SAP FI GL CONFIGURATION

These are the steps in GL configuration.

1. Creating company code

2. Create chart of accounts

3. Assign company code to chart of accounts

4. Define Account group

5. Define retained earnings Account

6. Maintain Fiscal year variant

7. Assign company code to a Fiscal year variant

8. Define Posting Period variant

9. Define variants for open periods posting

10. Assign Posting period variant to company Code

11. Create document number ranges for company code

12. Define document type and assign document number range

13. Enable Fiscal year default

14. Enable default value date

15. Maintain field status variants

16. Assign company code to field status variants

17. Screen variants for document entry

SAP CO Consultant Certification

Certification Test
SAP Consultant Certification Solution Consultant Financials –
Management Accounting with my SAP ERP 2005

Software
* Software components: SAP ERP Central Component 6.0

Number of Questions
80

Duration
180 minutes

Notes

* Please note that you are not allowed to use any reference
materials during the certification test (no access to online
documentation or to any SAP system).
* The certification test Solution Consultant Financials –
Management Accounting with my SAP ERP 2005 verifies the knowledge in
the area of the mySAP ERP Financials for the consultant profile
Management Accounting. This certificate proves that the candidate has
a basic understanding within this consultant profile, and can
implement this knowledge practically in projects.

Competency Areas
The following list helps you to identify the competency areas covered
in this test. The percentage indicates the portion of the test
dedicated to a particular competency area.

Competency

Material Cost Estimate With Quantity Structure
Analyses and error handling TFIN20 AC505
BOM TFIN20 AC505
BOM and task list determination TFIN20 AC505
Cost component split TFIN20 AC505
Costing variant TFIN20 AC505
Create costing run TFIN20 AC505
Overhead costing sheet TFIN20 AC505
Price update TFIN20 AC505
Routing TFIN20 AC505

Cost Center Accounting / Profit Center Accounting
Account assignment help TFIN20 AC405
Accrual calculation TFIN20 AC405
Adjustment postings TFIN20 AC405
Assessment TFIN20 AC405
Direct activity allocation TFIN20 AC405
Distribution TFIN20 AC405
Integrated plan allocation cycle TFIN20 AC405 AC040
Introduction to planning in Management Accounting TFIN20 AC405 AC040
Master data cost elements, cost centers, activity types and stat
TFIN20 AC405
Organizational units TFIN20 AC405 AC040
Periodic reposting TFIN20 AC405 AC040
Planning methods in cost center planning TFIN20 AC405
Profit center assignment TFIN20 AC610
Profit center master data TFIN20 AC610
Reconciliation ledger TFIN20 AC405
Recording primary postings TFIN20 AC405

Cost Object Accounting: Make-to-Stock Production with Periodic C
Decoupling scenarios TFIN22 AC520
Period-end closing for periodic Controlling TFIN22 AC520
Preliminary costing on cost object TFIN22 AC520
Product cost collector TFIN22 AC520
Simultaneous costing on cost object TFIN22 AC520
Cost Object Controlling: Make-to-Stock Production with Order Con
11-20%
Cost objects with order view TFIN22 AC520
Period-end closing with order Controlling TFIN22 AC520
Preliminary costing of cost objects TFIN22 AC520
Simultaneous costing TFIN22 AC520

Cost Object Controlling: Sales-Order-Related Production
Delivery and billing documents TFIN22 AC520
Period-end closed with product cost by sales order TFIN22 AC520
Preliminary costing of sales order TFIN22 AC520
Sales order as cost object TFIN22 AC520
Simultaneous costing of sales order TFIN22 AC520

Material Cost Estimate Without Quantity Structure
Base object costing and simulation costing TFIN20 AC505
Material master – fields relevant to costing TFIN20 AC505
Multiple-level unit costing TFIN20 AC505
Single-level unit costing TFIN20 AC505

Overhead Cost Orders
Billing for overhead cost orders TFIN20 AC405
Budgeting and availability control TFIN20 AC405
Commitments management TFIN20 AC405
Master data maintenance TFIN20 AC405
Overhead rates on overhead cost orders TFIN20 AC405

Source:
http://www.sap.com/services/education/certification/

SAP FI Consultant Certification

Certification Test
SAP Consultant Certification Solution Consultant Financials –
Financial Accounting with mySAP ERP 2005

Software
* Software components: SAP ERP Central Component 6.0

Number of Questions
80

Duration
180 minutes

Notes

* Please note that you are not allowed to use any reference
materials during the certification test (no access to online
documentation or to any SAP system).
* The certification test Solution Consultant Financials –
Financial Accounting with mySAP ERP 2005 verifies the knowledge in the
area of mySAP ERP Financials for the consultant profile Financial
Accounting. This certificate proves that the candidate has a basic
understanding within this consultant profile, and can implement this
knowledge practically in projects.

Competency Areas

The following list helps you to identify the competency areas covered
in this test. The percentage indicates the portion of the test
dedicated to a particular competency area.

Competency

-Asset Accounting (AC305)
-Closing Operations in Financial Accounting (AC205)
-Document and Posting Control (Ac200)
-Evaluation Options in Reporting (AC280)
-Financial Accounting Master Data (AC200)
-Payment Program, Dunning Program, Correspondence, Interest Calcu (AC201))
-SAP Overview (ERP020)
-SAP Solution Manager (SM01)
-Special General Ledger Transactions, Document Parking, Substitut(AC202)
-The New General Ledger(AC210)

Source:
http://www.sap.com/services/education/certification/

How to became FI/CO Consultant

Month 1
Step 1 : Watch SAP Computer Based Training Video SAP
System Management – System Administration Basic & SAP System
Management – System Administration Basic Advanced User + CCMS
Step 2 : Study And Practice The Training Manual (9 set)
Step 3 : Watch SAP Computer Based Training Video Shipping
Clerk, SOP and Structure OP
Step 4 : Study And Practice The Training Manual AA, AP,
AR, CO-CCA, CO-IO, COPA, CO-PC and GL

Month 2
Step 5 : Walk Through SAP Q&A Material
Step 6 : Browse Configuration Quick Notes
Step 7 : Study The SAP Real-Life Blueprint Documentation
(AA, AP, AR, CO dan GL)

Month 3
Step 8 : Study The FI/CO Popular Interview Questions And
Answers
Step 9 : Tips To Behave Like An Experienced Consultant In
The Job With Other Consultants
Step 10 : Repeat All The Above Steps For Once
Step 11 : Now Consider Yourself As An Experienced SAP
Consultant And Start Applying For A SAP Job Using Our SAP FI/CO

Sample Resume!

“If you are struggling in FI module in front of others just tell
them you have been so busy with CO module for quite sometime that
you forget some of the FI module functions. If you are struggling in
CO module instead, tell them the other way around. This is a very
valid reason in SAP workplace which are even used by senior
consultants”

“Talk about the limitations on previous versions of SAP like 4.6c
and 3.0. This will give an impression that you have been in the
industry for quite sometime working with older versions of SAP. One
popular limitation in 3.0 is the menu style which is not the tree
view. It is like the conventional menu which appears on top of the
screen.”

Create Sales Order

Menu:

Logistics -> Sales and Distribution -> Sales -> Order -> Create

Transaction Code

VA01; VA03

In screen “Create Sales Order: Initial Screen”

Enter Order Type, Sales Organization, Distribution Channel and Division

The next screen is : “Create Standard Order: Overview”

Enter Sold-to party, PO number, Material, Order Quantity, Payment terms and Pricing Terms

To see the header data of the sales document, choose Goto -> Header -> Sales

Save and this is done…

Product Costing Accounting

Product costing is used to calculate the cost of goods sold and manufactured for each unit of goods manufactured.
It is used to keep the track of cost at each and every point of production.

Costing sheet , cost component, Activity types and cost elements are used for product costing.

Costing sheet is used for the overheads purposes.
Cost Component is used for the breaking of expenses into various cost elements for more transparency of the cost structure.
Activity types are defined as per cost center.

The cost component split will give the transparency on the cost incurred on different levels such as machinery set up cost, labor costetc.

BOM is used to know the quantity of the material used for the production. Routing is used to define the sequence of steps required to perform certain operations. For Eg How many labor hours will be required for a finished product etc.

The entries which flow for product costing are as follows:

For Material issue

Raw Material Inventory(Credit)
To Raw Material Consumption (Debit)

Activities Performed

Respective cost center (Credit)
To Set Up cost (Debit)
Machining Cost (Debit)

Good Receipt

Cost of Production (Credit)
To Inventory of Finished Goods (Debit)

Please note that this entry will come from MM module and at Standard Price.

Settlement Of Production Order

Cost of Production( Variance)
To Price Difference Account

Post goods Issued

Inventory of Finished Goods (Credit)
To Cost of goods Sold (Debit)