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SAP FI Training

SAP FI (Financial Accounting) is one the largest functional core Module in SAP. It handles all the processes from Record to Report. The main operations this module handles are general ledger accounting, accounts payable, accounts receivable, asset accounting, banking ledger, etc.

Course length                    -  44 hours (Approx), approx 80 videos

Delivery                              - E-Learning (Recorded Videos Training) with 100% support

Price                                   - US$599

How to Enroll?                    - Click here

Who should attend?           - Those interested in gaining in-depth knowledge of SAP FI. (Example: Business analyst, project team members, consultants, etc.)

Prerequisites                      - Basic knowledge of financial accounting is preferred.

Level                                  - Basic to Intermediate.

Objectives                                • Understand and configure the SAP FI Organizational Units, Master Data and Documents
                                           • Understand and utilize the SAP Financial transactions involving General Ledger Accounting, Accounts Payable, Accounts Receivable and                                                                         Banking
                                           • Understand the configuration and applications of Asset Accounting
                                           • Understand the integration between Asset Accounting and SAP Financials
                                           • Utilize Validations and Substitution               

Training Package           • Study Materials
                                           • Assignments
                                           • 3 months of SAP ECC Server access
                                           • Student Forum to discuss problems.
                                           • 6 Months Access of Recorded Sessions
                                           • Case Study
                                           • Assignments
                                           • SAP FI Step-by-step Configuration Guide.
                                           • Guidance to pass SAP FI Certification exam. 

SAP FI Course Contents

Introduction to ERP and SAP FI

Basics
• Map the accounting structure of a company in SAP.
• Create a company code.
• Describe the use and advantages of the variant principle
• Explain the necessity and use of a fiscal year variant
• Explain different types of fiscal year variants
• Define a fiscal year variant
• Assign the fiscal year variant to a company code
• Define currencies.
• Describe the meaning of different exchange rate types
• Maintain exchange rates
• Use the different tools for maintaining exchange rates
• Explain the options for maintaining exchange rates
• Set up document types and number ranges.
• Utilize and explain posting keys.
• Configure and test validations and substitutions.

General Ledger
• Define and use a chart of accounts
• Explain the advantages and disadvantages of group and country chart of accounts
• Describe the structure of a general ledger account
• Control the format of a general ledger account
• Name and describe different types of general ledger accounts
• Create, maintain and control general ledger accounts
• Describe how you can change several general ledger accounts at the same time
• Maintain exchange rates.
• Create and reverse general ledger transfer postings.
• Post cross-company code transactions.
• Create profit centers and segments.
• Clear an account.
• Maintain tolerances.
• Maintain tax codes.
• Perform postings with document splitting.
• Parallel accounting with the accounts and ledger approach.
• Describe the structure of accounting documents
• Open and close periods
• Open and close posting periods differently for different account types
• Define the amounts that specific groups of accounting clerks are allowed to post
• Assign users to a tolerance group for highest amounts
• Post simple documents in FI
• Define default values
• Configure user/specific default values
• Determine default values in the system and the configuration
• Explain the rules governing changes to documents
• Change documents
• Analyse changes to documents
• Reverse documents
• Find reversal reasons in customizing
• Define terms of payment
• Explain the account determination for automatic postings of cash discounts
• Describe the treatment of taxes
• Create tax codes and define tax accounts in the configuration
• Explain cross-company code transactions
• Post cross-company code transactions
• Explain the clearing process
• Clear and account
• Post with clearing
• Post incoming and outgoing payments
• Reset clearing
• Post payment differences
• Describe tolerance groups and their role for posting payment differences
• Post partial and residual payments
• Create and use payment difference reason codes
• Explain the system treatment of exchange rate differences
• Describe special GL transactions
• Explain the particularities of special GL transactions
• Explain the functions of special GL transactions
• Configure special GL transactions or check their configurations
• Create your own special GL transactions as needed
• Describe the functionality of document parking
• Identify the difference between parking documents and holding documents
• Park FI documents
• Edit, delete, or post parked documents
• Describe how to use the workflow when parking documents
• Name the advantages of using workflow when parking documents

Banking Ledger
• Maintain bank master data.
• Define house banks.
• Create a cash journal and assign it to a GL account
• Explain business transaction categories
• Create business transactions
• Save and post business transactions in the cash journal
Accounts Payable
• Define and use a chart of accounts
• Describe the structure of a general ledger account
• Control the format of a general ledger account
• Name and describe different types of general ledger accounts
• Create, maintain and control general ledger accounts
• Describe how you can change several general ledger accounts at the same time
• Create and maintain vendor accounts.
• Post and reverse invoices and payments and use special GL transactions.
• Manage partial payments.
• Block open vendor invoices for payment.
• Configure and use the payment program.
• Define the customizing settings for the Payment Medium workbench (PMW).
• Create a payment medium using the PMW.
• Use the debit balance check for handling payments.
• Set up dunning and execute dunning.
• Define terms of payment and payment types.
• Understand integration with procurement.

Accounts Receivable
• Create and maintain customer accounts.
• Post invoices and reverse and payments and use special GL transactions.
• Manage partial payments.
• Define terms of payment and payment types.
• Explain the connection of customers to vendors.
• Set up correspondence and send periodic account statements.
• Understand integration with sales and distribution.
• Create special GL indicators and post with special GL indications.

Asset Accounting
• Create and maintain chart of depreciations and the depreciation areas.
• Create and maintain asset classes and asset master data.
• Configure and perform FI-AA business processes in the SAP System.
• Setup valuation and depreciation.
• Perform periodic and year-end closing processes.
• Explain and configure parallel accounting (with the accounts solution)
• Assign a chart of accounts and a chart of depreciation to a company code
• Describe how asset accounting is integrated with cost accounting
• Assign asset classes to assets
• Define which depreciation areas post their values to the general ledger
• Process mass changes using a worklist
• Post integrated and non-integrated asset acquisitions in the system
• Post integrated and non-integrated asset retirements in the system
• Represent intracompany and intercompany asset transfers in the system
• Represent assets under construction in the system
• Represent unplanned depreciation in the system
• Define depreciation areas
• Describe how a depreciation term is used in different depreciation areas
• Control the calculation of depreciation
• Analyse depreciation values
• Initiate the depreciation posting run
• Explain the task of the fiscal year change program and the year-end closing programs
• Choose and execute the various asset accounting reports
• Setup variable sorting and totalling for asset reporting
• Create the asset history sheet, and structure it to meet your needs
• Generate a depreciation forecast
• Simulate depreciation for assets

Reporting
• Create evaluations in the information system.
• Customize the accounts receivable/accounts payable information system.
• Use drilldown reporting.
• Define forms and execute reports.
• Create, change and execute queries.

Financial Closing
• Perform month and year-end closing in Financial Accounting (exchange rate valuation, post provisions etc.)
• Create balance sheet and profit and loss statements.
• Monitor closing operations using the Financial Closing Cockpit.
• Post accruals with accrual documents and recurring entry documents.
• Manage posting periods.

Bonus Content!! (Not part of the FI Certification Exam)

Basics
• FI Integration with CO module
• CO Org units
• Define Controlling Area
• Assign Company Code to Controlling Area

Cost Element Accounting
• Analyse the various types of Cost Elements
• Create Cost Elements for GL accounts
• Create Cost Elements for Allocation Cycles

Cost Center Accounting
• Define, Create, and Configure Cost Centers
• Define and Create Cost Center Hierarchy
• Determine usage of Cost Center Accounting with Planning Functionality
• Create an allocation cycle

Internal Orders
• Determine Internal Order Types and Planning
• Determine Internal Order Settlement Rules
• Create Number Ranges for Internal Orders
• Assign Budgets to Internal Orders
• Analyse Budget, Plan, Commitment and Available values

Profit Centers
• Create Organizational Chart for Profit Centers
• Execute Profit Center Reports           

Statistical Key Figures (SKFs)
• Understand the benefits of using SKFs
• Create and Enter SKFs
• Run an Allocation Cycle using SKFs

Activity Types
• Understand the use of Activity Types
• Create Activity Types
• Perform Internal Activity Allocation and Direct Activity Allocation

Profitability Analysis (CO-PA)
• Define Operating Concern
• Understand the Hierarchy for Profitability Analysis
• Understand the CO-PA objects: Characteristics, Value Fields, Characteristic Values, Profitability Segments
• Understand the difference between Account-based and Costing -based CO-PA
• Understand the customization settings for “Flow of Actual Values” to CO-PA
• Configure Assessment Cycle to transfer costs from Cost Centers to Profitability Segments
• Create transactional entries for CO-PA segments
• Create CO-PA reports using Forms

Product Costing
• Understand what is Product Costing and its goals
• Learn the costing sequence and product life cycle
• Organizational structure for material costing
• Understand Product Cost Planning and create Plan Assessment cycle                                                                                                  

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