sap funds management online training

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SAP FUNDS MANAGEMENT ON-LINE TRAINING
CONTACT US
PHONE NO917675979146
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SAP FUNDS MANAGEMENT
ON-LINE TRAINING
CORPORATE TRAINING
ON-LINE TRAINING
CONTACT US
PHONE
NO917675979146
WWW.STRIVEERP.COM
E-MAILSTRIVEERP_at_GMAIL.COM
SKYPE IDSTRIVE,ERP
STRIVE ERP TECHNOLOGIES
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SAP FUNDS MANAGEMENT ON-LINE TRAINING
course
overview
The tasks of Funds Management 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. You can adapt
the budget to changes in conditions by entering
releases, supplements, returns, and
transfers you create your financial management
(FM) areas. The financial management area is an
organizational unit within accounting which
structures the business organization from the
perspective of Funds Management
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SAP FUNDS MANAGEMENT ON-LINE TRAINING
FUNDS MANAGEMENT ORGANIZATION STRUCTURES

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SAP FUNDS MANAGEMENT ON-LINE TRAINING
Maintain FM Area In this step, you create your
financial management (FM) areas. The financial
management area is an organizational unit within
accounting which structures the business
organization from the perspective of Cash Budget
Management and Funds Management. You define the
functional characteristics of FM areas separately
for both Cash Budget Management and Funds
Management in the implementation guide for each
of these areas. To be able to take advantage of
the high degree of integration in the SAP system,
you must link the FM areas with organization
units from other applications. For example if
you assign a Financial Accounting document to a
Funds Management object (such as a commitment
item or funds center), the system has to
determine an FM area, so that it can record the
data in Funds Management. For this reason, you
must specify how the appropriate FM area is to be
determined.
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SAP FUNDS MANAGEMENT ON-LINE TRAINING
Funds Center Hierarchy
Funds centers are used to represent
organizational units (areas of responsibility,
departments, projects) and are arranged in a
hierarchy. Fund centers are created for a given
FM area. Each funds center hierarchy has one Top
Funds Center located at the top of the hierarchy.
Every other funds center is assigned to a more
superior center, to denote its location in the
hierarchy The funds center master record contains
important information, such as the name and
description of the funds center and the name of
the person responsible for the funds center. You
can only have one Funds Center hierarchy per FM
area.
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SAP FUNDS MANAGEMENT ON-LINE TRAINING
Commitment Items
Commitment items describe an organization's
functional breakdown structure.    There are
two types of commitment items       
Summarization items ( hierarchy nodes) - You
can assign a budget to a summarization
item, but cannot post to them.       
Account assignment items - You can assign
budgets and post to these items. These
items represent the lowest level in the
commitment item hierarchy. A commitment
item's master record contains important control
parameters The financial
transaction categorizes business transactions
from the feeder
Application components (Financial Accounting and
Materials Management).      The
commitment item category sorts actual/commitment
and plan values into revenues,
expenditures, and inventory.
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SAP FUNDS MANAGEMENT ON-LINE TRAINING
Expenditure Hierarchy
You can create only one commitment item hierarchy
for each FM area. This hierarchy can then
consist of various sub-hierarchies Fund Centers
vs Commitment Items   Funds centers are used to
represent organizational units (areas of
responsibility, departments, projects) and are
arranged in a hierarchy. Commitment items
are used to represent functional aspects
(expenditure and revenue structures) in a
hierarchy. The Funds Management application
component is used to bring together
organizational and functional structures (funds
center hierarchies and commitment item
hierarchies) into one structure in which each
funds center contains the complete commitment
item hierarchy.
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SAP FUNDS MANAGEMENT ON-LINE TRAINING
Master Data
  In Master Data, Assignments in R/3, FM
assignments can be allocated to the follow CO
account assignments.        Cost elements
       Cost centers        Orders
       WBS elements Postings in Funds
Management When making a posting, the system
looks for the FM account assignment in the
following sequence 1. Enter funds
reservation or purchase order reference 2.
Manual entry 3. Commitment item from G/L
account/funds center from commitment
item master record 4. Assignment to CO
account assignment from derivations 5.
Commitment item from assignment to cost element
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SAP TREASURY AND RISK MANAGEMENT ON-LINE TRAINING
Budget Creation and Maintenance
Budget Planning Budget Profile Creation of
Budget Top Down and Bottom-Up budget Budget
Release Budgeting Availability control You
can manage more than one budget version in Funds
Management. Availability control can
be activated \ inactivated for a particular
year    Active availability control is
only available for budget version zero.
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SAP FUNDS MANAGEMENT ON-LINE TRAINING
Budget Release
Funds Management includes a release option,
which you can use to release the budget bit by
bit. The release is based on the current budget
- that is, the original budget as amended by
supplements, returns, and transfers A release
can relate to annual values and/or overall
values Supplements - You assign an additional
budget for a funds center or commitment item.
   Returns - You use a return to give back
surplus funds from one FM account assignment
within your hierarchy to superior funds centers
and commitment items, that is the distributable
value is increased by the amount given
back.    Transfers - If there are funds
shortages in one funds center and the available
funds in another one have not yet been fully
utilized, then Funds Management enables you to
transfer funds from one FM account assignment to
another.    The current year budget
Original Budget Supplements - Returns /-
Transfers.
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SAP FUNDS MANAGEMENT ON-LINE TRAINING
Earmarked Funds
Funds Block Funds Reservation Funds
Pre-commitment Funds Commitment
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