Financial Accounting(FI)
INTRODUCTION
SAP FI (Financials) is a core module for all Accounting and Financial professionals who wish to launch a career in SAP. The Financial Accounting (FI) application component fulfills all the international requirements that must be met by the financial accounting department of an organization. For the successful utilization of mySAP application, SAP FI is one of the most important and critical business modules.
SAP FI module mainly deals with fixed asset, bank, cash journal, inventory, tax accounting, general/ ledger and accounts receivable/accounts payable. It is in SAP FI module that systematized and statutory data can be tracked and managed and the administrative people like, financial managers as well as other managers can review the financial position of the company in present time as compared to legacy system.
All accounting-relevant transactions made in Logistics (LO) or Human Resources (HR) components are posted real-time to Financial Accounting by means of automatic account determination. This data can also be passed on to Controlling (CO). This ensures that logistical goods movements (such as goods receipts and goods issues) are exactly reflected in the value-based updates in accounting.
This course is designed to learn how to manage and implement the organizational units, master data and documents for Financial Accounting. To learn about the concept of parallel valuation and reporting. In this SAP FI module you will learn that how to implement Accounting business processes such as payment, individual closing and evaluation methods.
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SAP Training, SAP Training Toronto, SAP Training Mississauga
Course Contents
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Competency
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Topic
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Asset Accounting
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Asset transactions (for example, asset acquisition, retirement,
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Master data
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Organizational structures
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Periodic processing in Asset Accounting
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Using the information system
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Closing Operations in Financial Accounting
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Balance sheet/P&L structure & reporting
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Month-end and year-end closing
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Profit and loss
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Receivables and payables
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Technical, organizational and documentary steps
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Document and Posting Control
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Cash discount and payment conditions
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Cash journal
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Clearing (manual and automatic)
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Cross-company code transactions
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Default values
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Document changes, change control
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Document reversal
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Document types and number ranges
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Foreign currencies and exchange rate differences
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Incoming and outgoing payments
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Payment differences
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Posting authorizations
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Posting keys and field status groups
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Posting periods
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Taxes
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Tolerance groups and payment differences
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Evaluation Options in Reporting
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Drilldown reporting in Financial Accounting
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Infosystem and ABAP reports in General Ledger, AR
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List Viewer
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Financial Accounting Master Data
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Account groups
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Bank accounts/bank keys
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Chart of accounts
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Customer and vendor accounts
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G/L account
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Reconciliation accounts
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Payment Program, Dunning Program, Correspondence, Interest Calculation
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Correspondence configuration
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Creating correspondence
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Creating payment media
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Dunning program configuration
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Executing the dunning run and printing the dunning notice
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Executing the interest calculation run
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Executing the payment run
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Interest calculation configuration
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Payment program configuration
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SAP Overview
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Management empowered by mySAP ERP
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Management empowered by mySAP ERP Financials
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SAP Navigation
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SAP Solution Manager
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Overview of the SAP Solution Manager
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Special General Ledger Transactions, Document Parking, Substitute
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“Park document” versus “hold document”
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Basics of document parking
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Customizing of different special G/L transactions
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Processing parked documents
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Special G/L classes and types
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Special G/L transactions using the example of payment and guarantee
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Substitution
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Validation
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The New General Ledger
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Activation and the idea of the New General Ledger
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Document splitting
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New characteristics in FI
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Real-time integration CO => FI
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Reporting with (new) FI standard drilldown reporting
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Scenarios and scenario assignment
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