FI Module

GL configuration
∗ Company Code configuration
∗ Standard Line item text configuration
∗ Complete GL configuration which includes defining chart of accounts,
defining retained earnings account, creation of GL account, deletion of
GL account
∗ Validation & Substitution
∗ Parallel currencies configuration
∗ Taxes on Sales Purchase configuration
∗ GL Automatic clearing configuration
∗ Foreign currency valuation configuration
∗ GR/IR Regrouping configuration
∗ Financial Statement version configuration (Creating Balance sheet and
Profit and Loss account)
∗ FI - MM account determination configuration
∗ FI - SD account determination configuration

New GL Structure configuration

∗ Define Ledgers for GL
∗ Define Currencies for Leading Ledger
∗ Define and Activate Non-Leading Ledger
∗ Assign Scenarios and Customer Fields to Ledgers
∗ Define Ledger Group
∗ Activate New GL Accounting
∗ Define Accounting principles and assign to ledger groups
∗ Define Variants for Real-time integration and assign to company code
∗ Define document number ranges for GL view (posting only to specific
Ledger)
∗ Define document types for posting only to non leading ledgers
∗ Configuring document splitting
∗ Assigning Default profit center to accounts
∗ Define Worklist for exchange rate entry
∗ Assign Exchange rate to worklist
∗ Configuring Assessment and distribution in New GL
∗ Deactivate update of Classic GL

Bank Configuration
∗ FI - SD account determination configuration
∗ Define House Banks
 ∗ Electronic and Manual Bank statement configuration
∗ Check Deposit configuration
∗ Configuring Cash Journal

Accounts Receivable and Accounts Payable configuration

∗ Define Account Groups for Customers and Vendors

∗ Define Accounting clerk
∗ Delete Customer and Vendor Master data
∗ Configuring Payment terms
∗ Configuring various automatic account determination
∗ Defining Tolerances
∗ Configuring Automatic Payment Program
∗ Special GL configuration for down payments from customer and vendors
∗ Configuring regrouping of Customers and vendors according to remaining
terms of receivables and payables
∗ Dunning
∗ Configuring calculation of Interest on arrears

Asset Configuration
∗ Copying Chart of Depreciation
∗ Define Asset Classes
∗ Configuring account determination for Assets (Integration of Asset with GL)
∗ Deactivate Asset class for Chart of depreciation
∗ Configuring posting of depreciation
∗ Configuring the depreciation key
∗ Configuring asset classes for group assets
∗ Define/Assign Settlement profile
∗ Legacy Asset data transfer

Asset Configuration (based on New GL)

With the introduction of New GL structure there is no longer a need

to maintain different GL codes for different depreciation areas. The only
requirement is to maintain for each reporting 2 additional depreciation
areas i.e. one real depreciation area and second derived depreciation

∗ Configure Depreciation as above

∗ Assign target ledger group to the respective depreciation areas
∗ Wizard to set up Parallel Valuation.
Special Purpose Ledger configuration

∗ Define Table Group

∗ Maintain Fiscal Year Variant
∗ Maintain Ledgers
∗ Maintain Local Posting Periods
∗ Maintain Actual Versions
∗ Maintain Valid Document types
∗ Maintain local number ranges
∗ Perform Diagnosis
∗ Entering an FI-SL document
∗ Define Libraries
∗ Define Report Painter Reports

CO Module
Cost Center Configuration
∗ Configuring the Controlling area
∗ Maintaining versions in Controlling area
∗ Configuring multiple valuation approaches/ Transfer prices
∗ Cost element accounting set up
∗ Reconciliation ledger configuration
∗ Setting Cost center Hierarchy, cost center master data, activity types
∗ Cost center planning which includes creating planner profile, creating
planning layout
∗ Configuring various cycles such as Distribution. Assessment, Indirect
Activity allocation
∗ Configuring Splitting structure
∗ Configuring Automatic account assignment (OKB9)

Profit Center Configuration

∗ Maintain the profit center settings for Controlling area
∗ Creation of dummy profit center
∗ Creation of Standard hierarchy and creation of profit center master
∗ Configuring the transfer price settings
∗ Profit center planning configuration
∗ Configuring Distribution and Assessment cycle
∗ Configuring the 3KEH table (Balance sheet and profit and loss accounts)
Profitability Analysis Configuration
∗ Creating Characteristics and value fields
∗ Configuring the Operating concern
∗ Copying an Operating concern from an existing operating concern
∗ Maintain Characteristic values, defining characteristics hierarchy
∗ Defining Characteristic derivation
∗ Defining keys for accessing material cost estimate and assigning costing
key to characteristics
∗ Planning configuration
∗ Maintaining value field groups
∗ Configuration for value flow from SD to PA
∗ Configuration for value flow form FI to PA
∗ Configuration for settlement of Product costing variance to PA
∗ Creation of Profitability report
∗ Transporting customizing settings

Product Costing Configuration

∗ Configuring the Costing sheet for calculating overhead
∗ Configuring the Cost component structure
∗ Configuring the costing variant
∗ Configuration for mixed costing
∗ Configuration for joint product
∗ Configuration for Work in Process calculation
∗ Configuration for Variance calculation
∗ Configuration for settlement of variance
∗ Configuration for Product cost by period - product cost collector and setting
up of variance calculation and settlement of variance
∗ Configuration for Product cost by sales order

Actual Costing & Material Ledger Configuration

∗ Configuring Material Ledger for Plants
∗ Configuring dynamic price changes
∗ Defining and assigning the material ledger update structure to plants
∗ Configuration of Actual costing and activation of actual cost component split
∗ Production start up activities in Material Ledger
1) Logistics Invoice Verification (LIV) Configuration
document
LIV configuration has always been a joint effort of
both MM consultant and FI consultant. You will now
be equipped with this skill set to effectively configure
this MM sub module.

2) LSMW (Data Upload) document

Legacy System Migration workbench is a tool for
uploading legacy data into SAP. It is quite a wonderful
tool. This tool is a must know for a functional
consultant. It will be of immense help if you know how
to create data upload projects yourself.
3) SAP Query
SAP Query is a boon to a functional consultant. A
consultant can design and create his own report
without any ABAP knowledge. This is also a must
know for a Functional consultant.
4) Report Painter Configuration
Very few FICO consultants have this skill. This skill is
very helpful in designing new reports without ABAP
knowledge. This is a must required skill for CO
consultants.

5) SAP Go live Strategy

The project success in a project implementation
depends upon the smooth migration of data from a
Legacy system into SAP. We have tried to listed down
a comprehensive list of checks to be carried out for a
smooth migration.
6) Product costing month end steps and variance
calculation
analysis.
This document is priceless. It gives the entire month
procedure for product costing. We take a single
process order and carry out an entire month end
closing steps on it
Further this document explains the complex
variances and makes it look simple. A scenario
covering the WIP calculation is also covered in this
document.
1) Cash Management Configuration
Cash Management in SAP helps to monitor payment
flows and safeguard liquidity, so that payments
commitments can be met.
The two most important and powerful report are the
Cash Position and the Liquidity Forecast.
The Configuration covered:-
1) Cash Position
2) Liquidity Forecast
3) Master data set up
4) Manual Planning in Cash Position
&

End user training documents

2) Split Valuation Configuration

Split Valuation a must know for an FICO consultant.
This is useful when a single material is manufactured
inhouse as well as procured from external vendors.
This requires the same material to be valued with 2
valuations. The document beautifully covers the
following aspects:-
1) Configuration steps
2) Steps to maintain a split valuated material
3) Steps on how to create standard cost estimate for
a split
valuated material
4) Scenario to see the results of split valuation
3) Month end closing task list across all modules
(An excel sheet giving the month end closing task list
for all modules given as a download link)
This task list is a must have for an SAP FICO
consultant to get an overall picture of the sequence of
activities to be undertaken at the month end. This
excel sheet will be your reference for the month end
tasks and will help you in guiding your customers the
sequence of activities to be done in the month end
closing.

4) Schedule Manager

A cross application single point of entry for all

transactions related to closing process, is a must
know functionality. Configure and use it, to help your
client achieve a faster period end close.