by K.Lakshmana Swamy Charted Accountant, Cost Accountant and SAP Certified Consulatant
SAP FICO, FSCM and Simple Finance Online Trainer since 9+ years..
Introduction to SAP R/3
- Introduction to ERP, Advantages of SAP over other ERP Packages
- Introduction to SAP R/3 FICO
Financial Accounting Basic Settings
- Definition of company
- Definition of company code
- Assignment of company to company code
- Definition of business area
- Definition of fiscal year variant
- Assignment of fiscal year variant to company code
- Definition of posting period variant
- Assignment of posting period variant to company code
- Open and close posting period
- Defining document type & number ranges
- Maintenance of field status variants
- Assignment of field status variant to company code
- Definition of tolerance groups for GL accounts
- Definition of tolerance groups for employees
- Assignment of tolerance groups to users
- Taxes on Sales & Purchases (input & output)
- Creation of chart of Accounts
- Defining Accounts Groups
- Defining Retained Earnings Account.
General Ledger Accounting:
- Creation of General Ledger Master (with and with out reference)
- Display/Change/Block/Unblock of general ledger master
- Document Entry posting normal postings and posting with reference
- Display and change of documents
- Display of GL balances
- Display GL account line items
- Parked documents
- Hold documents
- Creation of Sample Document and postings with sample documents
- Defining recurring entry document and postings with recurring doc.
- Creation of account assignment model and posting
- Configuration of line layouts for display of GL line items
- Reversal of individual documents, mass reversal , reversal of cleared items and reversal of accrual and deferral document
- Defining Exchange Rate types and Translation ratios
- Define Exchange rates & posting of foreign currency transactions
- Interest calculations on term loans
- Accrual and Deferral documents
Accounts Payable
- Creation of vendor account groups
- creation of number ranges for vendor master records
- assignment of number ranges to vendor account groups
- Creation of tolerance group for venders
- Creation of vendor master (display/change/block/unblock of vender master)
- Posting of vendor transactions (invoice posting, payment posting, credit memo)
- Settings for advance payments to parties (down payment) and clearing of down payment against invoices (special GL transactions)
- Posting of partial Payment & Residual Payment
- Creation of payment terms,
- Creation of house banks and account ids.
- Creation of check lots and maintenance of check register
- display check register
- cancellation of un issued checks
- creation of void reasons
- cancellation of issued checks
- posting of purchase returns
- Configuration of automatic payment program
- Payment to vendors through APP
- Defining correspondence & party statement of accounts
Accounts receivable
- Creation of customer account groups
- creation of number ranges for customer master records
- assignment of number ranges for customer account groups
- Creation of tolerance group for customers
- Creation of customer master (display/change/block/unblock of vender master)
- Posting of customer transactions (sales invoice posting, payment posting, debit memo)
- Settings for advance payment from parties (down payment)
- Configuration of settings for dunning
- generating the dunning letters
- defining correspondence and party statement of accounts
- Bills of exchange
- posting of sales returns
Asset Accounting
- Defining chart of depreciation
- creation of 0% tax codes for sales and purchased
- assignment of chart of depreciation to company code
- Defining account determination
- definition of screen lay out rules
- definition of number ranges for asset classes
- Integration with General Ledger & Posting rules
- Defining Depreciation key
- definition of multilevel methods
- definition of period control methods
- creation of main asset master records
- creation of sub asset master records
- Acquisition of fixed assets
- sale of fixed assets
- transfer of assets
- Scrapping of assets,
- Depreciation run
- Line item Settlement of assets under construction of capital work in progress
New General ledger accounting
- Parallel ledgers
- document splitting
- Segments
Reports
- Financial statement version
- General Ledger, Accounts Payable, Accounts Receivable and Assets Reports
CONTROLLING
Basic settings for controlling
- Defining Controlling Area
- Defining Number ranges for Controlling Area
- Maintain Planning Versions
Cost element accounting:
- creation of primary cost elements from financial accounting area
- creation of primary cost elements from controlling area
- display of cost element master records
- change cost element master records
- primary cost element categories
- secondary cost element categories
- default account assignments
Cost Center Accounting
- Defining Cost Center Standard Hierarchy
- Creation of Cost Centers and cost center groups
- display cost center master records
- change cost center master records
- creation of cost center groups
- posting to cost centers
- reposting of co line items
- Repost of Costs
- planning for cost centers
- Overhead Calculation
- creation of secondary cost element master records
- Creation and Execution of Distribution Cycle
- creation and execution of assessment cycles
- cost center reports
Internal Orders
- Defining order types
- Creation of internal order master records
- display internal order master records
- change internal order master records
- postings to internal orders
- planning for internal orders
- reposting co line items for internal orders
- repost of costs for internal orders
- Report of Variance analysis for internal orders
- creation of real internal orders
- posting of business transaction to real orders
- definition of allocation structures
- definition of settlement profiles
- definition of planning profiles
- settlement of real internal orders
- budgeting and availability control
- maintain number ranges for budgeting
- define tolerances for availability control
- specification of exempt cost elements from availability control
- maintenance of budget manager
Profit Center Accounting
- Basic Settings for Profit Center Accounting
- Creation of Dummy Profit Centers
- maintenance of control parameters for actual postings
- Maintaining planning versions for profit centers
- maintaining the number ranges for profit center documents
- Creation of profit center master records
- display of profit center master records
- changing the profit center master records
- Creation of revenue cost elements
- Automatic Assignment of Revenue elements for Profit Centers
- assignment of profit centers in cost center master records
- creation of account groups in profit center accounting for planning
- planning for profit and loss account items
- planning for balance sheet items
- posting of transactions into profit centers
- generating the variance reports for profit and loss account items
- Generating the variance reports for balance sheet items.
Profitability analysis
- Maintain characteristics
- Main value fields
- Maintain operating concern
- Define profitability segment characteristics
- Assignment of controlling area to operating concern
- Activate profitability analysis
- Define number ranges for planning data
- Maintain plan versions
- Maintain number ranges for actual data
- Activate transfer of incoming sales orders
- Mapping of SD condition types to COPA value fields
- Mapping of SD quantity fields to COPA quantity fields
- Maintain PA transfer structure for direct postings from FI/MM
- Define forms (report painter)
- Create reports
- Execute reports
Product costing:.
Product cost planning:
- Maintain overhead cost elements
- Creation of dummy cost center
- Define overhead keys
- Define overhead groups
- Define calculation bases
- Define percentage overheads
- Define credits
- Define costing sheet
- Assign costing sheet to costing variant
- Creation of allocation cost elements
- Creation of activity types
- Creation of GL accounts and primary cost elements
- Creation of cost centers
- Creation of cost center groups
- Planning – cost enter wise
- Planning for activity hours
- Activity price calculation
- Define cost component structure
- Determine person responsible for work center
- Define MRP controllers
- Define floats
- Define production scheduler
- Creation of material master records- finished goods
- Creation of raw material master records
- creation of bill materials
- creation of work center master records
- creation of routings
- creation of cost estimate with quantity structure
- marking
- releasing
- creation of cost estimate without quantity structure
Integration of financial accounting with materials management:
- Definition of organizational units in materials management i.e. plant, storage location and purchase organization
- Assignemnt of organizational units to each other
- Definition of tolerance groups for purchase orders
- Definition of tolerance groups for goods receipt
- Definition of tolerance groups for invoice verification
- Definition of vendor specific tolerances
- Creation, display and change of material master records
- Creation of plant parameters
- Maintenance of posting periods for materials management
- Mainternace of parameters for invoice verification
- Maintenance of plant parameters for inventory management and physical inventory
- Definition of attributes for material types
- Assignment of GL accounts for material transactions in financial accounting
- Creation of purchase order
- posting of goods receipt
- invoice verification
- Goods issue for production
Integration of financial accounting with sales and distributioin:
- Definition of sales organization
- definition of distribution channels
- definition of divisions
- assignment among various organizational units in SD
- definition of partner functions
- definitions of shipping point and loading points
- definition of pricing procedures
- determining the shipping points
- determining the pricing procedures
- maintenance of SD condition types
- maintenance of condition records
- assignment of GL accounts for sales transactions
- creation of sales order
- initialization of stock
- posting the delivery of goods
- creating the sales invoice