SAP FICO Q&A: Data Migration and Cut-over Activities

by K.Lakshmana Swamy Charted
Accountant, Cost Accountant and SAP Certified Consulatant
SAP
FICO, FSCM and Simple Finance Online Trainer since 9+ years..
What is SAP CO (Co stands for Controlling)

CONTROLLING

Basic
settings for controlling 
1.     
Defining Controlling Area
2.     
Defining Number ranges for Controlling Area
3.     
Maintain Planning Versions
Cost
element accounting: 
1.     
creation of primary cost elements from financial accounting area
2.     
creation of primary cost elements from controlling area
3.     
display of cost element master records
4.     
change cost element master records
5.     
primary cost element categories
6.     
secondary cost element categories
7.     
default account assignments
Cost Center Accounting
1.     
Defining Cost Center Standard Hierarchy
2.     
Creation of Cost Centers and cost center groups
3.     
display cost center master records
4.     
change cost center master records
5.     
creation of cost center groups
6.     
posting to cost centers
7.     
reposting of co line items
8.     
Repost of Costs
9.     
planning for cost centers
10.  Overhead Calculation
11.  creation of secondary cost
element master records
12.  Creation and Execution of
Distribution Cycle
13.  creation and execution of
assessment cycles
14.  cost center reports
Internal
Orders
1.     
Defining order types
2.     
Creation of internal order master records
3.     
display internal order master records
4.     
change internal order master records
5.     
postings to internal orders
6.     
planning for internal orders
7.     
reposting co line items for internal orders
8.     
repost of costs for internal orders
9.     
Report of Variance analysis for internal orders
10.  creation of real internal
orders
11.  posting  of business
transaction to real orders
12.  definition of allocation
structures
13.  definition of settlement
profiles
14.  definition of planning
profiles
15.  settlement of real internal
orders
16.  budgeting and availability
control
17.  maintain number ranges for
budgeting
18.  define tolerances for
availability control
19.  specification of exempt
cost elements from availability control
20.  maintenance of budget
manager
Profitability
analysis 
1.     
Maintain characteristics
2.     
Main value fields
3.     
Maintain operating concern
4.     
Define profitability segment characteristics
5.     
Assignment of controlling area to operating concern
6.     
Activate profitability analysis
7.     
Define number ranges for planning data
8.     
Maintain plan versions
9.     
Maintain number ranges for actual data
10.  Activate transfer of
incoming sales orders
11.  Mapping of SD condition
types to COPA value fields
12.  Mapping of SD quantity
fields to COPA quantity fields
13.  Maintain PA transfer
structure for direct postings from FI/MM
14.  Define forms (report
painter)
15.  Create reports
16.  Execute reports
Product
costing:
.
Product
cost planning
:
1.     
Maintain overhead cost elements
2.     
Creation of dummy cost center
3.     
Define overhead keys
4.     
Define overhead groups
5.     
Define calculation bases
6.     
Define percentage overheads
7.     
Define credits
8.     
Define costing sheet
9.     
Assign costing sheet to costing variant
10.  Creation of allocation cost
elements
11.  Creation of activity types
12.  Creation of GL accounts and
primary cost elements
13.  Creation of cost centers
14.  Creation of cost center
groups
15.  Planning – cost enter wise
16.  Planning for activity hours
17.  Activity price calculation
18.  Define cost component
structure
19.  Determine person
responsible for work center
20.  Define MRP controllers
21.  Define floats
22.  Define production scheduler
23.  Creation of material master
records- finished goods
24.  Creation of raw material
master records
25.  creation of bill materials
26.  creation of work center
master records
27.  creation of routings
28.  creation of cost estimate
with quantity structure
29.  marking
30.  releasing
31.  creation of cost estimate
without quantity structure
Integration
of financial accounting with materials management:
1.     
Definition of organizational units in materials management i.e.
plant, storage location and purchase organization
2.     
Assignemnt of organizational units to each other
3.     
Definition of tolerance groups for purchase orders
4.     
Definition of tolerance groups for goods receipt
5.     
Definition of tolerance groups for invoice verification
6.     
Definition of vendor specific tolerances
7.     
Creation, display and change of material master records
8.     
Creation of plant parameters
9.     
Maintenance of posting periods for materials management
10.  Mainternace of parameters
for invoice verification
11.  Maintenance of plant
parameters for inventory management and physical inventory
12.  Definition of attributes
for material types
13.  Assignment of GL accounts
for material transactions in financial accounting
14.  Creation of purchase order
15.  posting of goods receipt
16.  invoice verification
17.  Goods issue for production
Integration
of financial accounting with sales and distributioin:
1.     
Definition of sales organization
2.     
definition of distribution channels
3.     
definition of divisions
4.     
assignment among various organizational units in SD
5.     
definition of partner functions
6.     
definitions of shipping point and loading points
7.     
definition of pricing procedures
8.     
determining the shipping points
9.     
determining the pricing procedures
10.  maintenance of SD condition
types
11.  maintenance of condition
records
12.  assignment of GL accounts
for sales transactions
13.  creation of sales order
14.  initialization of stock
15.  posting the delivery of
goods
creating the sales
invoice

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