Unit 5: Financial 1

Unit 5Financial

Dr. Supakorn Kungpisdan

Unit 5: Financial 2

Business Example

The financial department of IDES is required to regularly assess the company’s financial status from a legal perspective, as well as monitor internal costs. As a manager working for IDES, you are interested in analyzing costing reports for your department

Unit 5: Financial 3

mySAP ERP Financials

Unit 5: Financial 4

Financial Accounting

mySAP ERP Financial provides the ability to centrally track financial accounting data within an international framework of multiple companies, languages, currencies, and charts of accounts

Example: When raw materials move from inventory into manufacturing, the

system reduces quantity values in inventory and simultaneously subtracts monetary values for inventory accounts in the balance sheet

Financial accounting function complies with international standards e.g. GAAP and IAS.

Also fulfill the local requirements of many countries and fully reflects the legal and accounting changes resulting from European market and currency unification

Unit 5: Financial 5

Financial AccountingA/P: Account PayableA/R: Account ReceivableAA Asset AccountingP/L: Profit and LossB/L: Bank Accounting

GAAP: General Accepted Accounting StandardsIAS: International Accounting Standards

Take data from Sales Order Management

Take data from Procurement

Unit 5: Financial 6

Financial Accounting

Unit 5: Financial 7

Financial and Supply Chain Management

Check customer credit limit online

Online payment

Check cash flow, cash estimation

Virtual bank

Unit 5: Financial 8

Financial and Supply Chain Management

Electronic Bill Presentment and Payment Send and receive invoices electronically

Dispute Management Offer system support for processing payment deductions

Lack of quantity Lack of quality Price variance Time variance Deduction because of trade promotion Misunderstanding between the business partners

Enable cross-departmental resolution of dispute cases including workflow support and escalation procedures

Unit 5: Financial 9

Financial and Supply Chain Management

Collections Management Evaluate, identify, and prioritize accounts

Credit Management Run cross-company credit limit check and variable monitoring

of a customer on all distribution channels Cash Management

Secure liquidity and optimization of financing costs by “Transaction Manager”

In-House Cash A tool to centrally manage internal and external payment

flows efficiently Treasury and Risk Management

Unit 5: Financial 10

Electronic Bill Presentment and Payment

Dunning = ตามทวงหนี้

Unit 5: Financial 11

Electronic bill Presentment and Payment Model

Unit 5: Financial 12

Corporate Governance

Ensure an organization to comply with an increasing number of national and international legal requirements for financial reporting and corporate governance

mySAP ERP Financials provides comprehensive function that reduce the overall cost of managing internal controls and ensure adherence to standards and corporate laws

Unit 5: Financial 13

Corporate Governance (cont’d)

KonTraG: Control and Transparency in Business ActCOSO: The Committee of Sponsoring Organizations of the Treadway Commission

Unit 5: Financial 14

Management Accountingดู�กำ�าไรจากำม�มมองต�างๆExternal and internal views

ออกำรายงานี้สู�ตรกำ�าไร

จ�ดูสูรรค่�าใช้�จ�าย

Identify types of costs and revenues

Control of cost of production

Unit 5: Financial 15

Integration

Unit 5: Financial 16

Extended Analysis of Results