Mastering SAP Financial and Controlling (SAP FICO) - Part-I

Learn to add a new SAP system connection in SAP GUI 7.50 by entering the server address, instance number, and system ID, then provide a description and save for access.

Mark system accesses as favorites in the SEP DUI logon pad to quickly reach frequent connections in the favorites folder, drag to add, then edit descriptions or delete.

Log in to SAP system by opening screen, entering the client id and password (with a supported language), and on first login change the administrator password by entering it twice.

Log in to the CPS system by selecting the correct client, entering your password, and choosing a supported language. First-time logins require changing and re-entering the default password.

Learn to customize SAP GUI colors by changing color settings. Apply themes like gold for a new session and the logon pad, and preview the results.

Learn how to display client information in the taskbar for multiple SAP FICO sessions, enabling you to identify the active client and system across development, testing, and production environments.

Create and close SAP sessions efficiently by opening multiple client-specific sessions, using the new session icon or the SAP transaction code, and safely closing with save prompts.

Display and customize the SAP GUI session screen to show system, client, program, and transaction card information, selecting what to view and adjusting the screen as needed.

Create favorites folders for GL postings, AR postings, and AP postings, and add transactions like FB50, FB60, and FB70 as quick access in the SAP system.

Discover how to display SAP transaction codes alongside transactions in the ACP system by enabling display of technical names, then organize them in favorites for quick daily access.

Navigate the SAP GUI easy access screen, mastering the menu bar, command bar, toolbars, and session management. Learn to access SPRO/IMG for configurations across financial accounting, controlling, and related modules.

Explore the SAP FICO enterprise structure and its highly integrated modules, including finance, controlling, material management, and reporting with HANA and BW.

Define a company in SAP's enterprise structure and assign one or more company codes with a shared chart of accounts and fiscal year variant, using SPRO for configuration.

Configure a company code in SAP as the minimum posting unit and enable separate reporting, then set up master data including G/L, vendor, customer, and asset accounts.

learn to assign a company to a company code in sap fico using transaction ox16, enter the company code, and create a transport to save the assignment.

Create and manage business areas at client level to segment financial data by product lines and brands, enabling financial statements by business area for iPhone models.

Learn how to set up and assign a fiscal year variant to a company code in SAP, and understand normal and special posting periods, including calendar year versus non-calendar year.

Define and configure the chart of accounts at the client level, then assign it to a company code in SAP FICO, using US and Canada examples to illustrate.

Configure account groups in SAP to classify GL accounts, assign number ranges, and set field statuses for master data, then copy entries and adjust account lengths.

Configure retained earnings in SAP FICO by mapping year-end profit and loss balances to balance sheet accounts, and set up chart of accounts and gl accounts with p&l types.

Learn how to define and assign posting period variants in SAP to open and close posting periods, ensuring only open periods accept postings and keeping financials balanced.

Explore how to set up and configure a new document type in SAP, assign number ranges, and manage exchange rate considerations for GL, vendor, and customer postings.

Configure SAP GL tolerance groups to auto clear debits and credits within a defined tolerance, using the lower of two limits, percent or amount definitions.

Configure implied tolerances in SAP by setting maximum document and line item amounts, cash discount limits, and minimum payment, then assign tolerance groups to users (default blank group).

Configure the SAP document entry screen variant in SAP FICO by selecting the standard screen variant, assigning a company code, and saving as a transport.

Configure the company code global parameters in SAP by setting fiscal year variants, default value dates, tax calculation base, posting controls, and production transport flags for accurate financial reporting.

Activate new general ledger accounting, set the group currency to euro, and define ledgers for US GAAP and IFRS reporting to enable parallel reporting.

Define and activate leading and non-leading ledgers, set up ledger groups for IFRS and US GAAP postings, and configure document types and number ranges for ledger entries in SAP FICO.

Explore posting keys in SAP and learn how two-digit keys govern debit or credit entries, determine eligible accounts (customers, assets, vendors, materials, GL accounts), and support predefined or custom keys.

Learn to change and track general ledger master data in SAP using single-step and two-step methods, update chart of accounts and company code data, and view change history.

Block and unblock general ledger master data to control posting, creation, and planning across company codes, using single-step and two-step t codes for chart of accounts blocking.

Post general ledger transactions in SAP using the classic screen (t-code f-02), entering document date, accounts, debit and credit, and text, then simulate and post to obtain the document number.

Learn to post general ledger documents in SAP classic screen with reference, copy amounts and text from previous lines using asterisk and plus sign, and create reversal postings.

Verify SAP FICO document postings across leading and non-leading ledgers using SE16 tables (BKB headers, BSAC line items) and parallel accounting to NOL, X1, and X2 ledgers.

Post a general ledger document using the SAP enjoy screen, selecting the company code and posting date, and entering the G/L account with debit or credit and automatic posting keys.

Explore how the posting without tax allowed option works in general ledger master data, showing system behavior when tax codes are missing and how to enable the checkbox.

Explore how field status group governs required, optional, and display fields in the general ledger master data, illustrated with field status variant IP01.

Explore how post automatically only option in general ledger master data enables automated postings from other modules via a checkbox, with a warning message and internal postings within the system.

Explain how document type options influence posting in the SVP system, including when document header text is required, and how configuration determines eligible accounts, exchange rates, and reversal types.

Discover standard general ledger reporting in SAP with the balance and line item reports, viewing debits, credits, carry-forward balances, and drilling down to documents with dynamic selections.

Default a chosen layout for the genealogy report in SAP FICO, so it auto-applies on execution. Set the layout name (start with a backslash) in the user master.

Explore the difference between parking and holding SAP documents, where held items bypass system numbering and remain user-specific, retrievable and postable via FDIC and FB50 transactions.

Learn to perform ledger-specific postings in the SAP classic screen by creating GAAP and X1/X2 ledger groups, assigning ledgers, and posting to targeted ledgers using FBI 0 1 L.

Learn to post ledger group specific documents in SAP using the enjoy screen, including configuring ledger group X1 and X2, posting ten thousand, and verifying postings to non-leading ledgers.

Configure and use an account assignment model as a posting template that supports incomplete line items, enabling on-the-fly edits and multi company postings.

Learn how recurring documents automate fixed monthly postings in sap fico, including setting up number ranges, creating and posting via batch input, and displaying or editing recurring entries.

Explore how deferral documents in SAP record expenses paid but not yet incurred and revenues received but not yet earned, posted at month end and reversed next month.

Explore automatic clearing in SAP with open item managed GL accounts, including configuring criteria, running FDR 13, posting clearing documents, and understanding clearing status and tolerances.

Configure foreign currency valuation in SAP FICO by assigning accounting principles to ledger groups, defining valuation areas GAAP and IFRS, and enabling postings for realized and unrealized gains and losses.

Create loan received and loan issued general ledger accounts, configure interest indicators and posting rules, and demonstrate postings for loan receipt and loan issuance in the interest calculation setup.

Configure real-time SAP classic and new general ledger accounting, from currency group setup and ledgers to document types, master data, postings, and foreign currency valuation for IFRS and US GAAP.

Learn to list jail accounts under a chart of accounts with f.10, browse data via se16 and se11, and copy number ranges between company codes in SAP FICO bonus topics.