FI Contents

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