Overview of Master Records4.6fi_05.1

Chapter 5Overview of Master Records

• A master record contains information relating to an individual object, which remains unchanged for a long period of time.

• Chapter Objectives– Explain the different types of data in the system.– Discuss the integration points between the master

records.

Overview of Master Records4.6fi_05.2

Master DataMaster Data

G/L AccountG/L Account

CustomerCustomer

VendorVendor

BankBank

MaterialMaterial

Transaction DataTransaction Data

InvoiceInvoice

PaymentPayment

Credit memoCredit memo

Goods ReceiptGoods Receipt

Data in the System

Table DataTable Data

Payment TermsPayment Terms

Tolerance SettingsTolerance Settings

Pricing ConditionsPricing Conditions

Overview of Master Records4.6fi_05.3

Vendor Master Recordsare maintained in Materials Management(MM) and Financial Accounting (A/P)

Customer Master Records are maintained in Sales & Distribution (SD) andFinancial Accounting (A/R)

MMMM

FIFI

SDSD

Integration Points in Master Records

Overview of Master Records4.6fi_05.4

G/L Account Customer Vendor

Create in ...Create in ...Create in ...Create in ...

Chart of Accountsand

Company Code

Clientand

Company CodeActivities

CreateChangeDisplay

Master Records - General Information

Overview of Master Records4.6fi_05.5

Overview of Master Records Chapter Summary

• Key Terms– Master Data– Transactional Data– Table Data