SAP Financial Accounting & Controlling

ERP Concepts
Financials (F1)

General Settings

• Set Countries
• Define Currency
• Define Field Display Characteristics

Enterprise Structure Settings Definition

• Define Company
• Define Company Code
• Define Business Area
• Define Consolidation Business Area

Assignment

• Assign Company Code to Company
• Assign Company Code to Credit Control Area
• Assign Business Area to Consolidation Business Area

Financial Accounting Global Settings

• Define Fiscal Year Variant
• Assign Company Code to Fiscal Year Variant
• Define Variants For Open Posting Periods
• Open And Close Posting Periods
• Assign Variant to Company Code
• Define Document Number Ranges
• Define Maximum Exchange Rate Difference per CC& Foreign Currency
• Maintain Posting Keys
• Define Field Status Variants
• Assign CC to Field Status Variants
• Define tolerance Groups For Employees
• Assign tolerance Groups

Tax Calculation on Sales & Purchases                            Top

• Define/Check Calculation Procedure
• Assign Country to Calculation Procedure
• Define Tax Codes
• Define Tax Accounts
• TAX Codes For Non-Taxable Transactions
• Post Business Transactions using TAX

General Leger Accounting

• Define Chart Of Accounts
• Assign CC to Chart of Accounts
• Define Account Group
• Define Retained Earnings Accounts
• Create General Ledger Account
• Define Document Types
• Define Posting Keys
• Posting Documents in GL
• Posting Documents in Foreign Currency
• Posting Documents with Accounts Assignment Model. Posting
• Documents With Sample Documents
• Open Items Clearing
• Prepare Automatic Clearing
• Foreign Currency Valuation
• Posting Documents with Accrual/Deferral

Accounts receivables                                             Top

• Define Customer Master Records
• Define Account Groups
• Define Numbering for Customer Master Records
• Define Reconciliation Accounts
• Changing Master Records
• Blocking Master Records
• Document Entry and Posting
• Document Parking
• Document Holding

Posting Credit Memo

• Posting Documents in Foreign Currency
• Posting Documents to OTCA
• Entering Payment Requests
• Displaying Customer Account Balances and Line Items
• Posting Incoming Payments & Outgoing Payments from/to Customers
• Define Dunning Keys
• Define Dunning Grouping
• Define Dunning Block Reasons

Accounts Payables                                               Top

• Creating Vendor Master Record
• Define Account Groups
• Define Numbering for Vender Master Groups
• Define Vender Ranges for Recurring Entries and Sample Document
• Entering Invoices & Credit Memos
• Cross Company Code Transactions
• Define Recurring Entry Templates
• Generating & Posting Recurring Entries
• Displaying Changing & Deleting Recurring Entries
• Reversing Posted Documents
• Posting Outgoing Payments & Incoming Payments to/from Vendors

Asset Accounting

• Creation of Asset Record
• Creation of Asset Classes
• Purchase of Assets
• Sales of Assets
• Transfer of Assets
• Depreciation Run
• Scrapping of Assets
• Capital Work in Progress Settlement
• Profit/Loss on sale of Assets                             Top