FI/CO COURSE CONTENTS

ADVANCE FI-CO COURSE CURRICULUM


FI/CO CONFIGURATION

SAP FI/CO CONFIGURATION

FI Module

GL configuration

 Company Code configuration

 Standard Line item text configuration

 Complete GL configuration which includes defining chart of accounts, defining retained earnings account, creation of GL account, deletion of GL account

 Validation & Substitution

 Parallel currencies configuration

 Taxes on Sales Purchase configuration

 GL Automatic clearing configuration

 Foreign currency valuation configuration

 GR/IR Regrouping configuration

 Financial Statement version configuration (Creating Balance sheet and Profit and Loss account)

 FI - MM account determination configuration

 FI - SD account determination configuration

New GL Structure configuration

 Define Ledgers for GL

 Define Currencies for Leading Ledger

 Define and Activate Non-Leading Ledger

 Assign Scenarios and Customer Fields to Ledgers

 Define Ledger Group

 Activate New GL Accounting

 Define Accounting principles and assign to ledger groups

 Define Variants for Real-time integration and assign to company code

 Define document number ranges for GL view (posting only to specific Ledger)

 Define document types for posting only to non leading ledgers

 Configuring document splitting

 Assigning Default profit center to accounts

 Define Worklist for exchange rate entry

 Assign Exchange rate to worklist

 Configuring Assessment and distribution in New GL

 Deactivate update of Classic GL

Cost of Sales Accounting configuration

Cost of Sales accounting needs to be implemented in a manner which makes it more powerful to reconcile the FI and CO module and enable to do a fast close of month end activities.

This functionality needs to be implemented to find out balance on the following:-

 Process/Production orders not settled.

 Networks/WBS not settled

 Internal orders not settled.

 Plant Maintenance orders not settled.

The document also covers how to create a report for cost of sales accounting.

Bank Configuration

 FI - SD account determination configuration

 Define House Banks

 Electronic and Manual Bank statement configuration

 Check Deposit configuration

 Configuring Cash Journal

Accounts Receivable and Accounts Payable configuration

 Define Account Groups for Customers and Vendors

 Define Accounting clerk

 Delete Customer and Vendor Master data

 Configuring Payment terms

 Configuring various automatic account determination

 Defining Tolerances

 Configuring Automatic Payment Program

 Special GL configuration for down payments from customer and vendors

 Configuring regrouping of Customers and vendors according to remaining terms of receivables and payables

 Dunning

 Configuring calculation of Interest on arrears

Asset Configuration

 Copying Chart of Depreciation

 Define Asset Classes

 Configuring account determination for Assets (Integration of Asset with GL)

 Deactivate Asset class for Chart of depreciation

 Configuring posting of depreciation

 Configuring the depreciation key

 Configuring asset classes for group assets

 Define/Assign Settlement profile

 Legacy Asset data transfer

Asset Configuration (based on New GL)

With the introduction of New GL structure there is no longer a need

to maintain different GL codes for different depreciation areas. The only

requirement is to maintain for each reporting 2 additional depreciation

areas i.e. one real depreciation area and second derived depreciation

 Configure Depreciation as above

 Assign target ledger group to the respective depreciation areas

 Wizard to set up Parallel Valuation.

Special Purpose Ledger configuration

 Define Table Group

 Maintain Fiscal Year Variant

 Maintain Ledgers

 Maintain Local Posting Periods

 Maintain Actual Versions

 Maintain Valid Document types

 Maintain local number ranges

 Perform Diagnosis

 Entering an FI-SL document

 Define Libraries

 Define Report Painter Reports

CO Module

Cost Center Configuration

 Configuring the Controlling area

 Maintaining versions in Controlling area

 Configuring multiple valuation approaches/ Transfer prices

 Cost element accounting set up

 Reconciliation ledger configuration

 Setting Cost center Hierarchy, cost center master data, activity types

 Cost center planning which includes creating planner profile, creating planning layout

 Configuring various cycles such as Distribution. Assessment, Indirect Activity allocation

 Configuring Splitting structure

 Configuring Automatic account assignment (OKB9)

Profit Center Configuration

 Maintain the profit center settings for Controlling area

 Creation of dummy profit center

 Creation of Standard hierarchy and creation of profit center master

 Configuring the transfer price settings

 Profit center planning configuration

 Configuring Distribution and Assessment cycle

 Configuring the 3KEH table (Balance sheet and profit and loss accounts)

Profitability Analysis Configuration

 Creating Characteristics and value fields

 Configuring the Operating concern

 Copying an Operating concern from an existing operating concern

 Maintain Characteristic values, defining characteristics hierarchy

 Defining Characteristic derivation

 Defining keys for accessing material cost estimate and assigning costing key to characteristics

 Planning configuration

 Maintaining value field groups

 Configuration for value flow from SD to PA

 Configuration for value flow form FI to PA

 Configuration for settlement of Product costing variance to PA

 Creation of Profitability report

 Transporting customizing settings

Product Costing Configuration

 Configuring the Costing sheet for calculating overhead

 Configuring the Cost component structure

 Configuring the costing variant

 Configuration for mixed costing

 Configuration for joint product

 Configuration for Work in Process calculation

 Configuration for Variance calculation

 Configuration for settlement of variance

 Configuration for Product cost by period - product cost collector and setting up of variance calculation and settlement of variance

 Configuration for Product cost by sales order

Actual Costing & Material Ledger Configuration

 Configuring Material Ledger for Plants

 Configuring dynamic price changes

 Defining and assigning the material ledger update structure to plants

 Configuration of Actual costing and activation of actual cost component split

 Production start up activities in Material Ledger

Internal Order Configuration

 Define Order types

 Define Model orders

 Maintain Allocation structure

 Maintain Settlement profile

 Maintain number range for settlement docume