Welcome to our SAP FI/CO module category page, where you can find a comprehensive collection of documents, tutorials, and guides. Explore our extensive resources to gain insights into financial accounting, controlling, and related processes, enabling you to master key concepts and optimize your SAP FI/CO implementation with ease.
This is a quick guide to concept of SAP FI Accounts Receivable and Accounts Payable. See below content of this material;
SAP R/3 has a dedicated module FI-AR which is specialized to maintain the accounts receivable sub-ledger of the FI-GL General Ledger. The accounts receivable module stores its own master data, transaction data and has its own reporting system. One important point is that both the general ledger and the AR sub-ledger use the same chart of accounts. Similarly, the master records are also shared with GL. As a concept, every transaction creates an SAP document.
Like SD and MM integration as highlighted before, SAP also cover some of the integration area related to Material Management and Financial Accounting components of SAP R/3. Under this article, some of the important steps related MM-FI Integration have been highlighted. This complete integration is covered in SPRO under the node Valuation and Account Assignment (Account Determination & Automatic Postings).
Controlling Area: An organizational unit within a company, used to represent a closed system for cost accounting purposes. A controlling area may include single or multiple company codes that may use different currencies. These company codes must use the same operative chart of accounts.
Cost center std Hierarchy : Indicated hierarchy of cost center groups in which all cost centers in a controlling area are gathered together.
Cost element : A cost element classifies the organization’s valuated consumption of production factors within a controlling area. A cost element corresponds to a cost-relevant item in the chart of accounts.
Client: In commercial, organizational and technical terms, a self-contained unit in an R/3 System with separate master records and its own set of tables.
Company Code: The smallest organizational unit of Financial Accounting for which a complete self-contained set of accounts can be drawn up for purposes of external reporting.
Business Area: An organizational unit of financial accounting that represents a separate area of operations or responsibilities within an organization and to which value changes recorded in Financial Accounting can be allocated.
Evaluating the range of options that are available for segment reporting within the SAP ERP system is complex, primarily due to the multitude of possible implementation solutions. Additionally, it is difficult to isolate a decision through the segment reporting approach from overall decisions regarding the integrated reporting strategy and the underlying system architecture. The emphasis in this paper is on recommending the best foundations of segment reporting design. In addition, we explain the key reports in SAP ERP and SAP NetWeaver BI to comply with segment reporting requirements.
Postings in Asset Accounting create or modifies entries in the following tables:
