Creation of GL Master | ZaranTech

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SAP FICO (Finance and Controlling) Training on ECC

Glossary of Terms

Glossary of SAP Finance Controlling Terms

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[EBOOK] SAP FICO - Career Growth for SAP FICO Consultant

Ebook

Session 1 - Project Plan

Session Video - Project Plan (62:14)
Lab Activity - Project Plan
Quiz

Session 2 - Organization Structure

Session 2 - Organization Structure (127:15)
Lab Activity - Creating an Organization Structure
Quiz

Session 3 - Financial Accounting Basics and Organization Structure

Session Video - Financial Accounting Basics and Organization Structure (112:42)
Lab Activity - Financial Accounting Basics and Organization Structure
Quiz

Session 4 - Organization Structure

Session Video - Organization Structure (124:08)

Session 5 - GL Postings

Session Video - GL Postings (122:01)
Lab Activity - General Ledger (GL) Postings
Quiz

Session 6 - Park Doc, Recurring Doc, Translation

Session Video - Park Doc, Recurring Doc, Translation (111:19)
Session Video - Park Doc, GL Tolerances, Sort Key (93:06)
Lab Activity - Park Document, Recurring Document, and Translation
Lab Activity - Park Document, GL Tolerances, and Sort Key
Quiz

Session 7 - Foreign Currency Revaluation

Session Video - Foreign Currency Revaluation (120:44)
Lab Activity - Foreign Currency Revaluation
Quiz

Session 8 - APP

Session Video - APP (108:40)
Lab Activity - Automatic Payment Program (APP)
Quiz

Session 9 - Intercompany Postings & Automatic Payment Program

Session Video - Intercompany Postings & Automatic Payment Program (73:45)
Lab Activity - Intercompany Postings & Automatic Payment
Quiz

Session 10 - App Execution

Session Video - App Execution (120:21)
Lab Activity - Automatic Payment Program (APP) Execution
Quiz

Session 11 - Check Payments

Session Video - Check Payments (125:37)
Lab Activity - Check Payments
Quiz

Session 12 - Electronic Bank Transfer

Session Video - Electronic Bank Transfer (108:12)
Lab Activity - Electronic Bank Transfer
Quiz

Session 13 - Cash Journal

Session Video - Cash Journal (104:36)
Lab Activity - Cash Journal
Quiz

Session 14 - Integration of FI with MM Configuration

Session Video - Integration of FI with MM Configuration (93:30)
Lab Activity - Integration of FI with MM Configuration
Quiz

Session 13 - Integration of FI with MM postings

Session Video - Integration of FI with MM Postings (116:10)
Lab Activity - Integration of FI with MM Postings
Quiz

Session 14 - Planned and Unplanned Delivered Costs - Scenarios

Session Video - Planned and Unplanned Delivered Costs - Scenarios (83:32)
Lab Activity - Planned and Unplanned Delivered Costs – Scenarios
Quiz

Session 15 - Integration of FI with SD configuration

Session Video - Integration of FI with SD configuration (79:34)
Lab Activity - Integration of FI with SD Configuration
Quiz

Session 16 - Integration of FI with SD postings (Billing using CoPA)

Session Video - Integration of FI with SD postings (Billing using CoPA) (71:26)
Lab Activity - Integration of FI with SD Postings
Quiz

Session 17 - COPA with SD

Session Video - COPA with SD (77:40)
Lab Activity - COPA with SD
Quiz

Session 18 - Product Costing

Session 21 - Product Costing (Part A) (90:37)
Session 22 - Product Costing (Part B) (58:35)
Lab Activity - Product Costing
Quiz

Session 19 - Internal Orders

Session Video - Internal Orders (97:40)
Lab Activity - Internal Orders
Quiz

Session 20 - Period End Closing

Session Video - Period End Closing (83:04)
Lab Activity - Period End Closing
Quiz

Session 21 - iDocs, Data Migration

Session Video - iDocs, Data Migration (104:35)
Lab Activity - iDocs, Data Migration
Quiz

Session 22 - Mass Changes

Session Video - Mass Changes (76:40)
Lab Activity - Mass Changes
Quiz

Session 23 - Integration

Session Video - Integration (77:39)
Lab Activity - Integration
Quiz

Session 24 - Applying Delivery Cost

Session Video - Applying Delivery Cost (75:51)
Lab Activity - Applying Delivery Cost
Quiz

Session 25 - EBS Scenarious

Session Video - EBS Scenarios (70:10)
Lab Activity - EBS Scenarios
Quiz

Session 26 - Transporting of Tax codes and Payment method supplement

Session Video - Transporting of Tax codes and Payment method supplement (73:56)
Lab Activity - Transporting Tax Codes and Payment Method Supplements
Quiz

Session 27 - Supplement Scenario & Partial Payment

Session Video - Supplement Scenario and Blank Currency Config and Scenario (76:43)
Session Video - Partial payment using F110 Config and Scenario (65:54)
Lab Activity - Supplement Scenario and Blank Currency Configuration and Scenario
Quiz

Session 28 - Asset Accounting

Session Video - Asset Accounting (101:40)
Lab Activity - Asset Accounting
Quiz

Session 29 - Withholding Tax

Session Video - Withholding Tax (69:36)
Lab Activity - Withholding Tax Processing
Quiz

Session 30 - Postings in Asset Accounting

Session Video - Postings in Asset Accounting (74:54)
Lab Activity - Postings in Asset Accounting
Quiz

Session 31 - Transaction in Asset Accounting

Session Video - Transactions in Asset Accounting (106:35)
Lab Activity - Transactions in Asset Accounting
Quiz

Session 32 - Retained Earning Account

Session Video - Retained Earning Account (62:50)
Lab Activity - Retained Earnings Account
Quiz

Assignments

Assignment - Introduction to SAP R/3
Assignment - Financial Accounting Basic Settings
Assignment - General Ledger Accounting
Assignment - Accounts Payable
Assignment - Accounts Receivable
Assignment - Configuration of Asset Management
Assignment - Period-end activities
Assignment - Configuration of Bank Accounting in SAP FICO
Assignment - New GL
Assignment - BDC
Assignment - LSMW
Assignment - Financial Statement Versions (FSV)
Assignment - Controlling
Assignment - Cost Element Accounting
Assignment - Cost Center Accounting
Assignment - Period-end activities
Assignment - Internal Orders
Assignment - Profit Center Accounting
Assignment - Product Cost Planning
Assignment - Profitability Analysis
Assignment - Integration of MM with FICO
Assignment - Integration of SD with FICO

Assessments

Assessment - Introduction to SAP R3
Assessment - Basics of Financial Accounting
Assessment - Waterfall Methodology, ASAP, Real Time Documents
Assessment - Accruals, Sample, Hold, Park and Copying Document, Interest Calculations
Assessment - Basics of Integration of FI with MM and SD
Assessment - Manual Check Payments, Intercompany Payments. Account Receivables -Settings, Postings, Cash Discounts, Special GL and Tables, Reports
Assessment - Automatic Clearing on GRIR, Controlling Settings, Cost Element Accounting & Cost Center Accounting & RM Consumption
Assessment - Integration of FI with SD, COPA Document from SD
Assessment - COPA Document from FI & Report Painter. Internal orders
Assessment - Validations & Substitutions with Sets, Idocs
Assessment - Asset Accounting Configuration
Assessment - Financial Accounting Basic Settings
Assessment - General Ledger Accounting
Assessment - Accounts Payable
Assessment - Accounts Receivable
Assessment - Configuration of Asset Management
Assessment - Period-End Activities
Assessment - Bank Accounting Configuration in SAP FICO
Assessment - New GL
Assessment - BDC
Assessment - LSMW
Assessment - FSV
Assessment - Controlling
Assessment - Cost Element Accounting
Assessment - Cost Center Accounting
Assessment - Period-End Activities
Assessment - Internal Orders
Assessment - Profit Center Accounting
Assessment - Product Cost Planning
Assessment - Profitability analysis
Assessment - Integration of MM with FICO
Assessment - Integration of SD with FICO

Reference Materials - Basic Settings in SAP FICO

Creation of Company
Define Company Code
Assign Company Code to Company OX16 and Define Business Area
Fiscal Year Variant
Chart of Accounts
Assign Company Code to Chart of Accounts - T Code - OB62
Define Account Groups - TCode - OBD4 and Define Retained Earnings Account TCode OB53
Posting Period Variant
Document Types and Number Ranges
Field Status Variant
Definition of Field Status Variant and Assign Company Code to Field Status Variant
Tolerance Group of GL Accounts
Defining Tolerance Group for GL Accounts, Employees and Assign Users to Tolerance Groups
Global Parameters

Reference Materials - General Ledger

Creation of GL Master
Creation of Cash Account and Surplus in P_L Account
Creation of Salaries Account
Configuration for New General Ledger Accounting
Posting Transactions
Display of Posted Document
Parking of a Document
Deletion of Parked Document
Hold Documents
Sample Documents (Step 1 to 3)
Sample Documents (Step 4 to 6)
Recurring Documents (Step 1 to 5)
Recurring Documents (Step 6 to 8)
Foreign Currency Postings (Step 1 and 2)
Foreign Currency Posting (Step 3 and 4)
Procedure to assign default exchange rate type to document type T.CODE OBA7
Interest Calculation
Define Interest Calculation Types (Step 1 and 2)
Define Interest Calculation Types - Calendar Types (Step 3 to 6)
Creation of Term Loan Account
Assignment of Accounts for Automatic Postings
Term Loan Receipt - T.Code – F-02
Term Loan Installment Payment
Post the documents by executing batch input and verify the term loan account balance
Reversals
Accrual Deferral Documents (Step 1 and 2)
Accrual Deferral Documents (Step 3 and 6)

Reference Materials - Accounts Payable

Advance Payment Posting
Advance Payments (Down Payments)
Assign Payment Method in Vendor Account
Automatic Payment Program
Check Party Ac
Check the Vendor Line item display
Correspondence Party Statement of Account
Creation of GL Ac – Bank Ac
Creation of Vendor Account Groups
Execution of Automatic Payment Program
House Banks
Manual Check Updation
Other Relevant Transaction Codes for Vendor Master Records
Part Payments
Posting of Purchase Invoice
Purchase Invoice Posting
Purchase Returns (Vendor Credit Memo)
Residual Payment Method
Set Up All Company Codes for Payment Transactions
Spool
To See Checks To Execute the Printing Check
Tolerance Groups for Vendors

Reference Materials - Accounts Receivable

Advance Payments (Down Payments)
Assign Number Ranges to Customer Account Groups & Creation of Sales account
Associate Sundry Debtors Ac with Advance from Customers AC
Check Customer Line Item Display
Check Party AC
Check Party Account
Check the Customer Line Item Display
Creation of Customer Master Record
Creation of Sundry Debtors Ac
Define Dunning Procedures
Define Types and Number Ranges
Display Customer Line Items
Display the Line Items of Customer
Dunning
Execution of Dunning Program
Journal Entries In Accounts Receivables
Notes - Posting of Remaining Amount Received
Notes Items
Notes
Part Payments
Posting of Incoming Payment
Posting of Sales Invoice
Residual Payment Method
Sale Invoice Posting

Reference Materials - Controlling

Distribution of Overheads
Periodic Postings
Statistical Key Figures
Using the Statistical Key Figures in Assessment of Overheads
Actual Overhead Assessment
Creation of Cost Center Standard Hierarchy
Creation of Cost Element from FI
Maintain Controlling Area
Creation of Assessment Cycle
Creation of Cost Centers
Creation of Cost Element from CO
Maintaining Number ranges for Controlling documents
Enter Statistical Key Figures
Periodic Postings
Using The Statistical Key Figures in Assessment of Overheads
Automatic Generation of Cost Elements, Create Batch Input Session, Execute batch input session.
Creation of Cost Center Groups, Posting of Transactions in FI – T. Code F-02
Execution of Assessment Cycle
Maintain Versions
Create Distribution Cycle
Execute Distribution Cycle, To see the values in the target cost centers after distribution. T. Code KSB1
Periodic Postings
To View the Documents in Controlling, To View Cost Center-Wise Reports, Repost Line Items (To repost one document)
Maintenance of Field Status Group for making Cost Center mandatory
Repost Costs (To repost multiple Documents)
Mass Maintenance of GL Account Master Records

Reference Materials - Internal Order Accounting

Configuration for Real Internal Orders
Creation of Order Types
Creation of Field Status Group Making ‘Internal Order’ Mandatory
Creation of field status group making cost enter and internal order mandatory
Change the New Field Status Group in Salaries AC and Rent ac T. Code FS00
Creation of GL account
Creation of Internal Order Master Records
Maintain Settlement Profiles T. Code OKO7
Posting of Transactions in FI
Maintain Number Ranges for Settlement Documents
To To See Internal Order Wise Report
Creation of Order Type. T. Code. KOT2_FUNCAREA
Repost line items (reposting one document)
Define Number Ranges for the Controlling Activity “KOAO” Actual Settlement
Repost costs (reposting multiple documents in a cost center)
Creation of Internal Order Master Record. T. Code – KO01
To See the Report T. Code – KOB1
Planning Internal Order Wise
Post the Transaction for “Salaries ac and Rent ac” in FI. T. Code F-02
Display the Internal Order Report
Execution of Settlement
Display Cost Center Reports

Reference Materials - Asset Accounting

Copy reference chart of depreciation _ Creation of 0_ tax codes for sales and purchase
Assign tax codes for non taxable transactions, Assign chart of depreciation to company code _ Specify account determination
Create screen lay out rules, Define number ranges intervals for asset master records, Creation of asset classes
Creation of GL accounts T. Code FS00
Assignment of Accounts for Automatic postings
Define multilevel Methods
Maintain period control methods, Maintain depreciation key
Determine the depreciation areas in the asset class
Specify document type for posting depreciation _ Specify intervals and posting rules
Specify rounding off net book value and or depreciation, Define screen layout for asset master data, Define screen layout for asset
Asset Explorer
Depreciation run

Reference Materials - Profit Center Accounting

Set Controlling Area, Maintain Controlling Area Settings
Creation of Dummy Profit Center
Set Control Parameters for Actual Data
Maintain Plan Versions
Creation of Profit Centers
Assignment of Profit Center in the Cost Center (For identification of expenses)
Creation of Revenue Element for Sales, Maintain Automatic Account Assignment of Revenue Elements
Choose Accounts for Balance Sheet, Creation of AC Groups for Planning
Planning for P_L items
Planning for Balance Sheet Items
Post Transactions Covering P_L Items and BS Items, To View the Report Showing Plan Actual Variance Profit Center Wise, for BS

Reference Materials from Trainer

Capstone Projects / Case Studies - SAP FICO

Case Study 1 - Configuring a new Chart of Accounts, Defining Cost Elements, and Setting up Financial Statement Versions
Case Study 2 - Configuring Financial Accounting Processes within SAP
Case Study 3 - Configuring Financial Accounting Settings
Capstone Project - SAP FICO - Brownfield Implementation of SAP S4HANA Finance for Nutrapharma
Capstone Project - SAP FICO - Global Rollout of Shared Services Center for Finance _ Accounting
Capstone Project - SAP FICO - Integrated Financials Implementation for Nutranuts Company
Capstone Project - SAP FICO - SAP S4HANA Finance Implementation for Agrotech Inc.

Configuration Guides (Downloaded from the Internet as it is available for Public Use)

Configuration Guide - SAP FICO Transaction Codes by Venkata Sreekanth
Configuration Guide - SAP FICO Configurations by V. Parameswar Reddy
SAP FICO - Important Tables
Configuration Guide - SAP FI Accounts Receivable and Accounts Payable
Configuration Guide - SAP ERP Financials and FICO Handbook
Configuration Guide - SAP FICO
Configuration Guide - Quick Guide for SAP Finance and Controlling
Configuration Guide - SAP FICO and MM Config Document Pavith
Configuration Guide - SAP FICO Configuration Guide
Configuration Guide - SAP FICO Total Configuration
Configuration Guide - Yet Another SAP FICO Configuration Guide
Configuring SAP® ERP Financials and Controlling - Peter Jones and John Burger
Configuration Guide - Communication between SAP GTS, EDI Converter, and Customs Authorities

SAP FICO - Interview Questions and Answers

SAP FI/CO Interview Questions, Answers, and Explanations - Stuart Lee
FICO Interview Questions Set 1
FICO Interview Questions Set 2
FICO Interview Questions Set 3
FICO Interview Questions Set 4
FICO Interview Questions Set 5
FICO Interview Questions Set 6
FICO Interview Questions Set 7
FICO Interview Questions Set 8
FICO Interview Questions Set 9
FICO Interview Questions Set 10
FICO Interview Questions Set 11
FICO Interview Questions Set 12
FICO Interview Questions Set 13
FICO Interview Questions Set 14
FICO Interview Questions Set 15
FICO Interview Questions Set 16
Interview Questions - SAP FICO - Accounts Payable
Interview Questions - SAP FICO - Accounts Receivable
Interview Questions - SAP FICO - Consolidated
Interview Questions - SAP FICO - Consolidated
Interview Questions - SAP FICO - Controlling
Interview Questions - SAP FICO - Document Postings
Interview Questions - SAP FICO - Fixed Assets
Interview Questions - SAP FICO - General Ledger
Interview Questions - SAP FICO - Org Structure and Module Integration
Interview Questions - SAP FICO - Table and Transaction Code Reference

Certification MCQ's

C_TFIN52_67 - SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EhP7 (160 Questions)
C_TFIN22_67 - SAP Certified Application Associate - Management Accounting with SAP ERP 6.0 EhP7 (253 Questions)

Handbook (Download from internet as available for Public use)

SAP FICO Trouble shooting Handbook - sapficoconsultant.com

SAP FICO - Project material

SAP FICO (Financial Accounting & Controlling) Book

User Guides (Downloaded from the Internet as it is available for Public Use)

SAP_FICO_USER_GUIDE - Jayachandran.KS

Interview Questions

Interview Questions - Set 1
Interview Questions - Set 2
Interview Questions - Set 3
Interview Questions - Set 4
Interview Questions - Set 5

Prepare your Linkedin profile

Linkedin Cheat Sheet

Prepare your Resume

Resume Cheat sheet

Final Quiz

Test Your Knowledge

Teach online with

Creation of GL Master

Reference Material - General Ledger - 1. Creation of GL Master.pdf

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