Title: Sap Fm Online Training in Australia, South Africa
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2Sap funds management online training
- SAP Funds Management (FM)Funds Management
(FI-FM) is a document provided by SAP AG. This
SAP FI Fund Management document is intended for
SAP System Administrators, Finance and
Controlling (FICO) developer and SAP technology
Consultants. This SAP FI document
explains you about Funds Management (FI-FM)
component and its tasks in Financial accounting.
You will learn to budget all revenues and
expenditure, monitor future funds movement and
prevent budget overruns with this SAP FI-FM
component. You will learn FI-FM integration with
other components in SAP R/3 system such as FI-GL
and SAP MM. This article explains you about Funds
management component features and uses.
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- Funds Management
- PurposeThe functions in this component support
you in creating budgets. The tasks of
FundsManagement are to budget all revenues and
expenditures for individual responsibility
areas,monitor future funds movements in light of
the budget available, and prevent budget
overruns. - IntegrationFunds Management is fully integrated
with other components in the R/3 System.
Whichcomponent is used in each case depends on
the specific requirements of your organization.
Abasic requirement for use of Funds Management
is integration with the General LedgerAccounting
(FI-GL) component.
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- Basic Data
- PurposeThis component offers all the
functions for reproducing the budget structure of
your organizationin Funds Management. The
organization is split accounting to
organizational and functionalviewpoints Funds
centersFunds centers are used to represent
organizational units (areas of responsibility,dep
artments, projects) and are arranged in a
hierarchy. Commitment itemsCommitment items are
used to represent functional aspects (expenditure
and revenuestructures) in a hierarchy. They are
used to split budgets according to contents
andbusiness transactions affecting liquidity
into revenue items and expenditureitems.
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- FeaturesMaintaining Master Data Commitment
item hierarchy - The recording of posting data from the Funds
Management feeder systems is controlledby means
of the control parameters in the commitment item
master records, as is howthey are displayed in
reporting. Funds center hierarchy Funds and
applications of fundsStatus ManagementBy
activating status management, you can control the
commercial transactions in FundsManagement
for Individual combinations of commitment
items, funds centers, and funds Individual
objects, such as all commitment items or all
funds centers
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- Link Between Basic Data Elements in Funds
Management Define a fund in the funds center
master recordUsing this link, the fund is
automatically defaulted by the system in posting
transactions. Define a funds center in a
commitment itemIn the posting transaction, the
system derives the funds center from the
commitment itemand proposes it as a default
value - Link Between Basis Data Elements in Other
Components Assignment of a funds center to a CO
account assignment - (cost center, WBS element, order, profit
center)In the posting transaction, the system
derives the funds center from the CO account
assignment. Assignment of a funds center to HR
master record
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- FundDefinitionFunds balance provided for a
specific purpose by a sponsor and managed
separatelyUseFunds are used to represent funds
from secondary sources. They represent funds
which are limited as to time available or
function, which have been made available to cover
specific expenditures.In the system, a funds
represents the whole organizational and
functional structure of yourorganization
(fundscenter and commitment item hierarchy). You
can use a Budget Structureto confine this
structure to particular responsibility areas
(funds centers) andexpenditure categories
(commitment items).You thus determine which
responsibility areareceives the promised funds,
which have usually come from aparticular source
to cover a particular project and can only be
disbursed on particular types of expenditure
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- Funds Center Manual input Funds center from
referenced document (such as funds commitment)
Funds center from commitment item master record
Funds center from assignment to CO account
assignment Funds center from assignment to
profit center - FundManual inputFund from referenced document
(such as funds commitment)Fund from funds center
master recordFunds from assignment to CO account
assignmentFund from assignment to profit center
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- FM Account Assignment Logic
- UseFor data to be recorded in Funds
Management (FM), you must, when posting data in
other components, always enter a complete FM
account assignment - (combination of funds center , commitment
item, and, if required, fund)To keep data input
work to a minimum, you can create connections
between basic data withinFM and between the
basic data in FM and the basic data in other
applications.In line with these connections, the
system can, when you make postings, automatically
derive thecomplete FM account assignment from
the individual FM account assignment objects.
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- Following are the few topics covered in this SAP
FI-FM guide. - Funds Management (FI-FM)
- Authorizations
- Authorization Objects in Funds Management.
- Authorization Check on Budget Entries
- Funds Center Auth. (Cross-Funds Center and
Internal) - Maintaining Authorizations
- Basic Data
- Enterprise Structure - Organizational Units
- Funds Center
- Changing the Structure of the Master Data
Hierarchy - Selecting Sub hierarchies in Hierarchy
Maintenance - Additional Functions in Master Data Maintenance
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