FICO

Course Contents 

Basic settings: 

  • Define company.
  • Company code.
  • Business area
  • Chart of accounts.
  • Account groups.
  • Fiscal year variant.
  • Field status c\variant.
  • Document types and number ranges.
  • Define retained earnings account.
  • Tolerance group for employees and GI, A/CS.
  • Assigning all above definition to company code.
  • Assignments of sale taxes
  • Global Parameters

 General Ledger (GL): 

  • GL master creating.
  • Journal entry posting in INR.
  • Journal entry posting in foreign currencies.
  • Blocking a GL posting.
  • Unblocking a GL account.
  • Parking a document.
  • Holding a document.
  • Reference document.
  • Sample documents.
  • Account assignment model.
  • Recurring entries.
  • Open item management.
  • Full clearing.
  • Residual clearing.
  • Normal reversal.
  • Mass reversal.
  • Reversal of the reversal.
  • Account display.
  • Document display.
  • Interest Calculation

 ECC 6.0 New Feature in GL 

  • Configuring leading and non leading ledger
  • Document splitting
  • Foreign currency revaluations
  • Foreign Currency Translation

Account Receivable (AR): 

  • Account group creation (SD and FI customers)
  • Field status reconciliation A/C.
  • Define No. range group and No. ranges.
  • Assign No. range group to account groups.
  • Creation of tolerance group for customers.
  • GL – A/C creation.
  • Customer master creation.
  • Document types and No. ranges.
  • Posting keys.
  • Credit memo.
  • Party statement.

Account payable (AP): 

  • Account group creation (MM and FI vendors)
  • Field status (Reconciliation A/C)
  • Define No. range group and No. ranges.
  • Assign No. range group to account groups.
  • Define tolerance group for vendors.
  • GL A/C creation.
  • Vendor master creation.
  • Posting keys.
  • House banks.
  • Credit memo.
  • Party statement.
  • APP-Automatic payment Program

Asset management (Asset accounting) (AM / AA) 

  • Acquisition (Asses master creation)
  • Depreciation keys (SLM, WDR)
  • Sale of asset.
  • Scrapping of an asset.
  • Transferring of an asset from one business area to another.

GL reports.

  • Chart of accounts list.
  • Balance sheet.
  • Trial balance.
  • General ledger list.

AR reports. 

  • List of customers.
  • Customer wise sales.
  • Due date analysis for open items.
  • Customer wise advances.
  • Customer ledger.

AP reports: 

  • List of vendors.
  • Vendor wise purchase.
  • Due date analysis for open items.
  • Vendor wise advances.

AM reports: 

  • Asset wise values.
  • Asset wise values (Year wise)
  • Asset wise values (Month wise)
  • Projected depreciation.
  • Schedule wise depreciation.

 Overview of CIN:

 TAXES-Country India version

  • Basic configuration
  • Excise duty
  • Sales-Taxes
  • Service tax

 TDS-WITHHOLDING TAX

 Integration: 

  • FI – MM integration.
  • FI – SD integration.

Controlling:

  • Introduction to controlling.
  • Importance of controlling.
  • Basic settings for controlling.
  • Overhead cost controlling.
  • Cost elements accounting.
  • Primary cost elements.
  • Secondary cost elements.
  • Cost center accounting.
  • Internal orders.
  • Activity based costing (ABC).
  • Product cost (Integrated with PP and MM).
  • Profitability analysis (Integrated with SD).
  • Profit center accounting.

Overview of ASAP Methodology