SAP FI TRAINING INTRODUCTION

Let’s get started. First we will go through a bit of introduction about the SAP Finance Module before we grind in further:

SAP FI (Financial accounting) is the basic module and very important module in SAP. SAP FI module receives posting from the various other modules such as MM (Materials Management), SD (Sales and Distribution), HR (Human Resource) through various integration points. All the posting from the aforesaid modules are posted real-time to FI module. FI module feeds in data to CO modules such as Cost center accounting, profit center accounting and the Profitability analysis module. SAP FI module is geared for external reporting i.e. legal reporting, tax reporting. The basic report possible from FI module is the Balance sheet and Profit loss account.

The plants created in the logistics (General) module are assigned to the company code. That means all transactions taking place in the plants are posted to the attached company code in SAP FI.

The purchasing organization created in the MM module is attached to the Company code.

The sales organization created in the SD module is attached to the company code.

A company code created is assigned to the Controlling area.

To help you understand the SAP terminologies we will go through a relevant example which will help you configure the system more effectively.

In this SAP training, we will configure a company code 9100 (A Ltd) located in India. The currency in India is INR; therefore the currency of the company code will be INR. We consider the reporting period in that country as Jan to December. We will also cover briefly the FI - MM integration, FI- SD integration.

The parent company of A Ltd is located in Saudi Arabia. Therefore A Ltd is required to report figures in Saudi Riyals. We need to configure parallel currencies to have such reporting possible