FICO Configuration

SAP FICO Configuration Manual (Download Here) on Financial Accounting, Asset Accounting, Controlling and Profit Center Accounting.

Financial Accounting Configuration on:

1. Create company code
2. Define company code
3. Posting Periods
4. Document Number Ranges
5. Field Status Variant
6. Define Tolerance Groups for Employees
7. Define Tax on Sales/Purchase
8. Define Tax Accounts
9. Assign Tax Codes fro Non-Taxable Transaction
10. Define Account Group
11. Define Document Types
12. Define Valuation Methods
13. Prepare Automatic Postings for Foreign Currency Valuation
14. Define Adjustment Accounts for GR/IR Clearing
15. Define Retained Earnings Account
16. Define Financial Statement Version
17. Define Plan Periods
18. Define Plan Versions
19. Define Account Groups with Screen Layout (Customers)
20. Create Number Ranges for Customer Accounts
21. Assign Number Ranges to Customer Account Groups
22. Define Account Groups with Screen Layout (Vendors)
23. Create Number Ranges for Vendor Accounts
24. Assign Number Ranges to Vendor Account Groups
25. Define Reconciliation Accounts for Customer Down Payments
26. Define Alternative Reconciliation Account for Venodor Down Payments
27. Define Accounts for Bank Charges (Vendors)
28. Define Tolerances (Vendors)
29. Define Tolerances (Customers)
30. Define Dunning Procedures
31. Define Alternative Reconciliation Account for Customers

Assets Accounting Configuration on :

1. Define company code
2. Specify Description of Chart of Depreciation
3. Copy/Delete Depreciation Areas
4. Assign Chart of Depreciation to Company Code
5. Specify Number Assignment Across Company Codes
6. Specify Account Determination
7. Define Number Range Interval
8. Define Asset Classes
9. Assign G/L Accounts
10. Specify Financial Statement Version for Asset Reports
11. Specify Document Type for Posting of Depreciation
12. Specify Intervals and Posting Rules
13. Determine Depreciation Area in the Asset Classes
14. Specify Rounding of Net Book Value and/or Depreciation
15. Determine Depreciation Areas
16. Maintain Period Control Methods
17. Maintain Depreciation Key
18. Define the Cutoff Value Key
19. Define Screen Layout for Asset Master Data
20. Define/Assign Settlement Profiles
21. Specify Transfer Date/Last Closed Fiscal Year

Controlling Configuration on:

1. Maintain Controlling Area
2. Maintain Controlling Area
3. Maintain Number Ranges for Controlling Documents
4. Maintain Versions
5. Define Substitution
6. Define Cost Component Structure
7. Define Costing Variants
8. Check Automatic Routing Seletion
9. Define Results Analysis Keys
10. Define Results Analysis Versions
11. Define Valuation Method (Actual Costs)
12. Define Line Item IDs
13. Define Assignment
14. Define Update
15. Define Posting Rules for Settling Work in Process
16. Define Variance Keys
17. Define Default Variance Keys for Plants
18. Check Variance Variants
19. Define Variance Variant for WIP and Scrap (Target Cost)
20. Define Target Cost Versions
21. Maintain Number Ranges for Settlement Documents

Profit Center Accounting configuration on :

1. Maintain Controlling Area Setting
2. Set Control Parameters for Autual Data
3. Maintain Standard Hierarchy
4. Create Dummy Profit Center
5. Define Number Ranges for local documents