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.
Sap (FI) 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
