Chinmay Gajanan Damle

SAP FICO Web Resume


Introduction

1. SAP Certified Consultant; 2. Around 8 yrs Experience in Core Accounting including 2 yrs as SAp End User;

Experience

SAP FI - Basic Settings & General Ledger Master Data

ü  Defining ‘Company’ creation related settings like creation of client, company code, linking of client with company code.

ü  Defining ‘Business Area’ for segment-level reporting based on Geographical Area.

ü  Customizing ‘Credit Control Area’, for Credit Management as per requirement based on credit limit.

ü  Defined ‘Fiscal Year Variants’ and configured Posting Periods.

ü  Defining ‘Chart of Account’ as per requirement and linking with company code.

ü  Customizing different ‘Financial Statement Versions’ for external reporting in accordance with guidelines set for Financial Statement preparation under Sixth Schedule of the Companies Act and the Standard Accounting Practice.

ü  Defining ‘Account Group’ in which similar ‘Items’ are indexed according to ‘Expenses or Revenues Account’ in Financial Accounting and ‘Cost/Revenue Elements’ in Cost/Revenue Accounting.

ü  Assigning a ‘Retained Earning Account’ to each Profit & Loss account by specifying Profit & Loss Statement account type in the Chart of Account area of each Profit & Loss account.

ü  Creating ‘General Ledger’ master record on by centrally, company code level or chart of account level.

ü  Configured ‘House Bank’ and ‘Cash Journal’ as per requirement.

ü  Configuration of ‘Special GLs’ as per requirement.

ü  Maintaining ‘Currency Exchange Rates’ to value foreign currency denominated transaction in company code currency. To take different valuation approaches into consideration for calculation and posting, Valuation Areas have to be created for foreign currency valuation.

 

SAP FI - Accounts Payable

ü  Configuring ‘Vendor Account Groups’ for Non-Stock related business activities in Finance Accounting and Stock related business activities in Material Management.

ü  Creating ‘Vendor Master Records’ as per requirements.

ü  Identifying and defining ‘House Banks’ and Bank Accounts linked to it, setting up bank Groups to meet the client’s project needs and to help optimize bank selection in automatic and manual payment program.

ü  Configuring ‘Automatic payment program’ (APP) for Vendor payment.

ü  Maintaining ‘Vendor Tolerance Groups’ to specify the maximum payment difference that can be charged off to a G/L account, the maximum Cash Discount percentage amount and the maximum allowable difference in percentage terms.

 

SAP FI - Accounts Payable

ü  Configuring ‘Customer Account Groups’ and Creating ‘Customer Master Records’.

ü  Configured ‘Dunning’ Settings for automatic reminder of outstanding balance with customers.

ü  Maintaining ‘Customer Tolerance Groups’ to specify the maximum payment difference that can be charged off to a G/L account, the maximum Cash Discount percentage amount and the maximum allowable difference in percentage terms.

 

SAP FI – Assets Accounting

ü  Defining ‘Assets Class’ as per requirement and assign ‘Account Determination’ for making successful transactions.

ü  Maintaining ‘Depreciation Area’ for different valuation for instance Company Account, Income Tax Act, Group reporting etc.

ü  Maintaining ‘Depreciation Key’ containing depreciation methods as well as rates to be depreciate.

 

SAP FI – Closing Activities

ü  Configured ‘Accrual and Deferral’ settings for Provisions, Prepaid cost, Recurring entries.

ü  Running ‘Periodical Closing Process’ like Depreciation Run on background

 

SAP FI – Controlling basic setting

ü  Defining ‘Controlling Area’ and assigning company code to controlling Area.

ü  Activating the components of Controlling Area through a fiscal year assignment relevant to the project and naming the ‘Cost Centre Standard hierarchy’.

  

SAP FI – Cost Centre & Cost Element Accounting

ü  Creating ‘Cost Element Group’ based on the naming convention guidelines issued for grouping cost element to process several cost element in one transaction.

ü  To support management reporting a Standard Hierarchy design is created with lower nodes level within the hierarchy, which is assigned to ‘Cost Centre’ master data.

Location

Mumbai, Maharashtra, India

Web Profiles

LinkedIn


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