What are the components of FI master data records?

The components of FI (Financial Accounting) master data records in SAP would primarily include accounts receivable (AR), accounts payable (AP), general ledger (G/L) accounts, and bank accounts. These components represent the foundational elements of financial transactions and reporting within the SAP system.

Accounts receivable refer to the money that customers owe to the company, while accounts payable signifies the company's obligations to pay its suppliers. The general ledger serves as the central repository for financial data, consolidating all transactions related to assets, liabilities, equity, revenue, and expenses. Additionally, bank accounts are critical for tracking cash flow and managing banking transactions.

Other options do not fully encapsulate the essential components of FI master data. For example, while the chart of accounts is indeed important, the inclusion of purchase orders does not belong to FI master data; it is part of procurement processes. Similarly, although assets and payment terms are relevant in specific contexts, they do not cover the full scope of critical FI master data components as accurately as accounts receivable, accounts payable, general ledger, and bank accounts. Customer contracts and inventory levels are more aligned with sales and logistics processes, rather than the financial accounting realm, which is why they are not considered components of FI master data records.