Glossary of Terms
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[EBOOK] SAP FICO - Career Growth for SAP FICO Consultant
Session 1 - Initial Setup of Financial Accounting
Session 2 - Defining Company and Credit Structures
Session 3 - General Ledger Accounts and Postings
Session 4 - Recording Entries and Managing Transactions
Session 5 - Setting Up Accounts Payable Framework
Session 6 - Vendor Data and Payment Conditions
Session 7 - House Bank and Core Accounting Setup
Session 8 - Bank Statements Processing and Lockbox Use
Session 9 - Defining Tax Rules and Calculation Logic
Session 10 - Asset Ledger and Depreciation Rules
Session 11 - Asset Classes with Depreciation Methods
Session 12 - Asset Lifecycle Transactions Handling
Session 13 - Consolidated Review and Open Q&A
Session 14 - Activating Features of New General Ledger
Session 15 - Real-Time Posting and Splitting in Ledgers
Session 16 - Review of Configurations and Key Insights
Session 17 - Structuring Organization and Ledger Basics
Session 18 - Fiscal Year Variants with Ledger Setup
Session 19 - Advanced Ledger Functions and Reporting
Session 20 - Posting Rules with Open Item Controls
Session 21 - Extended Options in Ledger Management
Session 22 - Creating Controlling Area and Cost Centres
Session 23 - Defining Fiscal Year and Company Parameters
Session 24 - Chart of Accounts with GL Master Records
Session 25 - Defining Customer Groups and Data
Session 26 - Vendor Groups and Data Maintenance
Session 27 - Assigning Vendor Ranges and Payment Terms
Session 28 - Configuring Automatic Payment Program
Session 29 - Asset Structures and Depreciation Keys
Session 30 - Document Lifecycle from Entry to Reports
Session 31 - FBZP Settings for Outgoing Payments
Session 32 - Running Automatic Payments via F110
Session 33 - Introduction to LSMW for Data Upload
Session 34 - Recording and Executing LSMW Projects
Session 35 - SAP Dunning Process and Execution Steps
Session 36 - Product Cost Planning Concepts and Setup
Session 37 - Basics of Profit Center Accounting
Session 38 - Setting Up Controlling and Cost Elements
Session 39 - Cost Centre Allocations and Activity Planning
Session 40 - Configuring Profit Centre Transactions
Session 41 - Profitability Analysis with Internal Orders
Session 42 - SD Integration with FICO and Financial Statement Structuring
Session 43 - Q&A
Session 1 - Project Plan
Session 2 - Organization Structure
Session 3 - Financial Accounting Basics and Organization Structure
Session 4 - Organization Structure
Session 5 - GL Postings
Session 6 - Park Doc, Recurring Doc, Translation
Session 7 - Foreign Currency Revaluation
Session 9 - Intercompany Postings & Automatic Payment Program
Session 10 - App Execution
Session 11 - Check Payments
Session 12 - Electronic Bank Transfer
Session 13 - Cash Journal
Session 14 - Integration of FI with MM Configuration
Session 13 - Integration of FI with MM postings
Session 14 - Planned and Unplanned Delivered Costs - Scenarios
Session 15 - Integration of FI with SD configuration
Session 16 - Integration of FI with SD postings (Billing using CoPA)
Session 17 - COPA with SD
Session 18 - Product Costing
Session 19 - Internal Orders
Session 20 - Period End Closing
Session 21 - iDocs, Data Migration
Session 22 - Mass Changes
Session 23 - Integration
Session 24 - Applying Delivery Cost
Session 25 - EBS Scenarious
Session 26 - Transporting of Tax codes and Payment method supplement
Session 27 - Supplement Scenario & Partial Payment
Session 28 - Asset Accounting
Session 29 - Withholding Tax
Session 30 - Postings in Asset Accounting
Session 31 - Transaction in Asset Accounting
Session 32 - Retained Earning Account
Additional Videos
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Session Video - Demo - Start your career in SAP FICO (56:11)
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Session Video - Intro - Start your career in SAP FICO (35:27)
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Session Video - Financial Accounting Basic Settings - Part 1 (52:38)
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Session Video - Financial Accounting Basic Settings - Part 2 (64:50)
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Session Video - General Ledger Accounting - Part 1 (64:53)
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Session Video - General Ledger Accounting - Part 2 (57:44)
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Session Video - Accounts Payable - Part 1 (66:32)
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Session Video - Accounts Payable - Part 2 (58:00)
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Session Video - Accounting Configuration in SAP FICO - Part 1 (63:34)
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Session Video - Accounting Configuration in SAP FICO - Part 2 (71:56)
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Session Video - SAP Tax Configuration (57:20)
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Session Video - Configuration of Asset Management - Part 1 (41:29)
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Session Video - Configuration of Asset Management - Part 2 (61:43)
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Session Video - Configuration of Asset Management - Part 3 (52:51)
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Session Video - Review of Previous Sessions, Q&A (23:29)
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Session Video - New GL - Activation Concept - Part 1 (58:12)
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Session Video - New GL - Activation Concept - Part 2 (45:35)
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Session Video - General Review of Configurations (65:07)
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Session Video - Configuration of Organizational Structure and General Ledger - Part 1 (53:51)
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Session Video - Configuration of Organizational Structure and General Ledger - Part 2 (60:35)
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Session Video - Configuration of Organizational Structure and General Ledger - Part 3 (56:48)
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Session Video - Configuration of Organizational Structure and General Ledger - Part 4 (56:55)
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Session Video - Configuration of Organizational Structure and General Ledger - Part 5 (31:47)
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Session Video - Configuration General Ledger - Part 1 (38:05)
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Session Video - Configuration General Ledger - Part 2 (47:52)
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Session Video - Configuration General Ledger - Part 3 (27:08)
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Session Video - Configuration Customers (40:05)
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Session Video - Configuration Vendor - Part 1 (35:12)
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Session Video - Configuration Vendor - Part 2 (28:10)
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Session Video - Asset Configuration - Part 1 (28:52)
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Session Video - Asset Configuration - Part 2 (21:25)
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Session Video - Document Entries GL AR AP (28:05)
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Session Video - FBZP Configuration and Testing (22:35)
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Session Video - FBZP Configuration and F110 Testing for Automatic Payments (25:48)
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Session Video - Legacy System Migration Workbench (LSMW) - Part 1 (41:49)
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Session Video - Legacy System Migration Workbench (LSMW) - Part 2 (23:21)
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Session Video - Dunning Configuration and End-User Execution (F150) (64:29)
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Session Video - Product Cost Planning (60:09)
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Session Video - Profit Center Accounting - Part 1 (41:20)
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Session Video - Profit Center Accounting - Part 2 (55:02)
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Session Video - Controlling Configuration - Part 1 (40:45)
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Session Video - Controlling Configuration - Part 2 (52:55)
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Session Video - Profitability Analysis and Internal Order Management (48:05)
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Session Video - SD Integration and Financial Statement Version (FSV) (43:13)
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Session Video - SAP FICO - Q&A Session (24:12)
Assessments
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Assessment - 1. Introduction to SAP R3
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Assessment - 2. Financial Accounting Basic Settings
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Assessment - 3. General Ledger Accounting
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Assessment - 4. Accounts Payable
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Assessment - 5. Accounts Receivable
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Assessment - 6. Bank Accounting Configuration in SAP FICO
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Assessment - 7. Configuration of Asset Management
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Assessment - 8. Period-End Activities
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Assessment - 9. New GL
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Assessment - 10. BDC
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Assessment - 11. LSMW
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Assessment - 12. FSV
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Assessment - 13. Controlling
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Assessment - 14. Cost Element Accounting
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Assessment - 15. Cost Center Accounting
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Assessment - 16. Internal Orders
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Assessment - 17. Profit Center Accounting
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Assessment - 18. Product Cost Planning
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Assessment - 19. Profitability analysis
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Assessment - 20. Integration of MM with FICO
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Assessment - 21. Integration of SD with FICO
Assignments
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Assignment - 1. Introduction to SAP R3
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Assignment - 2. Financial Accounting Basic Settings
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Assignment - 3. General Ledger Accounting
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Assignment - 4. Accounts Payable
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Assignment - 5. Accounts Receivable
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Assignment - 6. Bank Accounting Configuration in SAP FICO
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Assignment - 7. Configuration of Asset Management
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Assignment - 8. Period-End Activities
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Assignment - 9. New GL
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Assignment - 10. BDC
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Assignment - 11. LSMW
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Assignment - 12. FSV
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Assignment - 13. Controlling
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Assignment - 14. Cost Element Accounting
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Assignment - 15. Cost Center Accounting
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Assignment - 16. Internal Orders
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Assignment - 17. Profit Center Accounting
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Assignment - 18. Product Cost Planning
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Assignment - 19. Profitability analysis
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Assignment - 20. Integration of MM with FICO
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Assignment - 21. Integration of SD with FICO
Lab Activity - Accounts Receivable
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1. Advance Payments (Down Payments)
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2. Assign Number Ranges to Customer Account Groups & Creation of Sales ac
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3. Associate Sundry Debtors Ac with Advance from Customers AC
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4. Check Customer Line Item Display
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5. Check Party a/c
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6. Check Party Account
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7. Check the Customer Line Item Display
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8. Creation of Customer Master Record
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9. Creation of Sundry Debtors Ac
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10. Define Dunning Procedures
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11. Define Types and Number Ranges
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12. Display Customer Line Items
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13. Display the Line Items of Customer
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14. Dunning
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15. Execution of Dunning Program
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16. Journal Entries In Accounts Receivables
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17. Notes - Posting of Remaining Amount Received
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18. Notes Items
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19. Notes
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20. Part Payments
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21. Posting of Incoming Payment
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22. Posting of Sales Invoice
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23. Residual Payment Method
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24. Sale Invoice Posting
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25. Step 1 & Step 2
Lab Activity - Accounts Payable
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1. Advance Payment Posting
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2. Advance Payments (Down Payments)
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3. Assign Payment Method in Vendor Account
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4. Automatic Payment Program
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5. Check Party Ac
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6. Check the Vendor Line item display
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7. Correspondence Party Statement of Account
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8. Creation of GL Ac – Bank Ac
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9. Creation of Vendor Account Groups
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10. Execution of Automatic Payment Program
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11. House Banks
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12. Manual Check Updation
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13. Other Relevant Transaction Codes for Vendor Master Records
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14. Accounts Payable - Part Payments
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15. Posting of Purchase Invoice
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16. Purchase Invoice Posting
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17. Purchase Returns (Vendor Credit Memo
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18. Residual Payment Method
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19. Set Up All Company Codes for Payment Transactions
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20. Spool
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21. To See Checks To Execute the Printing Check
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22. Tolerance Groups for Vendors
Lab Activity - Basic Settings in SAP FICO
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1. Assign Company Code to Chart of Accounts - T Code - OB62
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2. Assign Company Code to Company OX16 and Define Business Area
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3. Chart of Accounts
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4. Creation of Company
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5. Define Account Groups - TCode - OBD4 and Define Retained Earnings Account TCode OB53
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6. Define Company Code
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7. Defining Tolerance Group for GL Accounts, Employees and Assign Users to Tolerance Groups
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8. Definition of Field Status Variant and Assign Company Code to Field Status Variant
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9. Document Types and Number Ranges
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10. Field Status Variant
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11. Fiscal Year Variant
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12. Global Parameters
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13. Posting Period Variant
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14. Tolerance Group of GL Accounts
Lab Activity - Controlling
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1. Actual Overhead Assessment
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2. Automatic Generation of Cost Elements, Create Batch Input Session, Execute batch input session_
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3. Create Distribution Cycle
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4. Creation of Assessment Cycle
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5. Creation of Cost Center Groups, Posting of Transactions in FI – T. Code F-02
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6. Creation of Cost Center Standard Hierarchy
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7. Creation of Cost centers
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8. Creation of Cost Element from CO
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9. Creation of Cost Element from FI
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10. Distribution of Overheads
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11. Enter Statistical Key Figures
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12. Execute Distribution Cycle, To see the values in the target cost centers after distribution. T. Code KSB1
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13. Execution of Assessment Cycle
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14. Maintain Controlling Area
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15. Maintain Versions
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16. Maintaining Number ranges for Controlling documents
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17. Maintenance of Field Status Group for making Cost Center mandatory
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18. Mass Maintenance of GL Account Master Records
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19. Periodic Postings
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20. Periodic Postings (2)
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21. Periodic Postings (3)
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22. Repost Costs (To repost multiple Documents)
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23. Statistical Key Figures
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24. To View the Documents in Controlling, To View Cost Center-Wise Reports, Repost Line Items (To repost one
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25. Using The Statistical Key Figures in Assessment of Overheads
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26. Using The Statistical Key Figures in Assessment of Overheads (2)
Lab Activity - FSV
Lab Activity - General Ledger
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1. Accrual Deferral Documents (Step 1 and 2)
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2. Accrual Deferral Documents (Step 3 and 6)
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3. Assignment of Accounts for Automatic Postings
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4. Assignment of Accounts for Automatic Postings (1)
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5. Configuration for New General Ledger Accounting
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6. Creation of Cash Account and Surplus in P&L Account
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7. Creation of GL Master
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8. Creation of Salaries Account
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9. Creation of Term Loan Account
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10. Define Interest Calculation Types (Step 1 and 2)
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11. Calendar Types (Step 3 to 6)
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12. Deletion of Parked Document
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13. Display of Posted Document
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14. Foreign Currency Postings (Step 1 and 2)
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15. Foreign Currency Posting (Step 3 and 4)
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16. Hold Documents
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17. Interest Calculation
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18. Parking of a Document
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19. Post the documents by executing batch input and verify the term loan account balance
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20. Posting Transactions
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21. Procedure to assign default exchange rate type to document type T.CODE OBA7
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22. Recurring Documents (Step 1 to 5)
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23. Recurring Documents (Step 6 to 8)
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24. Reversals
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25. Sample Documents (Step 1 to 3)
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26. Sample Documents (Step 4 to 6)
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27. Term Loan Installment Payment
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28. Term Loan Receipt - T.Code – F-02
Lab Activity - GL Bank Interest Calculation
Lab Activity - Integration of FI-MM
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1. Consolidated - Integration of FI-MM
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2. Assign Purchase Organization to Company Code, Assign Purchase Organization to Plant,Creation of Plant Parameters
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3. Assignment of Accounts for automatic postings (Integration)
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4. Creating Material Master Record
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5. Creation of GL account’s in FI
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6. Creation of Goods Receipt
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7. Creation of GRIR Clearing Account
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8. Creation of Number Ranges
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9. Creation of purchase order
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10. Creation of Raw material consumption Account
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11. Creation of Vendor Master Record
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12. Define Create Plant
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13. Define Create Storage location
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14. Goods issue to Production
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15. Invoice Verification
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16. Maintain Plant Parameters for Invent
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17. Maintain Posting Periods for Material Management, Valuation Grouping Code,Purchase Order Tolerance Group
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18. Maintain Purchase Organization, Assignment of Plant to Company Code
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19. Purchase Order Tolerance Group, GR Toler
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20. Prerequisites 1 & 2
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21. Prerequisites 3, 4 & 5
Lab Activity - Internal Order Accounting
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1. Consolidated - Internal Order Accounting
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2. Change the New Field Status Group in Salaries AC and Rent ac T. Code FS00
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3. Configuration for Real Internal Orders
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4. Creation of field status group making cost enter and internal order mandatory
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5. Creation of Field Status Group Making ‘Internal Order’ Mandatory
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6. Creation of GL account
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7. Creation of Internal Order Master Record. T. Code – KO01
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8. Creation of Internal Order Master Records
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9. Creation of Order Type. T. Code. KOT2_FUNCAREA
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10. Creation of Order Types
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11. Define Number Ranges for the Controlling Activity “KOAO” Actual Settlement
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12. Display Cost Center Reports
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13. Display the Internal Order Report
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14. Execution of Settlement
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15. Maintain Number Ranges for Settlement Documents
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16. Maintain Settlement Profiles T. Code OKO7
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17. Planning Internal Order Wise
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18. Post the Transaction for “Salaries ac and Rent ac” in FI. T. Code F-02
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19. Posting of Transactions in FI
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20. Repost costs (reposting multiple documents in a cost center)
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21. Repost line items (reposting one document)
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22. To See Internal Order Wise Report
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23. To See the Report T. Code – KOB1
Lab Activity - New General Ledger
Lab Activity - Profit Center Accounting
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1. Consolidated - Profit Center Accounting
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2. Assignment of Profit Center in the Cost Center (For identification of expenses)
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3. Choose Accounts for Balance Sheet, Creation of AC Groups for Planning
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4. Creation of Dummy Profit Center
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5. Creation of Profit Centers
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6. Creation of Revenue Element for Sales, Maintain Automatic Account Assignment of - Copy
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7. Maintain Plan Versions
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8. Planning for Balance Sheet Items
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9. Planning for P&L items
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10. Post Transactions Covering P&L Items and BS Items, To View the Report Showing Plan Actual Variance Profit Center Wise, for BS
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11. Set Controlling Area, Maintain Controlling Area Settings
Lab Activity - Profitability Analysis
Lab Activity - Sales Tax and With Holding Tax
Lab Activity - SAP VAT
User Guides (Downloaded from the Internet as it is available for Public Use)
Certification MCQ's
Capstone Projects / Case Studies
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Capstone Project - 1. Brownfield Implementation of SAP S4HANA Finance from ECC
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Capstone Project - 2. End-to-End Financial Accounting Process Configuration
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Capstone Project - 3. Global Rollout of Shared Services Center for Finance
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Capstone Project - 4. Implementation of SAP FICO for a Manufacturing Company
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Capstone Project - 5. SAP FICO Support and Upgrade Project
Interview Questions
Sample Resumes
Prepare your Linkedin profile
Prepare your Resume
Final Quiz
