SAP Controlling

Financial Accounting

4.6 Review Answers

Chapter 1 FI Overview

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

The SAP Financial Accounting (FI) Module provides integrated, on-line, real-time
functionality for processing, recording and maintaining the financial accounting transactions of
the business for external reporting purposes.
2. List and describe sub-modules of FI?

GL Financial Accounting - submodule where financial accounting data for a legal entity is
recorded.
Accounts Receivable (A/R) - sub-module where customer transactions are recorded and
administered within FI.
Accounts Payables (A/P) - sub-module where vendor transactions are recorded and
administered within FI.
Asset Accounting (AA)- encompasses the entire lifetime of the assets from purchase order
or the initial acquisition through retirement. To a large extent the system automatically
calculates the values for depreciation, interest, insurance.
Special Purpose Ledger sub-module that provides summary information from multiple
applications at user defined levels.

3. Describe the SAP concept of Integration.

Integration is the process by which data entered in one module is used by or updates another
module on a real-time basis.
4. The General Ledger receives simultaneous postings from which other sub-modules within
FI?
The Accounts Receivable (FI-AR) and Accounts Payable (FI-AP) modules. In addition, the
Asset Accounting (FI-AA) module post all transaction on-line with the exception of
depreciation expense postings which are do using a batch.
5. FI-AR is closely integrated with which other module(s) within SAP? Which cycle does this
support?
The Accounts Receivable (FI-AR) module is closely integrated with the Sales & Distribution
and 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 this
support?
The FI-AP module is a closely integrated with the Materials Management (MM) module. The
Accounts Payable module supports the Procurement Cycle.

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Thi s is P ri cewat erhouseCoopers PROP RIE TA RY M AT ERI AL (hereaf ter, t he M aterial) int ended f or
int ernal us e onl y. Y ou m ay not rent, lease or distribut e t he M aterial to c lients or other third parties ,
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November 16

Page 1

SAP Controlling
Financial Accounting

4.6 Review Answers

Chapter 1 FI Overview

7. List (3) special 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. What are the 4 types pf assets supported by the Asset Accounting module?

Traditional assets (e.g., buildings, land, fixtures)

Leased assets
Real estate assets
Assets Under Construction (AuC)

10. Can depreciation be processed from the Asset Accounting sub-module directly to the FI and
CO Modules?
Yes

/var/www/apps/conversion/tmp/scratch_4/338266044.doc
Thi s is P ri cewat erhouseCoopers PROP RIE TA RY M AT ERI AL (hereaf ter, t he M aterial) int ended f or
int ernal us e onl y. Y ou m ay not rent, lease or distribut e t he M aterial to c lients or other third parties ,
but you m ay trans fer the Mat erial t o ot her em ployees of Pric ewaterhous eCoopers.

November 16

Page 2