SAP ERP Financials provides the tools to help companies comply with accounting standards such as U.S.Generally Accepted Accounting Principles(GAAP) and International Financial Reporting Standards (IFRS). In addition SAP FI (Financial Accounting) is one the functional module in SAP software.Company-wide control and integration of financial information is essential to strategic decision making, SAP ERP Financials enables you to centrally track financial accounting data within an international framework of multiple companies, languages, currencies, and charts of accounts.SAP FI module mainly deals with

• Fixed assets
• Accruals
• Bank Journal
• Cash journal
• Inventory
• Tax accounting
• General ledger
• AR/AP
• Fast close functions
• Financial statements
• Parallel valuations
• Master data governance