Sap Fico Functional Consultant

Role & responsibilities

• Lead end-to-end SAP FICO implementations.
• Protiviti is a leading consulting firm with a global presence. This role offers excellent opportunities for professional growth and development.
• Lead and Manage SAP FICO module E2E implementation projects from planning to Go-Live and Support.
• Conduct requirement gathering sessions with clients to understand their business processes and needs.
• Configure SAP FICO modules (GL, AR, AP, AA, and CO) based on business requirements.
• Ensure seamless integration with other SAP modules such as MM, SD, and PP.
• Advanced proficiency in COPA for handling profitability analysis and reporting.
• Strong knowledge of SAP FI (General Ledger, Accounts Payable, Accounts Receivable, Asset Accounting) and CO (Cost Center Accounting, Profit Center Accounting, Internal Orders, Product Costing, Profitability Analysis) modules.
• Preferable qualified CA/CMA/MBA

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.

Skills Required
Sap Fico