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Learn the Fundamentals and Advanced Topics of SAP Financial Accounting with TFIN50 and TFIN52 Courses



TFIN50: Financial Accounting I TFIN52: Financial Accounting II




If you are interested in learning the basics of financial accounting and controls in SAP ERP system, you might want to consider taking the TFIN50 and TFIN52 courses. These courses are designed to prepare you for the Certified Application Associate - Financial Accounting with SAP ERP 6 with Enhancement Package 7 exam, which is a globally recognized certification that validates your skills and knowledge in SAP financial accounting.




TFIN50: Financial Accounting I TFIN52: Financial A adagio ultras progra



In this article, we will give you an overview of what these courses cover, who they are for, and how you can enroll and prepare for them. We will also answer some frequently asked questions that you might have about these courses and the certification exam.


Introduction




TFIN50 and TFIN52 are two parts of a comprehensive training program that covers the core topics of accounting and financial reporting in SAP ERP system. They are part of the SAP ERP Solution training path, which is a series of courses that teach you how to use SAP ERP software for various business processes.


The courses are intended for consultants, project managers, business analysts, accountants, auditors, and anyone who wants to learn how to use SAP ERP system for financial accounting and controls. The courses will help you understand the principles of financial accounting and the financial transactions you will be conducting within the system. You will also learn how to create and manage financial documents and transactions, and how to generate reports for external and internal review.


To enroll in these courses, you need to have some basic knowledge of financial accounting concepts and terminology. You also need to have access to a computer with internet connection and a web browser that supports SAP Live Class. SAP Live Class is a virtual classroom platform that allows you to interact with instructors and other participants online. You can also access course materials, exercises, quizzes, and recordings through SAP Live Class.


To prepare for the certification exam, you need to complete both TFIN50 and TFIN52 courses. You also need to reserve extra hours of self-study to review the course materials in more detail. The certification exam is a multiple-choice test that consists of 80 questions. You have 180 minutes to complete it. You need to score at least 65% to pass it.


TFIN50: Financial Accounting I




TFIN50 is the first part of the training program that introduces you to the basics of financial accounting in SAP ERP system. The course has eight units that cover the following topics:


  • Unit 1: Fundamentals. This unit gives you an overview of the features and functions of SAP ERP system and how it relates to financial processes. You will learn about the organizational structures, master data, business processes, integration aspects, user interfaces, navigation, and help functions of SAP ERP system.



  • Unit 2: General Ledger Accounting. This unit teaches you how to set up and manage general ledger accounts in SAP ERP system. You will learn about the chart of accounts, account groups, document types, number ranges, posting keys, field status groups, and posting periods. You will also learn how to create and post general ledger documents, display and change documents, reverse documents, clear open items, and carry forward balances.



  • Unit 3: Accounts Payable. This unit teaches you how to set up and manage accounts payable accounts in SAP ERP system. You will learn about the vendor master data, vendor account groups, payment terms, payment methods, and house banks. You will also learn how to create and post vendor invoices, credit memos, payments, and down payments. You will also learn how to display and change vendor documents, reverse documents, clear open items, and carry forward balances.



  • Unit 4: Financial Transactions. This unit teaches you how to perform various financial transactions in SAP ERP system. You will learn how to create and post accruals and deferrals, recurring entries, sample documents, parked documents, and hold documents. You will also learn how to use fast data entry and document splitting.



  • Unit 5: Financial Reporting and Analysis. This unit teaches you how to generate and analyze financial reports in SAP ERP system. You will learn how to use the information system and ABAP reports of general ledger accounting and accounts payable. You will also learn how to use report variants, selection variables in variants, list viewer, drilldown reporting tool, and sample evaluations.



The course has a duration of 40 hours and is delivered through SAP Live Class. The course includes lectures, discussions, demonstrations, exercises, quizzes, and a final assessment. The course also provides you with access to a SAP ERP system where you can practice the concepts and transactions you learned.


TFIN52: Financial Accounting II




TFIN52 is the second part of the training program that builds on the topics covered in TFIN50. The course has eight units that cover the following topics:


  • Unit 1: Asset Accounting. This unit teaches you how to set up and manage asset accounting in SAP ERP system. You will learn about the chart of depreciation, depreciation area, asset classes, master data, asset transactions, valuation, periodic processing, information system, and new asset accounting.



  • Unit 2: Accounts Receivable. This unit teaches you how to set up and manage accounts receivable accounts in SAP ERP system. You will learn about the customer master data, customer account groups, payment terms, payment methods, dunning procedure, interest calculation method, correspondence type, and country specifics. You will also learn how to create and post customer invoices, credit memos, payments, and down payments. You will also learn how to display and change customer documents, reverse documents, clear open items, and carry forward balances.



  • Unit 3: Special G/L Transactions. This unit teaches you how to perform special G/L transactions in SAP ERP system. You will learn about the special G/L indicators, document types, posting keys, and reconciliation accounts for special G/L transactions. You will also learn how to create and post special G/L transactions such as down payments, bills of exchange, guarantees, and notes payable. You will also learn how to display and change special G/L documents and clear special G/L items.



  • Unit 4: Document Parking. This unit teaches you how to use document parking in SAP ERP system. You will learn about the document parking workflow and authorization concept. You will also learn how to park and post parked documents and change and delete parked documents.



  • Unit 5: Validations and Substitutions in Financial Accounting. This unit teaches you how to use validations and substitutions in financial accounting in SAP ERP system. You will learn about the validation and substitution rules and callup points. You will also learn how to create and activate validations and substitutions and check and correct validation and substitution errors.



  • Unit 6: Reporting in Financial Accounting. This unit teaches you how to use advanced reporting features in financial accounting in SAP ERP system. You will learn about the report painter and report writer tools. You will also learn how to create and execute report painter and report writer reports and modify and copy standard reports.



TFIN52: Financial Accounting II




TFIN52 is the second part of the training program that builds on the topics covered in TFIN50. The course has eight units that cover the following topics:


  • Unit 1: Asset Accounting. This unit teaches you how to set up and manage asset accounting in SAP ERP system. You will learn about the chart of depreciation, depreciation area, asset classes, master data, asset transactions, valuation, periodic processing, information system, and new asset accounting.



  • Unit 2: Accounts Receivable. This unit teaches you how to set up and manage accounts receivable accounts in SAP ERP system. You will learn about the customer master data, customer account groups, payment terms, payment methods, dunning procedure, interest calculation method, correspondence type, and country specifics. You will also learn how to create and post customer invoices, credit memos, payments, and down payments. You will also learn how to display and change customer documents, reverse documents, clear open items, and carry forward balances.



  • Unit 3: Special G/L Transactions. This unit teaches you how to perform special G/L transactions in SAP ERP system. You will learn about the special G/L indicators, document types, posting keys, and reconciliation accounts for special G/L transactions. You will also learn how to create and post special G/L transactions such as down payments, bills of exchange, guarantees, and notes payable. You will also learn how to display and change special G/L documents and clear special G/L items.



  • Unit 4: Document Parking. This unit teaches you how to use document parking in SAP ERP system. You will learn about the document parking workflow and authorization concept. You will also learn how to park and post parked documents and change and delete parked documents.



  • Unit 5: Validations and Substitutions in Financial Accounting. This unit teaches you how to use validations and substitutions in financial accounting in SAP ERP system. You will learn about the validation and substitution rules and callup points. You will also learn how to create and activate validations and substitutions and check and correct validation and substitution errors.



  • Unit 6: Reporting in Financial Accounting. This unit teaches you how to use advanced reporting features in financial accounting in SAP ERP system. You will learn about the report painter and report writer tools. You will also learn how to create and execute report painter and report writer reports and modify and copy standard reports.



  • Unit 7: Archiving in Financial Accounting. This unit teaches you how to use archiving in financial accounting in SAP ERP system. You will learn about the archiving object FI_DOCUMNT that is used to archive and delete financial accounting documents. You will also learn how to archive other data objects such as bank master data, customer master data, vendor master data, check data, electronic bank data, and payment requests.



  • Unit 8: Review and Certification Preparation. This unit helps you review and prepare for the certification exam. You will get an overview of the exam content and format. You will also get tips and tricks on how to study and practice for the exam. You will also have a chance to take a mock exam and get feedback on your performance.



The course has a duration of 40 hours and is delivered through SAP Live Class. The course includes lectures, discussions, demonstrations, exercises, quizzes, and a final assessment. The course also provides you with access to a SAP ERP system where you can practice the concepts and transactions you learned.


Conclusion




In this article, we have given you an overview of TFIN50 and TFIN52 courses that teach you the basics of financial accounting and controls in SAP ERP system. These courses are designed to prepare you for the Certified Application Associate - Financial Accounting with SAP ERP 6 with Enhancement Package 7 exam, which is a globally recognized certification that validates your skills and knowledge in SAP financial accounting.


We have covered the main topics and objectives of each course, as well as the prerequisites, duration, delivery method, and cost of the courses and the exam. We have also answered some frequently asked questions that you might have about these courses and the exam.


If you are interested in taking these courses and the exam, you can enroll through the SAP Training website. You can also find more resources and information on the SAP Help Portal and the SAP Community.


We hope you have found this article helpful and informative. We wish you all the best in your learning journey and your career in SAP financial accounting.


FAQs




Here are some of the most common questions that people have about TFIN50 and TFIN52 courses and the certification exam:


  • What are the prerequisites for taking TFIN50 and TFIN52 courses?



You need to have some basic knowledge of financial accounting concepts and terminology. You also need to have access to a computer with internet connection and a web browser that supports SAP Live Class.


  • How long are the courses and how are they delivered?



Each course has a duration of 40 hours and is delivered through SAP Live Class, which is a virtual classroom platform that allows you to interact with instructors and other participants online. You can also access course materials, exercises, quizzes, and recordings through SAP Live Class.


  • What is the format and duration of the certification exam?



The certification exam is a multiple-choice test that consists of 80 questions. You have 180 minutes to complete it. You need to score at least 65% to pass it.


  • How much does it cost to take the courses and the exam?



The cost of the courses and the exam varies depending on your location and currency. You can check the current prices on the SAP Training website.


  • How can I get help or support during the courses or the exam?



You can contact your instructor or SAP support team if you have any questions or issues during the courses or the exam. You can also use the SAP Help Portal and the SAP Community to find answers and solutions to your queries.


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