SAP FICO STUDY MATERIAL PDF

adminComment(0)

Free download SAP FICO (Financial Accounting & Controlling) PDF Books and training material, online training materials, complete beginners guide, ebooks. SAP FI stands for Financial Accounting and it is one of important modules of SAP ERP. It is used to This is an introductory tutorial that covers the basics of SAP FICO and how to deal with its SAP CO – Assigning Materials to Profit Center. pdf. SAP FICO Videos + GB Material 65 Hours For Sample Videos,Course SAP FI-CO Videos 65 Hours SAP FICO Course Curriculum: A. Components of.


Sap Fico Study Material Pdf

Author:LATORIA ALAIBILLA
Language:English, German, Arabic
Country:Switzerland
Genre:Business & Career
Pages:389
Published (Last):22.05.2016
ISBN:643-1-54843-814-5
ePub File Size:18.75 MB
PDF File Size:12.50 MB
Distribution:Free* [*Registration Required]
Downloads:38843
Uploaded by: MAXIMA

SAP General Ledger Configuration - SAP FICO Training, SAP MM/WM . SAP Actual Costing / Material Ledger Configuration - SAP FICO - Home. With SAPvits, you will learn to configure and implement SAP FICO modules and thus help your organization drive maximize functionality and. studied various books on ERP Projects and implementation activities in depth. Hand Book on SAP FICO Module for Beginners / Learners - NN Satya. CONTENTS .. Integration with material management and sales and distribution.

L Acc"unt. Bet een Ban! C 5ank 5ill Discount Account Pre are G. D Account Tr C"de F. S 1nput! WAS Output! F 1nput! F Output! F 1n Put! F Out Put! Select Calculate! Setu Ban! Double Click On? Sub Assets is to be Create in ain Asset. Structure Copie Save! Select Cop As 5utton Enter Save 4. Select Cop as 5utton PS , 1. Description Plant 2 achiner Short! Enter Select PS Select PS Double Click on Depreciation Area Select. Enter Select PS1.

S eci y R"undin " Net B""! Save Select Spool 5utton Select Displa. Select 1. Enter Select Coin Co! DA21 Enter Save.

Tr C"deF? DS21 1. P 5ar DepQA! DSB1 Path: DB11N Path: Perio 41! Distribution Ge 41 6e"t Co'bination on Application 5ar Dep45 Distribution Ge 41 6e"t Co'bination on Application 5ar Cost Ele'ent?

F Select Actual? A8 3; 58 3; C8. OBC0 Path: Creati"n G. DOB1 Path: DPF4 Path: Cost Ele'ent 1; Distribution Ele'ent 3 Save. Or er? Set C"ntr"llin Area Path: DE-7 Path: ODEJ Path: Enter Save 5. How are Vendor Invoice payments made? Vendor payments can be made in the following manner: Manual payments without the use of any output medium like cheques etc.

How do you configure the automatic payment program? The following are the steps for configuring the automatic payment program:Step 1 Set up the following: Co.

It is attached to the payment method per company code. Where are Payment terms for customer master maintained? Payment terms for customer master can be maintained at two places i.

Which is the payment term which actually gets defaulted when the transaction is posted for the customer accounting view or the sales view? The payment term in the accounting view of the customer master comes into picture if the transaction originates from the FI module.

If an FI invoice is posted FB70 to the customer, then the payment terms is defaulted from the accounting view of the customer master. The payment term in the sales view of the customer master comes into picture if the transaction originates from the SD module. A sales order is created in the SD module. The payment terms are defaulted in the sales order from the sales view of the customer master. Where are Payment terms for vendor master maintained?

Payment terms for Vendor master can be maintained at two places i. Which is the payment term which actually gets defaulted in transaction accounting view or downloading view? The payment term in the accounting view of the vendor master comes into picture if the transaction originates from the FI module.

If an FI invoice is posted FB60 to the Vendor, then the payment terms is defaulted from the accounting view of the vendor master. The payment term in the downloading view of the vendor master comes into picture if the transaction originates from the MM module.

A download order is created in the MM module. The payment terms are defaulted in the download order from the downloading view of the vendor master.

These are the following steps: A goods receipt in SAP for a downloadd material is prepared referring a download order. The rates for the valuation of the material are picked up from the download order. The following are instances of tolerances that can be defined for Logistic Invoice Verification. Small Differences d.

Moving Average Price variances e. Quantity variances f. Price variances Based on the client requirement, the transaction can be Blocked or Posted with a Warning in the event of the Tolerances being exceeded. Tolerances are nothing but the differences between invoice amount and payment amount or differences between goods receipt amount and invoice amount which is acceptable to the client.

Can we change the reconciliation account in the vendor master? Reconciliation account can be changed in the vendor master provided that the authority to change has been configured. Normally we should not change the reconciliation account. What is the impact on the old balance when the reconciliation account in the vendor master is changed? Any change you make to the reconciliation account is prospective and not retrospective.

The old items and balances do not reflect the new account only the new transactions reflect the account. There is an advance given by the customer which lies in a special GL account indicator A.

Will this advance amount be considered for credit check? It depends on the configuration setting in the special GL indicator A. If the Relevant to credit limit indicator is switched on in the Special GL indicator A the advances will be relevant for credit check, otherwise it will not be relevant. In payment term configuration what are the options available for setting a default baseline date?

There are 4 options available:1 No default 2 Posting date 3 Document date 4 Entry date What is generally configured in the payment term as a default for baseline date? Generally document date is configured in the payment term as a default for base line date.

How do you configure a special GL indicator for Customer? You can use an existing special GL indicator ID or create a new one. After creating a special GL indicator id, update the chart of accounts and the Reconciliation account.

Also as a last step you need to update the special GL code. The special GL code should also be marked as a Reconciliation account. Switch on the relevant for credit limit and commitment warning indicators in the master record. The bank reco typically follows the below procedure: First, the payment made to a Vendor is posted to an interim bank clearing account. Subsequently, while performing reconciliation, an entry is posted to the Main Bank account. You can do bank reconciliation either manually or electronically.

How do you configure check deposit?

The following are the steps for configuring check deposit:Step1: Create account symbols for the main bank and incoming check account. Step2: Assign accounts to account symbols Step3: Create keys for posting rules Step4: Define posting rules Step5: Create business transactions and assign posting rule Step6: Define variant for check deposit What is the clearing basis for check deposit?

In the variant for check deposit we need to set up the following a fields document number which is the invoice number , b amount c Short description of the customer. The document number and the invoice amount acts as the clearing basis. How do you configure manual bank statement? The following are the steps for configuring manual bank statement:Step1: Create account symbols for the main bank and the sub accounts Step2: Assign accounts to account symbols Step3: Create keys for posting rules Step4: Define posting rules Step5: Create business transaction and assign posting rule Step6: Define variant for Manual Bank statement How do you configure Electronic bank statement?

The steps for Electronic Bank Statement are the same except for couple of more additional steps which you will see down below Step1: Create account symbols for the main bank and the sub accounts Step2: Assign accounts to account symbols Step3: Create keys for posting rules Step4: Define posting rules Step5: Create transaction type Step6: Assign external transaction type to posting rules Step7: Assign Bank accounts to Transaction types Fixed Assets What are the organizational assignments in asset accounting?

Chart of depreciation is the highest node in Asset Accounting and this is assigned to the company code. Under the Chart of depreciation all the depreciation calculations are stored. How do you go about configuring Asset accounting? The configuration steps in brief are as follows:a Copy a reference chart of depreciation areas b Assign Input Tax indicator for non taxable acquisitions c Assign chart of depreciation area to company code d Specify account determination e Define number range interval f Define asset classes g Define depreciation areas posting to general ledger h Define depreciation key Explain the importance of asset classes.

SAP FICO INTERVIEW QUESTIONS & ANSWERS

Give examples? The asset class is the main criterion for classifying assets. Every asset must be assigned to only one asset class. The asset class also contains the Gl accounts which are debited when any asset is procured. It also contains the gl accounts for depreciation calculation, scrapping etc Whenever you create an asset master you need to mention the asset class for which you are creating the required asset.

In this manner whenever any asset transaction happens the gl accounts attached to the asset class is automatically picked up and the entry passed. You can also specify certain control parameters and default values for depreciation calculation and other master data in each asset class.

How are depreciation keys defined? The specifications and parameters that the system requires to calculate depreciation amounts are entered in Calculation methods.

Calculation methods replace the internal calculation key of the depreciation key. Depreciation keys are defaulted in Asset Master from the asset class. Refer to the configuration for more details of how depreciation is calculated. A company has its books prepared based on Jan Dec calendar year for reporting to its parent company. It is also required to report accounts to tax authorities based on April- March. Can assets be managed in another depreciation area based on a different fiscal year variant?

Assets accounting module cannot manage differing fiscal year variant which has a different start date January for book depreciation and April for tax depreciation and different end date December for book depreciation and March for tax depreciation. In this case you need to implement the special purpose ledger. What are the special steps and care to be taken in Fixed asset data migration into SAP system especially when Profit center accounting is active? Data migration is slightly different from a normal transaction which happens in Asset accounting module.

Normally, in asset accounting the day to day transactions is posted with values through FI bookings and at the same time the asset reconciliation is updated online realtime. Whereas In data Migration the asset master is updated with values through a transaction code called as AS The values updated on the master are Opening Gross value and the accumulated depreciation.

The reconciliation GL account is not automatically updated at this point of time. If profit center is active, then after uploading assets through AS91 you should transfer the asset balances to profit center accounting through a program. After this step you again update the Asset reconciliation account in the 3KEH table. The reason you remove the Asset reconciliation code from 3KEH table is that double posting will happen to PCA when you update the Asset reconciliation manually. Is it possible to calculate multiple shift depreciation?

Is any special configuration required? Yes it is possible to calculate multiple shift depreciation in SAP for all types of depreciation except unit of production. No special configuration is required. How do you maintain multiple shift depreciation in asset master?

The following steps are needed to maintain multiple shift depreciation: 1. The variable depreciation portion as a percentage rate is to be maintained in the detail screen of the depreciation area. The multiple shift factor is to be maintained in the time dependent data in the asset master record.

This shift factor is multiplied by the variable portion of ordinary depreciation. Does system automatically calculate the planned depreciation as per the new rate? System does not automatically calculate the planned depreciation after the change is made. You need to run a program for recalculation of planned depreciation. What are evaluation groups? The evaluation groups are an option for classifying assets for reports or user defined match code search code.

You can configure 5 different evaluation groups. You can update these evaluation groups on to the asset master record. What are group assets? The tax requirements in some countries require calculation of depreciation at a higher group or level of assets. For this purpose you can group assets together into so-called group assets. What are the steps to be taken into account during a depreciation run to ensure that the integration with the general ledger works smoothly?

For each depreciation area and company code, specify the following: 1 The frequency of posting depreciation monthly,quarterly etc 2 CO account assignment cost center 3 For each company code you must define a document type for automatic depreciation posting: This document type requires its own external number range. Account determination Finally to ensure consistency between Asset Accounting and Financial Accounting, you must process the batch input session created by the posting report.

If you fail to process the batch input session, an error message will appear at the next posting run. The depreciation calculation is a month end process which is run in batches and then once the batch input is run the system posts the accounting entries into Finance.

How do you change fiscal year in Asset Accounting? Run The fiscal year change program which would open new annual value fields for each asset. You have to run the fiscal year change program for your whole company code. You can only process a fiscal year change in a subsequent year if the previous year has already been closed for business. Take care not to confuse the fiscal year change program with year-end closing for accounting purposes.

This fiscal year change is needed only in Asset Accounting for various technical reasons. Is it possible to have depreciation calculated to the day? You need to switch on the indicator Dep to the day in the depreciation key configuration.

Is it possible to ensure that no capitalization be posted in the subsequent years? You need to set it in the depreciation key configuration. Usually depreciation is not charged on Capital WIP. All costs incurred on building a capital asset can be booked to an Internal Order and through the settlement procedure can be posted onto an Asset Under Construction.

Subsequently on the actual readiness of the asset for commercial production, the Asset Under Construction gets capitalized to an actual asset.

The company has procured 10 cars. You want to create asset masters for each of this car. How do you create 10 asset masters at the same time?

While creating asset master there is a field on the initial create screen called as number of similar assets. Update this field with When you finally save this asset master you will get a pop up asking whether you want to maintain different texts for these assets. You can update different details for all the 10 cars. In each of these transaction keys you specify the GL accounts which gets automatically passed at the time of entry.

They are at the chart of accounts level. What are the additional settings required while maintaining or creating the GL codes for Inventory accounts?

This is actually the link between Materials Management and Finance. The valuation in SAP can be at the plant level or the company code level. If you define valuation at the plant level then you can have different prices for the same material in the various plants.

If you keep it at the company code level you can have only price across all plants. Valuation also involves the Price Control. These are the two types of price control available. What is Valuation Class? We can group together different materials with similar properties by valuation class. Eg Raw material,Finsihed Goods, Semi Finished We can define the following assignments in customizing : All materials with same material type are assigned to just one valuation class.

Different materials with the same material type can be assigned to different valuation classes.

Related Interests

Materials with different material types are assigned to a single valuation class. Can we change the valuation class in the material master once it is assigned? Once a material is assigned to a valuation class in the material master record, we can change it only if the stocks for that material are nil.

If the stock exists for that material, then we cannot change the valuation class. In such a case, if the stock exists, we have to transfer the stocks or issue the stocks and make the stock nil for the specific valuation class. Then only we will be able to change the valuation class.

SAP FI Module Tutorial

Does the moving average price change in the material master during issue of the stock assuming that the price control for the material is Moving Average?

The moving average price in the case of goods issue remains unchanged. Goods issue are always valuated at the current moving average price.

It is only in goods receipt that the moving average price might change. A goods issue only reduces the total quantity and the total value in relation to the price and the moving price remains unchanged. Also read the next question to learn more about this topic. If the answer to the above question is Yes, then list the scenario in which the moving average price of the material in the material master changes when the goods are issued.

The moving average price in the material master changes in the scenario of Split Valuation which is sometimes used by many organizations. If the material is subject to split valuation, the material is managed as Several partial stocks and each partial stock is valuated separately. In split valuation, the material with valuation header record will have v moving average price.

This is where the individual stocks of a material are managed cumulatively. Here two valuation types are created, one valuation type can have v MAP and the other valuation type can have s standard price.

FICO (Financial Accounting & Controlling) Book

In this case, whenever the goods are issued from the respective valuation types, always the MAP for the valuation header changes. What is the accounting entry in the Financial books of accounts when the goods are received in unrestricted use stock?

What is the procedure in SAP for Initial stock uploading? Mention the accounting entries also. Initial stock uploading in SAP from the legacy system is done with inventory movement type a MM transaction which is performed.

Material valuated at standard price: For a material valuated at standard price, the initial entry of inventory data is valuated on the basis of standard price in the material master. If you enter an alternative value at the time of the movement type , then the system posts the difference to the price difference account. Material valuated at moving average price: The initial entry of inventory data is valuated as follows : If you enter a value when uploading the initial data, the quantity entered is valuated at this price.

If you do not enter a value when entering initial data, then the quantity entered is valuated at the MAP present in the material master. The accounting entries are: Inventory account is debited and Inventory Historical upload account is credited. The FI-SD account determination happens through an access sequence. The system goes about finding accounts from more specific criteria to less specific criteria.

Thus posting of Sales Invoices into FI are effected on the basis of a combination of Sales organization, Account type, or Customer and Material Account assignment groups and following are the options available. Thus the system uses this gl account to automatically pass the entries. The costs can be allocated on a percentage or quantity basis. If the partial goods receipt and partial invoice receipt has already taken place, then the partial invoice amount can be distributed proportionally, i.

Successfully reported this slideshow. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime. Upcoming SlideShare. Like this document? Why not share! An annual anal Embed Size px. Start on. Show related SlideShares at end. WordPress Shortcode. Susan Robinson Follow. Published in: Full Name Comment goes here.Tutorials Point I Pvt.

Primary Cost Elements are those which are created from FI general Ledger Accounts and impact the financial accounts eg. The document number and the invoice amount acts as the clearing basis.

DCheCue DepositE Creati"n " R"utin 1. Company code is used for identifying a legally independent entity, the smallest organizational unit of external accounting for which a complete, selfcontained set of accounts can be created and maintained, thus including entry of all transactions that must be posted and the creation of all items for legal individual financial statements, such as the balance sheet and the profit and loss statement.

Under the Chart of depreciation all the depreciation calculations are stored. Other Material 14 PDFs