A bundle of 30 chapter guide inside the pack of topics:
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.
The system provides a set of tools to facilitate the process of customizing the system to meet business requirements
Chapter 3:Organizational Structure
The system can be configured to reflect a company’s organizational structure and has the flexibility to incorporate future changes in that structure
Chapter 4:Company Code Global Parameters
The Company Code is the organizational unit within a Client that represents an independent legal entity for external reporting purposes.
Chapter 5:Overview of Master Records
A master record contains information relating to an individual object, which remains unchanged for a long period of time.
Chapter 6:Account Master Records
A General Ledger Account master record contains information about the account that controls how business transactions are posted to it and how it is managed.
Chapter 7:Customer Master Records
Customer master records contain information about the Customer Account that controls how business transactions are posted and managed.
Chapter 8:Vendor Master Records
Vendor master records contain information about the Vendor Account that controls how business transactions are posted to it and how it is managed.
Chapter 9:Bank Master Records
Bank master records contain information about any banking institution with which an organizationconducts business.
Chapter 10:Document Configuration
The system is based on the Document Principle which states that every business transaction creates a document. Document configuration through the IMG defines the structure of each type of document.
Chapter 11:Document Entry
This chapter discusses the application side of the system where users actually enter the documents in the system.
Chapter 12:Reference Documents
During the normal course of business, repetitive periodic accounting transactions must be processed. Many of which contain a large number of line items. To minimize input errors and data entry time, the system offers several solutions to repetitive document posting.
Chapter 13:Preliminary Postings
Business issues such as authorization and incomplete data often require a document to be stored by the system so it may be posted when all the required information is available.
Chapter 14:Document/Account Maintenance
Errors discovered after a document has been posted can be corrected by changing the document or by reversing it and posting a corrected document. Additionally, accounts become difficult to manage over time as large numbers of documents are posted. The process of clearing optimizes account management.
Chapter 15:Display Accounts & Documents
The system offers easy access to information on a real-time basis. Financial information can be reviewed by displaying the account balances and their line items as well as the documents that have been posted.
Chapter 16:Line Item Configuration
The system can generate Line Items automatically when a transaction is processed that requires additional Line Items to balance.
Chapter 17:Sales Cycle & Documents
Sales is a component of the Sales & Distribution module that supports the sale, delivery, and billing of materials and/or services to the customers of the organization.
In keeping with the system’s Document Principle, the steps in the Sales Cycle are represented by various documents, which are produced in the Sales & Distribution and Financial Accounting modules.
Chapter 18:Automatic Account Assignment
To ensure a real-time, integrated Sales Cycle, the system contains functionality which will automatically determine the proper General Ledger Accounts to be posted to when a Goods Issue and a Billing Document is created.
Chapter 19:Credit Management
Credit Management is the process of establishing customer credit limits, establishing credit checking policies and monitoring Customers against those criteria. It is configured in both the Financial Accounting (FI) and Sales & Distribution (SD) modules.
Chapter 20:Incoming Payment Processing
The receipt of payment from a customer is the final step in the integrated Sales Cycle. The system provides full functionality for processing customer payments, clearing open items in the Customer Account and resolving any payment differences.
Dunning is the process of notifying customers that an unpaid obligation has become past due.
Chapter 22:Procurement Cycle and Documents
Procurement is a component of the Materials Management module that supports the purchase of materials and / or services by an organization from sources outside the organization.
In keeping with the system’s Document Principle, the steps in the Procurement Cycle are represented by various documents, which are produced in both the Materials Management and Financial Accounting Modules.
Chapter 23:Invoice Verification
Invoice Verification is the part of the Materials Management Module that processes invoices from vendors by creating them in the system and matching them to Procurement Documents.
Chapter 24:Outgoing Payment Processing
Outgoing Payment Processing is the final step in the Procurement Cycle. The system employs an automated Payment Program which provides full functionality for processing Vendor payments.
Chapter 25:Special General Ledger Transactions
Special General Ledger Transactions are multi-step transactions that, for reporting purposes, must be posted to a Reconciliation G/L Account other than that defined in the Customer or Vendor master record for which the transaction is being processed.
The system provides standard functionality for processing transactions in foreign currencies and valuating transactions and accounts managed in foreign currencies.
Closing is the periodic process of reviewing system reports and executing system programs in preparing the legal financial statements of the organization.
Chapter 28:Financial Statements & Reporting
The financial statements required by a legal entity can be configured in the system according to legal requirements and the specific requirements of the organization.
Tax functionality in the system is supported in the Sales & Distribution, Materials Management and Financial Accounting modules.
Chapter 30:Special Topics
Cash Journal – a Banking-Related Accounting sub-ledger for the management of petty cash in a business.
Schedule Manager – allows users to schedule and execute transactions and programs in a single location
Travel Management – tracks and reimburses employee travel expenses