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Financial Accounting

Financial Accounting

It is an important module in SAP, designed for meeting all the accounting and financial needs of an organization. Company-wide control and integration of financial information is essential to strategic decision making and SAP FI enables to centrally track financial accounting data within an international framework of multiple companies, languages, currencies, and charts of accounts.

Financial Accounting


Prerequisite 
TERP01Intro to SAP ERP and SAP NetWeaver
TERP20SAP Financial and SAP Management Accounting Basics
SM001SAP Solution Manager Overview

TFIN 50
Goals
Become familiar with the basic concepts of General Ledger Accounting, Accounts Receivable, and Accounts Payable.
Acquire knowledge to set up business processes in the above areas.
Audience
Application Consultant
Prerequisites Essential
Business knowledge of the Financial Accounting component (Financials)
The following e-learning materials are included in TFIN50 and you must study these in your own time before the course begins:
TERP01 Intro to SAP ERP and SAP NetWeaver
TERP20 SAP Financial and SAP Management Accounting Basics
Course based on software release
SAP ERP 6.0 EhP7
CONTENT
Basic of Customizing for Financial Accounting:
  • Organizational units

  • Master data

  • Document Control

  • Postings

Handling of payments, dunning, correspondence and closing operations in Financial Accounting:
  • Automatic Payment Processing with clearing of open items

  • Automatic Dunning Processing for creating dunning notices

  • Correspondence

  • Overview of month and year-end accounting processes in Financial Accounting

  • Balance sheet and profit and loss statement

  • Preparatory closing postings in sub ledgers and the general ledger

  • Technical organizational and documentary steps in individual closing

  • Financial Closing Cockpit

  • Configuration of periodic closing in Financial Accounting


TFIN 52
Goals
Manage master data and configure Asset Accounting
Implement and use various business processes and periodic tasks in Asset Accounting,
Special G/L transactions and document parking
Apply substitutions and validations as well as archiving to financial accounting
Implement Document Splitting
Configure and Use new Asset Accounting
Audience
Application Consultant
Prerequisites Essential
TFIN50 Financial Accounting I
SM001 SAP Solution Manager Overview
Course based on software release
SAP ERP Central Component 6.0, Enhancement Package 7
CONTENT
E-Learning SM001e_10 SAP Solution Manager Overview
Organizational structures, master data, and business processes in Asset Accounting:

  • Chart of depreciation, depreciation area, asset classes, master data, asset transactions, valuation, periodic processing, information system

Reporting in Financial Accounting

  • Information system and ABAP reports of general ledger accounting, accounts receivable accounting, and accounts payable accounting, report variants, selection variables in variants, List Viewer, sample evaluations using the drilldown reporting tool

Special G/L transactions and document parking
Validations and substitutions in Financial Accounting
Asset Accounting (New)
Archiving in Financial Accounting
Review and certification preparation
Certification examination for Certified Application Associate – Financial Accounting with SAP ERP 6 with Enhancement Package 7 on the content of the courses TERP01_15, TERP20_15, TFIN50_15, SM001E_10, TFIN52_15

Financial Accounting


Associate Certification
This certification covers the fundamental knowledge requirements for an SAP consultant, ensuring the successful acquisition of broad SAP solution knowledge and skills. With associate-level certification, you can:

  • Gain an externally-recognized mark of excellence that clients seek
  • Differentiate yourself in a crowded marketplace
  • Execute your tasks with confidence and skill

An Associate Exam usually consists of 80 Multiple Choice, Multiple response and Matching (pull-down) questions and answers. Candidates have a maximum of 3 hours to complete.

Financial Accounting

Financial Accounting