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SAP Overview: With A Focus On Accounting in SAP!

SAP ERP Financials is SAP's financial management software. It offers standardized business processes, a single version of financial data, improved transparency and control, and the ability to analyze profitability and project costs. SAP ERP Financials can be used by organizations worldwide, supporting multicurrency accounting, multiple languages, and country- and industry-specific requirements. The document focuses on the core accounting, management accounting, and financial supply chain management modules within SAP ERP Financials.

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62 views14 pages

SAP Overview: With A Focus On Accounting in SAP!

SAP ERP Financials is SAP's financial management software. It offers standardized business processes, a single version of financial data, improved transparency and control, and the ability to analyze profitability and project costs. SAP ERP Financials can be used by organizations worldwide, supporting multicurrency accounting, multiple languages, and country- and industry-specific requirements. The document focuses on the core accounting, management accounting, and financial supply chain management modules within SAP ERP Financials.

Uploaded by

ib1995
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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SAP Overview

With a focus on Accounting in SAP!


Objectives

 Define “SAP ERP Financials”?

 What does SAP ERP Financials offers you?

 Where can you use SAP ERP Financials?

2
Overview

 Figure 1.1 Business Challenges in Financials

 SAP (Systems, Applications, and Products in Data


Processing) was founded in 1972 by five former IBM
engineers.

 SAP ERP software consists of the following


solutions:

 SAP ERP Human Capital Management (SAP ERP HCM)


 SAP ERP Operations
 SAP ERP Corporate Services
 SAP ERP Financials (Primary focus of this book)
3
What Does SAP ERP Financials Offer you?

 Standardized business processes

 Establish standardized business processes across all of


your subsidiaries, divisions, and departments.
 Improve productivity and interoperability your employees.
 Supports a powerful business workflow that can improve
your efficiency.

 Single version of the truth


 Single source of information

Figure 1.2 SAP’s Answer to Today’s Business Challenges

4
What Does SAP ERP Financials Offer you?

 Improved transparency
-Combined with detailed audit trails institute accountability
and improve financial transparency in the company.

 Accurate prediction of future costs and profits

 Tighter control of overhead


-Managing overhead costs

5
What Does SAP ERP Financials Offer you?

Analyses of profitability based on criteria that


is important to you

Improve control of project initiatives


You can analyze your complex projects for recording
overhead costs, capitalizing investment, or manufacturing
products per customer specifications.

 Accurate and timely reporting

6
Where Can You Use SAP ERP Financials?

 Multicurrency accounting

 Support for multiple languages

7
Where Can You Use SAP ERP Financials?

Country-Specific Features(Examples):

 Country-specific payroll processing


 Country-specific asset depreciation rules and methods
 Formats for electronic data exchange with banks in
different countries
 Country-specific rules for accounting of travel expenses
 Country-specific payment methods in addition to checks
and bank transfers
 Numerous reports in various areas of financial accounting
to meet country-specific requirements

8
Where Can You Use SAP ERP Financials?

 Industry-Specific Features(Examples):

 Grouping multiple customer services on a single bill (e.g.,


utilities, telecommunication companies)
 Real-time distributing of premiums, claims, and costs from
accounting documents to multiple coinsurers (e.g.,
insurance)
 Determining operating profit of a hospital based on services
provided to the patients(e.g., healthcare providers)
 Distributing production cost to the original project item
requesting it, even if requirements from multiple project
items were grouped together at the time of production(e.g.,
aerospace manufactures)
9
Where Can You Use SAP ERP Financials?

 Synchronizing changes to software licenses reflected in


sales orders to corresponding customer billing(e.g., high-
tech company)
 Revenue distributing of product volume and product
values based on ownership (e.g., companies in the oil and
gas industry)

Table 1.1

10
Where Can You Use SAP ERP Financials?

 Challenges of distributed systems:

 How will you get data from your subsidiaries at the global
head office for financial consolidation?
 How will your regional treasury get their information from
original companies for their daily cash management and
liquidity reports?
 If you have ”loaned” employees to your subsidiary to work
on a project, how and when will the accompanying costs be
posted to your ledger?

11
Where Can You Use SAP ERP Financials?

 Throughout this book, we’ll focus on the different


components in the areas of core accounting(FI),
management accounting(CO), and financial supply
chain management(FSCM)

12
Figure 1.3 SAP ERP Financials

13
Wrap-Up

 Define “SAP ERP Financials”?

 What does SAP ERP Financials offers you?

 Where can you use SAP ERP Financials?

14

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