#SAP BASICS PDF SOFTWARE#

In SAP FI we have the sub-modules which help to enhance its efficiency and user-friendliness. Its modern enhancements help to meet today’s financial and management requirements in accounting and reporting. The SAP FI component within SAP Financials has several new functions. (TFRS is – International Financial Reporting Standard).įurther, SAP Financial Accounting also fulfils the local legal requirements of many countries and reflects the legal and accounting changes. ( US GAAP is – Generally Accepted Accounting Principles). It complies with international accounting standards such as the US GAAP and TFRS. SAP FI (Finance) enables company-wide control and integration of financial information that is essential for strategic decision-making. 1) SAP Financial Accountingįinancial Accounting i.e. While we will learn the Financial Accounting module in detail, we will also briefly understand the other three modules.

Management Accounting (SAP Controlling).

For these requirements, SAP has provided us with four modules in SAP ERP Financials. These are Finance and accounting, Cost Control, financial supply chain management, and treasury related. The key functionality of SAP ERP Financials aims to give you the business support you need in some important areas. You can enhance your financial performance with SAP ERP Financials by accurately managing liquidity and cash, streamlining processes, and reducing costs. The ERP package is designed to support and integrate almost every functional area of a business process such as procurement of goods and services, sale and distribution, finance, accounting, human resource, manufacturing, production planning, logistics & warehouse management.Learn in Detail: What is SAP? (History, Introduction, and Journey) SAP ERP Financials

#SAP BASICS PDF SOFTWARE#

What is ERP?Įnterprise Resource Planning (ERP) is software that is built for organizations belonging to different industrial sectors, regardless of their size and strength. In addition, we will learn the implementation techniques of ERP along with the ERP packages available in the market. In this chapter, we will try to understand more on ERP and where it should be used. SAP is a market leader in providing ERP (Enterprise Resource and Planning) solutions and services.

Extending SAP solution with custom apps.

Solving small and midsize business needs.

They help organizations to achieve business goals quickly with better results. SAP partners play an important role in helping organizations to buy, build, implement, service, and support the SAP solution that best fits their unique needs.

Listed under the symbol “SAP” on stock exchanges, including the Frankfurt Exchange and NYSE.

Annual revenue (IFRS) of €1682 billion.

More than 68,800 employees in more than 130 countries.

More than 263,000 customers in 188 countries.

Some of its facts and figures stand as follows: SAP is known worldwide for its unique innovations that help customers run their business with high efficiency.

SAP is the world leader in enterprise applications in terms of software and software-related service revenue.īased on market capitalization, it is the world’s third-largest independent software manufacturer supporting all sizes of industries helping them to operate profitability, grow sustainably and stay ahead of the competition in the market.

Sap basics pdf