Section 3 chapter 21 - financial management - teaching aid

Chapter 21: Finance is a highly integrated ERP module

AssetAssetAccountingAccounting

Accounts Accounts PayablePayable

Accounts Accounts ReceivableReceivable

GeneralGeneral LedgerLedger

Finance ModuleFinance Module

Payroll

Purchase Orders

Production OrdersProduction Orders

Sales Revenues

PurchasePurchase

ProductionProduction

SalesSales

HRHR

Accounting – Routine Transactions Accounts Payable Accounts Receivable / Collection Management Costing and Profitability Expenses Management Budgeting Consolidation Financial Reporting Internal Control And Audits Tax Planning Treasury & Cash Management

Chapter 21: Financial Management – Application Categories

Chapter 21: The Elements of Financial Accounting

Bank Accounts

General LedgerPayablesPayables ReceivablesReceivables

Consolidation

AccountsPayable

InvoiceInvoiceVerificationVerification

Foreign ExchangeManagementForeign ExchangeManagement

FinancialAnalysisFinancialAnalysis

Cash Managementand ForecastCash Managementand Forecast

AccountsReceivable

CreditCreditManagementManagement

Collection ManagementCredit Management

Dispute ManagementCustomer self service portal

Cash and Liquidity MgmtFinancial risk Mgmt

GL, AP, AR, Asset Accounting, Tax, Inventory

A/C, Contract A/C

Profit centre accounting, Cost centre accountingProduct cost accounting

Project accountingTransfer Pricing

Treasury Management

Financial Accounting

Management Accounting

Financial Supply Chain Management

ERP Financial Module

Chapter 21: ERP Financial Module

Chapter 20: Financial Accounting Areas

Accounts

Payable

Financial

Statement

Tax Accounting

Inventory Accounting Asset

Accounting

Bank Accounting

General Ledger Accounts

Receivable

Contract AccountingCash Journal

Chapter 20: Management Accounting Areas

Management

Accounting

Project Accounting and BudgetingProduct Cost

Accounting

Cost Centre Accounting and

Budgeting

Profit Centre AccountingManagement

Dashboard / Report

Transfer Pricing

Chapter 20: Financial Supply Chain Management Areas

Self Service PortalsSelf Service Portals Collection Collection ManagementManagement

Dispute Dispute ManagementManagement Credit Credit

ManagementManagement

Financial Supply Chain Financial Supply Chain ManagementManagement

PricePrice

Budgeting / PlanningBudgeting / Planning

Business Performance Management

Business Performance Management

ConsolidationConsolidationActivity Based

CostingActivity Based

Costing

Chapter 20: Emerging Areas Of Financial Management