Controls in Financial Accounting

Abstract

One of the main causes and triggers for ICS compliance requirements is the external financial reporting that certain target groups outside an organization rely on. Some elements of this financial reporting, for example, the financial statements, are created almost "at the touch of a button." Here, primarily the following FI components of SAP ERP are relevant: - General Ledger Accounting (FI-GL and, where applicable, New General Ledger) - Accounts Payable Accounting (FI-AP) - Accounts Receivable Accounting (FI-AR) - Bank Accounting (FI-BL) - Asset Accounting (FI-AA)

We primarily associate ICS and auditing with financial reporting. Therefore, we will begin the diverse topic of SAP process controls in this book with financial accounting.