sap financial accounting fi dr. djamal ziani king saud university
TRANSCRIPT
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SAP Financial Accounting FI
Dr. Djamal Ziani
King Saud University
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FI Overview
FI
APAP
ARARAMGLGL
CONSpecialLedger
FI: Financial Controlling module
• GL: General Ledger
• AM: Asset Management
• AR: Account Receivable
• AP: Account Payable
• CON: Controlling
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G/L Reporting Legal or external reporting• Balance sheet• Income Statement• Statement of
Financial Position
Financial Accounting
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Stockholders
Bankers, Lenders
IRS, Taxing AuthorityIRS: Internal Revenue Service
External Auditors
SEC: Securities and Exchange Commission
Financial Accounting
External Accounting
Balance Sheet
Profit & Loss
Financial Position
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Internal management reportingReports by cost centers or other cost “objects” and cost elements
Cost centersOrders and ProjectsBudget/planActual vs. plan
CO Reporting
Controlling
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Controlling
Internal Accounting
Departmental ExpenseReport
Salaries 10,000Overhead 8,000Other 5,000Total 23,000
Department Managers
ControllersExecutives
Senior Management
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FI and CO comparison
COFI
Legal or external reportingReports by accounts Balance Sheet Income Statement
Internal managementreporting
Reports by cost centers andcost elements
Cost Center Reports
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FI/CO Organizational Structures
• Client• Company• Chart of Accounts• Company Code• Business Area• Credit Control Area• Controlling Area
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Client
• Highest hierarchical level in an SAP system
• A complete database containing all the tables necessary for creating a fully integrated system
• Master records are created at the client level
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Company
• Consolidated financial statements are created at the company level
• A company can include one or more company codes
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Chart of Accounts
• A listing of the accounts
• A chart of accounts must be assigned to every company code
• Several company codes can use the same chart of accounts
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Co code1000
Co code2000
Co code3000
Co code4000
Co code5000
US CHART OFACCOUNTS
GERMAN CHART OFACCOUNTS
CLIENT
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CLIENT
COMPANY COMPANY
CHART OF ACCOUNTS
CHART OF ACCOUNTS
COMPANY CODE COMPANY CODE COMPANY CODE
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Company Code
• A required structure• A legally independent entity• The smallest organizational unit for which
accounting can be carried out• The level where business transactions are processed • The level where accounts are managed • The level where legal individual financial statements,
such as the balance sheet and the profit and loss statement, are created
A BALANCED SET OF BOOKS
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CLIENT
CHART OF ACCOUNTS
CHART OF ACCOUNTS
COMPANY CODE
COMPANY CODE
COMPANY CODE
COMPANY COMPANY
CREDIT CONTROL AREA
CREDIT CONTROLAREA
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Credit Control Area
• An organizational unit or area of responsibility created to control customer credit limits
• A company code is assigned to one and only one credit control area
• Multiple company codes can be assigned to one credit control area
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CLIENT
CHART OF ACCOUNTS
CHART OF ACCOUNTS
COMPANY CODE
COMPANY CODE
COMPANY CODE
COMPANY COMPANY
CONTROLLING AREA
CONTROLLING AREA
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Controlling Area
• An organizational unit defining the company's cost/ managerial accounting operations
• A company code is assigned to one and only one controlling area
• A controlling area can have multiple company codes assigned to it– This allows cross company cost allocations and
reporting
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1 2 3 4 5 6 7
JANUARY
FEBRUARY
DECEMBER
Fiscal Year VariantFiscal Year Variant•Determines the fiscal year
•Calendar year or non-calendar year
•Allows the use of special periods to aid year-end closing •Is assigned to a company code
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The functional Components of FI
FI-GLFI-GL
FI-ARFI-AR
FI-APFI-AP
FI-AAFI-AA
General LedgerGeneral Ledger
Accounts ReceivableAccounts Receivable
Accounts PayableAccounts Payable
Asset AccountingAsset Accounting
FI-SLFI-SL
FI-LCFI-LC
Special Purpose LedgerSpecial Purpose Ledger
Legal ConsolidationLegal Consolidation
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General Ledger G/L
•A ledger contains the accounts of an accounting system. Historically the ledger was a book where the accountant wrote into the postings.
•The main ledger of an accounting system is the general ledger. The general ledger (G/L) contains all accounts of the accounting system.
•All other ledgers are subsidiary ledgers (subledgers) of the general ledger. The SAP system contains:
accounts payable,accounts receivable andasset accounting.
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Accounts Receivable / Accounts Payable
CustomersCustomers VendorsVendors
General General ledgerledger
Accounts Receivable Accounts Payable