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Home - Lessons - SAP FICO (Finance and Controlling) Training - M7 — Period-End Close, Integration and Reporting - Carry balances forward, complete the year and reopen a period

SAP FICO (Finance and Controlling) Training Carry balances forward, complete the year and reopen a period
SAP FICO (Finance and Controlling) Training
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M1 — S/4HANA Finance and Controlling Foundations
Describe the S/4HANA landscape and where the finance and controlling modules sit
Reading
Navigate SAP GUI and Fiori tiles for finance and controlling work
Reading
Read the organisational structure: company code, controlling area and charts
Reading
Set up fiscal years, periods and period variants with posting controls
Reading
Explain the difference between operational and financial accounting
Reading
Trace a business transaction through the posting it creates
Reading
M2 — General Ledger Accounting
Maintain the chart of accounts and the general ledger account master
Reading
Post general ledger documents with the correct document type and reason code
Reading
Use document parking, workflow and release controls for postings
Reading
Plan recurring and automatic postings for repetitive journal entries
Reading
Reverse and clear postings, and explain why a period stays open
Reading
Run the general ledger reports and read a trial balance from the system
Reading
M3 — Accounts Payable
Maintain vendor master data with company code, purchasing and tax views
Reading
Post a vendor invoice and explain the automatic general ledger postings
Reading
Process outgoing payments with a payment run and payment advice
Reading
Handle down payments, invoice blocking and vendor rebates
Reading
Apply withholding tax and the conditions that drive tax treatment
Reading
Run the accounts payable aging report and clear an open item
Reading
M4 — Accounts Receivable and Asset Accounting
Maintain customer master data with credit management and accounting views
Reading
Post a customer invoice and apply an incoming payment against it
Reading
Run the dunning cycle and explain why a customer is contacted
Reading
Maintain asset classes, depreciation keys and useful lives
Reading
Post an asset acquisition, a depreciation run and an asset retirement
Reading
Reconcile the asset register against the general ledger at period close
Reading
M5 — Controlling: Cost Elements, Cost Centres and Internal Orders
Set up the controlling area and the chart of cost elements
Reading
Maintain cost centres and assign responsibility and profit centres
Reading
Use internal orders to collect costs against a project or a production lot
Reading
Post cost centre and order costs from secondary postings and allocations
Reading
Explain the difference between primary and secondary cost accounting
Reading
Read the cost center and internal order reports for a spent budget
Reading
M6 — Product Costing and Profitability Analysis
Explain cost object accounting and the cost component architecture
Reading
Cost a production order and read its variances and variances analysis
Reading
Set up cost estimates and variances against a standard cost
Reading
Configure cost center and actual/plan price variants
Reading
Run profitability analysis with a segment structure and characteristics
Reading
Allocate period costs and read the segment contribution margin
Reading
M7 — Period-End Close, Integration and Reporting
Plan and execute a month-end close sequence in the correct order
Reading
Carry balances forward, complete the year and reopen a period
Reading
Reconcile subledgers: AP, AR, assets and controlling against the general ledger
Reading
Explain the automatic integration between MM, SD, PP and FI
Reading
Read embedded analytics and CDS views over finance data
Reading
Explain the audit trail and the evidence an auditor asks for at close
Reading
M8 — Capstone and SAP Certified Associate Practice
Configure and post an end-to-end finance cycle for a trading entity
Reading
Complete a period close with reconciliation and a written close memo
Reading
Build a cost report for a cost centre and explain the movement
Reading
Sit a timed SAP Certified Associate practice paper scored by objective
Reading
Build a revision plan from the score sheet by objective
Reading
Defend the capstone in a mock functional interview
Reading
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