SAP FICO overview
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The document provides an overview of SAP's financial modules, including Financial Accounting (FI), Controlling, and FSCM. It describes the key sub-modules and functions of FI such as General Ledger, Accounts Receivable, Accounts Payable, and Asset Accounting. It also explains the processes, master data, transactions, and reporting involved in each sub-module.
SAP FICO overview
- 1. my SAP ERP Financials & Controlling
- 2. Agenda SAP Financials Overview FI Sub-modules Overview SAP Controlling Overview Controlling Sub-modules Overview SAP FSCM Overview
- 3. SAP Financials Overview Financial Management Accounting Valuation Reporting Compliance Transparency Statement Reporting Functionality Business Benefits Unified Financial and Parallel Valuation Management Accounting International and local accounting Extensibility / Flexibility standards Balanced Books for any Dimension Financial Statements Parallel Accounting Balance Sheet Fast Close Income Statement TCO Reduction Segment Reporting Cash Flow Statement Corporate Governance Notes Management Reporting
- 4. SAP Financials Overview Unified Financial and Management Accounting One version of the truth – stored in the General Ledger Supports legal, segment, and management reporting Multi-dimensional analysis – slice and dice Multiple hierarchies Pre-defined reports delivered as SAP content Extensibility / Flexibility Option to expand standard accounting with industry specific and/or customer-defined fields Meets international expectations Important for industry solutions
- 5. FI Sub-modules Overview General Ledger Account Account receivable Payable Financial Accounting Cash Asset Management Management Legal Consolidation
- 6. FI Sub-modules Overview FI-GL Hierarchy Structure Client General Electric Chart of Accounts Chart of Accounts CAUS CAEU Company Code Company Code Company Code Aircraft Engines Aviation Services Global Finance
- 7. FI Sub-modules Overview FI-GL Process Overview Financial Accounting General Ledger Master Transaction Account Periodic Reporting Data Processing Analysis & Processing Reconciliation
- 8. FI Sub-modules Overview FI-GL Document Posting: Activity Flow Create G/L Create G/L Posting Post Manual account posting Fast Entry Journal Holding an incomplete document Simulate No (Enough Info to Complete Posting?) Create/Display a Parked Document Yes Posted Entry Post/Release a Parked Document
- 9. FI Sub-modules Overview FI-GL Period End Processing SAP R/3 supports the following transactions: Fiscal Year variants & Posting Period Clear open items, both manually and automatically Create, maintain and process accrual/deferral transactions Recurring Entries Revalue balances in foreign currencies Reconciliation of documents with monthly debits & credits Roll over of closing balances to form opening balances can be performed multiple times and after the beginning of the new fiscal year.
- 10. FI Sub-modules Overview FI-GL Reporting SAP system offers number of reports that help analyzing entered business transactions: • Financial Statement Version (Balance Sheet and P&L) • Account Balances • Line Items • Documents • Master Data Report can be: • Printed out directly to the printer, • Saved as a local file (txt format, Excel file etc.) • Sent by e-mail
- 11. FI Sub-modules Overview Financial Statement Version Diverse list layout Navigation Any number of hierarchies Conversion to other formats
- 12. FI Sub-modules Overview FI-AR Process Overview Financial Accounting Accounts Receivable Master Invoice Cash Account Periodic Reporting Data / Processing Receipting / Analysis & Processing Credit Payments Reconciliation Management
- 13. FI Sub-modules Overview FI-AR Master Data General data Client • Address 230 • Control data • Marketing Customer • Export data Master • Contact persons Company Company Code data Code • Account Management 9100 • Payment Transactions A Ltd • Correspondence • Insurance Sales Area data • Sales Sales Organization • Shipping 9100 • Billing document • Partner functions
- 14. FI Sub-modules Overview FI-AR Invoice Processing SAP R/3 supports the following transactions: Standard Invoice Credit/Debit Notes Down Payment Bill of Exchange Receivable Parked Documents Foreign Currency SD Billing Inter-company postings
- 15. FI Sub-modules Overview FI-AR Account Analysis / Reconciliation Business Transactions included in Process: Display Customer’s account balance and line items Clear outstanding items on Customer’s Post Customer’s documents with clearing Perform automatically clearing procedures Reverse documents
- 16. FI Sub-modules Overview FI-AR Reporting SAP system offers number of reports that help analyzing entered business transactions: Open Items List Cleared Items List Account List Account Balance List Customised Reports Aged Open Items List Report can be: Printed out directly to the printer, Saved as a local file (txt format, Excel file etc.) Sent by e-mail
- 17. FI Sub-modules Overview FI-AR Integrated Accounts Receivable Incoming Profitability Controlling orders accounting forecast Sales and Incoming Goods Billing Distribution orders issue Credit Customer Credit rev. Accounting review Gen. Reminder Payment Gen. ledger ledger Treasury Cash Cash Electronic forecast forecast banking
- 18. FI Sub-modules Overview FI-AP Integrated Accounts Payable Purchase Purchase Provision Controlling order . Actual req.comm comm. actual Purchase Purchase Goods Invoice Purchasing req.comm order receipt receipt/ . parking General Vendor / Cashed Accounting ledger Release/ Payment checks Gen. Ledger Cash Cash Cash Cash Electronic Treasury forecast forecast forecast position banking
- 19. FI Sub-modules Overview Asset Accounting General Ledger Financial statements A P G/L accounts Asset Subsidiary Ledger Asset classes Buildings Vehicles Machines Assets under Fixtures and construction fittings Asset master records
- 20. FI Sub-modules Overview FI-AA Functions of Asset Accounting Financial statement + profit and loss statement Property list/ inventory reporting Asset history sheet Local + international reporting Leasing Insurable values Investment management Depreciation Interest calculation Revaluation
- 21. FI Sub-modules Overview FI-AA Asset Explorer Overview of all valuation areas Reference to related objects Complete analysis of period and annual values Link to asset master record Link to depreciation calculation
- 22. FI Sub-modules Overview FI-Cash Management Cash Management Decision Trade Cash Management Liquidity Preview Position Bank accounts in Payments in Financial assets Subsidiary currency: transit: and financial ledgers: Account 1 incomings borrowing receivables : outgoings payables Account n purchase orders Total orders
- 23. SAP Controlling Overview CO-CCA CO-OPA CO-PCA Controlling CO-PC CO-PA CO-CEA
- 24. CO Sub-modules Overview CO- Cost Center Accounting Master Planning Actual Period End Reporting Data Posting Closing Cost Element Planning Manual entries Reposting Cost Centre preparation SKF entry Actual Cost Activity Type Cost Centre Direct activity distribution Planning allocation Actual Cost Resource Internal Order Indirect activity Assessment Statistical Key Planning Figures allocation Cost Splitting Plan cost Order budget Calculate Actual Internal order distribution Groups Activity Prices Plan cost Settlement of assessment Overhead Orders Plan direct activity Manual Cost allocation Allocation Plan indirect FICO activity allocation Reconciliation Plan settlement of overhead cost orders Other planning activities
- 25. CO Sub-modules Overview CO- Profit Center Profitability Segment Sales Order Cost Center Profit Center Internal Asset Order Material
- 26. CO Sub-modules Overview CO- Profitability Analysis ProfitabilityAnalysis will enable us to analyze the profitability of market segments according to the following characteristics: Products Customers Sales Districts (i.e. USA West, USA East, Egypt etc.) Others
- 27. CO Sub-modules Overview CO- Planning Methods Plan data transfer Excel-Upload Manual entry Copy existing data New Plan Plan Allocation Final Plan
- 29. Questions
- 30. THANK YOU