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SAP FICO Tutorial PDF

This document provides an overview of key concepts in SAP FICO. It begins by explaining that defining an organization structure is the first configuration step, as a company structure needs to be set up. A company can include one or more company codes, each with their own local currency but using the same chart of accounts and fiscal year. The fiscal year is divided into posting periods defined by start and end dates. Tax calculation in SAP FICO can be done through condition-based or formula-based methods. Controlling areas are central organizational structures used for cost accounting, with cost centers, product hierarchies, and profit centers/segments for classification.

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Niama Amghari
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348 views1 page

SAP FICO Tutorial PDF

This document provides an overview of key concepts in SAP FICO. It begins by explaining that defining an organization structure is the first configuration step, as a company structure needs to be set up. A company can include one or more company codes, each with their own local currency but using the same chart of accounts and fiscal year. The fiscal year is divided into posting periods defined by start and end dates. Tax calculation in SAP FICO can be done through condition-based or formula-based methods. Controlling areas are central organizational structures used for cost accounting, with cost centers, product hierarchies, and profit centers/segments for classification.

Uploaded by

Niama Amghari
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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SAP FICO Tutorial

This tutorial gives you an overview and talks about the fundamentals of SAP FICO.

Overview

Defining an Organization structure is the very first configuration to be done during any SAP
implementation. Because a company is an organizational unit for which individual financial
statements can be drawn according to the relevant commercial law. Therefore SAP FICO training
starts with defining the Org Structure.

A company can comprise of one or more company codes. A company has local currencies in
which the transactions occurred are recorded. All company codes within a company must use the
same transaction chart of accounts and the same Fiscal year. Creation of company in SAP is
optional.

A Fiscal year is divided into a number of posting periods and each posting period in an
accounting period is defined by a start date and end date.

Fiscal year in SAP FICO training can be defined as ‘Dependent Year’ or ‘Independent Year’.

Enroll for SAP FICO Training!

In SAP FICO training presents with two TAX calculation procedures: TAXIN(Condition Based)
and TAXINJ(Formula Based).

The TAXINN is condition based, so we have to maintain condition records for each condition
type, where as TAXINJ is formula based , so we have to maintain tax code by using FTXP.

Controlling Area is a central organisation structure in CO module of SAP FICO online training
and is used in cost accounting. Cost center and product hierarchy and profit centers/profitability
segments are used to classify the controlling area.

Primary cost elements are available in the standard system through chart of accounts ADAR.
The primay cost elements are based on accounts in FI module of SAP FICO online training and
may be allocated to multiple cost element groups.

Check Out SAP FICO Interview Questions

Seconday cost elements are posted exclusively in CO module of SAP FICO online training and
are not contained in the FI General Ledger. Secondary cost elements are like factory overheads,
Administration overheads, power, diesel, oil etc.

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