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Business Processes in Financial Accounting Course Overview

AC010: Business Processes in Financial Accounting provides a comprehensive overview of financial accounting within SAP systems. This course is essential for finance professionals, accountants, and business analysts aiming to enhance their understanding of financial processes and optimize accounting practices. Participants will gain valuable insights that can drive efficiency and accuracy in financial reporting and management.


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Course Introduction

Price:

USD 700

Duration:

40 Hrs.

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  • Introduction to Financial Accounting
    • Overview of financial accounting principles
    • Importance of financial accounting in business
  • SAP Financial Accounting Basics
    • Introduction to SAP ERP and its modules
    • Navigating the SAP GUI
    • Overview of financial accounting in SAP
  • General Ledger Accounting
    • Structure and functionality of the general ledger
    • Chart of accounts
    • Document types and posting procedures
  • Accounts Payable
    • Vendor management and invoice processing
    • Payment processing and reconciliation
    • Integration with procurement processes
  • Accounts Receivable
    • Customer management and billing processes
    • Revenue recognition
    • Cash application and collections
  • Asset Accounting
    • Asset lifecycle management
    • Depreciation methods and calculations
    • Integration with financial statements
  • Financial Closing Procedures
    • Month-end and year-end closing processes
    • Financial statement preparation
    • Reporting and analysis tools
  • Reporting and Analysis
    • Standard reports in SAP Financial Accounting
    • Custom report creation
    • Key performance indicators (KPIs) in financial accounting
  • Integration with Other Modules
    • Interaction with controlling (CO) module
    • Integration with sales and distribution (SD) and materials management (MM)
    • Cross-module processes and data flow
  • Best Practices and Case Studies
    • Real-world applications of financial accounting in businesses
    • Challenges and solutions in financial accounting processes
    • Future trends in financial accounting technology
  • Course Summary and Review
    • Key takeaways and learning review
    • Assessment and evaluation methods
    • Next steps for further learning in SAP Financial Accounting

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