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SAP FI 4.6 SolutionsFinancial Accounting - Chapter 1 Overview of the FI Module

1. What is the SAP Financial Accounting (FI) module?

The SAP Financial Accounting (FI) Module provides integrated, on-line, real-timefunctionality for processing, recording and maintaining the financial accounting transactions ofthe business for external reporting purposes.

2. List and describe sub-modules of FI?

Accounts Receivable (A/R) - sub-module where customer transactions arerecorded and administered within FI. Accounts Payables (A/P) - sub-module where vendor transactions are recorded

and administered within FI. General Ledger (G/L) - submodule where financial accounting data for a legalentity is recorded.Special Ledger (S/L) - provides summary information from multiple applications at a

level of detail that the user defines that provides summary information from multipleapplications at user defined levels. Asset Accounting (AA)- encompasses the entire lifetime of the assets frompurchase order or the initial acquisition through retirement. To a large extent the systemautomatically calculates the values for depreciation, interest, insurance. Legal Consolidations: (FI-LC) is the sub-module with the central task ofcombining the financial operating results of the companies within a group to provide

overall results for the group. Funds Management: (FI-FM) is the sub-module that supports financial checkingand control using budgeting techniques. Travel Management (FI-TM): processes business trip and expense data. It may beintegrated with HR (Personnel Data and Payroll).

3. Describe the SAP concept of Integration.

Integration is the process by which data entered in one module is used by or updates anothermodule on a real-time basis.

4. The General Ledger receives simultaneous postings from which other submodules within FI?

The Accounts Receivable (FI-AR), Accounts Payable (FI-AP), and Asset Accounting (FI-AA)modules.

5. FI-AR is closely integrated with which other module(s) within SAP? Which cycle does thissupport?

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SAP FI 4.6 SolutionsFinancial Accounting - Chapter 1 Overview of the FI Module

The Accounts Receivable (FI-AR) module is closely integrated with the Sales & Distributionand Material Management modules. FI-AR supports the Sales cycle

6. FI-AP is closely integrated with which other module(s) within SAP? Which cycle does thissupport?

The FI-AP module is a closely integrated with the Materials Management (MM) module. TheAccounts Payable module supports the Procurement Cycle.

7. List (3) features of the FI-GL module.

Multiple currency capability Flexible real-time reporting Real-time transaction entry

8. Cash Management is a sub-module of which module?

Treasury module

9. Can depreciation be processed from Asset Accounting sub-module directly to the FI and COModules?

Yes

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