Professional Documents
Culture Documents
Accounting: © 2008 by SAP AG. All Rights Reserved
Accounting: © 2008 by SAP AG. All Rights Reserved
accounting areas
Real-time evaluation of and reporting on current accounting
Journals
Totals/transaction figures
Assets
What the firm owns, in various
levels of liquidity:
Cash
Receivables
Inventory
Plant& Equipment
Real Estate
Liabilities
What the firm owes
Payablespayment for
materials/services received on credit
Bank loans
Equity
The difference between total
assets and total liabilities
Includes
Retained earnings
Net income on past periods
to customers
Expenses
Money spent to produce the revenue:
Materials
Utilities
Salaries
Selling expenses
Administrative expenses
Reconciliation account
Accounts receivable, Accounts
payable, Assets
When you post to an account in the sub-
ledger, the system automatically posts to
the corresponding reconciliation account
The general ledger is automatically
updated
Reconciliation Accounts
From Material
Valuation Class
Financial Accounting
External Accounting
FI
Financial Statements
Legal Requirements
Standard
2008 by SAP AG. All rights reserved. 24
Controlling (CO)
While there are different requirements for internal and
external users of accounting data, the underlying data
is usually the same for both purposes and can be
captured while recording business transactions
purchase orders, goods receipts, material withdrawals,
etc. The data can then be presented in different ways
for different users.
Info system reports in FI are standard
G/L Account Listing