Financial Accounting –

General Topics
Send feedback

Purpose

The Financial Accounting (FI) application component fulfills all the international requirements that
must be met by the financial accounting department of an organization. It provides the following
features:

 Management and representation of all accounting data

All business transactions are recorded according to the document principle, which provides an
unbroken audit trail from the financial statements to the individual documents.

 Open and integrated data flow

Data flow between Financial Accounting and the other components of the SAP System is ensured by
automatic updates.

Data is available in real time within Financial Accounting. Postings made in the subledgers always
generate a corresponding posting in the general ledger.

 Preparation of operational information to assist strategic decision-making within the organization

Integration

Integration of Financial Accounting with other components

 All accounting-relevant transactions made in Logistics (LO) or Human Resources (HR) components
are posted real-time to Financial Accounting by means of automatic account determination. This
data can also be passed on to Controlling (CO).

This ensures that logistical goods movements (such as goods receipts and goods issues) are
exactly reflected in the value-based updates in accounting.

Integration within Financial Accounting

Every posting that is made in the subledgers generates a corresponding posting to the assigned G/L
accounts. This ensures that the subledgers are always reconciled with the general ledger.

Features

The Financial Accounting application component comprises the following sub-components:

 General Ledger (FI-GL)

 Accounts Payable (FI-AP)

 Accounts Receivable (FI-AR)

 Bank Accounting (FI-BL)

 Asset Accounting (FI-AA)

 Funds Management (FI-FM)

 Travel Management (FI-TV)

 Special Purpose Ledger (FI-SL)