SAP – Financials & Control Training
Osborne Training.
Summary
Student Finance available.
- Tutor is available to students
Overview
Why SAP (FICO)?
SAP(FICO) being the most demanded SAP skill worldwide.
With more than 10,000 jobs currently available worldwide FICO is the biggest job provider on the SAP job market. As we know, from Financial Accounting to Production Planning, there are many highly demanded SAP skills. FICO has been the top ones in terms of SAP job openings.
The countries with the highest hiring demand in terms of SAP FICO Jobs are United States, Germany, India and United Kingdom.
What is it ?
SAP Finance and Controlling(SAP FI) is based on pure accounting principles which provides core accounting and reporting capabilities and ensures the most up-to-date balances and reporting accuracy through complete integration between the General Ledger (GL) and the Accounts Receivable (AR) and Accounts Payable (AP) and Asset Accounts (AA). Its flexible configure as per country specific standards of Reporting, Tax and Depreciation.
The SAP FI module is the Core Module in SAP ERP it integrates with other modules such as Controlling, Sales and Distribution, Purchasing and Materials Management and Human Resources. Document transactions occurring within these modules generate account postings via account determination tables. Reports of this Modules are user for external purpose such as Balance sheet and Profit and Loss of each financial year.
Benefits
- Free Live SAP Sandbox Access 24/7 for 3 Months
- Free Tablet PC (For Limited Time)
- Student Discount Card (NUS)
- Free high quality course materials and eBooks
- 24/7 Tutorial support
- Personalised individual study plan
- Specialist Career Management service
- Free Certification from Osborne Training
- Access to State of the Art Virtual Learning Campus
Course Syllabus
1:- Introduction and Organizational Structure
2:- Financial accounting global settings
3:- General ledger accounting
4:- Accounts Receivable
5:- Accounts payable
6:- Bank Accounts
7:- Tax
8:- Foreign currency
9:- Asset Accounting
10:- New GL Accounts
11:- Financial statement versions
12:- Closing down procedures and Reports with Information System
13:- General Controlling
Course media
Description
1:- Introduction and Organizational Structure
- Understanding of what is ERP Systems
- Introduction to SAP
- Defining company
- Configuring company code
- Defining business area
- Assigning company code to company
2:- Financial accounting global settings
- Maintaining fiscal year variant
- Assigning fiscal year variant to company code
- Defining posting periods
- Defining open and close posting periods
- Assigning variant to company code
- Document types and Parameters
- Defining document number ranges
- Defining SAP posting keys
- Defining field status variant
- Assigning field status variant to company code
- Defining tolerance groups for employees
3:- General ledger accounting
- Defining chart of accounts
- Assigning chart of accounts to company code
- Defining account groups
- Defining retained earnings account
- Maintain Field status variant for General ledger
- Creating GL accounts
- Set up Tolerance for postings
- Postings
- Park/Hold the document
- Reversal entries
- Document change control
4:- Accounts Receivable
- Creating customer groups
- Field validation for Groups
- Creating number ranges
- Assigning number ranges to customer groups
- Creating customer
- Change customer details
- Display customer details and Balances
- Raising sales invoice
- Incoming payments
- Cash discounts
- Down payment
- Bank Guarantee
- Interest calculation
- Credit memo
- Dunning procedure and executing dunning run
5:- Accounts payable
- Creating vendor groups
- Creating vendor ranges
- Creating ranges to vendor groups
- Creating vendor
- Change Vendor details
- Display Vendor and Balance
- Raising vendor invoice
- Outgoing payments
- APP ( Automatic Payment Programme)
- Cash discounts/Terms of Payment
- Interest calculation
- Down payment
- Bank Guarantee
- Debit memo
6:- Bank Accounts
- Creating house bank
- Configuring petty cash journal
- Configuring automatic payment to vendors
7:- Tax
- Define country tax procedure
- Define calculation procedure
- Assign calculation procedure
- Base amount settings
- Exempt Tax codes and their relevance.
- Creating GL accounts of input tax output tax and sales tax
- Configuration for tax calculation Postings
8:- Foreign currency
- Exchange Rate Difference General Ledger for Foreign currency document posting
- SAP Netweaver with Currency setting.
- Currency translation ratio
- Defining, changing and maintaining exchange rate ratios
- Overview of realised and unrealised profit and loss
9:- Asset Accounting
- Copying chart of depreciation
- Assigning chart of depreciation to company code
- Specify account determination
- Create screen layout rules
- Creating asset classes
- Depreciation area and use of Depreciation area
- Maintain asset master records (Create /Change /Display)
- Acquisition of asset
- Running depreciation
- Manual depreciation and unplanned depreciation
- Retirement of asset
- Transfer of asset INTA and INTERNAL
- Scraping of an asset
- Depreciation postings
- Reports on asset accounting
- Asset explorer
10:- New GL Accounts
- Configuring new GL
- Document splitting (Active, Passive, and Zero Balance)
- Configuring leading and non-leading ledger
11:- Financial statement versions
- Configuration of FSV
- FSV and their use in company’s report on IFRS and GAAP both
12:- Closing down procedures and Reports with Information System
13:- General Controlling
- Maintaining control area settings
- Assign controlling area to Company code
- Maintaining number ranges for controlling documents
- Activating controlling indicators
Who is this course for?
Accountants
ACCA/AAT/CIMA Professionals
Aspiring SAP Consultant
SAP FI End users
Requirements
Basic Accounting knowledge required.
Career path
Become a SAP certified Consultant. The average salary is £48,062 per annum for SAP Consultants. (source: Payscale 2015)
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Legal information
This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.