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The Financial Information System 6Chapter 6

The Financial Information SystemThe Financial Information System (FIS) is an interactive information system basedon SAP EIS technology (Executive Information System). It allows you to evaluateavailable financial accounting data based on all attributes specified in the datadescription. FIS provides comprehensive and effective support for operationalmanagement in the following areas:

u Currency analyses

u G/L account analyses

u

Financial statement analyses(For details regarding evaluations of vendors and customers, see the “SubledgerAccounts” brochure.)

The G/L account information system is based on both G/L account transactionfigures and financial statement versions. Available report types are financialstatement analyses and key figure reports. Financial statement analyses are basedon the hierarchical financial statement versions entered in financial accounting.The system allows you to perform multiple variance analyses (annual, bi-annual,quarterly, and monthly comparisons) based on actual and planning data. You canalso generate multiple key figure reports. Standard reports can be used as a modelfor creating your own reports.

Evaluations can be performed for all organizational units (company code, company,

and business area) and for any time period (for example, fiscal year or period).Reports can be generated in the currency of the company code, and, if applicable,in all other parallel currencies (group, hard, index, or company currency). You canalso create a report in one other currency of your choice, in which case translationfrom parallel currencies takes place on a key date. This means that during thedual currency phase of euro implementation, for example, you can create a balancesheet in the relevant country currency without any difficulty, even if you havealready changed over to the euro for internal accounting purposes.

With these tools, you are able to extract the information required for operational/legal evaluations from the multitude of individual transactions. You can quicklyaccess the required information through user-definable paths.

All subcomponents of the Financial Information System described above:

u Can be defined, selected, evaluated, and analyzed with user functionsu Are linked interactively on the screen (for example, you can branch from an

outstanding debt analysis to selected data on relevant customers)

u Can be integrated with operation-specific evaluations by customizedprocessing and reporting

u Can be fully integrated with operational processes using comprehensive text,comment, and message techniques

How does the FI component support operational management?

A detailed, interactive analysis and information system supports all theoperational and legal functions of accounting.