WHAT IS SAP
SAP (Systems, Applications, and Products in Data Processing) is the leading enterprise software and software-related services company worldwide.
It enables the organizations to integrate several business functions through its ERP software solution and operate much more efficiently.
The SAP ERP system can assist an organization to manage its financials, supply chain, customer relationships, human resources and analytics in innovative, integrated solutions.
DIFFERENT MODULES OF SAP
Technical Module :
ABAP : Advanced Business Application Programming is a programming language used to develop applications on SAP platform. It is essential for customizing the existing functionalities and creating new applications, reports as well as interfaces.
BASIS : This is the foundation of the SAP system which covers the administration and management of SAP environment. It includes System installation, configuration, User Maintenance ,Server Maintenance, TR Movement etc.
BI : Business Intelligence is a tool and application which is designed to support organizations in collecting, analyzing and Reporting business data.
BW : Business Warehousing is a comprehensive data warehousing solution. It enables reporting and analytics while providing an easy, structured environment for data integration, storage, and retrieval.
SAC : SAP Analytics Cloud is a comprehensive cloud-based analytics solution that combines business intelligence, planning and predictive analytics in a single platform.
Fiori : SAP Fiori is both User experience (UX) design approach and a set of prescriptive guidelines for how to enhance the the user experience of SAP applications through more intuitive, responsive, and simple interfaces.
Functional Module:
FI : Financial Accounting is a module of the SAP ERP system, which take cares about accounting, preparation of financial statements, tax computations etc.
CO : Controlling focuses on internal cost management which includes cost centers, profit centers, internal orders etc.
MM : Materials Management manages procurement processes and inventory. It covers purchasing, inventory management, material valuation and ensuring efficient supply chain operations.
SD : Sales and Distribution handles sales processes, order management, shipping, billing and customer relationship management.
PP : Production planning helps in optimizing the production resources and managing the workflows of manufacturing by supporting the activities in the production cycle - planning, scheduling, and execution process.
This is not an exhaustive list and SAP continues to grow its portfolio of modules to cater to the changing needs of businesses. The modules vary from organization to organization depending upon their industry, size and specific business processes.
We're here to discuss the basics of SAP FI. We'll then drill down into the key concepts and practical applications and then see the value creation you can achieve with this.
WHAT IS SAP FI ?
FI ( Financial Accounting) is a module of the SAP ERP system, which take cares about accounting, preparation of financial statements, tax computations etc.
Benefits of SAP FI
Key Features of SAP FI
General Ledger Accounting (GL) : Chart of Accounts (CoA), Account types, Journal entries and transaction posting.
Accounts Payables (AP) : Vendor master data, Invoice processing and payment, Credit memo and Debit memo processing, etc.
Accounts Receivables (AR) : Customer master data, Invoice creation and payment, debit and credit memo, Customer arears, Dunning etc.
Bank Accounting : Managing bank accounts, check (cheque), management, reconciliation, transactions etc.
Asset Accounting (AA) : Asset classes, Asset accounts, Asset acquisition and depreciation, etc.
Other features like Cash Journal, APP, Document Parking, Terms of Payment ,Tax on Sales or Purchase, Recurring Document, Year and Month End Activities, Migration tools LSMW, LTMC etc.
Organization Structure in SAP FI
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