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Sap (FM)Funds Management online training :-

Definition:-
Funds balance provided for a specific purpose by a sponsor and managed separately

Use:-
Funds are used to represent funds from secondary sources. They represent funds which are
limited as to time available or function, which have been made available to cover specific
expenditures.
In the system, a funds represents the whole organizational and functional structure of yourorganization (fundscenter and commitment item hierarchy). You can use a Budget Structureto confine this structure to particular responsibility areas (funds centers) andexpenditure categories (commitment items).
You thus determine which responsibility areareceives the promised funds, which have usually come from aparticular source to cover aparticular project and can only be disbursed on particular types of expenditure

You can create an overall budget to cover the whole period in question: you can apportion this to
the financial years affected. Budget is used up as postings are made to the fund. Funds
reservations and business transactions entered in the feeder systems (such as financial
accounting and materials management) also affect the budget.

Structure:-
• Name and description of the fund

• Fund debtor
The source of funds is managed by linking the fund to a debtor master record.

• Application of funds
You define the application of funds in a master record of its own. It is time-dependent
and, therefore, determines how long the fund is valid.

• Budget profile
By defining a budget profile, you can control budgeting and availability control for a fund
on an individual basis.

• Balance update

Integration:-
Master data entry:

• Link debtor (source of funds) with fund
• Link application of funds with fund

Postings:-
For posting data from the feeder systems to be recorded in Funds Management, you must
always specify a complete Funds Management account assignment (funds center, commitment
item, and, if required, fund) in the posting transaction. The connection with basis data keeps
manual input work to a minimum. The system derives the FM account assignment from the
connection.

• Link Between Basic Data Elements in Funds Management
- Define a fund in a funds center
In the posting transaction, the system takes the fund from the funds center and proposes
it.
• Link Between Basis Data Elements in Other Components
- Assignment of a fund to a CO account assignment
In the posting transaction, the system derives the fund from the CO account assignment.
- Assign fund to HR master record

Application of Funds:-
Definition:
Grouping criterion for funds master records
Use

In the application of funds, you determine what the funds made available by a source of funds in
a fund may be

Integration:-
Funds :
Sources of Funds and Applications of Funds


www.magnifictraining.com -SAP FM(FUNDS MANAGEMENT) ONLINE TRAINING contact us: +919052666559 or info@magnifictraining.com By Real Time Experts from Hyderabad, Bangalore,India,USA,Canada,UK,Australia,South Africa.