AKNETIQ AcademyA common thread: the fictitious company SENTINEL SA
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FI-CO
MODULE FI-CO

Finance and Controlling

FI produces the statutory accounts: general ledger, business partners, banks, fixed assets, balance sheet, VAT. CO produces management accounting: where costs arise, what they are used for, what each product or customer earns. In S/4HANA, the two come together in a single table, the Universal Journal ACDOCA.

Audience
Accountants, controllers, treasurers, key users, FI / CO consultants, logistics consultants who need to master the integration.
Prerequisites
Level 1: none (a debit / credit refresher is included). Levels 2 and 3: basics of financial and cost accounting.
Duration
6 days (1 + 3 + 2)
42 h · day-by-day schedule
🔒 Members only

Financial processes in practice

This level is part of a higher offer.

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Chapters in this level

  1. The accounting document · Header, line items, posting keys, VAT.
  2. Suppliers: from invoice to bank statement · Simulate the complete cycle of a fee invoice.
  3. Customers: incoming payments, differences and dunning · What to do when the customer does not pay exactly what they owe.
  4. Fixed assets · Acquisition, depreciation, retirement: calculate the schedule and the result.
  5. Month-end and year-end closing · A checklist with owners and deadlines.
  6. Cost centers and allocations · Clearing service cost centers to primary cost centers.
  7. Internal orders and their budget · Tracking a temporary activity, from budget to settlement.
  8. Projects in controlling · A WBS element is a cost object, like an internal order, with a structure and dates on top.
  9. Production orders in accounting, with or without a project · What a production order posts, what it keeps as work in process, and where its variances go, depending on whether it works for stock or for a project.
  10. The cost of a watch (CO-PC) · BOM, routing, rates and overhead: how SAP calculates the 80 CHF of the M100.
  11. Where do we make money? (CO-PA) · By customer, product, channel, region: the margin of each segment, from revenue to result.
  12. Integration with logistics · Each logistics movement has its posting: know which one.
Next level
Advanced — FI-CO configuration and expertise
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