SAP FICO training
Welcome to sap fico training Tutorials, Free sap fico training, Sap Tutorial, Sap Online sap FICO training, SAP MM, SAP PP, SAP SD, SAP ABAP, SAP HCM and all other modules.
SAP is a high-end sophisticated ERP solution, which provides integrated and real time system for the organization. SAP is business driven system. SAP has various modules based on business function like:
FI: Financial accounting
MM: Material Management
SD: Sales and Distribution
PP: production Planning
PM: Plant Maintenance
PS: Project system etc…..
SoftTrinity Provide by sap fico training also provide for industry solution and country specific taxation in multi-language and currency.
SAP- Financial Accounting provides for legal and external reporting. It supports to create Balance-sheet, Income statement and statement of financial position in real time. SAP FICO training is highly efficient module used all across the companies for maintaining books of accounts based on the accounting standards provided by company’s act of any country. It also support extended features like parallel valuation, budgeting, GAAP accounting, and consolidation. It is the backbone of any SAP implementation, as SAP is an integrated solution.Softtrinity Offered first time in surat SAP FICO training
Basic structure of SAP FI training is as below:
• Organization Structure
• General ledger
• Accounts payable
• Accounts receivable
• Bank Accounting
• Asset Accounting
Organization structure is basic framework of system implemented. Basic sap fico training structure has:
• Company : Organization entity
• Company code: Independent Legal entity
• Business Area: Co Code independent entity used for fetching segmental reports
• Profit center: Co Code independent entity used for fetching segmental reports
• Functional Area: Area of operations
• Credit control Area: For credit management of customers
General ledger initiates with Chart of Accounts, it has entire index of GL accounts. Master data of every Ledger is created and accounting entries are posted. General ledger covers scenarios like, accounting for expenses, interest, rent, adjustment entries, salary posting etc. We can fetch reports for individual ledgers as well as for all together. Trial balance and Financial statement version (B/S) is also online real time available Dual check or maker and checker concept is also present. Every transaction is recorded and provides for audit trails.
Accounts Payable is sub-ledger concept which provides online and real time balance sheet updated with current liabilities. It is linked with GL with reconciliation account. Vendor master is created with all the specifications related to vendors. Bill booking, advance payments, payment to vendors, clearing of invoice and advance against payment are general business process available. Vendor/Supplier ledger is created simultaneously. Correspondence with the vendors and various reports like ageing etc is also available.
Accounts Receivables is sub-ledger concept which provides online and real time balance sheet updated with current assets. It is linked with GL with reconciliation account. Customer master is created with all the specifications related to customers. Bill booking, advance received, payment from customers, clearing of invoice and advance against receipt are general business process available. Customer ledger is created simultaneously. Correspondence with the customer, credit management and various reports like ageing etc is also available.
Bank accounting is related with all bank related processes like, manual/electronic payment, receipts, bank reconciliation. Petty cash transactions are also done. It also supports Interface with banks. House bank and Bank key are main master data created here. It is closely integrated with GL accounts
Asset accounting is closely integrated with Financial Accounting. Mainly asset master is created all specifications like, capitalization date, depreciation calculation formulae, plant, cost center, location, vendor etc. Business process like procurement of asset, transfer, and revaluation/impairment, sale/scrap/retirement of asset and depreciation calculation is taken care of. Asset register is online rea time maintained. It is integrated with SAP MM/PS/PM/CO/SD modules.
Learning SAP FI module is evolutionary way of doing Accounting!!!!!!!!!!