SAP ERP Financial Accounting and Controlling: Configuration and Use Management

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Apress, 8 Jun 2015 - Computers - 596 pages

SAP ERP modules are notoriously hard to configure and use effectively without a lot of practice and experience. But as SAP ERP Financial Accounting and Controlling: Configuration and Use Management shows, it doesn't have to be so difficult. The book takes a systematic approach that leads SAP Financial Accounting and Controlling (FICO) users step by step through configuring and using all the program’s facets. This approach makes configuration complexities manageable. The book’s author—SAP expert, trainer, and accountant Andrew Okungbowa—ensures that both you and your end users are up and running quickly and confidently with FICO. He also provides sound and tested procedures that ensure your implementation works without error.

SAP ERP Financial Accounting and Controlling: Configuration and Use Management is in fact the most comprehensive and easy-to-follow SAP FICO configuration book in the market. It incorporates a hands-on approach, with hundreds of screen shots and practical examples, that allows a person without prior configuration training to make SAP FICO ready for use in the enterprise. You’ll find that you don’t need to be a rocket scientist to grasp the concepts explained and apply them to your work—even when the finances are complicated, such as with the ins and outs of taxes, currency conversions, or special general ledger entries such as down payments or bills of exchange.

Providing an in-depth coverage of both configuration and end user procedures, the book covers most aspects of the SAP FICO certification syllabus—SAP’s view of the module’s key tasks and procedures—including:

  • Configuring and using the general ledger and accounts payable and receivable screens
  • Configuring and completing closing procedures, asset accounting, and financial reporting
  • Configuring global settings and enterprise variables
  • Accounting for both profit and cost centers
  • Creating a house bank
  • Integrating FICO with other SAP modules

Taking a jargon-free tone and providing an abundance of examples, Andrew Okungbowa provides a clear understanding of configuration techniques and the breadth of functionalities encompassed by SAP FICO. And as an accountant, Okungbowa understands the needs of end users as well as of those answering to the CIO.

 

Contents

Defining FI Accounts Receivable and Accounts Payable
203
Defining the Dunning Procedure and Correspondence
263
Customizing Special GL Transactions
281
End User Accounting Document Posting
297
Customizing the Controlling Module
359
Customizing New General Ledger Accounting
421
Useful General Ledger Accounts
469
Some Useful Transaction Codes
547

Defining the House Bank
117
Defining Tax on Sales and Purchases
151
Customizing a Cash Journal
163
Financial Statement Versions FSV
173
Integration of FI with Other SAP ERP Modules
189
Index
555
Contents
vii
About the Author
xx
Acknowledgments
xxi
Copyright

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About the author (2015)

Andrew Okungbowa is an accountant, an expert in SAP FICO, and a trainer. He is currently SAP FICO senior functional consultant for Centrica PLC in the UK, specializing in the energy industry. 

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