SAP FINANCE MODULE [FI ]
It can be thought as the 'core' of any integrated SAP System because everything that has a monetary impact in the other modules (where the 'real' business operates) flows through to Finance - usually in real time and automatically through the configuration.
The SAP FI Module has the capability of meeting all the accounting and financial needs of an organization. It is within this module that Financial Managers as well as other Managers within your business can review the financial position of the company in real time as compared to legacy systems which often times require overnight updates before financial statements can be generated and run for management review.
The FI (Financial Accounting) Module integrates with other SAP Modules such as MM (Materials Management), PP (Production Planning), SD(Sales and Distribution), PM (Plant Maintenance),and PS (Project Systems).
The FI Module also integrates with HR(Human Resources) which includes PM(Personnel Management), Time Management, Travel Management, Payroll.Document transactions occurring within the specific modules generate account postings via account determination tables.
Designed for automated management and external reporting of general ledger , accounts receivable, accounts payable and other sub-ledger accounts with a user defined chart of accounts
The FI module has 9 sub modules:
- FI-GL : General Ledger Accounting
- FI-LC : Consolidation
- FI-AP : Accounts Payable
- FI-AR : Accounts Receivable
- FI-BL : Bank Accounting
- FI-AA : Asset Accounting
- FI-SL : Special Purpose Ledger
- FI-FM : Funds Management
- FI-CA : Contract Accounting
SAP FI module is geared for external reporting i.e. legal reporting, tax reporting.
FI module feeds in data to co- modules such as Cost center accounting, profit center accounting and the Profitability analysis module.
SAP –HR SAP Human Resources Management System is one of the largest modules in the SAP R/3system. It is sometimes also referred as HUMAN CAPITAL MANAGEMENT. Consists of many sub modules like: Many of these sub modules are further sub divided into many components for e.g. Time Management is further divided into Time Administration, Shift Planning, Incentive Wages and Time Sheet. SAP HR is one of the most comprehensive module in terms of coverage & Design. The SAP HR module enables customers to effectively manage information about the people in their organization, and to integrate that information with ''other SAP modules'' and external systems It helps in: - Model a business hierarchy,
-The relationships of employees to various business units
-The reporting structure among employees.
- Helps employers to track employee master data,
-Work schedules,
-Salary and benefits information.
- Functionality focuses on employees' skills, qualifications and career plans
- Process attendance and absences, gross salary and tax calculations, and payments to employees and third-party vendors