SAP ERP Financial Accounting and Controlling

PART 1: SAP FINANCIAL Chapter 1: Organizational Unit Objective * Create company codes * Identify business area * Make country-specific settings * Define and assign fiscal year variant to company code Chapter 2: Master Data Objective * What is master data? * Define the Chart of Accounts (CA)* Create General Ledgers (GL) * Attaching four-character IDs to the CA * Define the properties of the CA * Assign the CA to your company code Chapter 3: Document Control Objective * The purpose of document control * Understand Document types * Define number ranges * Define Field Status Variants (FSV) * Importance of posting keys * What are posting periods (normal and special posting periods) * How to create variants for posting periods Chapter 4: Posting Authorizations Objective * Purpose of posting authorization * Define tolerance groups for GL accounts * Define tolerance groups for employees * Assign users to tolerance groups * Create accounts for clearing differences Chapter 5: General Ledger Objective * The importance of GL and Sub GL * When to use line items and open item management * Other things to consider when creating GL accounts * How to create GL accounts Chapter 6: Clearing Open Items Objective * How to clear open items * Two types of open item clearing * Configuration of automatic open item clearing * Maximum exchange rate difference settings * The importance of foreign currency valuation * Foreign currency balance sheet accounts * GL accounts balances managed on an open-item basis * Open items that are posted in foreign currency at key date are valuated in foreign currency * Types of exchange rates Chapter 7: Currencies Objective * How to define local and foreign currencies for company codes * How to maintain the relationship between currencies per currency types and currency * The purpose of exchange rates * To have understanding of various exchange rate types * When you are maintaining exchange rate for type that can used * How to use prefixes during standard exchange rates when defining translation ratios for currency transaction Chapter 8: Goods Receipt/Invoice Receipt (GR/IR) Clearing Objective * To have an understanding of GR/IR * How to configure GR/IR settings Chapter 9: Financial Statement Versions Objective * What is Financial Statement Version (FSV) * How to create FSV from scratch * When Defining FSV the appropriate specifications to be conducted * How to call up FSV Hierarchy nodes and assign appropriate GL Accounts Chapter 10: Integration of FI with Other Modules Objective * How to integrate FI with other SAP modules * Automatic postings of Material to FI * Using valuation class of material as the key to determine the GL account a material should be posted to.* Automatic posting configuration * How to create inventory account using BSX transaction key * How create a corresponding credit account for GR/IR clearing account using WRX transaction key * How integration of FI and SD (Sales and Distribution) works * Prepare revenue account determination * How to define accounts for overhead cost controlling Chapter 11: House Bank Objective * What is a house bank? * How master records are created in house bank * The use of house bank ID and account ID * How to define house bank * Bank statements supported by SAP * How to make global settings for electronic bank statement * Configuration of manual bank statement * Define posting keys and posting rules for check deposit * Define variants for check deposit Chapter 12 : Tax on Sales/Purchases Objective * What is tax on sale/purchase * How to create sale/purchase tax * Specify tax category in the GL accounts to which tax is to be posted * Basic tax code for sales and purchases * Specify the accounts to which different tax types are posted * How to assign tax codes for non-taxable transactions Chapter 13: Cash Journal Objective * What is a cash journal?* Items that will be defined when setting up a new cash journal * Identify document types for cash journal items * Create GL accounts for cash journals * Set up cash journal Chapter 14: Accounts Receivable and Accounts Payable Objective * What is accounts payable/receivable?* Steps involved in creating payable/receivable * What is account group * The importance of account group * How to enter accounting clerk name under an Identification code (ID) * How to create number range for vendor/customer * How to deal with problem of number range overlaps * How to assign number range to customer/vendor group * How to define account group with screen layout * The use of payment terms in SAP * Assigning payment to business partners * The purpose of defining payment terms in SAP * Create installment plan * Cash discount taken/granted * Define payment block reasons * How to process payment manually * Maintain tolerance groups for employees, customers/vendors and GL accounts * Maintain automatic outing payment to allow the system to make multiple payments of open item invoices Chapter 15: Correspondence and Dunning Objective * What is correspondence? * Define correspondence types * Define sender details for correspondence form * An understanding of dunning * Various levels involved in defining dunning * Specification special GL transactions to allow the system to dunned special GL transactions Chapter 16: Special GL Transactions Objective * Why it is important to disclose Special GL transactions separately by using alternative reconciliation accounts * An explanation of special GL transactions which includes: guarantees (automatic offsetting entry (statistical), down payments (free offsetting entry) and bills of exchange (noted items) * Configuration of special GL transactions * What is down payment? * Down payment made, received, and requested * Define tax clearing Account for down payments Chapter 17: Adjustment Posting/Reversal Objective * Adjustment posting/reversal using negative posting method * Reasons for reversal Chapter 18: Define Sort Method and Adjustment Accounts for Regrouping Receivables/Payables Objective * Define sort method and adjustment accounts for regrouping receivables/payables * Adjustment accounts for receivables/payables by maturity Chapter 19: Easy Access 1 Objective * Create vendor/customer master record in easy access * How to change customer/vendor master record * Document entry: How to post invoices into the system * How to treat credit memos * How to hold and park documents * Incoming payments and outgoing payments * How to process partial payments and residual items * Down payments * Clear down payment request against down payment * Display balance/line items * Print correspondence * Generate dunning * Manual outgoing payments/automatic payments * Cash journal postings PART 2: SAP CONTROLLING Chapter 20: Controlling Objective * Basic aspects of controlling * Organizational structure settings * Maintain controlling area * Maintain number ranges for controlling documents * Maintain versions * Maintain number ranges for controlling documents * Maintain currency and valuation profile * Create versions for valuation methods * What are cost elements?* Primary cost elements * Secondary cost elements * Create batch input sections * Definition of cost center accounting * Define cost standard hierarchy * How to create a cost center * How to create a cost center group * Cost elements for activity allocation * Maintain statistical key figures * Profit center * Define profit center hierarchy * How to create dummy standard hierarchy * Set control parameters for actual data * Create profit center * Define number range for local documents * Assign profit center to cost centers * Define distribution * GL account posting Chapter 21: New General Ledger Objective * Benefits of new GL * Define general ledger for general ledger accounting * What is leading/non leading ledgers * Define ledger for general ledger accounting * Define currencies of leading ledger * What are scenarios * Assign scenarios and customer field to ledgers * A brief explanation of accounting principles * Assign accounting principles to ledger groups * Real-time integration of controlling with FI * Define documents for entry view in a ledger * What is document splitting? * Classification of GL accounts for document splitting * Zero balance clearing * Define document splitting characteristics for GL *Easy Access 2 * GL accounting posting * Document reversal * Document display *Closing * Foreign currencies valuation * Balance carry forward * Reclassification of GR/IR clearing Chapter 22: Asset Accounting Objective * Types of assets and their importance * Depreciation and types of depreciations * Char of depreciation and its use * What are depreciation areas * Copy reference chart of depreciation and deprecation areas * How to classify or categorize assets into asset classes * How to integrate asset account to the general ledger * Define how depreciation areas post to general ledger * Create GL accounts for asset accounts * Balance sheet accounts * Assign input tax indicator for non-taxable acquisitions * Specify financial statement version for asset reports * Define deprecation calculation methods * Maintain and activate depreciation keys * Report selection in the asset accounting information system * Capitalization of assets under construction Chapter 23: Easy Access 3 Objective * How to create asset master record * Display assets * Assets acquisition * Assets transfer within company code * Retirement of assets * Assets under construction * Information system * How to run depreciation * How to perform year end closing Appendix *Some Useful G/L Accounts *Useful Transaction Codes Index