Main components of Financial Accounting

This is a short post... but important! Although there are several sub modules included in FI, the four related in this post are the common ones in a SAP installation:

• FI-GL. General Ledger Accounting. It is the main module; it provides the central picture for external accounting.
• FI-AP. Accounts Payable. Accounting data for Vendors, closely related with purchasing module.
• FI-AR. Accounts Receivable. Accounting data for Customers, closely related with sales module.
• FI-AA. Assets Management. The module manage assets from the acquisition to the retirement, and the evolved calculations (depreciation, etc)