Académique Documents
Professionnel Documents
Culture Documents
http://academic.scranton.edu/faculty/gramborw/sap/ficover.htm
FI-CO OVERVIEW
SAP R/3 Organizational elements for Financials Reporting and Analysis
OBJECTIVES Define the SAP R/3 organizational elements for Financial reporting and control Identify financial integration points with the logistics chain Execute financial and management reports in the SAP R/3 system
Financial Accounting is broken down into the following submodules: General Ledger accounting Accounts Receivable Accounts Payable
1 of 7
11/22/2010 12:25 AM
FI-CO Overview
http://academic.scranton.edu/faculty/gramborw/sap/ficover.htm
Legal Consolidations Special Purpose ledger Asset Accounting Controlling is broken down into the following submodules: Overhead Cost Controlling Product Cost Controlling Sales and Profitability Analysis Activity Based Costing
Financial Accounting (FI) core financial accounting integrated with subledgers Controlling (CO)
Investment Management capital investment management such as construction projects or capitalization of (IM) assets
Controlling
Controlling area Cost center Profit center Organizational unit for cost accounting Organizational unit for cost control Organizational unit for internal profit analysis
2 of 7
11/22/2010 12:25 AM
FI-CO Overview
http://academic.scranton.edu/faculty/gramborw/sap/ficover.htm
3 of 7
11/22/2010 12:25 AM
FI-CO Overview
http://academic.scranton.edu/faculty/gramborw/sap/ficover.htm
External accounting is directed "outwards" and is regulated strictly by tradition and law to ensure comparability. Principles of double entry bookkeeping Profit and loss system Period based accounting Internal accounting is purely for internal use and serves to control and manage the organization. It is constructed along the lines set by management and must be flexible.
4 of 7
11/22/2010 12:25 AM
FI-CO Overview
http://academic.scranton.edu/faculty/gramborw/sap/ficover.htm
The Audit Trail Every transaction in the system is represented by a document A document records a business transaction Documents are accessible in real time and are stored centrally Data resulting from transactions posted to the system can be viewed at every level of detail from the original document to the final report. The system provides an audit trail of the reporting information through the drill down capabilities.
5 of 7
11/22/2010 12:25 AM
FI-CO Overview
http://academic.scranton.edu/faculty/gramborw/sap/ficover.htm
General Ledger and its Subledgers Transactions that affect financials update the General Ledger via subledgers that are directly integrated. Subledgers reduce the number of General Ledger accounts shown on the Financial Statement. The balances of subledger accounts are automatically updated in the General Ledger through a Reconciliation Account.
6 of 7
11/22/2010 12:25 AM
FI-CO Overview
http://academic.scranton.edu/faculty/gramborw/sap/ficover.htm
7 of 7
11/22/2010 12:25 AM