Financial Accounting – General Topics
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:
• Management and representation of all accounting data
All business transactions are recorded according to the document principle, which provides an unbroken audit trail from the financial statements to the individual documents.
• Open and integrated data flow
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 sub ledgers always generate a corresponding posting in the general ledger.
• Preparation of operational information to assist strategic decision-making within the organization
Integration of Financial Accounting with other components