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author's profile photo Former Member
Former Member

Accounting

Hi Guys,

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

Thanks.

Raghavendra

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 23, 2007 at 11:34 AM

    Hi

    Understand the business process and accounting standards, terminology, etc

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

    Thanks

    Ashok

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 23, 2007 at 07:38 PM

    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 .

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