SAP FICO Mastery: From Beginner to Advanced & Practice Test

Create segments by product lines for internal reports. Configure company codes, fiscal year variants, posting periods (including open posting periods), field status variants, and document types in SAP FICO.

Explore SAP FICO configurations, including document number ranges and posting keys, and learn to design and assign chart of accounts and account groups for accurate general ledger accounting.

Learn to configure SAP GL accounts by defining account groups for assets, liabilities, incomes, and expenses; set up retained earnings and tolerance groups; enable document splitting for line items.

Master profit center accounting in a SAP controlling area, covering number ranges, standard hierarchy, dummy profit centers, and functional area configuration for cost of sales integration.

Create and manage business partners as customers or vendors, define BP roles, assign account groups with number ranges, and map reconciliation accounts across SAP CRM and SRM.

Learn end user transaction posting in SAP FICO, including posting rent expenses via GL accounts with FB50, and processing customer invoices, vendor invoices, and credit memos.

Explore how SAP FICO handles document holding and parking, open items clearing, and post with clearing processes, including standard, partial, and residual payments.

Master the residual payment process in sap fico: when a partial payment clears the full invoice and creates a new open item for the remaining balance, with no cash discount.

Explore terms of payment in SAP FICO, including due date, payment period, credit period, baseline date, and cash discounts for customers and vendors.

Explore document reversal in SAP FICO: normal reversal and negative reversal. Understand scenarios, how the system cancels effects, and how to configure reversal reasons and alternate posting dates.

Understand special GL transactions in SAP FICO, including down payments and advances for customers and vendors, and learn how these are recorded and cleared using F-48 and F-29.

Learn how to process a vendor down payment in SAP FICO by creating a down payment request, posting the down payment, and clearing with the vendor invoice, including noted items.

Learn how SAP FICO uses accounting keys and tax procedures to correctly calculate and post GST to GL accounts, configure input and output taxes, and assign procedures to India.

Learn to configure GST tax codes in SAP for India, including A2 18% output GST and V1/V2 18% input GST (IGST), with X tax in and posting keys 40/50.

Configure gst tax accounts in sap fico by mapping posting keys (p1-p3, r1-r3) to chart of accounts and gl accounts for cgst, sgst, and igst.

A guide to posting a customer invoice with GST in SAP, selecting tax rate and code under India tax procedure, and posting output GST as a liability.

Post customer invoices with GST and receive payments, then post vendor invoices with GST in SAP FICO, using tax codes, GST calculations, and India tax procedure setup.

This lecture explains FI and MM integration in SAP, linking goods receipt and invoice receipt flows to GL accounts, creating GRIR and inventory accounts, and mapping valuation classes to accounts.

Fi-Sd integration in SAP, linking sales and distribution with financial accounting to post revenue and cost of goods sold to the correct general ledger accounts.

Learn to automate recurring entries in SAP FICO by configuring run schedules and frequencies to post regular transactions, such as rent or salaries, reducing errors and saving time.

Display and post recurring documents in sap fico by locating stored recurring entries, running f.14, processing sessions with sm35, and verifying salaries postings in the gl account using fs10n.

Explore SAP asset accounting, covering acquisition, depreciation, revaluation, and disposal, and manage fixed asset lifecycles to generate accurate financial reports.

Configure asset accounting by copying the reference chart of depreciation to create a chart of depreciation for India, define depreciation areas, and assign GAAP.

Use transaction codes spro and img to configure sap asset accounting for non taxable acquisitions, including input tax indicators, depreciation areas, chart of depreciation assignment, and parallel currencies.

Define asset classes to group fixed assets by characteristics, set depreciation methods and useful life, assign assets to the class, and determine GL accounts for acquisitions, depreciation, and disposal.

Learn how to configure screen layout rules and define number ranges for asset classes in SAP FICO, including asset master creation, asset under construction, and capitalization.

Configure asset master data screen layouts and define depreciation areas by asset class in SAP asset accounting, enabling parallel accounting and tailored depreciation methods for buildings, machinery, and construction assets.

Configure screen layout for asset depreciation areas, define depreciation keys, base methods, and calculation methods, including ordinary and declining balance, set period control, and multi-level methods in sap fico.

Explore depreciation keys and methods (slm vs dbm), start dates, asset transfers, and how period control and calendar assignments align postings with the fiscal year.

Configure period controls pro mid period to handle mid period asset postings and pro rata depreciation. Close the previous fiscal year in SAP to ensure accurate depreciation and data integrity.

Learn to perform year-end closing and balance carry forward in SAP FICO, including configuring legacy data transfer, asset posting, and updating the zero L ledger for the new fiscal year.

Create machinery assets under asset class 2000, define account determination and depreciation areas, and implement a technical clearing account for integrated asset acquisition in SAP FICO.

Explore automatic offsetting entry in sap asset accounting, including scenarios with self-constructed assets and donations, and learn how to configure asset clearing and account determinations.

Post acquisitions with automatic offsetting entry in SAP using ABZON for existing assets or assets under construction, simulate and post, and review entries in Asset Explorer AW01 with GL accounts.

Post depreciation for buildings in SAP asset accounting, observe accumulated depreciation as a balance sheet liability, and create corresponding depreciation and accumulated depreciation general ledger accounts via FS00.

Learn how to create and assign depreciation and accumulated depreciation general ledger accounts to account determinations in SAP, linking them to asset classes to ensure correct postings.

Learn how to run depreciation in SAP by verifying posted and planned values in asset explorer, and execute Afab depreciation run for multiple posting periods using test and update runs.

Explore asset sale fundamentals in SAP FICO, including calculating net book value, recognizing sale revenue, and posting gains or losses via asset sale general ledger accounts.

Create general ledger accounts for proceeds, gain, and loss in SAP easy access and assign them to asset retirement account determinations for buildings, machinery and equipment, and under construction.

Learn asset accounting basics by posting an asset sale with revenue, including configuring field status variants, reviewing net book value, and posting to asset sale proceeds in SAP.

Explore asset transfer within the company code in SAP FICO, including posting steps, debits and credits, accumulated depreciation, and moving value from building two to building three.

Learn how to settle asset under construction by applying a distribution rule, allocate costs to machinery under construction, post transactions, and capitalize assets via AUC transfers in SAP FICO.

Learn how financial statement version (FSV) in SAP hierarchically structures GL accounts into assets, liabilities, equity, revenue, and expenses for balance sheet and profit and loss reports.

Assign liabilities and assets to general ledger accounts in a financial statement version 2 by selecting ranges, configuring account groups, and mapping accounts for assets, liabilities, incomes, and expenses.