The ‘FI (Financial Accounting)’ module of SAP is the back-bone, which records, collects, and processes financial transactions or information on a real-time basis to provide the necessary inputs for external (statutory) reporting. The module is integrated with other modules (such as Material Management (MM), Sales & Distribution (SD), Human Resources (HR), Production Planning (PP), Controlling (CO), etc.). The module FI has several submodules that are tightly integrated.
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What are the ‘Submodules’ within FI?
- FI-AA Asset Accounting
Integrated with FI-GL, FI-AR, FI-AP,
CO, MM, PP and PM, this module manages the financial side (depreciation,
insurance, etc.) of the assets throughout their entire lifecycle starting
with procurement of assets and ending with scrapping or sales.
- FI-AP Accounts Payable
Integrated with FI-GL, FI-AA, FI-TR and MM, this submodule manages vendor transactions by linking with material management, asset accounting, travel management, etc. Notable is the ‘payment program’ for making payments to vendors.
- FI-AR Accounts Receivable
Integrated with FI-GL, FI-AA, FI-TR, MM and SD, this submodule manages customers and receivables, and integrates with SD. It is well-known for credit management functionalities and the ‘dunning’ program.
- FI-BL Bank Accounting
- FI-FM Funds Management
- FI-GL General Ledger Accounting
This submodule is integrated with all other submodules within FI and outside FI.
- FI-SL Special Purpose Ledger
This submodule is used to provide the summary information from multiple applications at a level of detail that the user defines.
- FI-LC Legal Consolidations
This submodule helps in the central task of combining the financial operating results of the companies within a group to provide overall results for the group.
- FI-TM Travel Management
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Name the Submodules Within FI, from Which FI-GL Gets Simultaneous Postings.
- Accounts Receivable (FI-AR)
- Accounts Payable (FI-AP)
- Asset Accounting (FI-AA)
Name Three Distinct Characteristics of FI-GL.
- Multi-currency capability
- Flexible real-time reporting
- Real-time transaction entries
