SAP FICA Simplified - Finance and Contract Accounting

Learn End To End Implementation & Practical Training Of SAP FICA 2022 - New!

What you'll learn
Learn End To End Implementation
Learn Real-Time Scenarios
SAP FICA Updated Course
Beginner Level To Advanced Level
Requirements
Mobile
Laptop or Computer
Description
What is SAP FICA?

FICA is a cross-application component used in SAP ISU, telecom, insurance, and other applications specified by the industry. Business is B2C, and companies generally have a very large consumer population in thousands by. Every time we have to make thousands of invoices at a time, the business has there frequent transactions. Instead, we do not retain BP as the consumer map, and BP does not have any accounting information.FICA Module is tighly integrted with below application area .

Syllabus of SAP FICA Online Training

Module 1: Introduction of FI-CA

Contract Accounts

Account Balance Display

Payment, Returns and Clarification List

Credit Management: Creditworthiness, Security Deposits, Installment Plans and Deferrals

Collection Management: Dunning

Reconciliation Keys

Accounting in General Ledger

Module 2: Set up Company codes for contract account payable and receivable

Module 3: Presentation of Collections Management

Module 4: Dunning by Collection Strategy

Define Collection strategy

Set up Master Data groups

Dunning charges

Dunning activities

Dunning lock reasons

Define collection step

Define capacity planning for dunning activities

Define Time-Dependent Creditworthiness Weightings

Module 5: Set up the Business Rules Framework for FI-CA Collections management

Understand the main FI-CA processes

Understand the scope of Collections Management based on SAP

Configure the processes related to Collections Management

Understand how Business Rules Framework is embedded into FI-CA and what it can be used for

Configure Business Rules Framework for Collection Strategy

Module 6: SAP FICA Basics

Concept and special functions in FI-CA

Event Technology

Parallel Mass Processes in FI-CA

Master Data Objects in FI-CA

Module 7: Documents

Lifecycle of Documents

Document Structures

Posting Documents

Integration with General Ledger Accounting

Account Balance Display

Module 8: Transactions and Account Determination

Structure of Transactions

Transactions in IS-U

General Ledger Account Determination

Tax Determination in IS-U

Module 9: Incoming Payments

Processing Incoming and Outgoing Payments

Payment Lots and Check lot

Clarification Processing

Cash Desk/Cash Journal

Module 10: Payment Run

Prerequisites of Payment Settlement

Payment program

Payment Cards

Module 11: Returns Processing

Configuration of Returns

Processing of Returns

Module 12: Clearing Control

Terminology and Definitions

Configurations of Clearing Strategy

Module 13: Dunning and Collections

Dunning –Terminology

Configuration and Execution of Dunning Run

Submission to External Collection

Module 14: Interest Calculations

Calculation of Interest on Items

Interest Keys and Calculation Rules

Processing of Interest Calculation

Module 15: Deferral/Installment Plan

Deferral: Definition and Processing

Installment Plan: Definition and Processing

Module 16: Other Business Transactions

Account Maintenance

Reversing Documents and Resetting Clearing

Document Transfer

Mark as Doubtful/Individual Value Adjustment

Write Off

Module 17: Security Deposits

Cash and Non-Cash Security Deposit

Request ,Payment and Settlement of Cash Security Deposit

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THE ULTIMATE EXAM PREP: We’ll teach you everything you need to know (in theory and practice) to ace your exam.

GUIDED HANDS-ON LABS: The Practice Lab Lectures are packed with hands-on exercises and backed by high-quality logical diagrams so you can visualize what you're building

DETAILED EXPLANATIONS & REFERENCE LINKS: Every question includes deep-dive reference links and detailed explanations that explain why each answer is correct or incorrect

HIGH-QUALITY VISUALS: We've spared no effort to create a highly visual training course with lots of tables and graphs to illustrate the concepts.

PRESENTED IN A PROFESSIONAL WAY: Your instructor uses clear and easy to understand language and presents the material in a professional way - focused and to the point with professional subtitles

RESPONSIVE SUPPORT: Our team of SAP experts comprehensively respond to all of your questions, concerns, or feedback

ACTIVE Q&A DISCUSSION BOARD: Join the discussion on SAP-related topics in our discussion forum where our students share their recent exam experience offering feedback on which topics were covered

MOBILE ACCESS: Study on the go and access all resources from your mobile phone - anywhere, anytime

LIFETIME ACCESS: All students have lifetime access to all future updates of this course

Who this course is for
SAP Consultant
SAP Developer
Anyone Who is Interested to Take Course