Pec fico presentation siemens pakistan_sap implementation partner

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Siemens Pakistan
Leading SAP All in One Implementation Partner in Pakistan.

Unrestricted © Siemens Pakistan 2014 All rights reserved.
SAP FINANCE & CONTROLLING (FICO)

The Financial Accounting (SAP FI) module in SAP is designed to capture
organizations business transactions in a manner that will satisfy external
reporting requirements.
SAP can store up and report the data in Finance by.
1.Multiple companies wise
2.Multiple countries wise
3.Multiple currencies wise
Integrations
1.Sales and Distribution,
2.Purchasing and Materials Management
3.Human resource
4.Project System etc
SD
MM
PP
HR
FI
CO
AM
PS
IS
QM
PM
SAP
OVERVIEW OF FI

SAP FINANCIAL ACCOUNTING (SAP FI)

SAP FINANCIAL ACCOUNTING (SAP FI)
AREA MENU

The purpose of the Controlling (CO) module in SAP is to provide organizations
with a method of slicing and dicing data to view costs from an internal
management perspective and provide a view of profitability. This allows the
organization to create information in a manner that tailored to their specific
business measurements needs.
Controlling allows an organization to:
Plan and track overhead costs
Track costs related to specific projects or
events..
Perform "Activity Based Costing".
Perform Product Costing, measuring
production cost and variances.
Report profitability by product line,
division, or other internal measurement.
OVERVIEW OF CO

BUSINESS PROCESS OF CO

SAP CONTROLLING (SAP CO)
AREA MENU

FI
 General Ledger
 Accounts Payable
 Accounts Receivable
 Banking
 Asset Management
 Funds Management
CO
 Cost Center Accounting
 Profit Center Accounting
Add-on
 Tax
 Reporting
 Authorizations
WORKING AREA IN FICO

The general ledger is the core element of a company's business and financial
activities.
A general ledger summarizes all company's financial transactions including :
1.Sales and Income,
2.Asset management,
3.Retained earnings,
4.Expenditures,
5.Payroll,
6.Taxes
7. Vendor Expenses etc.
GENERAL LEDGER

GENERAL LEDGER
INTEGRATION

Multiple charts of accounts
Flexible chart of accounts structure
Flexible period definition
User-defined balance sheet/profit and loss statement
Real time integration with Sub ledgers (AR, AP, Asset etc..)
Multiple currencies
Integrated bank-related accounting
Complete standard reporting
Flexible report painter for end-user usage
GENERAL LEDGER

GENERAL LEDGER
ENJOY SCREEN

Accounts Payable record, tracks and manages all transactions payable to
vendors or suppliers. Deliveries and invoices are managed according to
vendors.
The system automatically makes
postings in response to the operative
transactions.
In the same way, the system supplies the
Cash Management application component
with figures from invoices in order to optimize
liquidity planning.
ACCOUNTS PAYABLE

ACCOUNTS PAYABLE
AREA MENU

Request to
Create Vendor
Account
Change
Vendor
Account
Block Vendor
Account
Mark Vendor
Account for
Deletion
Maintain Vendor
Account
Maintained
Vendor
Account
ACCOUNTS PAYABLE
MASTER DATA

ACCOUNTS PAYABLE
COMMITMENTS AND PAYMENTS

ACCOUNTS PAYABLE
ENJOY SCREEN

PurchasingAccounting
Purchase order
Goods receipt
Invoice
Reporting
 Due date forecast
 Currency risk
 Hit lists
Inventory
Management
E-Banking
Payments
 Check
 Transfer
 Clearing
 Bill of exchange
 Check/bill of exchange
Correspondence
 Reminder
 Balance
 Outgoing payments
 Interest calculation
Schedule Manager
or Ad- hoc requirements
Purchase order
Goods receipt
Invoice
Reconciliation and balance
sheet accounts
Down payment
Bill of exchange
Statistics
Vendor
Invoice verification/
parking
?
Controlling
Vendor
evaluation
Payment
Trans-
actions
ACCOUNTS PAYABLE
INTEGRATION

Accounts Receivable records, maintain and manage all transactions with customers
and clients. It is also an integral part of sales management.
All postings in Accounts Receivable are also recorded directly in the General Ledger.
Different G/L accounts are updated depending
on the transaction involved (for example, receivables,
down payments, and bills of exchange).
Provide help to observe the incoming payments
and outstanding receivable.
ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE
AREA MENU

Request to
Create
Customer
Account
Change
Customer
Account
Block Customer
Account
Mark Customer
Account for
Deletetion
Mantain Customer
Account
Mantained
Customer
Account
ACCOUNTS RECEIVABLE
MASTER DATA

Shipment
Bill Process
Cash
ACCOUNTS RECEIVABLE
INTEGRATION

SalesAccounting
Head office  Branch
Incoming
orders
Reporting
 Due date forecast
 Currency risk
 Hit lists
 DSO analyses
Reminder E-Banking
+ Delivery
+ Billing
Balance audit
trail
Correspondence
 Balance
 Incoming payments
 Outstanding receivable
 Interest calculation
Schedule Manager
or Ad- hoc requirements
Reconciliation
account
Special G/L
transactions
Customer? Credit
limit
Payment
transactions
ACCOUNTS RECEIVABLE
INTEGRATION

This component is used to handle accounting transactions that you process
with your bank. It includes
1. the management of bank master
data,
2. cash balance management
(check and bill of exchange
management),
3. The creation and processing of
incoming and outgoing payments.
4. It is possible to freely define all
country-specific characteristics,
such as the specifications for
manual and electronic payment
procedures, payment forms etc
BANKING

BANKING
CHECKS REGISTER

BANKING
ONLINE BANK RECONCILIATION

oAsset Management enables you to manage and monitor your tangible
fixed assets. As a subsidiary ledger to the general ledger in Financial
Accounting, the Fixed Assets add-on provides you with detailed
information on all transactions involving fixed assets.
oAsset Management is seamlessly integrated SAP other Modules. Like MM
etc
oAsset Management itself calculates planned depreciations, and performs
the relevant postings in the general ledger.
ASSET MANAGEMENT

FIXED ASSETS
AREA MENU

DEPRECIATION
•Planned deprn
•unplanned deprn
• write up
ASSETS UNDER
CONSTRUCTION
RETIREMENT
•Full or partial
•Partial by $, % or
qty
•With or w/o
revenue
REVERSE
ACQUISITION
•Via purchasing
•Via asset accounting
•Via settlement
Transfer
•Full or partial
•Inter cost centre
•Inter company
ASSET
POSTINGS
ASSET MANAGEMENT
TYPES

Asset Subsidiary
Ledger
General Ledger
Asset
master
records
Financial statements
G/L accounts
Asset
classes
PA
Fixtures and
fittings
Assets under
construction
MachinesVehiclesBuildings
ASSET MANAGEMENT
INTEGRATION

Funds Management component in SAP supports for the creation of budgets.
1. This component offers all the functions for reproducing the budget
structure of the organization in Funds Management.
2. The tasks of Funds Management are to
budget all revenues and expenditures
for individual responsibility areas.
3. Monitor future funds movements in
light of the budget available, and
prevent budget overruns.
4. We can adapt the budget to changes
in conditions by entering releases,
supplements, returns, and transfers.
FUND MANAGEMENT

FUNDS MANAGEMENT (BUDGETING)
AREA MENU

In SAP there are six types of budget.
1. Original budget
2. Supplementary budget
3. Transfer in
4. Transfer out
5. Return / Surrender
6. Release
DATA ENTRY

AVAILABILITY CONTROL

Approved Budget
Budgeting
Budget
Top-down
distribution
E1-1399
2 E-1399-1
3 E-1399-1-1
3 E-1399-1-2
2 E-1399-2
.
.
.
O
R
I
G
I
N
A
L
P
L
A
N
D
I
S
T
R
I
B
U
T
E
D
Overall
2014
2015
...
...
...
...
Budget applied for
Cost planning
Overall plan value
Bottom up
extrapolation
FUND MANAGEMENT
PLANNING & BUDGETING

BUDGETING
BUDGET AND ACTUAL DISBURSEMENT

BUDGETING
BUDGET AND EXPENDITURE

BUDGETING
PLAN & ACTUAL WITH VARIANCE

BAR CHART SAMPLE

PIE CHART SAMPLE

CONTROL
MONTHLY DATA ENTRY

CURRENCY EXCHANGE RATE

The Controlling module is used to provide operational insights and key
decision making information to the management of the company.
It basically sums up all the operating costs and expenses of the
organization, enabling management to make essential business decisions.
The CO module focuses primarily on the managerial accounting aspects
such as, profitability, data on profit centers, cost centers etc. that are related
to the internal users
The CO (Controlling) module has components like
Cost Element Accounting,
Cost Center Accounting,
Internal Orders and
Profit Center Accounting etc.
BUSINESS PROCESS OF CO

COST CENTER ACCOUNTING
AREA MENU

 SAP AG 1999
Cost Centers and the Standard Hierarchy
H1000: CoCd 2000
H1: IDES Europe
H1000: CoCd 1000
H1120: Internal ServicesH1120: Internal Services
1110 Executive Board1110 Executive Board
H1010: InternalH1010: Internal
H1200: Finance & Admin.H1200: Finance & Admin.
H1210: Admin.H1210: Admin.
1200 Cafeteria
1000 Internal services
H1200: Finance & Admin.
1110 Executive Board
Processing cost centers
COST CENTER ACCOUNTING
MANAGEMENT HIERARCHY

Profit center accounting helps to determine the profits and losses for
internal areas of responsibility
• Use period accounting or cost of sale approach
• Set accurate transfer prices to better value internal exchange of goods
• Facilitate the consolidation and elimination of inter-company profits and
losses
• Analyze the profitability of even the smallest unit of responsibility
Improve transparency through drill down into documents from operations .
PROFIT CENTER ACCOUNTING

PROFIT CENTER ACCOUNTING

Tax Types
• Federal Excise Duty
• Tax on Sales/Usage
• Income Tax
• Additional Tax
• Withholding Tax
Tax functionality in the SAP is supported by all modules which deals with
the expenditure, revenue, Material management
and human resource which identify and
describe the various types of taxes.
TAX

REPORTING
TAX

ACCOUNTS PAYABLE
ENJOY SCREEN TAX

ACCOUNTS PAYABLE
ENJOY SCREEN WITHHOLDING TAX

FICO REPORTING AREAS
The FI and CO modules work hand in hand to provide end-to-end financial accounting and
controlling functions to its users, thereby helping management in further decision making.

FICO REPORTING
WORKFLOWS

Analytics
• Deploy powerful performance
management tools directly to your
employees’ desktops
HRMS
Enterprise
Applications
Visibility Analytics
Performance
Performance
• Manage profit and growth
• Innovate financial processes
• Fast close
• Optimize cash flow
Visibility
• Support secure and
transparent transactions and
processes
• Comprehensive, built-in audit
functions and compliance
support
• Detailed reporting
Value Summary of SAP ERP Financials
SAP IMPROVE CORPORATE
GOVERNANCE

THANK YOU

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