Financial Master Data Management: Charts of Accounts

Technical Data
Technical Name of Business Function	FIN_MDM_ACC
Type of Business Function	Enterprise Business Function
Available As Of	SAP enhancement package 4 for SAP ERP 6.0
Technical Usage	Strategic Enterprise Management
Application Component	Financial Master Data Management (FIN-MDM)
Directly Dependent Business Function Requiring Activation in Addition	Not relevant

You can use this business function to centrally manage and make changes to the financial master data of your enterprise. The approval process is guided via a workflow and you have the option of distributing the master data changes to your transactional systems via enterprise services.

Integration

This business function enables you to distribute the master data for the application components General Ledger (FI-GL) and Business Consolidation (FIN-SEM-BCS).

Prerequisites

You have installed the following components as of the version given:

Type of Component	Component	Is Needed Only for the Following Features
Software Component	SAP_BS_FND 701
Software Component	FINBASIS 604	Complete List of Features
Software Component	SAP_APPL 604	Import of master data into General Ledger (FI-GL)
Software Component	SEM-BW 604	Import of master data into Business Consolidation (FIN-SEM-BCS)
Portal Content	Business Package for Financial MDM 1.40	Complete List of Features
SAP Enterprise Services	FINBASIS 604, namespace http://sap.com/xi/FINB/Global2 and SEM-BW 604, namespace http://sap.com/xi/SEM-BW/Global2 or SAP APPL 6.04, namespace http://sap.com/xi/APPL/Global2	Distribution of Master Data Using Enterprise Services
Business Intelligence content	SAP NetWeaver 7.0 BI Content Add-On 4	Reports About Master Data Changes

To be able to distribute the master data of the chart of accounts, you need to have made the necessary Customizing settings for General Ledger.
To be able to distribute the master data of the group chart of accounts, you need to have made the necessary settings for Business Consolidation. For more information, see Workbench for Customizing.
You have made the required settings in Customizing under Cross-Application Components Processes and Tools for Enterprise Applications Financial Master Data Management .

Features

Once you activate this business function, you are able to run the application component Financial Master Data Management (FIN-MDM). This component has the following features:

Approval Process for Master Data Changes

Financial MDM enables you to use a workflow in the system to steer the approval process for changing master data, and document this process for reviewing purposes. The process begins with a request for a change, which can be evaluated and commented by various persons. Once the request has been evaluated, considered and approved, the system executes the changes. The changes then undergo a final check and are either approved or rejected. Change requests document and manage all steps in the approval process.

Master Data Change

You can access and change the master data from within a worklist in the portal. For more information, see the documentation of the business package.

Versioning of Master Data

The changes are stored in editions. Editions let you display past values of the master data at any time and define future values. Change documents document when master data was changed and by whom the changes were made. You also can display the approval process and review the reasoning behind the changes.

Distribution of Master Data

You can distribute the master data changes from the system in which you centrally made the changes to the transactional systems: You can use enterprise services to distribute new and changed chart of accounts master data. You also can download the master data as files for upload into the transactional systems. For more information, see SAP Library under Start of the navigation path SAP ERP Central Component Next navigation step Financials Financial Master Data Management Master Data Distribution End of the navigation path .

Data Modeling

In the standard delivery, the business function contains a data model for changing charts of accounts. You can adjust the data model to suit your master data. For more information, see SAP Library under Start of the navigation path SAP ERP Central Component Next navigation step Financials Financial Master Data Management Configuration End of the navigation path .