SAP Financial Accounting (SAP FI)
The Financial Accounting (SAP FI)
module in SAP is designed to capture organizations business transactions in a
manner that will satisfy external reporting requirements. Local legal
considerations are pre-delivered with the system and the ability to manage and
report on multiple companies in multiple countries with multiple currencies is
part of standard functionality. Integration with Sales and Distribution,
Purchasing and Materials Management allows for the ability to select any
financial transaction and "Drill Down" to the originating transaction
whether it is a purchase Order, Sales Order or material movement.
Financial Accounting includes the
following sub-modules:
- General Ledger (FI-GL)
- Accounts Payable (FI-AP)
- Accounts Receivable (FI-AR)
- Bank Accounting (FI-BL)
- Asset Accounting (FI-AA)
- Funds Management (FI-FM)
- Travel Management (FI-TV)
- Special Purpose Ledger (FI-SL) (I am not sure this is really considered a module anymore)
The flexibility of the Finance
modules organizational structure gives the module the ability to handle any
economic situation. Whether a smaller organization with a single legal entity
or a large organization with numerous companies, consolidations and varying
legal requirements, the FI module can support and automate most financial
postings and reporting. Below is a listing of the main organizational elements
in the Finance module:
- Company Code - Represents a legal reporting entity. There can be numerous company codes within an organization. Each has its own balanced books and reports itself as a single economic entity.
- Credit Control Area - If credit management is being used, this sets the general parameters for how credit is managed. The credit control area can control credit for a single company code representing a decentralized credit management approach or multiple company codes representing a more centralized credit management approach.
- Chart of Accounts - The system supports single or multiple charts of accounts providing the ability to record transactions and report financially in many different regulatory environments. A chart of accounts can support multiple Company Codes if necessary.
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