6.

Posting of vendor transactions

(invoice posting, payment posting, credit memo)

7. Settings for advance payments to
parties (down payment) and clearing of down
payment against invoices (special GL transactions)

8. Posting of partial Payment &
Residual Payment

9. Creation of payment terms,

Introduction to SAP R/3

1. Introduction to ERP, and S.A.P

2. What is S.A.P / R/2-R/3 ARCHITECTURE

3. S.A.P Server landscape

4. OVER VIEW OF FICO


Month-end closing: The work that is performed at the end of a posting period.
Functional area: An organizational unit in Accounting that classifies the expenses of an
organization by functions such as:
Administration
Sales and distribution
Marketing
Production
Research and development
Meaning of Accrual and Deferral
Accrual: An accrual occurs before a payment or receipt transaction. There are accruals for
expenses and for revenues. An accrual of an expense refers to the reporting of an expense