SAP-FI

SAP FI represents Financial Accounting and it is one of significant modules of SAP ERP. It is utilized to store the money related information of an association. SAP FI examines the money related states of an organization in the market. It can coordinate with other SAP modules like SAP SD, SAP PP, SAP MM, SAP SCM, and so on.

Following are the Sub-Components of SAP FI
  • Finance Accounting General Ledger.
  • Finance Accounting Accounts Receivable and Payable.
  • Finance Accounting Asset Accounting.
  • Finance Accounting Bank Accounting.
  • Finance Accounting Travel Management.
  • Finance Accounting Fund Management.
  • Finance Accounting Legal Consolidation.
SAP-FI empower you to manage Financial Account Data of worldwide organizations. SAP-FI modules manage the following component:
  • Fixed asset
  • Accrual
  • Cash journal
  • Accounts receivable and payable
  • Inventory
  • Tax accounting
  • General ledger
  • Fast close functions
  • Financial statements
  • Parallel valuations
  • Master data governance

SAP FI specialists are mostly in charge of implementng Financial Accounting and Cost Accounting with SAP ERP Financials.


Comments

Post a Comment

Popular posts from this blog

What is Big Bang Adoption ?

Image
Big Bang Adoption is a instant changeover, where user switch old system into fully functioning new system in a given date.  At the point when a new system needs to be implemented in an association. User adopt new system.   There are three different way to adopt. Big Bang adoption Phased Adoption Parallel Adoption In parallel adoption the old and the new system are running parallel, so every one of the clients can become accustomed to the new system, and in the interim do their work utilizing the old system. Phased adoption means the adoption will happen in many phases, so after each stage the system is a little closer to be completely received. In big bang adoption, the user switch between utilizing the old system to utilizing the new system generated at one single date, the alleged moment changeover of the system When an association choose to utilize the big bang adoption, and supports the progressions which are required for this, the genuine changing proc...
Read more

SAP-FICO

Image
What is SAP-FICO  SAP FI stands for Financial Accounting and it is one of important modules of SAP ERP. It is used to store the financial data of an organization. SAP FI helps to analyze the financial conditions of a company in the market. SAP Controlling (CO) is another important SAP module offered to an organization. It supports coordination, monitoring, and optimization of all the processes in an organization.   History of SAP SAP FI Module SAP FI enables companies to generate financial statements -- balance sheets or Profit, loss statement. SAP FI consists of several sub-modules that handle specific accounting processes. General Ledger  provides the functionality required to maintain one or more sets of books, generate  financial  statements and informational reports .   Transactions are recorded in sub-modules that can be reconciled with the general ledger data in real time. Accounts Receivable is used to ma...
Read more