Financial accounting fi
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Financial Accounting (FI). SAP University Alliances Version 1.0 Authors Bret Wagner Stefan Weidner Stephen Tracy. Product SAP ERP 6.0 Global Bike Inc. Level Beginner Focus Cross-functional integration Financial Accounting. Customer and Vendor Accounts.

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Financial Accounting (FI)

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Financial accounting fi

Financial Accounting (FI)

SAP University Alliances

Version 1.0

Authors Bret Wagner

Stefan WeidnerStephen Tracy

Product

SAP ERP 6.0

Global Bike Inc.

Level

Beginner

Focus

Cross-functional integration

Financial Accounting


Customer and vendor accounts

Customer and Vendor Accounts

  • Customer and Vendor account balances are maintained in FI through fully integrated accounts receivable and accounts payable sub-modules

  • Financial postings for Customers and Vendors are made directly to their respective individual accounts and accompanied by a concurrent automatic posting to the General Ledger


Customer accounts

Customer 189

Customer 142

100

300

Accounts Receivable

(General Ledger)

Customer 135

Customer 123

950

400

150

Customer Accounts

  • Accounts Receivable Sub-Module

    • Information with respect to Customers who purchase the enterprise’s goods and services such as sales and payments made

    • Substantive and important integration between Sales and Distribution (SD) and FI

    • Billings in SD generate FI journal entries for sales activity


Vendor accounts

Vendor 100435

Vendor 100234

Vendor 100621

Vendor 100846

250

200

100

300

Accounts Payable

(General Ledger)

850

Vendor Accounts

  • Accounts Payable Sub-Module

    • Information with respect to Vendors from whom the enterprise purchases goods and services such as purchases and payments made

    • Substantive and important integration between Materials Management (MM) and FI

    • Purchase and goods receipt activities in MM generate FI journal entries


Accountants and audit trails

Accountants and Audit Trails

  • Audit trails allow an auditor to begin with an account balance on a financial statement and trace through the accounting records to the transactions that support the account balance

  • Audit trails enable an auditor to trace individual transactions to the effected account balance(s) on a financial statement


Sap document principle

SAP Document Principle

  • Each business transaction impacting FI writes data to the SAP database creating a uniquely numbered electronic document

  • The document number can be used to recall the transaction at a later date

  • It contains, for example, such critical and necessary information as:

    • Responsible person

    • Date and time of the transaction

    • Commercial content

  • Once written to the SAP database, a financial document (one impacting the financial position of the company) can not be deleted from the database

  • It can be changed to some degree

  • The SAP document principle provides a solid and important framework for a strong internal control system – a requirement of law for companies that operate in the United States


Sap document principle1

SAP Document Principle

Period 1

Doc. no.DT Doc.dateCurrencyAmount

1500000013KZ01/05/04 USD 1,800.00 -

1500000014KZ01/06/04 USD 990.00 -

100000012SA01/08/04 USD 750.00 -

1400000342DZ01/14/04 USD 5,250.00 -


Sap fi module

SAP FI Module

  • Fully integrated with other SAP modules including, but not limited to:

    • Sales and Distribution (SD)

    • Materials Management (MM)

    • Production Planning and Execution (PP)

    • Managerial Accounting (CO)


Summary

Purpose

SAP FI Organizational Objects

Financial Statements

Customer/Vendor Accounts

Audit Trails

Document Principle

Integration

Summary


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