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143fund Management - SAP FI

Funds management (FI-FM) allows classification and tracking of revenues and expenditures according to a budget structure including funds, funds centers, commitment items, functional areas, and fund types. Master data elements include funds (sources of financing), funds centers (organizational structure), commitment items (expense/revenue categories), functional areas (programs/activities), and fund types (budget scopes). FI-FM facilitates budgeting, financial reporting, and control of budget versus actual spending for each element.

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204 views3 pages

143fund Management - SAP FI

Funds management (FI-FM) allows classification and tracking of revenues and expenditures according to a budget structure including funds, funds centers, commitment items, functional areas, and fund types. Master data elements include funds (sources of financing), funds centers (organizational structure), commitment items (expense/revenue categories), functional areas (programs/activities), and fund types (budget scopes). FI-FM facilitates budgeting, financial reporting, and control of budget versus actual spending for each element.

Uploaded by

ganesanmani1985
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FM is a process that allows classification and tracking of revenues and expenditures in

terms of a budget structure


The FM module contains several core master data elements:

Fund Source and use of financing


Fund Center Organizational Structure
Commitment Item Expenses and Revenues
Functional Area Program or Activity
Fund Type Description
Funded Program Lower level internal programs or activity

Fund: Represent the lowest level source of funding used for tracking, controlling and
reporting on available financial resources. A full set of financial reports is possible for
each fund.
Funds Center: Represent the lowest level areas of responsibility for budgetary
assignment, monitoring and control. Can be one to one with cost centers.
Commitment Items: Represent the categories or classifications of fund equity, revenues,
expenses and encumbrances at the lowest level of detail necessary for internal and
external reporting. These have a one to one relationship with GL accounts.
Functional Area: Structures that identify and classify financial transactions by overall
purpose, objective, function and/or mission for accomplishing major services or
regulatory responsibilities.
Fund Types: Determine Budget scope. Some assignments are Overall budget, Annual
budget and Not Assigned
Funded Programs: Represent lower-level internal programs or initiatives, which represent
a plan or system under which actions may be taken to achieve specific goals.

SAP "fund" Transaction codes


PACE - Pension fund : Postings Personnel Mgmt - Pension fund: General Parts
FMZ1 - Create Funds Commitment FI - Funds Management
FMX1 - Create Funds Reservation FI - Funds Management
PACK - HR-CH: Pension fund Personnel Mgmt - Pension fund: General Parts
OFUP - Funds Management Control PP - Funds Management
FMZ3 - Display Funds Commitment FI - Funds Management
FMMEASURE - Funded Program: Maintain FI - Master Data
FMX2 - Change Funds Reservation FI - Funds Management
PC00_M40_EPF - Provident Fund Reports - India Payroll - India
FMN5N - Reconstruction of Earmarked Funds Financials - Funds Management
FMX3 - Display Funds Reservation FI - Funds Management
FMWA - Create Funds Transfer FI - Funds Management
FMYC - Funds Management Control PP - Funds Management

FMN5 - Transfer Funds Reservation Documents Logistics Execution - Funds


Management
FMY3 - Display Funds Precommitment FI - Funds Management
FMSY - Create Funds Center Using UNIX FI - Master Data
FMSC - Display Funds Center in FM Area Basis - Master Data
FMZ6 - Reduce Funds Commitment Manually FI - Funds Management
FMSB - Change Funds Center in FM Area MM - Master Data
OF16 - Activate/Deactivate Funds Management FI - Funds Management
PUCK - Entity copier for funds Personnel Mgmt - Pension fund: General Parts
FMWC - Display Funds Transfer FI - Funds Management
FMVT - Fund Balance Carryforward SD - Funds Management
FMZ2 - Change Funds Commitment FI - Funds Management
FMSA - Create Funds Center in FM Area FI - Master Data
Funds Management (FI-FM)
allows management to set budgets for revenues and expenses within your company as
well as track these to the area of responsibility
Features: enables to keep:

A thorough check of the revenues and expenditures and thus the funds-relevant
business transactions of an organization.
A thorough budgetary control, with the following questions in mind:
o
o
o

What funds will the responsibility areas receive?


Where do these funds come from (source of funds)?
What are the funds used for? (use of funds)

A control of the financial equilibrium of your business, by comparing


commitment and actual values with the current budget values.
Master Data

-Master data elements in Funds Management:

Commitment items: represent the functional grouping of expenditures


and revenues within a financial management area (FM area).

Funds centers: represent the structural grouping in departments,


responsibility areas, projects etc. within the organizational unit.

- Hierarchy variants are initially fiscal year non-dependent. Only the assignment of the hierarchy
variant to a fiscal year causes the defined funds center hierarchy in it to become valid for the
respective year.

- Funds center postings are only possible in the existence interval. Create the existence interval
and the validity period for the funds center in the FM area, the system automatically generates
sub-intervals.
the difference of funds center data sets in the existence interval and in the sub-interval

Fund: provided for a specific purpose by a sponsor and managed


separately to further subdivide budgets. In contrast to the account
assignment elements, funds center and commitment item, you can also use
the fund in Controlling, Asset Accounting and in Human Resources as an
independent object.
Functional Area: to subdivide organization using functional criteria (such as

public safety, town planning and so on), especially the expenditures, of an


organization (FM area). It describes the application of funds.
-Integration: In order to take advantage of the integration in the SAP system, you must link the
organizational units of different components with each other. The functional area can
be budgeted and assigned to the commitment item, funds center and fund

in Funds Management.
be assigned also to the CO objects and the cost center in Controlling
be defined in the master data of Asset Accounting

- See more at: http://www.saptechies.com/funds-managementfifm/#sthash.rRUDuMlU.dpuf

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