SAP-FI Module – Overview Introduction
SAP FI Module is very powerful tool to meet full accounting and financial requirements of an organization. By using SAP FI module that Managers within the business can review the financial statements SAP Balance sheet, Profit and Loss accounts and Cash flow of the company in real time as compared to old systems, which require overnight updates before financial statements, can be generated.
The real-time functionality of the SAP modules provide helps in better decision-making and strategic planning. The FI (Financial Accounting) Module integrates with other SAP Modules such as MM (Materials Management), PP (Production Planning), SD (Sales and Distribution), PM (Plant Maintenance), and PS (Project Systems).
SAP FI Module also integrates with HR(Human Resources) or HCM which includes PM (Personnel Management), Time Management, SAP Travel Management, Payroll. Document transactions happening within the specific modules and generate account postings or accounting entries via SAP account determination tables.
SAP FI (Financial Accounting) Module has following components.
SAP FI Module comprises several sub-modules as follows:
General Ledger SAP GL
Asset Accounting SAP
Accounts Payable SAP AP
Special Purpose Ledger
Accounts Receivables SAP AR
Accounts Payable SAP AP
SAP Travel Management
SAP Bank Accounting
SAP Consolidation
SAP Funds Management
General Ledger SAP GL