Scribd Logo
Upload

Welcome to Scribd!

  • 14 views

    FI - Module: General Ledger Accounting

    Uploaded by

    darshit
    SAP FI is a financial accounting module that consists of submodules like general ledger, accounts receivable, accounts payable, asset accounting, and bank accounting. All transactions across the submodules are integrated in real time. The objective is to record all financial transactions and produce accurate financial statements at the end of each reporting period.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    FI - Module: General Ledger Accounting

    Uploaded by

    darshit
    14 views3 pages
    SAP FI is a financial accounting module that consists of submodules like general ledger, accounts receivable, accounts payable, asset accounting, and bank accounting. All transactions across the submodules are integrated in real time. The objective is to record all financial transactions and produce accurate financial statements at the end of each reporting period.

    Original Description:

    disc

    Original Title

    FI Module

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    SAP FI is a financial accounting module that consists of submodules like general ledger, accounts receivable, accounts payable, asset accounting, and bank accounting. All transactions across the submodules are integrated in real time. The objective is to record all financial transactions and produce accurate financial statements at the end of each reporting period.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    14 views3 pages

    FI - Module: General Ledger Accounting

    Uploaded by

    darshit
    SAP FI is a financial accounting module that consists of submodules like general ledger, accounts receivable, accounts payable, asset accounting, and bank accounting. All transactions across the submodules are integrated in real time. The objective is to record all financial transactions and produce accurate financial statements at the end of each reporting period.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    FI – Module

     SAP FI is a module for reporting both externally and internally. The


    objective is to record all financial transactions that are posted by an
    entity and produce financial statements which are accurate at the end of
    the reporting period.

     SAP FI is made up of sub modules. The sub-modules that are often


    used are :

    1. General Ledger Accounting


    2. Accounts Payable
    3. Accounts Receivable
    4. Asset Accounting
    5. Bank Accounting

     All the sub modules are interlinked and integrate in real time. A trial
    balance can be extracted at any time and it will always balance because
    all the sub modules are connected.

    General ledger accounting


     All general ledger accounts that are used for reporting are managed
    through general ledger accounting. In SAP a set of all general ledger
    accounts used by a company or a group of companies is called a chart
    of accounts. These are the accounts that will be used for the
    preparation of financial statements. Most of the transactions are
    recorded in sub modules and they are reconciled with the general
    ledgers in real time. Transactions that can be done in direct in general
    ledger Accounting include journal vouchers which are posted to adjust
    or correct transactions. Reversals can also be done from general ledger
    accounting. Balances in general ledger accounts can be displayed and
    trial balances extracted from the system.

    Accounts receivables
     Accounts receivables is a sub module that captures all transactions with
    customers and manages customer accounts. Separate customer
    accounts will be maintained and when transactions are posted in
    customer accounts, reconciliation accounts in general ledger are
    updated with the figures in real time. Transactions in accounts
    receivables include invoice posting, credit memo posting, down
    payments, invoice payment, dunning and executing customer reports.

    Accounts payables
     Accounts payables is a sub module that captures all transactions with
    vendors and manages vendor accounts. Separate vendor accounts are
    maintained and when transactions are posted in vendor accounts,
    reconciliation accounts in general ledger are updated with the figures in
    real time. Transactions in accounts payables include invoice posting,
    credit memo posting, down payments, invoice payment, automatic
    payment program and executing vendor reports.

    Asset accounting
     Asset accounting manages all transactions related to assets for an
    entity. When transactions are posted in asset accounts, reconciliation
    accounts in general ledger are updated in real time. Transactions in
    asset accounting include asset acquisition, asset retirement, asset sale,
    asset transfer, asset revaluation and asset depreciation.

    Bank accounting
     Bank accounting captures all transactions with the banks. Bank
    reconciliation is done to reconcile all transactions recorded on bank
    statements comparing them to transactions in the system.

    Organization Structure FI :
    1. Company
    2. Segment
    3. Company Code
    4. Chart of Accounts
    5. Credit Control Areas
    FI Module Integration with other Modules:

    1. Material Management (MM)


    2. Production Planning (PP)
    3. Sales and Distribution (SD)
    4. Plant Maintenance (PP)
    5. Controlling (CO)

    You might also like