Company code is the most important organizational structure for Accounting. It is mandatory and you will not be able to do anything without it. A lot of the objects in SAP ERP are assigned and are depended on Company Code, so in the most cases you will start with that. Transaction code: OX02  IMG Path: Enterprise Structure –> Definition –> Financial Accounting –> Edit, Copy, Delete, Check Company Code Table:  T001     If you use the transaction code you will not get the following selection screen.   First chose “Edit Company Code Data” and choose “New Entries” :   …

There is a difference between Company Code and Company. Company is mandatory, but it is necessary for consolidation. In most cases you will have one to one relationship between company code and company, but there will be cases where you have one legal entity which is operating in different countries. Every country will have different requirements for external reportin, therefore it would be necessary to create company code for every country and assign them to the Company ID for consolidation purposes. Transaction: OX15 IMG path: Eterprise Structure –> Definition –> Financial Accounting –> Define Company Table: T880     Click on …

  So far you probably have an access to SAP IDES and have a basic understanding for the business processes which are covered in SAP ERP. Next important knowledge that you should develop is to learn what SAP ERP Financials modules are capable of. Having good understanding of what SAP FICO capabilities is critical success factor for every SAP FICO professional. It is much more important to know what are the functionalities of SAP FICO than knowing a few more configuration transactions. You will be surprised how many unnecessary customer ABAP developments exists in the SAP world, because of missing knowledge in …

  If you were lucky enough to find the study book for BC100 in realtion with Part 1 of ABAP FICO series, you will probably be eager for a little more knowledge in ABAP. It would make sense if you follow the SAP courses where the next one is BC400 course. By the way, BC400 course is in the syllabus for getting SAP FI Professional Application Certification in relation with knowledge in FI Tables and ability to design document print layouts. Back to the topic, BC400 seems to be wonderful course, but you should take the on-site training. …

  When we first imagine programming from a person with financial background view, it could look a bit scary, but probably you don’t realize that you already have basic skills. If you use VLOOKUP function in Excel then you could very easy familiarize yourself with relational databases. If you use IF statements or even nested IFs, you could very easy catch the topics with program flow control and logical expressions. There are plenty of functions in Excel for transformation of the cell contents as VALUE, LEFT, RIGHT, MID, CONCATINATE, PROPER, LOWER, UPPER, VALUE and many more. These are usually …