SAP

Components of Financial Accounting (FI)

1. Organizational Elements/basic settings
2. General Ledger (FI/GL)
3. Accounts Receivable (FI/AR)
4. Accounts payable (FI/AP)
5. Asset Accounting (FI/AA)
6. Special Purpose Ledger (FI-SL)

Enterprise Structure  

• Define Company
• Define Company Code
• Assign Company Code to Company
• Define Business Area

Financial Accounting Global Settings

• Maintain Fiscal Year Variant (Maintain Shortened Fiscal Year)
• Assign Company Code to a Fiscal Year Variant
• Define Variants for Open Posting Periods
• Assign Variants to Company Code
• Open and Close Posting Periods
• Define Document Types
• Define Document Number Ranges
• Define Posting Keys
• Maintain Field Status Variants
• Assign Company Code to Field Status Variants
• Enter Global Parameters

General Ledger Accounting: 

• Define Chart of Accounts List
• Assign Company Code to Chart of Accounts
• Define Account Group
• Define Retained Earnings Account
• Define Tolerance Groups for G/L Accounts
• Define Tolerance Groups for Employees
• Creation of G/L Masters
• G/L Account Document Postings
• Parked Document
• Hold Document
• Sample Document
• Accrual/Deferral Document

 Recurring Entries 

• Define Run Schedules
• Enter run dates
• Posting transactions
• Execute run schedule
• Create Batch input Session

Reversal Documents Open Item Management

• Interest Calculations
• Foreign Currency Valuations

Accounts Receivable and Accounts Payable

• Creation of Vendor Groups
• Creation of Vendor Number ranges
• Assign Vendor Number ranges to Vendor Groups
• Creation of Vendor Masters
• Creation of Vendor Documents and Number ranges
• Vendor Documents Postings (Purchase Invoice)
• Advance Payment Postings
• Automatic Payment Program

Creation of Customer Groups 

• Creation of Customer Number ranges
• Assign Customer Number ranges to Customer Groups
• Creation of Customer Masters
• Creation of Customer Documents and Number ranges
• Customer Document Postings (Sales Invoice)
• Advance Payment Postings
• Dunning Program
• Bills of Exchange
• Creation of Payment Terms
• Creation of Credit Memo
• Customer/Vendor Statements

 Bank Settings

• House Bank Creation
• Check Lot Creation
• Creation of Bank Accounts
• Issued Check Cancellation
• Manual Check Updating
• Bank Reconciliation Statement

 Tax Settings

• Withholding Tax and Extended Withholding Tax Configuration

1. Basic Settings for W/Tax
2. Defining the Calculation Procedure for W/Tax Types and W/Tax Codes
3. Assign W/Tax Procedure to Vendor Posting.

• Sales Tax Configuration

 Asset Accounting

• Copy Reference Chart of Depreciation/Depreciation Areas
• Assign Chart of Depreciation to Company Code
• Specifying Account Determination
• Create Screen Layout Rules
• Define Number Range Interval
• Define Asset Classes
• Assign G/L Accounts
• Specify Document Type for Posting of Depreciation
• Specify Intervals and Posting Rules
• Specify Rounding of Net Book Value and/or Depreciation
• Define Base Methods
• Define Declining-Balance Methods
• Define Maximum Amount Methods
• Define Multi-Level Methods
• Maintain Period Control Methods
• Maintain Depreciation Key
• Define Screen Layout for Asset Master Data
• Define Screen Layout for Asset Depreciation Areas
• Creation of Asset Master
• Asset Acquisitions
• Asset Retirements
• Asset Transfers
• Asset Scarping
• Asset Reports
• Depreciation Running

 Integration FI integration with MM FI integration with SD Components of Controlling (CO) Cost Element Accounting (CO-OM-CEL)

1. Cost Center Accounting (CO-OM-CCA) 3. Internal Orders (CO-OM-OPA) 4. Profit Center Accounting (EC-PCA)

 General Controlling                                                                                               

• Maintain Controlling Area
• Maintain Versions
• Maintain Number Ranges for Controlling Documents

Cost Element Accounting 

• Manual Creation of Primary and Secondary Cost Elements
• Automatic Creation of Primary and Secondary Cost Elements
• Create Cost Element Groups
• Planning of Cost Elements wise Cost
• Creation Assessment and Distribution Cycles

 Cost Center Accounting

• Create Cost Centers
• Define Cost Center Categories
• Document Postings to Cost Centers
• Define Cost Center Groups
• Planning Cost Center Wise
• Cost Center Wise Variance Reports
• Repost CO Line-items
• Repost Cost

Internal Orders 

• Define Order Types
• Maintain Number Ranges for Orders
• Creation of Internal Orders
• Creation of Internal Order Groups
• Internal Order Settlements

Profit Center Accounting 

• Maintain Controlling Area Settings
• Create Dummy Profit Center
• Profit Centre Maintenance
• Profit Centre Groups Maintenance
• Define Number Ranges for Local Documents
• Choose Additional Balance Sheet and P&L Accounts

 PRODUCT COSTING OVERVIEW  Year-end Closing Activities Financial Statement Version,  Balances Carry forward to Next year.