Entering content frameComponent documentation 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:

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

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.

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:

 

 

 

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