Accounting
Use
After the transactions have been entered at the trading stage and checked and completed in the back office, they are processed in the accounting area. To do this, the CFM component uses certain FI functions.
In this section, you will learn about processing in accounting.
Features
The accounting area comprises functions for transferring data to FI - such as reports for recording postings (posting overview). The posting journal provides you with information on the flows that have been posted for selected transactions. For more information, choose Information System ® Accounting ®
Posting Overview or Posting Journal.The accounting area is also responsible for ensuring that financial transactions and positions are handled correctly in the closing operations. It therefore contains functions for accruing/deferring expenses and revenues to the correct accounting period, in addition to the operative postings. The money market and foreign exchange areas also include valuation activities such as key date valuation and the determination of realized gains and losses.
In the payment area you can either post the individual flows using a G/L account (enhanced payment program, payment request) or post them to a customer account (open items). For more information, see
Posting Logic