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Purpose

To map the budget structure of your organization in the master data of the Funds Management industry-specific component, you use an analytical process to break down the whole organizational structure according to organizational and functional viewpoints.

You must use the following master data elements in Funds Management:

You use commitment items to map out functional units (expenditure and revenue structures) in a hierarchy. They divide up the content of the budget and the business transactions affecting liquidity into revenue items and expenditure items.

You use funds center to represent the organizational units (responsibility areas, departments, projects) of your organization.

For further information on the hierarchical structure of commitment items and funds centers, see Master Data Hierarchies.

If you choose, you can also use the following master data elements in Funds Management:

You can use funds to further subdivide budgets. They allow a management of funds from secondary sources.

For more information, see Funds.

You can use functional areas to subdivide your organization using functional criteria.

For more information, see Functional Area.

Integration

The SAP system allows you to create a complex, yet flexible link between the basic data in Funds Management and basic data in other components.

For more information, see Account Assignment Derivation

These links keep data entry work to a minimum. Entering an FM account assignment is optional. The system derives the FM account assignment from the relevant assignment. The posting data relevant to Funds Management can automatically be passed from feeder components, such as Financial Accounting, Controlling or Materials Management, to Funds Management.

Features

Master data processing

Status management

If you activate status management, you can control the commercial transactions in Funds Management (such as material orders and G/L account postings).

For more information, see Status Management.

Class maintenance

You can use the Class system functions in Funds Management to manage a wide range of information that is not defined in the master records themselves.

For more information, read Classification.

Authorizations

You can use authorizations to control the maintenance and display of master data, by allocating authorizations for displaying, creating, changing and deleting Funds Management master data objects.

For more information, read Authorizations.

Restrictions

The system does not log changes to hierarchy relationships between commitment items and funds centers in change documents. For this reason, you must not make any changes to the hierarchy once you have gone live with Funds Management.

 

 

 

 

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