Page 100 - DCAP302_ENTERPRISE_RESOURCE_PLANNING

Enterprise Resource Planning

notes You can design balance confirmations, account statements and other forms of reports to suit your
requirements in business correspondence with vendors. There are balance lists, journals, balance
audit trails and other internal evaluations available for documenting transactions in Accounts
Payable.
accounts receivable

Records and administers the accounting data of customers. 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 posted depending on the transaction involved (for example, receivables, down
payments, bills of exchange and so on). The system contains a range of tools that you can use to
monitor open items; for example, account analyses, alarm reports, due date lists and a flexible
dunning program. The printed material linked to these tools can be individually formulated to
suit your requirements. This is also the case for payment notices, balance confirmations, account
statements and interest calculations. Incoming payments can be allocated to due receivables using
user-friendly screen functions or by electronic means such as EDI and data communication. The
payment program can automatically carry out direct debiting and down payments.
There are a range of tools available for documenting the transactions which occur in accounts
receivable, including balance lists, journals, balance audit trails and other standard reports. When
drawing up financial statements, the items in foreign currency are revalued, customers who are
also vendors are listed, and the balances on the accounts are sorted by remaining life.
Not only is accounts receivable one of the branches of accounting that forms the basis of adequate
and orderly accounting, it also provides (thanks to its close integration with the Sales and
Distribution component) the data required for effective credit management, as well as (through
its link to Cash Management) information important for the optimization of liquidity planning.

asset accounting

The Asset Accounting (FI-AA) component is used for managing and supervising fixed assets
with ERP System. In ERP Financial Accounting, it serves as a subsidiary ledger to the FI General
Ledger, providing detailed information on transactions involving fixed assets.
As a result of the integration in the ERP System, FI-AA transfers data directly to and from other
systems. For example, it is possible to post from the Materials Management (MM) component
directly to FI-AA. When an asset is purchased or produced in-house, you can directly post the
invoice receipt or goods receipt, or the withdrawal from the warehouse, to assets in FI-AA. At the
same time, you can pass on depreciation and interest directly to Financial Accounting (FI) and
Cost Accounting (CO). From the Plant Maintenance (PM) component, you can settle maintenance
activities that require capitalization to assets
The FI-AA component consists of the following parts:
1. Traditional asset accounting
2. Leased assets

3. Preparation for consolidation
4. Information system
Traditional asset accounting encompasses the entire lifetime of the asset from purchase order or
the initial acquisition (possibly managed as an asset under construction) through its retirement.
The system calculates, to a large extent automatically, the values for depreciation, interest,
insurance and other purposes between these two points in time, and places this information at
your disposal in a varied form using the Information System. There is a report for depreciation
forecasting and simulation of the development of asset values.

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