SAP FICO Training

In this module, you will learn about setting up global parameters of financial accounting such as:

• Enter Global Parameters
• Fiscal Year setting
• Posting Periods
• Define Document Types and number ranges
• Define Posting Keys
• Maintain Field Status Variants
• Indicate Currency Differences for Partial Payments
• Define Text IDs for Documents
• Maximum Exchange Rate Difference
• Define Texts for Line Items
• Default Values for Document Processing

In this module, you will learn about the charts of accounts list such as:

• Defining Group chart of accounts, Country specific Chart of accounts, Operative Chart of accounts
• Assign Company Code to Chart of Accounts
• Define Account Group and Retained Earnings Account
• Sample Accounts,Block/Unblock GL Accounts
• G/L Account Creation and Processing,Delete G/L Account
• Delete Chart of Accounts
• Block/Unblock Chart of Account

In this module, you will explore the following topics in detail:

• Defining Tolerance Groups for G/L Accounts,Tolerance Groups for Employees
• Assign Users to Tolerance Groups,General Document posting,Sample Document
• Recurring Entry Document,Parked, Hold, reverse Documents
• Open item Management
• Incoming and Outgoing Payments
• Manual and Automatic clearing
• Foreign Currency Posting and Valuation
• Worklist and layout preparations Layout preparations
• Reset Cleared Items
• Display Balances (With Variant)
• Business area Overview Report

• Define Account Groups with Screen Layout (Customers)
• Create Number Ranges for Customer Accounts
• Assign Number Ranges to Customer Account Groups
• Define Tolerances for Customers/Vendors
• Define Tolerance Groups for Employees
• Assign Users to Tolerance Groups
• Customer Document Posting
• Down payment
• Bill of exchange
• Dunning
• Interest calculation
• Automatic Clearing
• Maintain Terms of ​Payment
• Define Terms of Payment for Installment Payments
• Define Accounts for Cash Discount Granted
• Define Accounts for Overpayments/Underpayment
• TAX CALCULATION ON SALES PROCESS

• Define Account Groups with Screen Layout (Vendors)
• Create Number Ranges for Vendor Accounts
• Assign Number Ranges to Vendor Account Groups
• Define Tolerances for Customers/Vendors
• Define Tolerance Groups for Employees
• Assign Users to Tolerance Groups
• Vendor Document Posting
• Down payment
• Bill of exchange
• Define Accounts for Cash Discount Taken
• Define Accounts for Exchange Rate Differences
• Define Accounts for Bank Charges (Vendors)
• Define Accounts for Overpayments/Underpayments
• Automatic payment program
• TAX CALCULATION ON PURCHASES

• Individual Check payment
• Manual check payment
• Check register
• Check encashment
• Check Renumber
• Reprint check
• Unused checks cancellation
• Issued checks cancellation
• Cancel payment
• Delete For payment run
• Delete Manual checks

• EXCISE PAID/PAYABLE
• CESS PAID/PAYABLE
• VATPAID/PAYABLE
• CST PAID/PAYABLEWITH HOLDING TAXES(CIN)
• TDS CLEARING
• BANK REMITTENCE CHALLEN
• TDS CERTIFICATE Creation
• FORM 16 CREATION
• DISPLAY TDS BALANCES
• Define House bank, Cheq lots creations
• Cash journals
• Check Deposit
• Bank reconciliation statement

• Copy Chart of Depreciation
• Creation of 0% Tax Codes
• Assign Tax Codes for Non-Taxable Transactions
• Assign Chart of Depreciation to Company Code
• Specify Account Determination
• Create Screen Layout Rules
• Define Asset Classes and Number Ranges
• Creation of GL Accounts
• Integration With GL
• Determine Depreciation Areas in Asset Classes
• Define Screen Layout for Asset Master Data
• Define Screen Layouts for Asset Depreciation Areas
• Define Number Ranges for Depreciation Postings
• Specify Intervals and Posting Rules
• Specify Round up NetBook Valuation
• Depreciation KeysDefine Base Method
• Define Declining Balance Methods
• Define Multi-Level Methods
• Define Period Control Methods
• Define Depreciation Key
• Asset Master Creation
• Creation of Sub-Asset
• Asset Purchase Posting
• How to View Sub Asset Value Balances
• How to View The Asset Balances
• Depreciation Run
• Sale of Asset
• Transfer of Asset
• Scraping of An Asset

• Cross-company code transactions in G/L
• Cross-company code transactions in A/R
• Cross-company code transactions in A/P
• Cross-company code transactions in Asset accounting
• Cancellations of Cross company code transactions

• Define Financial Statement Versions
• Display of Trial Balance, GL Balance, A/R Balance, A/P Balance and ASSETS Balances
• Balance carry forward process
• Month and year ending activates
• Fi-co tables
• Structure of account balances

• Movement types,Valuation class and Valuation area
• Process key,Valuation grouping,Material types,Define Plant,Define Division
• Maintain Storage Location,Maintain Purchasing Organization
• Assign plant to company code,Assign business area to plant/valuation area and division,Assign purchasing organization to company code
• Creation of Material Group,Maintain company code for material management
• Define attributes of martial types
• Set tolerance group for purchase orders
• Set tolerance limits for goods receipt
• Plant parameters,Maintain default values for tax codes
• Set tolerance limits for invoice verification
• Define automatic status change
• Group together valuation areas
• Configure automatic posting
• Document type number ranges
• Material master creation
• To open material periods
• Purchase order creation
• Goods receipts
• Invoices verification
• Goods issue for consumption
• Display material ledger
• Display material documents
• Define sales organization, distribution channel,shipping point
• Assign sales organization to company code
• Assign distribution channel to sales organization
• Assign division to sales organization
• Setup sales area
• Assign sales organization-distribution channel –plant
• Define rules by sales area
• Assign shipping point to plant
• Define pricing procedure determination
• Define tax determination rules
• Assignment of accounts for automatic postings
• Setup partner determination
• Assign shipping points
• Creation of condition types
• Creation of customers with sales organization
• Finished material master creation
• Sales order creation
• Delivery
• Billing

• Create primary/secondary Cost elements
• Cost element group
• Creation of Cost Center Hierarchy
• Define Cost Center Categories
• Creation of Cost Center Group and Creation of Cost Center
• Statistical Key Figures creations,Statistical posting(Actual),Statistical posting(Plan),Activity types creations
• Activity types posting(Actual) and Activity types posting(Plan)
• Direct Activity allocation and Indirect Activity allocations
• Activate Inactive Cost Centers
• Posting with Cost center,Planning of Cost Center
• Distribution methods (Actual) and Distribution methods(Plan)
• Assessment (Actual) and Assessment (Plan)
• Periodic Reposting(Actual) and Periodic Reposting(Plan)
• Period lock,Reconciliation ledger,Accrual orders
• Manual reposts of Costs,Reverse Manual reposts of Costs
• Repost Line Items,Reverse Repost Line Items,Manual Cost Allocation and Cost Center Budgets

• Creation of Internal Order type
• Creation of Internal Order group
• Creation of number range
• Actual posting to Internal Order
• Maintain allocation structures and settlement profiles
• Maintain number ranges for settlement documents
• Settlement of internal order to cost centers
• Apportionment of Cost between internal Orders
• Settlement of internal Orders
• Budgeting and Availability Control
• Maintain Budget Profile
• Maintain Number Ranges for Budgeting
• Define Tolerance Limits for Availability Control
• Specify Exempt Cost Elements from Availability Control
• Maintain Budget Manager
• Budget creations
• Invoice posting with budgeting
• Reposts on budget

• Maintain controlling settingCreation of Profit cost center Group and dummy profit center
• Creation of profit center and assigning profit center to cost center
• Set control parameter for actual data
• Maintain plan versions and define number ranges for local documents
• Creation of revenue elements
• Maintain automatic account assignment of revenue elements
• Choose additional balances sheet & profit & loss a/c
• Creation of Account groups,Planning of p&l items,Planning of balances sheet items and Profit center reports

• Define operating concern and profitability segment characteristics
• Assign controlling area to operating concern
• Define no ranges for actual posting
• Maintain assignment of SD conditions to co-pa value field
• Maintain assignment of MM conditions to co-pa value field
• Maintain PA structures for direct posting
• Activate profitability analysis
• Define forms and Create profitability reports

• Possibilities with New General Ledger and Benefits of New General Ledger Accounting, Activating of New General Ledger Accounting
• Leading Ledgers and Non Leading Ledgers
• Assigning scenarios and their importances,Customer Fields to Ledgers
• Define Ledgers for General Ledger Accounting,Currencies of Leading Ledger,Activate Non-Leading Ledgers,Ledger Group, Entry view and General leader view for financial accounting documents.

• Define Segment and Assignment of Segment
• Classify G/L Accounts  and document types for Document Splitting
• Define Zero-Balance Clearing Account, Document Splitting Characteristics for General Ledger Accounting
• Define Document Splitting Characteristics for Controlling and Post-Capitalization of Cash Discount to Assets
• Define  and assigning Document Splitting Method and Document Splitting Rule,

• Integration with Account payables and Account receivables
• Integration with Asset accounting and controlling
• Integration with Martial Management

• Summarize all the points discussed.

• At HKR trainings, we provide practice tests at the end of course,SAP FICO interview questions and answers, Community questions and answers, free course materials, tutorials,and helps you to prepare the resumes as per your skillset, etc to crack the interview process.