FICO online trainings by real time experts

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FI Overview From RVH TECHNOLOGIES
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Financial Accounting
G/L Reporting

• Legal or external
• reporting
• Balance sheet
• Income Statement
• Statement of Financial Position

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Financial Accounting
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CO/EC Overview
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Controlling
CO Reporting
Internal management reporting Reports by cost
centers or other cost objects and cost elements
Cost centers Orders and Projects Budget/plan Actua
l vs. plan
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Controlling
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FI and CO comparison
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FI/CO Organizational Structures

• Client
• Company
• Chart of Accounts
• Company Code
• Business Area
• Credit Control Area
• Controlling Area

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Client

• Highest hierarchical level in an SAP system
• A complete database containing all the tables
  necessary for creating a fully integrated system
• Master records are created at the client level

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Company

• Consolidated financial statements are created at
  the company level
• A company can include one or more company codes
• All company codes must use the same chart of
  accounts and fiscal year

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Chart of Accounts

• A listing of the accounts
• A chart of accounts must be assigned to every
  company code
• Several company codes can use the same chart of
  accounts
• A different chart of accounts can be used if a
  different grouping of the chart of accounts is
  required

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CLIENT
GERMAN CHART OF ACCOUNTS
US CHART OF ACCOUNTS
Co code 2000
Co code 3000
Co code 4000
Co code 5000
Co code 1000
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Company Code
A BALANCED SET OF BOOKS

• A required structure
• A legally independent entity
• The smallest organizational unit for which
  accounting can be carried out
• The level where business transactions are
  processed
• The level where accounts are managed
• The level where legal individual financial
  statements, such as the balance sheet and the
  profit and loss statement, are created

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CLIENT
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Credit Control Area

• An organizational unit or area of responsibility
  created to control customer credit limits
• A company code is assigned to one and only one
  credit control area
• Multiple company codes can be assigned to one
  credit control area

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Controlling Area

• An organizational unit defining the company's
  cost/ managerial accounting operations
• A company code is assigned to one and only one
  controlling area
• A controlling area can have multiple company
  codes assigned to it
• This allows cross company cost allocations and
  reporting

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Fiscal Year Variant

• Determines the fiscal year
• Calendar year or
• non-calendar year
• Allows the use of special
• periods to aid year-end
• closing
• Is assigned to a company
• code

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