L3- Outlining the Integration Between FI and CO

Question 1

Purpose between FI & CO

Answer 1

FI- Draw up a balance sheet and an income statement at the level of accounting entities.

CO- collect revenue and expenses by areas of responsibility to be used for internal management reporting purposes.

Question 2

Cost Revenues between FI & CO

Answer 2

Management Accounting analyzes costs and revenues at high levels across country boundaries.

Costs and revenues from FI are used in Management Accounting.

Question 3

Results between FI & CO

Answer 3

The results in Management Accounting can be compared with the result in FI (reconciliation).

Question 4

Which provide CO Object?

Answer 4

by Management Accounting, which allows an organisation to track cost and revenue internally.

Question 5

The table between FI & Co

Answer 5

ACDOCA

Question 6

What are the common line items between FI & CO?

Answer 6

1. Reconciliation is the bringing large cost and time savings that bring single source of all accounting components
2. A simple and holistic data, such as SAP HANA could leverage to bring unprecedented insights in both speed and content.
3. The universal journal combines and harmonizes the good qualities of all accounting components:

Simple application is required for further enhancements.

4. SAP strives to provide non-disruptive innovation and safeguarding customer investments and processes.

Question 7

What will Universal Journal store?

Answer 7

Actual data of common line items

Question 8

Benefits of SAP S/4HANA

Answer 8

One line item table with full detail for all components

Data is stored only once, so no reconciliation needed by architecture.

Fast multi-dimensional reporting on the Universal Journal is possible without replicating data to Business Intelligence (BI)

If BI is in place, one single BI extractor is needed.

Reduction of memory footprint through elimination of redundancy.