SAP FICO Training (Advance) will help develop the SAP skills and knowledge needed to compete in the current SAP employment market and adapt to future changes.
Pre-requisites of SAP FICO Advance Training: To study advance topics it is imperative to have a solid foundation. We recommend that students take the Basic SAP FICO training first. That much said we recognize that there are a lot of people who have acquired more or less the same knowledge via work experience. We will accept professionals in our Advance SAP FICO course if they pass the exam. Please call to speak with one of our friendly educational counselors on +1-832-419-7371 or +1-281-412-7372 for more details.
SAP FICO Training Schedule
|Start Date:||More Options|
|Tuition:||Call +1-832-419-7371 for Prices|
|Day 1||Sat 11/05/2016|
|Day 2||Sat 11/12/2016|
|Day 3||Sat 11/19/2016|
|Day 4||Sat 12/03/2016|
|Day 5||Sat 12/10/2016|
|RAM:||2 GB minimum|
|Headset:||With built-in microphone|
|Operating System:||Windows XP or newer|
|Operating System:||Mac OS|
|Online Meeting||GoToMeeting (GoToMeeting.com)|
|Remote Support||TeamViewer (TeamViewer.com)|
|Timing:||9am to 5pm us cst (CST)|
|Books/Guides:||Step By Step Guide|
|System Access:||90 Days|
(Monday to Friday, 9am ~ 5pm [CST])
The general ledger in SAP R/3 is highly assorted. R/3 customers have to implement several SAP components in order to fulfill accounting requirements. To ease this problem, SAP has created a new, flexible general ledger solution in SAP ERP. New G/L merges the classic general ledger with profit center accounting, special ledger.
New general ledger accounting in mySAP ERP has the following features:
You can portray parallel accounting in your SAP System. This enables you to perform valuations and closing preparations for a company code according to the accounting principles of the group as well as other accounting principles, such as local accounting principles.
Input and output tax is calculated on revenue or expense items (base amount). The tax amounts are posted to separate tax accounts and refunded by the tax office (input tax) or paid to the tax office (output tax). The tax percentage rates vary from country to country and are determined when you define the tax codes.
Document splitting allows you to display documents using a differentiated representation. In the representation, line items are split according to selected dimensions. So you can draw up financial statements for the selected dimensions at any time.
Several company codes are involved in a cross-company code transaction. In a cross-company code transaction, the system posts a separate document with its own document number in each of the company codes. Individual documents are linked by a common cross-company code number. The system generates line items automatically (receivable and payable arising between company codes) in order to balance the debits and credits in each document. You may use only one company code for offsetting entries.
Asset Accounting: The SAP Asset Accounting (FI-AA) component is used for managing and supervising fixed assets with the SAP R/3 System. In SAP R/3 Financial Accounting, it serves as a subsidiary ledger to the FI General Ledger, providing detailed information on transactions involving fixed assets.
Traditional asset accounting encompasses the entire lifetime of the asset from purchase order or the initial acquisition (possibly managed as an asset under construction) through its retirement. The system calculates, to a large extent automatically, the values for depreciation, interest, insurance and other purposes between these two points in time, and places this information at your disposal in varied form using the Information System.
Concepts of Lockbox:Customer payments are posted into the system to represent the collection of money and the application of this money against Customer liabilities to the company. This can be performed two ways within the system, either on an individual payment-by-payment basis, or collectively, in what is commonly called lockbox processing.
Credit Management: Large number of outstanding receivables or bad debts can have a not inconsiderable impact on company performance. Using Credit Management, you can minimize your credit risk by defining a credit limit for your customer.
Interest Calculation on G/L and A/R: We calculate interest on overdue customer accounts and general ledger accounts. Interest can be calculated by using the line items interest or overall account balances.
Integration FI-MM-SD: SAP FICO is a core module in SAP and tightly integrated with MM and SD.
Cost Center Accounting: You use Cost Center Accounting for controlling purposes within your organization. The costs incurred by your organization should be transparent. This enables you to check the profitability of individual functional areas and provide decision-making data for management. This requires that all costs be assigned according to their source. However, source-related assignment is especially difficult for overhead costs. Cost Center Accounting lets you analyze the overhead costs according to where they were incurred within the organization.
Activity Type: A Activity type defines activity provided by a cost center.
Accrual Calculation:We use Accrual calculation to prevent periodic cost fluctuation in cost accounting. You distribute irregular cost to the relevant periods in controlling.
Reconciliation Ledger: Reconcile the Management Accounting to Financial Accounting on real time.
Internal Order:An instrument used to monitor costs and, in some instances, the revenues of an organization.
Internal orders can be used for the following purposes:
Internal orders are divided into the following categories:
Overhead orders: For short-term monitoring of the indirect costs arising from jobs. They can also be used for continuous monitoring of sub-areas of indirect costs. Overhead orders can collect plan and actual costs independently of organizational cost center structures and business processes, enabling continues cost control in the enterprise.
Investment orders: Monitor investment costs that can be capitalized and settled to fixed assets.
Accrual orders: Monitor period-based accrual between expenses posted in Financial Accounting and accrual costs in Controlling.
Orders with revenues: Monitor the costs and revenues arising from activities for partners outside the organization, or from activities not belonging to the core business of the organization.
Profitability Analysis (CO-PA) enables you to evaluate market segments, which can be classified according to products, customers, orders or any combination of these, or strategic business units, such as sales organizations or business areas, with respect to your company's profit or contribution margin.
The aim of the system is to provide your sales, marketing, product management and corporate planning departments with information to support internal accounting and decision-making.
Two forms of Profitability Analysis are supported: costing-based and account-based.