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20. What type of module is the FI module? It is one of the track modules. CO is also one of the track modules. 21.
20. What type of module is the FI module? It is one of the "track" modules. CO is also one of the "track" modules. 21. What module is the "heart" of the SAP system because business transactions feed directly to it? General Ledger 22. What is the chart of accounts and general ledger and why are they important to the FI module? Chart of accounts (Consolidation) is a higher level than GL and all GL accounts MUST be part of the Chart of Accounts. 23. Automatic Account Assignment - why is this such a powerful tool in SAP related to accounting? 24. Organizational elements for all the areas such as - Client, Chart of Accounts, Company Code, Plant, Storage Location 25. Key Master Data - DKSAM (which of these is considered the most "connected" of master data by many who use SAP (Hint: Material Master) 26. Key business flows into accounting, why is document flow, internal controls, systematic controls, access controls, and audit trail information important? 27. Can FI documents ever be deleted in SAP? NO! Only reversed! (this is a control in SAP!) 28. General accounting controls and automatic account assignment helping to facilitate accounting "behind the scenes". 29. What are the key differences of SAP ECC and SAP S/4 HANA
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