Financial Accounting – General Topics Locate the document in its SAP Library

structure

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)