SAP FICO for Beginners

Product costing Introduction

SAP FICO VISION - Tutorial -4

SAP FICO VISION - Tutorial -3

SAP FICO VISION - Tutorial -2

SAP FICO VISION - Tutorial -1

Introduction

Fico is component of ERP.which is integrated with various modules like MM,SD,PP and HR.
FI means Financial accounting which is used external reporting and CO means controlling used for
internal reporting inorder to reduce the expenses occuring in company.

Product Costing & COPA

PRODUCT COSTING SCENARIO

Bill of Material

INK                        - 1LTR *  RS 20 =  20
PLASCTIC            - 1KG   *  RS 30 =  30
                                                               ---
                                                               50
MATERIAL OVERHEAD -                    5
                                                               ----
                                                               55
                                                               ----

ROUTING

LABOUR                   - 6HRS * RS 3 (PER HOUR)      = 18
MACHINE                 - 8HRS * RS 2 (PERHOUR)       = 16
CLEAN                      - 2HRS * RS 3  (PERHOUR)      =   6
                                                                                            ----
                                                                                             38
                    CONVERSION OVERHEAD                           4
                                                                                             ----
                                                                                              42
                                                                                             ----
BREAK UP COMPONENTS

RAWMATERIAL  - 50
LABOUR               - 18
MACHINE             - 16
CLEANING           -   6
MOH                      -   5
COH                       -   4
                                   ----
FINAL COST             9 9                          


Configuration Seetings for above Example (material cost estimate with qty structure)

Define Calcuation Base (KZB2)
Define Percentage Overhead Rate (KZZ2)
Define Quatity Based Overhead (KZM2)
Define Credits (KZE2)
Define Costing Sheet (KZS2)
Define Cost Component Structure (OKTZ)
Define Costing Type (OKKI)
Define Valuation Variant (OKK4)
Define Date Control (OKK6)
Define Qty Structure Control (OKK5)
Define Transfer Control (OKKM)
Define Costing Variant (OKKN)
Creation of Material Mater (MM01)
Creation of Purchase Order (ME21n)
Goods Recipt (MIGO)
Create Bill of Material (CS01)
Maintain Output Plan to Production Cost Center (KP26)
Create Work Center (CR01)
Create Routing (CA01)
Standard Cost Estimate with Quatity Structure (CK11N)
Price Update (CK24)

Interview Questions

FI INTERVIEW QUESTIONS

• DIFFERENCE BETWEEN ONE TIME VENDOR AND REGULAR VENDOR?
• SEGMENTS AVILABLE IN VENDOR MASTER RECORD?
• EXPLAIN ABOUT RECONSILIATION ACCOUNT?
• WHAT IS DUNNING AREA AND DUNNING LEVELS?
• EXPLAIN ABOUT FI-MM INTEGRATION WITH ACCOUNTING ENTRIES?
• EXPLAIN ABOUT FI-SD INTEGRATION WITH ACCOUNTING ENTRIE?
• DIFFERENCE BETWEEN MOVING AVERAGE AND STANDARD PRICE ?
• IN WHICH METHOD WE WILL MAINTIAN PERCENTAGE FOR CALCULATING DEPRECIATION?
• EXPLAIN ABOUT CREATION OF DEP KEY IN DETAIL?
• HOW DOES DATA COMES TO ASSIGNMENT FIELD IN GENERAL LEDGER?

CO INTERVIEW QUESTIONS

• IN HOW MANY WAYS WE CAN CALCULATE INDIRECT OVERHEAD EXPENSES IN PRODUCT COSTING?
• HOW DOES COST AND REVENUE FLOWS TO PROFIT CENTER FROM MM AND SD?
• EXPLAIN DIFFERENCE BETWEEN 3KEH AND 3KEI?
• WHAT IS T-CODE USED TO MAINTAIN DEFAULT PROFIT CENTER,COST CENTER WITH RESPECTIVE COST ELEMENT?
• WHAT ARE PRIMARY AND SECONDARY COST ELEMENT CATEGORIES?
• DIFFERENCE BETWEEN ACCOUNT BASED COPA AND COSTING BASED COPA?
• IS IT REQUIRED TO MAINTAIN DERIVATION RULES WHEN YOU CREATE USER DEFINED CHARACTERASTICS?
• HOW ACTUAL VALUES WILL FLOW TO COPA FROM SD, MM ,COST CENTER, INTERNAL ORDER AND PROJECT SYSTEM?

Scenarios & Issues

Tables & T-codes

FI - TCODES

ASSET ACCOUNTING

Copy reference chart of Dep                          EC08
Assign chart of Dep to company code          OAOB
Define Number Range Interval           AS08
Define Asset Class                                         OAOA
Determine Depreciation Area in Asset Class OAYZ
Deactivate Asset Class for Chart of Dep        AM05
Specify amount for Low value asset              OAYK
Specify Rounding of Net Book Value            OAYO
Specify Change Over Amount                        OAYJ
Specify Memo Value for Depreciation           OAYI
Specify Asset Class with out Memo Value    OAAW
Creation of Dep Key                                       AFAB  
Assign GL Accounts                                       AO90
Specify Posting Key for Asset Posting           OBYD
Assign Input Tax Indicator to NON-Tax         OBCL

Query

Contact

FOR ONLINE AND CLASS ROOM TRAINING FOR SAP FICO.

CONTACT :
EMAIL - VENKATRANADHEER.FICO@GMAIL.COM
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