  Document number ranges?
    3. How to create a journal entry
    •     Tax configuration
  1. Configure Input tax/output tax
  2. Withholding tax
    •     House Bank / Bank master data
  1. What is house bank
  2. What is bank master data
  3. How they are used in the system
    •     Vendor Master Data
  1. Vendor groups/number range
  2. How to create a vendor invoice/credit memo
  3. How to attach documents to master data and documents
  4. Withholding tax configuration (1099-MISC)
  5. How to     generate 1099-misc report/print 1099 form
  6. Dunning overview

Week 5
This session will be leaning the SAP accounts payable automatic payment run configuration and the payment run process.  How to setup payment methods and how everything is integrated together?

    • Automatic payment run process
    1. Configure payment methods and
    2. Configure automatic payment run / check lots
    3. How to generate payment proposal?
    4. How to generate payment run?
    •     Customer
    1. Master Data
    2. Customer groups/number range
    3. Configure customer statement and how to generate a customer statement

Week 6
This session will be leaning how to setup or configure the electronic bank statement and how to use the electronic bank statement

    • SAP reporting overview
    •     Electronic bank statement
  1. Configure electronic bank statement
  2. Configure posting rules
  3. Load bank statement and Process bank statement

SAP Reporting overview

  •     Review/questions/answers

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