Financial Contract Accounting Course Overview

Minimum Required Prerequisites for Financial Contract Accounting (BR240)

To ensure you have a smooth learning experience and successfully undergo the Financial Contract Accounting (BR240) course, it is recommended that you have the following minimum prerequisites:

• Basic Knowledge in Financial Accounting: A foundational understanding of financial accounting principles and practices will be beneficial.
• SAP S/4HANA Familiarity: Prior exposure to SAP S/4HANA will help you grasp the course content more effectively.
• Experience with Business Processes: Familiarity with standard business processes, especially in finance, can be advantageous.
• Understanding of General Ledger: Knowledge of general ledger and financial processes is recommended.
• Basic Computer Skills: Competence in using computer systems and software applications.

These prerequisites are designed to help you get the most out of the BR240 course and should not be seen as barriers but as foundational knowledge to enhance your learning experience.

Target Audience for Financial Contract Accounting

Introduction: The Financial Contract Accounting course (BR240) by Koenig Solutions is designed for professionals involved in SAP S/4HANA financial processes and SAP Billing and Revenue Innovation Management.

Target Audience:

• Application Consultant
• Technology Consultant
• Business Process Architect
• Business Process Owner/Team Lead/Power User
• Solution Architect
• Trainer
• User
• SAP Project Managers
• SAP Support Specialists
• Financial Analysts
• IT Managers
• System Administrators
• Accountants and Financial Controllers
• SAP Implementation Team Members
• SAP Functional Consultants
• ERP Consultants

Learning Objectives - What you will Learn in this Financial Contract Accounting?

Financial Contract Accounting Course (BR240) - Learning Objectives and Outcomes

The Financial Contract Accounting course (BR240) by SAP empowers participants with comprehensive knowledge of SAP S/4HANA, SAP Billing, and Revenue Innovation Management (BRIM), and key financial accounting concepts essential for robust financial management.

Learning Objectives and Outcomes:

• Introduction to SAP S/4HANA

  • Explain SAP HANA and SAP S/4HANA
  • Describe SAP Billing and Revenue Innovation Management (SAP BRIM)
  • Explain SAP Fiori Application and Tools

• Master Data

  • Explain FI-CA master data objects

• Documents

  • Outline the document lifecycle
  • Explain the document structure
  • Integrate with the general ledger
  • Explain segment reporting in the general ledger
  • Use Account Balance Display

• Account Determination

  • Describe transactions in FI-CA
  • Configure FI-CA account determination
  • Configure FI-CA tax determination

• Payment Procedures

  • Explain FI-CA payment procedures
  • Process payment lots and check lots
  • Process clarification cases
  • Work with the cash desk and cash journal

• Payment Runs

  • Explain