FI 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 form various other modules such as MM (Materials Management), SD (Sales and Distribution) and 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.
Let’s also touch base on some other organizational structures, which are important.
Ø The plants created in the logistics (Genera) module must be assigned to the company code. That means all transactions taking place in the plants are posted to the attached company code in SAP FI.
Ø The purchase organization created in the MM (Materials Management)module is attached to the company code.
Ø The sales organization created in the SD (Sales and Distribution) module is attached to the company code.
Ø 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 1100 (ABC LTD) located in USA. The currency in USA is USD; therefore the currency of the company code will be USD. We consider the reporting period in that country as Jan to December. We will also in this document cover briefly the FI-MM integration, FI-SD integration.
The parent company of ABC LTD is located in Germany. Therefore ABC LTD. Is required to report figures in EURO. We would therefore need to configure parallel currencies to have such reporting possible.
COMPANY CODE CONFIGURATION
Let us discuss the company code configuration in the below steps.
Define Company
Menu Path
IMG-> Enterprise Structure -> Definition -> Financial Accounting -> Define Company
In the SAP scenario, functions involved in consolidation of financial accounting are based on companies. A company can comprise of one or more company code.
We will create a company 1100 to which we will assign our company code.
Click on and update the following
Click to save entry.
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