SAP FI module able to do everything related to accounting and finance from a company. It can be thought of as the financial manager who can review the financial position in real time in accordance with existing procedures.

Because the resulting data is real time, so this module can help decision-making and strategic planning better. All modules MM (Materials Management), PP (Production Planning), SD (Sales and Distribution), CO (Controlling) and HR (Human Resources) module is integrated with FI. (more…)

As already presented in previous articles about the accounting terms. Accounting is called the language of business because it is a tool to deliver financial information to parties who need it. The better we understand the language, then the better our decisions, and the better we are in financial management. To convey such information, the accounting reports are used or what is known as financial report. The financial report of a company usually consist of four types of reports, namely the balance sheet, income report, report of capital changes and cash flow report.

Balance Sheet, is a systematic list of assets, debt and capital on a particular date, which is usually made at the end of the year. Referred to as a systematic list, because the balance sheet is based on a particular order. In the balance sheet can be known how many of the company’s assets, the company’s ability to pay obligations and the ability of the company obtained additional loans from outside parties. It can also be obtained information about the company’s debt to the creditor and the amount of existing owners of investment in the company. (more…)