SAP® FI Course Contents
Introduction to ERP and SAP® FI
Basics
- Map the accounting structure of a company in SAP®.
- Create a company code.
- Describe the use and advantages of the variant principle
- Explain the necessity and use of a fiscal year variant
- Explain different types of fiscal year variants
- Define a fiscal year variant
- Assign the fiscal year variant to a company code
- Define currencies.
- Describe the meaning of different exchange rate types
- Maintain exchange rates
- Use the different tools for maintaining exchange rates
- Explain the options for maintaining exchange rates
- Set up document types and number ranges.
- Utilize and explain posting keys.
- Configure and test validations and substitutions.
General Ledger
- Define and use a chart of accounts
- Explain the advantages and disadvantages of group and country chart of accounts
- Describe the structure of a general ledger account
- Control the format of a general ledger account
- Name and describe different types of general ledger accounts
- Create, maintain and control general ledger accounts
- Describe how you can change several general ledger accounts at the same time
- Maintain exchange rates.
- Create and reverse general ledger transfer postings.
- Post cross-company code transactions.
- Create profit centers and segments.
- Clear an account.
- Maintain tolerances.
- Maintain tax codes.
- Perform postings with document splitting.
- Parallel accounting with the accounts and ledger approach.
- Describe the structure of accounting documents
- Open and close periods
- Open and close posting periods differently for different account types
- Define the amounts that specific groups of accounting clerks are allowed to post
- Assign users to a tolerance group for highest amounts
- Post simple documents in FI
- Define default values
- Configure user/specific default values
- Determine default values in the system and the configuration
- Explain the rules governing changes to documents
- Change documents
- Analyse changes to documents
- Reverse documents
- Find reversal reasons in customizing
- Define terms of payment
- Explain the account determination for automatic postings of cash discounts
- Describe the treatment of taxes
- Create tax codes and define tax accounts in the configuration
- Explain cross-company code transactions
- Post cross-company code transactions
- Explain the clearing process
- Clear and account
- Post with clearing
- Post incoming and outgoing payments
- Reset clearing
- Post payment differences
- Describe tolerance groups and their role for posting payment differences
- Post partial and residual payments
- Create and use payment difference reason codes
- Explain the system treatment of exchange rate differences
- Describe special GL transactions
- Explain the particularities of special GL transactions
- Explain the functions of special GL transactions
- Configure special GL transactions or check their configurations
- Create your own special GL transactions as needed
- Describe the functionality of document parking
- Identify the difference between parking documents and holding documents
- Park FI documents
- Edit, delete, or post parked documents
- Describe how to use the workflow when parking documents
- Name the advantages of using workflow when parking documents
Banking Ledger
- Maintain bank master data.
- Define house banks.
- Create a cash journal and assign it to a GL account
- Explain business transaction categories
- Create business transactions
- Save and post business transactions in the cash journal
Accounts Payable
- Define and use a chart of accounts
- Describe the structure of a general ledger account
- Control the format of a general ledger account
- Name and describe different types of general ledger accounts
- Create, maintain and control general ledger accounts
- Describe how you can change several general ledger accounts at the same time
- Create and maintain vendor accounts.
- Post and reverse invoices and payments and use special GL transactions.
- Manage partial payments.
- Block open vendor invoices for payment.
- Configure and use the payment program.
- Define the customizing settings for the Payment Medium workbench (PMW).
- Create a payment medium using the PMW.
- Use the debit balance check for handling payments.
- Set up dunning and execute dunning.
- Define terms of payment and payment types.
- Understand integration with procurement.
Accounts Receivable
- Create and maintain customer accounts.
- Post invoices and reverse and payments and use special GL transactions.
- Manage partial payments.
- Define terms of payment and payment types.
- Explain the connection of customers to vendors.
- Set up correspondence and send periodic account statements.
- Understand integration with sales and distribution.
- Create special GL indicators and post with special GL indications.
Asset Accounting
- Create and maintain chart of depreciations and the depreciation areas.
- Create and maintain asset classes and asset master data.
- Configure and perform FI-AA business processes in the SAP® System.
- Setup valuation and depreciation.
- Perform periodic and year-end closing processes.
- Explain and configure parallel accounting (with the accounts solution)
- Assign a chart of accounts and a chart of depreciation to a company code
- Describe how asset accounting is integrated with cost accounting
- Assign asset classes to assets
- Define which depreciation areas post their values to the general ledger
- Process mass changes using a worklist
- Post integrated and non-integrated asset acquisitions in the system
- Post integrated and non-integrated asset retirements in the system
- Represent intracompany and intercompany asset transfers in the system
- Represent assets under construction in the system
- Represent unplanned depreciation in the system
- Define depreciation areas
- Describe how a depreciation term is used in different depreciation areas
- Control the calculation of depreciation
- Analyse depreciation values
- Initiate the depreciation posting run
- Explain the task of the fiscal year change program and the year-end closing programs
- Choose and execute the various asset accounting reports
- Setup variable sorting and totalling for asset reporting
- Create the asset history sheet, and structure it to meet your needs
- Generate a depreciation forecast
- Simulate depreciation for assets
Reporting
- Create evaluations in the information system.
- Customize the accounts receivable/accounts payable information system.
- Use drilldown reporting.
- Define forms and execute reports.
- Create, change and execute queries.
Financial Closing
- Perform month and year-end closing in Financial Accounting (exchange rate valuation, post provisions etc.)
- Create balance sheet and profit and loss statements.
- Monitor closing operations using the Financial Closing Cockpit.
- Post accruals with accrual documents and recurring entry documents.
- Manage posting periods.
Bonus Content!! (Not part of the FI Certification Exam)
Basics
- FI Integration with CO module
- CO Org units
- Define Controlling Area
- Assign Company Code to Controlling Area
Cost Element Accounting
- Analyse the various types of Cost Elements
- Create Cost Elements for GL accounts
- Create Cost Elements for Allocation Cycles
Cost Center Accounting
- Define, Create, and Configure Cost Centers
- Define and Create Cost Center Hierarchy
- Determine usage of Cost Center Accounting with Planning Functionality
- Create an allocation cycle
Internal Orders
- Determine Internal Order Types and Planning
- Determine Internal Order Settlement Rules
- Create Number Ranges for Internal Orders
- Assign Budgets to Internal Orders
- Analyse Budget, Plan, Commitment and Available values
Profit Centers
- Create Organizational Chart for Profit Centers
- Execute Profit Center Reports
