SAP FICO

Job Location : Mumbai, Delhi/NCR, Bengaluru, Ahmedabad

Role & responsibilities

SAP FI (Financial Accounting)

• General Ledger (G/L) Accounting (FI-GL): This is fundamental. Look for keywords like:
• Chart of Accounts
• G/L Accounts
• Journal Entries
• Account Reconciliation
• Closing Operations (Month-end, Year-end)
• New GL (if relevant)
• Accounts Receivable (A/R) (FI-AR): Critical for customer-related processes:
• Customer Master Data
• Invoicing
• Payments
• Dunning
• Credit Management
• Accounts Payable (A/P) (FI-AP): Focuses on vendor-related transactions:
• Vendor Master Data
• Invoice Verification
• Payments
• Automatic Payment Program (APP)
• Asset Accounting (FI-AA): Manages fixed assets:
• Asset Master Data
• Depreciation
• Asset Acquisitions/Disposals
• Asset Reporting
• Bank Accounting (FI-BA): Handles bank-related transactions:
• Bank Master Data
• Payment Processing
• Bank Reconciliation
• Travel Management (FI-TV): (Sometimes integrated with HR)
• Travel Requests
• Expense Reports
• Reimbursements
• Legal Consolidation (FI-LC): Important for group reporting:
• Consolidation Methods
• Intercompany Eliminations
• Consolidated Financial Statements
• Withholding Tax: Crucial for Indian compliance. Look for:
• TDS (Tax Deducted at Source)
• GST (Goods and Services Tax) - While GST is indirect tax, FI handles the accounting aspects.

SAP CO (Controlling)

• Cost Elements/Cost Centers (CO-CEL/CO-OM-CCA): Foundation of cost accounting:
• Cost Elements (Primary, Secondary)
• Cost Centers
• Cost Allocation
• Overhead Calculation
• Cost Objects (CO-OM-OPA/CO-PC): Where costs are assigned:
• Internal Orders
• Projects (PS - Project Systems, often integrated)
• Production Orders
• Sales Orders (CO-PA)
• Profitability Analysis (CO-PA): Analyzes profitability by market segment:
• Characteristics
• Value Fields
• Profit Margin Analysis
• Product Costing (CO-PC): Calculates the cost of manufactured goods:
• Standard Costing
• Cost of Goods Manufactured (COGM)
• Variance Analysis
• Profit Center Accounting (CO-PC): Evaluates the profitability of different profit centers:
• Profit Center Hierarchy
• Profit Center Reporting
• Activity-Based Costing (ABC) (CO-OM-ABC): Assigns costs based on activities.

Key Considerations for Indian Implementations:

• GST (Goods and Services Tax): Crucial for any recent implementation. Look for experience with GST configuration, input tax credit, output tax liability, and returns.
• TDS (Tax Deducted at Source): Essential for Indian tax compliance. Experience with TDS configuration, deductions, and reporting is vital.
• Indian Accounting Standards (Ind AS): Look for experience with Ind AS compliance and reporting.
• Localization: Ensure the candidate has experience with Indian localization of SAP FI and CO.