Research And Implementation Of Sap Financial Management Module In Electricity Power Industry

SAP ERP Financials provides financial solutions for many industries.It is the first choiceof enterprise software solution which is facing the accounting, financial reporting,performance management and business management. SAP ERP Financial has main moduleincluding general ledger, accounts receivable, payable, cost control and others.SAP provides a complete set of solutions for the electric power industry. The financialmanagement of the electricity industry requires more management focus on fixed assets.Management of fixed assets is not just the financial management module of the powerindustry alone to be considered, it is integrated and materials management and equipmentmanagement, fixed assets throughout the whole life cycle.In this paper, the characteristics of the power industry, combined with SAP solutions to business needs combing and analysis. Because of limited space, the article focuses on the integration between financial management and device management and materials management needs analysis, also concerned about the financial and cost accounting of the power generation companies combine together to this problem. Then the paper analyzes based on the SAP financial system implementation of the power industry. The first part of the business processes through the analysis of power generation companies, the business needs of the implementation of theproject in the clear in this article is how to reflect. This paper describes the for and this part ofthe linkage with the necessary materials and equipment, and how the accounting treatment ofthe materials management and financial management modules to integrate these three requirements for cost accounting part of the power generation companies, how to system configuration and fixed assets.Finally, through the approval process and report of financial development and externalinterface instance focus on the development of the SAP customization in the implementation of projects in the financial module of the Harbor power plant. Including how to implement thepayment approval process, under Chinese accounting standards require that reportdevelopment, and implementation of the interface of the SAP and the external Golden Taxsystem. The development of content fully reflects the flexible and configurable developmentthinking. First of all, including approval of the instance configuration and development,different identities such as general approval and special approval configuration, theconfiguration of the permissions to create and query a payment voucher, approval flow design.Financial statements of some of the major port plant specific statements of logic design, theselection screen, the design of the output format and take the number of computational logiccode implements. Financial custom package examples part of China's unique financialrequirements, custom development, such as the three tables and the custom development ofSAP and Golden Tax system interface.Through the implementation of the SAP system, LinGang electricity power plant hasestablished a complete set of integrated enterprise resource planning system and using thesystem to optimize the management of the enterprise value chain. Meanwhile this alsoimprove the grade of enterprise IT applications to achieve international standards.Reorganization of business processes, it optimizes, standardizes and complete the businessprocesses. Through the implementation of SAP financial modules, we have established a setof financial data-sharing platform to achieve integrated management to achieve logistics,capital flow and information flow unity. Gradually Lingang has established equipmentmaintenance, materials procurement; fixed asset management business process optimizationcontrolling system.Furthermore the integration of enterprise resources to achieve the balanceamong production costs, capital efficiency and equipment availability enhances the overallenterprise management level.