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Sap Funds Management (FI-FM)technical training australia

MAGNIFIC trainings are pioners in offering real time industrail experts hands on training on SAP online TRAINING.SAP technologies like HANA, ABAP, FI-CO, CRM, SAP-BO, EPM GRC MDG MDM Oil and Gas EP EHS PM, SAP MM SD BO BI crm HR SRM,POSDM, PI XI,TRM,FSCM,FI-FM.

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Sap Funds Management (FI-FM)technical training australia

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  1. Sap Funds Management(FI-FM) Sap FI Funds Management TECHNICAL ONLINE TRAINING IN AUSTRALIA Contact us:Call: +91-9052666559Mail: info@magnifictraining.comVisit: www.magnifictraining.com

  2. Sap Funds Management(FI-FM) Sap FI Funds Management TECHNICAL ONLINE TRAINING IN AUSTRALIA SAP Funds Management (FI-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.

  3. Sap Funds Management(FI-FM) Sap FI Funds Management TECHNICAL ONLINE TRAINING IN AUSTRALIA 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.

  4. Sap Funds Management(FI-FM) Sap FI Funds Management TECHNICAL ONLINE TRAINING IN AUSTRALIA 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,departments, 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.

  5. Sap Funds Management(FI-FM) Sap FI Funds Management TECHNICAL ONLINE TRAINING IN AUSTRALIA 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

  6. Sap Funds Management(FI-FM) Sap FI Funds Management TECHNICAL ONLINE TRAINING IN AUSTRALIA 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 valueLink 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

  7. Sap Funds Management(FI-FM) Sap FI Funds Management TECHNICAL ONLINE TRAINING IN AUSTRALIA 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

  8. Sap Funds Management(FI-FM) Sap FI Funds Management TECHNICAL ONLINE TRAINING IN AUSTRALIA 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 centerFundManual 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

  9. Sap Funds Management(FI-FM) Sap FI Funds Management TECHNICAL ONLINE TRAINING IN AUSTRALIA 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.

  10. Sap Funds Management(FI-FM) Sap FI Funds Management TECHNICAL ONLINE TRAINING IN AUSTRALIA 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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