SAP FI/CO - Step by Step FLOW

1. Basic settings.

• Define company.
• Company code.
• Business area.
• Chart of accounts.
• Account groups.
• Fiscal year variant.
• Field status variant
• Document types and number ranges.
• Define retained earnings account.
• Tolerance group for employees and
• GI, A/CS.
• Assigning all above definition to company code.

2. General Ledger (GL)

• GL master creation.
• Journal entry posting in INR.
• Journal entry posting in foreign currencies.
• Blocking a GL posting.
• Unblocking a GL account.
• Parking a document.
• Holding a document.
• Reference document.
• Sample documents.
• Account assignment model.
• Recurring entries.
• Open item management.
• Full clearing.
• Residual clearing.
• Reversal.
• Normal reversal.
• Mass reversal.
• Reversal of the reversal.
• Account display.
• Document display.

3. Account receivable (AR)

• Account group creation (SD and FI customers).
• Field status reconciliation A/C.
• Define No. range group and number ranges.
• Assign No. range group to account groups.
• Creation of tolerance group for customers.
• GL – A/C creation.
• Customer master creation.
• Document types and No. ranges.
• Posting keys.
• Dunning.
• Credit memo.
• Party statement.

4. Account payable (AP)

• Account group creation (MM and FI vendors)
• Field status (Reconciliation A/C)
• Define No. range group and No. ranges.
• Assign No. range group to account groups.
• Define tolerance group for vendors.
• GL A/C creation.
• Vendor master creation.
• Posting keys.
• House banks.
• Credit memo.
• Party statement.

5. Asset management (Asset accounting) (AM / AA)

• Acquisition (Asses master creation)
• Depreciation keys (SLM, WDR)
• Sale of asset.
• Scrapping of an asset.
• Transferring of an asset from one business area to another.
• FI – MM integration.
• FI – SD integration.
• Taxes.

6. GL reports.

• Chart of accounts list.
• Balance sheet.
• Trial balance.
• General ledger list.

7. AR reports.

• List of customers.
• Customer wise sales.
• Due date analysis for open items.
• Customer wise advances.
• Customer ledger.

8. AP reports.

• List of vendors.
• Vendor wise purchase.
• Due date analysis for open items.
• Vendor wise advances.

9. AM reports.

• Asset wise values.
• Asset wise values (Year wise)
• Asset wise values (Month wise)
• Projected depreciation.
• Schedule wise depreciation.

10.Controlling.

• Introduction to controlling.
• Importance of controlling.
• Basic settings for controlling.
• Overhead cost controlling.
• Cost elements accounting.
• Primary cost elements.
• Secondary cost elements.
• Cost center accounting.
• Internal orders.
• Activity based costing (ABC).
• Product cost (Integrated with PP and MM).
• Profitability analysis (Integrated with SD).
• Profit center accounting.