Introduction to FICO

· ERP Concepts - Role of SAP Consultant - . Why SAP is in demand? - · Finance Overview
· Transaction, Accounts and Accounting

General Settings

Define Company, Company -  Code, Credit Control Area, Business Area, Chart of Accounts and Fiscal Year. -  Assign Company Code to Company, Chart of Accounts and Fiscal Year. -  Create Tax Procedure and Attach to the Country

Posting Period
Define Posting Period - Variant - Assign Posting Period - • Variant to company code - Define Open and Close - Posting periods

Document
Define Document Types and Number Ranges

Account Group and Retained Earning Account
Define Account Group and - Retained Earning Account

Field Status Variant
Maintain Field Status Variant - Assign Field Status Variant to Company Code

Tolerance Group Tolerance Group for GL Accounts
Tolerance Group for Employees - Assigning Users to Tolerance groups

Other Basic Steps
Enable Fiscal Year Default - Enable Default Value Date - Check Company Code settings in Global parameters

Other topics in GL
GL Master Creation - Journal Entry Posting - Blocking of an GL Account - Unblocking of an GL Account - Changing of GL Master - Display Changes/What - Changes/how it was done - Parking of an account - Releasing the parking document by changing the amount - Releasing the parking document by deleting the document - Difference between Park and Hold documents - How to see an Account Balance

Reference Documents
Sample document - Account Assignment Model - Recurring Entries

Reversal of Document
Normal Reversal/Individual Reversal - Mass Reversal - Reversal of the Reversal

Open Item Management
Full Clearing - Partial Clearing - Residual Clearing

Accounts Receivable (AR)
Account Group Creation - Field Status - No. RangGroup and No.Ranges - Assigning No. Range Group to Account Group - Tolerance Group for Customers - GL Accounts and Customer - Master Creations - Document Types and No. Ranges - Posting Keys - Invoice Posting - Incoming Payment - Clearing Open Items

Down Payment
Down Payment - Establishment between Recon - A/c and Alternative Recon A/c - Down Payment in Short-Cut Method - Customer Credit Memo - Correspondence

Accounts Payable (AP)
Account Group Creation - Field Status - No. Range Group and No. Ranges - Assigning No. Range Group to Account Group - Tolerance Group for Vendors - GL Accounts and Vendor - Master Creations(Bank Accounts) - Document Types and No. Ranges - Posting Keys - Invoice Posting - Outgoing Payment - Clearing Open Items

Down Payment
Down Payment - Establishment between Recon a/c and Alternative Recon a/c - Down Payment in Short-Cut – Method - Vendor Credit Memo – Correspondence

Special and Important Topics
CSales Tax - Clearing Outstanding - between Customer and Vendor - Cash Discount - Integration between FI and MM - Integration between FI and SD - Financial Statement Version

Asset Accounting (AA)
Chart of Depreciation - Account Determination - Screen Layout - Asset Master Creation - Asset Class - Depreciation Keys etc. - Acquisition of Asset - Asset Sale - Scrapping of an Asset - Transfer of Asset

Reports and Management Information System
GL Reports - AR Reports - AP Reports - AA Reports - MIS