Accounting

[Former Member]

Hi Guys,

Please help me in giving the basic accounting information which will be useful before starting to SAP FICO.

Thanks.

Raghavendra

[Former Member]

Hi raghavendra,

The basic accounting which is useful before to start SAP FICO.

1. Understanding of Business flows and Requirements

2. Basic concepts in Accounts Like Types of Accounting Sysytems, Balance Sheet formate like schedule 6 of companies Act and how the financial year is closing, before closing of this what are the provisions and Outstandings , how we are taking cre of them.

3. strong understanding of various taxes like Excise, VAT.TDS and how the reporting in each act

4 Work flow in company like , how the relation ship among the departments like Accounts to Purchase, Stores , Marketing,Production , vice versa

Thanking you

i think it helps u .

[Former Member]

Hi

Understand the business process and accounting standards, terminology, etc

Example: How the receivbale,s payables, asset etc.

Thanks

Ashok