Finance and Accounting Module

The Finance and Accounting module covers fundamental concepts such as financial statements, budgeting, forecasting, cost management, and analysis. It provides essential skills for managing finances and making data-driven decisions.

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Modules in SAP for Finance and Accounting

SAP MM
The SAP FI module is designed to manage an organization’s financial data, offering real-time insights into financial health and performance. It supports essential financial tasks, from daily accounting operations to strategic reporting and analysis.

Syllabus

  1. General Ledger (G/L) Accounting serves as the backbone of financial accounting, capturing and offering a comprehensive view of all financial transactions.
  2. Accounts Receivable (AR) oversees customer invoice payments, ensuring timely collections.
  3. Accounts Payable (AP) manages vendor payments, optimizing outgoing cash flow.
  4. Asset Accounting handles the complete lifecycle of fixed assets, from acquisition to depreciation and retirement.
  5. Bank Accounting integrates with banking systems, reconciling statements and managing cash balances.
  6. Additional sub-modules, including Funds Management, Travel Management, and Legal Consolidation, provide specialized functionalities.

Components of SAP accounting

  • SAP general ledger
  • SAP accounts payable and receivable
  • SAP bank accounting
  • SAP asset accounting
  • SAP funds management
  • SAP travel management
  • SAP legal content management

SAP Plant Maintenance (SAP PM) is a module within SAP ERP that focuses on managing the maintenance activities of an organization. It facilitates the planning, scheduling, and execution of preventive and corrective maintenance tasks. SAP PM helps streamline equipment management, reduce downtime, optimize maintenance costs, and ensure the smooth operation of assets, enhancing overall operational efficiency.

Syllabus

  1. SAP PM
  2. Introduction to SAP PM
  3. Logon to SAP PM module
  4. Organizational Structure in PM
  5. Functional Location
  6. Work Center
  7. Equipment
  8. Bill of Material (BOM)
  9. Characteristics and Class
    Permits
  10. Revision
  11. Measuring Point and
  12. Measuring Counter
  13. Refurbishment for Spare Parts
  14. Calibration Inspection
  15. Maintenance Task Lists
  16. Corrective or Regular Maintenance
  17. Breakdown Maintenance
  18. Preventive Maintenance

SAP Production Planning (SAP PP) is a module in SAP ERP that focuses on managing manufacturing processes. It supports production planning, scheduling, and execution, including demand forecasting, material requirements planning (MRP), and capacity planning. SAP PP integrates with other modules like MM and SD to ensure efficient production workflows, optimizing resource utilization, and meeting customer demands in a timely manner.

Syllabus

  1. Enterprise Structure
  2. Material Data
  3. Material Master
  4. Bill of material
  5. Routing
  6. Production Resource tools
  7. Trigger Points
  8. Production Version Planning
  9. Sales and Operation Planning
  10. Forecasting
  11. Demand Management
  12. Master Production Schedule
  13. Master Requirement Planning
  14. Long Term Planning
  15. Capacity Planning
  16. Execution
  17. Discrete Manufacturing
  18. Repetitive Manufacturing
  19. Process Industries
  20. Resources
  21. GAP analysis
  22. Cutover process
  23. ASAP methodology

SAP Production Planning (SAP PP) is a module in SAP ERP that focuses on managing manufacturing processes. It supports production planning, scheduling, and execution, including demand forecasting, material requirements planning (MRP), and capacity planning. SAP PP integrates with other modules like MM and SD to ensure efficient production workflows, optimizing resource utilization, and meeting customer demands in a timely manner.

Syllabus

  1. Introduction 
    • SAP CO Basic Concepts
    • Setting up Controlling Area
  1. Cost center Accounting 
    • Cost center creation, change and Display
    • Creation of Activity types, Change display.
    • Distribution and Assessment
    • Activity dependent planning and Independent Planning
    • Statistical key figures
    • Creation of allocation structure
    •  Cost center splitting
    • Plan and actual activity rate calculations
  1. Profit center Accounting 
    • Creation profit center hierarchy
    • Creation of Profit center
    • Profit center integration with other module
    • Profit center reporting
    • Profit center month end process
  1. Cost Element Accounting 
    • Define Primary and secondary cost elements
    • Automatic and Manual creation of Cost elements
    • Assigning cost elements to cost centers and profit centers
  1. Internal order
    • Creation of order types
    • Creation of internal orders
    • Creation of settlement profile
    • Creation of budget profile
    • Creation of planning profile
    • Internal order settlement
  1. Product costing 
    • Cost component structure
    • Auxiliary cost component structure
    • Costing variant
    • Valuation variant
    • WIP settings
    • Settlement profile
    • Date control and transfer control
    • Costing sheet
    • Product cost by order process
    • Product cost by period process
    • Product cost by sales order process
    • Co product and By product
    • CO/PP Integration
    • CO/MM Integration
    • FI/CO Integration
    • Over view of PP Master data
    • Over view of Material master
  1. Profitability analysis 
    • Creation of operating concern
    • Characteristics and Value fields
    • Valuation strategy
    • FI/COPA Integration
    • CO/COPA integration
    • SD/COPA Integration
    • PA transfer structure
    • Creation of Forms
    • Creation of reports through report painter
    • COPA derivation
    • Product hierarchy
  1. Material ledger and Costing
    • Material ledger and actual costing overview
    • Month end process

SAP Industry Solutions (SAP IS-XXX) are specialized modules designed to address the unique business processes of specific industries. Each “XXX” refers to a particular sector, such as IS-Retail, IS-Utilities, or IS-Banking. These solutions provide tailored functionalities, helping industries manage their operations efficiently while integrating seamlessly with core SAP modules to enhance overall performance and meet industry-specific requirements.

Syllabus

  1. Introduction to SAP Industry Solutions
  2. Industry-Specific Business Processes
  3. Master Data Management
  4. Industry-Specific Modules and Functionalities
  5. Integration with Core SAP Modules
  6. Reporting and Analytics
  7. Project Implementation Methodology
  8. Case Studies and Practical Scenarios
  9. Industry-Specific Innovations

Frequently Asked Question for SAP Finance and Accounting

1. What is SAP FI (Financial Accounting) module?
SAP FI is a core module in SAP ERP that helps manage an organization’s financial data. It covers processes like general ledger, accounts payable, accounts receivable, and asset accounting to provide real-time financial reporting.
The key components include General Ledger (G/L) Accounting, Accounts Receivable (AR), Accounts Payable (AP), Asset Accounting, and Bank Accounting.
SAP FI integrates with other modules like SAP Controlling (CO), Materials Management (MM), and Sales and Distribution (SD) to ensure seamless financial and operational data flow across the organization.
G/L Accounting is the core of financial accounting in SAP. It records all business transactions and provides a complete financial view of the organization by maintaining a chart of accounts.
Accounts Receivable (AR) manages customer payments and tracks outstanding invoices, while Accounts Payable (AP) oversees vendor payments and ensures timely payment processing.
Asset Accounting in SAP FI manages fixed assets, including acquisition, depreciation, revaluation, and retirement, helping organizations maintain accurate asset data.
Bank Accounting deals with managing bank transactions, cash balances, and bank reconciliations. It integrates with banking systems for accurate financial reporting.
SAP FI focuses on external financial reporting, such as balance sheets and income statements, while SAP CO (Controlling) is used for internal management reporting, including cost analysis and budgeting.
SAP FI provides various reporting tools like financial statements, balance sheets, profit and loss statements, and cash flow reports, offering real-time insights into the financial performance of the organization.
SAP FI offers real-time financial data, improves accuracy in reporting, ensures compliance with legal regulations, and provides detailed insights to aid decision-making.
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