SAP FICO CONCEPTS

SAP FI GL

• Company code configuration which includes creating chart of accounts,
• Creating posting period variant, defining retained earnings account,
• Creating document types. Define tolerance groups for employees
• Configuration for Maximum exchange rate differences
• Configuring parallel currencies
• Configuration for automatic clearing
• Configuration for foreign currency valuation
• Configuration for regrouping of GR/IR clearing
• Creating financial statement version i.e. defining balance sheet and profit and loss account
• Integration - FI- MM automatic account assignment, FI- SD automatic account assignment

SAP AR & AP & Bank accounting

• Configuring account groups for Customers and Vendors, defining screen layout per activity for customers and vendors
• Deleting customer data
• Configuring payment terms
• Automatic account assignment for various AR & AP transactions like bank charges, overpayments/underpayments, exchange rate difference, rounding differences
• Configuring payment block reasons
• Configuring automatic payment program
• Includes House bank configuration
• Configuring the manual bank reconciliation and the electronic bank reconciliation
• Configuration for dunning
• Configuration for special G/L transactions like down payment made, down payment received
• Configuration for regrouping according to maturity

SAP Asset Accounting

• Creating/Copying Depreciation Areas- Assignment to company Code,
• Input Tax Indicator Configuration , Screen Layout Rules
• Specify Account Determination Rules - Define Asset Classes, Number Ranges,
• Critical Check Boxes Notification
• Integration of Asset Accounting with General Ledger, Defining Posting Rules to Cost Center, Specify Financial Statement Versions for Asset Accounting
• Complex Depreciation Calculation Procedures- Setting up of Depreciation Areas, depreciation key, Define Cut off Value key
• Defining the crucial Base Methods, Declining Balance Methods, Multilevel Methods, Maintaining Period Controls
• Pre Production Go Live Activities and Their Configuration

SAP Cost Center Accounting

• Maintaining controlling area settings, which includes defining modules which are active i.e. profit center, profitability analysis, internal orders. Assigning company code to controlling area.
• Multiple valuation approaches/transfer prices - maintaining currency and valuation profile assigning it to controlling area, creating actual versions for parallel valuations
• Cost element accounting - creation of various types of cost elements
• Settings for Reconciliation Ledger which includes defining adjustments accounts for reconciliation postings
• Creating cost center hierarchy, cost center, cost center groups, activity types, statistical key figures
• Creating planning layouts for cost center planning
• Configuring various allocation cycles - Distribution, assessment, indirect activity allocation. Configuring the splitting structure
• Configuring automatic account assignment table.

SAP Product Costing & Material Ledger Configuration

• Product Cost Planning- Detailed configuration of overhead keys, costing sheets, overhead groups and Complete Cost Component Structure
• Material Cost Estimates - In depth configuration and analysis of the Costing Variants including Valuation variant, Transfer Strategy and Costing Types
• Special Features of Cross Company Costing
• Complete Cost Object Controlling Configuration across various industries including Repetitive Manufacturing
• Complete Integration with Production Planning on Default Order types, parameter checks
• Work in Progress Configuration- Calculation of Results Analysis keys, Valuation Method and Assignments.
• Detailed Variance Calculation configuration and setting up of Variance keys
• Setting up the Settlement Profile, Allocation and Source Structure including the complex PA Transfer Structure
• Detailed configuration for Sales Order Costing - Make To Order (An absolute steal)
• Detailed configuration for Make to Stock ( An absolute steal)
• Detailed configuration of Material Ledger ( A real value add)

SAP Profit Center

• Maintaining profit center settings, creating dummy profit center, making settings for actual flow of data.
• Maintaining profit center hierarchy, creating profit center
• Maintaining settings for transfer prices
• Maintaining planning layout for profit center planning
• Configuring allocation cycles - Distribution, assessment
• Maintaining automatic account assignment of revenue elements
• Maintaining the additional balance sheet and profit and loss accounts (3KEH)

SAP Profitability Analysis

• Configuring the operating concern which includes maintain characteristics, maintain value fields. Copying customizing from an existing operating concern
• Maintaining user defined characteristics, maintaining characteristics hierarchy
• Define Characteristics derivation
• Configuring valuation strategies. Valuation using standard cost estimate
• Configuring condition tables and costing sheets
• Manual planning, automatic planning, integrated planning
• Configuring the value flow from SD to COPA, configuring the value flow from FI, MM to COPA
• Configuring assessment cycle for value flow from CO to COPA
• Configuring settlement of production variances to COPA
• Configuring Profitability reports for COPA