It mainly consists of:
Maintain Chart of Accounts
Special Purpose Ledger
Supplier Master Data
Foreign Currency Processing
General Ledger Posting
Month End Entries
Edited by: Umesh C on Feb 18, 2009 10:52 AM
Edited by: Umesh C on Feb 18, 2009 10:54 AM
Record to Report is nothing but the process centric name for the end to end financial process cycle. It refers to the recording of a financial tarnsaction in the book of accounts and carrying it to its logical end by reporting to the appropriate authorities(external).
Rightly said by Umesh, in SAP terms you can take this as General Ledger module which is the application area covering the end to end financial processes.
The processes involved in this are.
Manual Journal Entries
Automated Journal Entries
Bank Statement Processing
Bank Account Reconciliations
Payroll Posting & Reconciliation
Accounts for Loans/ Investments
Capital Project Setup
Fixed Assets Retirals /Disposals
Financial Planning & Analysis
ABC Model Validation
ABC Model Population & Maintenance
Budgeting & Forecasting
Business Unit Support
Decision Support & Analysis
Daily Interface Monitoring & Recon
Month-end Sub Ledger Close
Month-end Foreign Exchange Revaluation
Month-end General Ledger Close
Balance Sheet Accounts Reconciliation
Population of Reporting Database
Hope this helps you.