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session12 - Unit 7 Financial Accounting(FI Rules Financial...

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Financial Accounting (FI) - Rules - Unit 7
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Business Process Integration Rules FI Financial Accounting (FI)
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Rules Defines the parameters for Master Data and Transactions Determines functionality for Master Data and Transactions Relatively fixed Changes as policy changes SAP Enterprise System
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R/3 FI Financial Accounting CO Controlling PS Project System WF Workflow IS Industry Solutions MM Materials Mgmt. HR Human Resources SD Sales and Distribution PP Production Planning QM Quality Mgmt. PM Plant Maintenance SM Service Mgmt. Client / Server Integrated Business Solution EC Enterprise Controlling AM Fixed Assets Mgmt. Financial Accounting (FI)
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Unit 7 Overview Posting Periods Tolerance Groups for Account Postings Accounts Payable Settlement Document Numbers Financial Accounting (FI)
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Posting Periods Before it is possible to post documents, it is necessary to define posting periods Fiscal years are divided into one or more posting periods Each posting period is delimited by both a start and finish date A common division of a fiscal year involves defining 16 posting periods -- 12 months and 4 quarter ending posting periods Financial Accounting (FI)
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Tolerances Groups for Account Postings Internal control – amount limits that serve to define the maximum authorization levels for your employees Must be at least one entry for every company code Can be defined for an employee group with employees being assigned to a given group to effect the control Can be undefined at the group level meaning that the control is effective for everyone who is not a member of a group Financial Accounting (FI)
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Tolerances Groups for Account Postings (continued) Internal control – amount limits that serve to define the maximum authorization levels for your employees with respect to:
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