Unit 1: Basic settings

  • Map the accounting structure of your company using mySAP ERP Financials organizational units
  • Explain the meaning of the terms “company code” and “business area” and their differences
  • Create a company code
  • Explain the use and advantages of the variant principle
  • Explain the necessity and use of a fiscal year variant

Unit 2: Master Data

  • Define and use a chart of accounts
  • Control the format of a general ledger account
  • Create, maintain, and control general ledger accounts
  • Explain the advantages and disadvantages of group and country charts of accounts
  • Describe the structure of customer and vendor accounts
  • Maintain bank master data
  • Define house banks

 Unit 3: Document Control

  • Classify accounting documents
  • Display accounting documents
  • Describe the structure of accounting documents
  • Open and close posting periods

Unit 4: Posting Control

  • Change documents
  • Reverse documents
  • Define terms of payment
  • Explain the account determination for automatic postings of cash discount
  • Create tax codes and define tax accounts in the configuration
  • Explain cross-company code transactions
  • Post cross-company code transactions
  • Post simple documents in Financial Accounting

Unit 5: Clearing

  • Explain the clearing process
  • Clear an account
  • Post with clearing
  • Post incoming and outgoing payments
  • Reset clearing
  • Post payment differences

 Unit 6: Cash journal

  • Create a cash journal and assign it to a general ledger account
  • Explain business transaction categories

Unit 7: Special G/L transactions

  • Describe special G/L transactions
  • Explain the particularities of special G/L transactions
  • Explain the functions of special G/L transactions
  • Configure special G/L transactions or check their configuration

Unit 8: Parking Documents

  • Describe the functionality of document parking
  • Identify the differences between parking documents and holding documents
  • Park Financial Accounting documents
  • Edit, delete or post parked documents


Unit 1: Fundamentals of AP/AR

  • Identify the key fields in the customer/vendor master data for periodic processing of Accounts Receivable and Accounts Payable (payments, dunning, correspondence, interest calculation)
  • Describe possible relationships between customer/vendor accounts

Unit 2: Automatic Payments

  • Describe the actions in the payment process
  • State the individual steps in the payment program
  • Describe the structure of the payment program configuration 

Unit 3: Interest Calculation

  • Explain the basic options for calculating interest
  • Explain the differences between account balance interest calculation and item interest calculation
  • Identify data required for interest calculation

Unit 4: Country Specifics

  • Explain the documents involved in check processing
  • Create a check manually
  • View check information
  • Void checks

Unit 5: Standard Reports in General Ledger Accounting, Accounts Receivable Accounting, and Accounts Payable Accounting

  • Demonstrate where to find the reports required in General Ledger, Accounts Receivable, and Accounts Payable Accounting
  • Explain the importance of information systems
  • Execute reports

Unit 6: Overview of the Closing Activities

  • Describe the integrated process of both month-end and year-end closing 

Unit 7: The Financial Statements

  • Identify where in the system you execute the financial statement program
  • Describe the purpose of the financial statement version
  • Create, change, and display financial statement versions

Unit 8: Receivables & Payables

  • Create balance confirmations
  • Valuate foreign currency open items and balance sheet accounts
  • Explain how individual value adjustments are posted and describe flat-rate individual value adjustments for doubtful receivables

Unit 9: Profit and Loss

  • Compare cost of sales accounting and period accounting
  • Name the processes in Controlling that impact Financial Accounting
  • Explain how the reconciliation ledger is used to update financial accounting for transactions that cross FI organizational units
  • Post accruals and deferrals for period-end closing
  • Activate an application component of the Accrual Engine for a company code

Unit 10: Technical, Organizational, and Documentary Steps

  • Explain how balances are carried forward
  • Explain the advantage of using the posting period tables
  • Maintain the posting periods table
  • Explain the procedure for carrying out adjustments to the financial statements and the advantage of doing so

Unit 11: Additional Material

  • Locate the general Customizing settings for tax processing within the IMG.
  • Describe the 1099/1042 business process
  • Locate the Customizing settings for withholding tax codes and 1099/1042 outputs
  • Use withholding tax during invoicing and payment

Unit 1: Asset Organizational Structures

  • Describe how Asset Accounting is integrated with Cost Accounting
  • Name asset classes
  • Assign asset classes to assets
  • Define which depreciation areas post their values to the general ledger
  • Activate, configure, and use New General Ledger Accounting

Unit 2: Master Data

  • Structure assets by creating asset classes
  • Create and change master data in Asset Accounting
  • Process mass changes using a work list

Unit 3: Asset Transactions

  • Post integrated and non-integrated asset acquisitions in the system
  • Post integrated and non-integrated asset retirements in the system
  • Represent unplanned depreciation in the system

Unit 4: Periodic Processing

  • Define depreciation areas
  • Describe how a depreciation term is used in different depreciation areas
  • Control the calculation of depreciation
  • Initiate the depreciation posting run

Unit 5: Information System

  • Choose and execute the various Asset Accounting reports
  • Set up variable sorting and totaling for asset reporting
  • Create the asset history sheet, and structure it to meet your needs

Unit 6: The New General Ledger – Overview

  • Outline the advantages and benefits of New General Ledger Accounting

Unit 7: Document Splitting

  • Explain the motivation and theory behind document splitting
  • Activate and use document splitting

Unit 8: Periodic Processing

  • Analyze which periodic tasks will become redundant when you use New General Ledger Accounting

Unit 9: Reporting

  • Compare values in New General Ledger Accounting against values in Classic General Ledger Accounting
  • Use RFBILA00 for different ledgers and for new characteristics
  • Use the flexibility of FI drilldown reporting to report on various characteristics.

Integration and Project Discussion