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Chapter 1Overview of the FI Module

• The SAP Financial Accounting (FI) module provides integrated, on-line, real-time functionality for processing, recording and maintaining the financial accounting transactions of the business for external reporting purposes.

• Chapter Objectives– Provide a general overview of the Financial Accounting

module and its sub- modules.– Highlight the various integration points among the

FinanciaI Accounting sub-modules and other SAP modules.

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SAP R/3 Applications

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Sub-Modules of FI

• General Ledger

• Accounts Receivable

• Accounts Payable

• Fixed Assets (Asset Accounting)

• Legal Consolidation

• Special Purpose Ledger

• Funds Management

• Travel Management

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General Ledger (FI-GL)

• Integrated with other application modules and FI sub-modules

• Financial Data Entry

• User-defined balance sheet / profit and loss statement versions

• Multiple Currencies

• Flexible Report Generator

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• Real-time integration with the General Ledger

• Integration with Sales and Distribution (SD) and Materials Management (MM) as a part of the Sales Cycle

• Integration with Treasury

• Credit Management

• Incoming Payment Processing

• Automatic Dunning Function

Accounts Receivable (FI-AR)

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• Real-time integration with General Ledger

• Integration with Materials Management as a part of the Procurement Cycle

• Integration with Treasury

• Outgoing Payment Program

• Vendor Correspondence

Accounts Payable (FI-AP)

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Fixed Asset Accounting (FI-AA)

• Real-time integration with the General Ledger.

• Batch processing and posting of depreciation expense, interest and replacement values.

• Integration with: – Material Management (MM)– Production Planning (PP) – Accounts Receivable (FI-AR) – Accounts Payable (FI-AP)– Cost Accounting (CO)– Plant Maintenance (PM)

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Special Purpose Ledger (FI-SL)

• Provides summary information from multiple SAP applications at a user defined level

• Flexible Reporting Tool

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Treasury

TRTR

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SAP and Integration

Technical

Integration

Logistics Accounting

Information Flow

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Benefits of Integration

• Timely access to common information

• Flexible and adaptable to growth

• Elimination of duplicate entries

• Increased visibility of business results across functional boundaries

• Minimization of system interfaces and maintenance requirements while maintaining portability

• Immediate reflection of financial impacts

• Capture of decisions at the source for better control and accuracy.

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Overview of the FI Module - Chapter Summary

• Key Terms: – SAP Financial Accounting Module– FI-GL– FI-AR– FI-AP– FI- AA – FI-LC– FI-SL– FI-FM– TR-CM– Integration

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Overview of the FI Module -Chapter Summary

• Key Terms: – SAP Financial Accounting Module– FI-GL– FI-AR– FI-AP– FI- AA – FI-LC– FI-SL– FI-FM– TR-CM– Integration