The entire curriculum is divided into 2 levels Level-I and Level-II
Areas pertaining to MM, PP, SD, COPA, PC, ML, Advanced FA including PS do additionally belong to Level-II
|Level-I||40 Hours||$1000||SAP FI – GL, AR, AP, BANKING, ASSET|
|Level-II||40 Hours||$1000||COPA, PC, ML, Adv FA & CO|
SAP FICO Course Content:
SAP (FINANCE) FI & CO:
Organizational Structure and Global Parameters
Define Company Code
Define Company and assign to Company Code
Define Business Area
Define Credit Control Area
Maintain Controlling Area
Assign Company Codes to Controlling Area
Create Operating Concern
Assign Controlling Area to Operating Concern
Maintain Company Code Global Parameters
Maintain Fiscal Year Variant
Assign Fiscal Year Variant to Company Code
Define Posting Period Variant
Maintain Open and Close Posting Periods
Assign Posting Period Variant to Company Code
Define Field Status Variant
Assign Field Status Variant to Company Code
Define Document Types for Postings
Define Number Ranges for
Define Tolerance Groups for employees
Assign Tolerance Groups
Set Fiscal year Default for Company Code Set Default Value date Propose for
Taxation and even connection with outside tax like Vertex:
Check and Assign Tax Calculation Procedure to Country
Define Tax Codes for Sales and Purchases
Define Tax Accounts for Postings
Activate Extended Withholding Tax
Define Withholding Tax Types for Invoice and Payment Postings
Define Withholding Tax codes
Assign Withholding Tax Types to Company Codes
Define Accounts for Withholding Tax Postings
Define Vendor Account groups with screen layout
Create number ranges for vendor account groups
Assign number ranges to vendor account groups
Tolerance groups for vendors
Payment terms creation
Define Vendor Accounts
Transactions & Reporting:
Post vendor invoice
Post credit memo
Display vendor accounts balances
Invoice clearing with outgoing payment posting
Display posted documents
Define Accounts for special GL transactions
Post down payment requests
Post down payments
Clear down payment against invoices
Reason codes for under and overpayment
Define accounts for payment differences
Automatic payment program (APP)
Automatic payment programme execution with check output
Vendors ageing analysis
General Ledger Accounting:
Define chart of Accounts List
Assign Company Code to Chart of Accounts List
Define Accounts Groups and Screen layout for Account group
Define Retain Earning Accounts
Define GL Account Master Records with Chart of account view and Company Code view
Transactions & Reporting:
General Ledger Postings with Normal and Enjoy
Display Posted documents and Accounts
Reverse Wrong documents posted
Account Assignment Model
Interest calculation and Postings
Posting with Foreign currency
Foreign currency configurations:
Define methods for foreign currency valuation
Prepare Automatic posting for foreign currency valuation
Revaluation of foreign currency balances
Maintain Exchange rates maintain table
Define Reason Codes
Clear open item with full settlement
Partial and Residual methods
Define House Banks with Bank Accounts
Creation of check number ranges for check lots
Cancellation of issues check with reasons
Accounts Receivables :
Terms for Instalment payments
Define Customer Accounts
Transactions & Reporting:
Create customer Invoice
Clear invoice against in coming payment Dunning Procedure
Display document posted
Display customer accounts balances
Maintain correspondence with vendors
Generate customer statements
Customer ageing reports
Define tolerances for customers
Down payment received
Clear down payments against customer invoices
Setup credit control area
Set customer credit limits
Check posting against credit limits
Copy and Modify the chart of depreciation
Assign Chart of depreciation to Company Code
Specify Account determination
Create screen layout rules
Define number ranges
Define Asset classes
Define depreciation areas post to GL
Assign GL accounts for postings
Define 0% tax codes
Define depreciation keys
Screen layouts for asset masters and depreciation areas
Create Asset Masters
Acquisition of assets with and without vendors
Retirement of assets
Transfer of assets
Scraping of assets
Transactions & Reporting:
Depreciation run and post
Display Asset Account balances
Asset explorer and history sheet
Specify asset take over date
Period end closing Activities
Year end closing Activities
Generation of reports in period and year end
Preparation of financial statement version
Master data and transactional data upload
Activate Components for controlling area
Assignment of company code to controlling area
Maintain number rangers for controlling area documents
Maintain versions and setting for fiscal year
Cost Centre Accounting:
Introduction to cost centres accounting
Activate Cost centre accounting in controlling area
Define Standard Hierarchy for cost centres
Define cost centre categories
Define cost centre groups
Create cost centres
Define cost elements for activity allocation
Create activity types
Maintain statistical key figures
Post transaction to cost centres
Generate cost centre reports
Plan values and quantities for activity Prices
Calculate activity prices
Periodical reposting of cost
Create and execute Assessment cycle
Create and execute distribution cycles
Setting for automatic posting of cost
Introduction to internal orders
Activate order management in controlling area
Maintain budget and planning profiles
Define Order types
Number ranges for orders
Real and statistical orders
Re posting to orders
Secondary cost elements for order settlement
Posting values to internal orders
Display internal order reports
Product Cost Controlling:
Define cost sheet for overhead calculation
Define cost component structure
Define transfer structure
Maintain material cost estimate with quantity structure
Product cost mark and release
Define cost accounting relevant setting for order types and plants
Maintain result analysis key for work in progress calculation
Check variance variant
Calculate variance for order
Number ranges for variance documents and settlement documents
Define Material Master
B O M
Introduction to Profitability Analysis
Maintain operating concern
Maintain value fields
Define profitability segment
Maintain characteristic values
Define derivation rules
Setting for data flow from SD
Setting for data flow from FI and MM
Display reports in COPA
Mapping of SD Conditions to CO
PA Value Fields
Cost Element Accounting:
Create primary and secondary cost elements
Creation of cost elements manual and automatic
Define cost element categories
Define cost element groups
Define number ranges for recon postings
Profit Centre Accounting:
Introduction to profit centre accounting
Maintain standard hierarchy
Importance and Create dummy profit centre
Maintain profit centre groups
Creation of profit centres
Assignment of profit centres in cost centre master data
Assignment of cost centres in material masters
Maintain automatic account assignments for revenue elements
Profit centre for additional balance sheet accounts and PL accounts
Posting to profit centres
Display Profit centres reports
Over view on ASAP methodology
Transport request creation and release
Over view on technical aspects
Topic wise interview questions
Mind Set at the Time of Interview
Voice Module / Body Language at the time face to face
Other Necessary Interview Tech
Tickets and Issues
Top 50 important SAP FICO interview questions and answers covers all important questions on General ledger accounting (G/L), Accounts Payable (AP), Accounts Receivable (A/R), Bank accounting, etc.
What is SAP FI module?
Answer – SAP FICO stand for Financial Accounting (FI) and Controlling, where SAP FI and CO module represents two separate set of books. The acronym “Accounting” is now become popular as it used to record day-to-day business transactions for various purpose. You can broadly divide accounting information users as Internal users and External users.
How SAP FI helps an Organization?
SAP FI application helps to meet the financial accounting requirements and financial needs of an organization. Financial Accounting module helps in
What is SAP CO module?
Answer – The following link clearly describes what is SAP controlling module?
What is Credit Control Area?
In SAP, Credit control area control the credit limit of customers.
Difference between company and company code
What is the importance of special posting periods?
In Fiscal year, there will be total 16 posting periods, out of which 12 are normal periods and remaining 4 are special periods. Special posting periods are used for the adjustments of books, taxes, audits, etc.
What is Fiscal Year Variant?
The fiscal year represents financial accounting period. Generally, business transactions take place with 12 month periods (Jan- Dec). In SAP Fiscal year variant defines the accounting posting periods of an organization.
What is Open and close posting periods?
Open and Close Posting periods determines and controls which accounts are allowed or close for postings for a specific period of time. Generally current posting period is open for document posting and remaining periods will be in closes status.
How to open and close posting periods?
Posting period variant (PPV) is used open and close posting periods as per Account types (+, D, K, A). Transaction code is OB52.
What is a business area?
Business area represents specific business segments or area of company.
What is chart of accounts (COA)? and list the major components of Chart of Accounts.
Chart of accounts is a list of general ledger (G/L) accounts that are used in single or more company codes. Every G/L account in COA will have account number, name and controlling details.
The important components are
Difference between Operating chart of accounts and Group chart of accounts
What happens when you post document to financial year 2015 when you are in 2016?
First of all, to post a transaction in previous year, e.g. year 2015 when you are in 2016, the relevant posting period should be open. When posting are done, the system make adjustments in background.
Is it possible to post to a customer a/c in previously closed period?
No, it is not possible to post transactions to a customer account in previously closed periods. We can post for G/L account but in case of sub-ledger a/c (customer a/c) it has be process via opening and closing the account interval of “reconciliation account” of that account type.
How to carry forward Account Balances?
What you prefer internal number ranges or external number ranges?
According my opinion, I refer internal number ranges because-
After document is posted, is it possible to delete document entries?
No it is not possible to delete document entries after posting a documents. But you can edit the entries such as text fields, etc.
Explain how many retained earning accounts in SAP can be defined?
We can maintain many retained earnings A/C as per requirements. Generally one retained earnings A/C is sufficient. If you are configuring for a multinational company where the legal requirements as the tax provisions differ from country to country. In this case we need more than one Retained Earnings a/c.
How many currencies can be configured for a company code in SAP?
You can assign 3 currencies for a company code.
What is Posting Key? and what does it control?
What is Field Status Group (FSG) and what does it control?
Field status group controls what are the field to be display, optional, required and suppress on transactions.
What is Account group and what does it control?
Account group determines which fields you can maintain on general ledger master record. It control number ranges of G/L.
What are residual payments and Part Payment?
This situation occurs when you don’t receive the full amount against the invoice value.