FA stands for Financial Accounting, is the core module where all the financial processing transactions are captured. This is the module that is used to create statutory Financials Statements for external reporting purposes.
Functions in SAP FI can primarily be divided into General Ledger Accounting (G/L), Accounts Receivable and Accounts Payable (AR/AP) processing, and Fixed Asset Accounting (AA).
It deals in managing financial transactions within enterprises. This financial accounting module helps employees to manage data involved in any financial and business transactions in a unified system. This module functions very well for reporting requirements. The SAP FI module is very flexible and is functions well in any type of economic situation. Be it a smaller organization or a larger organization, SAP implementation helps in consolidating data for diverse business transactions and legal requirements. Financial Accounting module helps one to get real-time financial position of an enterprise in the market.
SAP Management Accounting (CO) is another important SAP module offered to an organization. It supports coordination, monitoring, and optimization of all the processes in an organization. SAP CO involves recording both the consumption of production factors and the services provided by an organization.
SAP CO includes managing and configuring master data that covers cost and profit centers, internal orders, and other cost elements and functional areas.
The main purpose of SAP controlling module is planning. It enables you to determine variances by comparing actual data with plan data and thus enables you to control business flows in your organization.
SAP CO Integration with Financial Accounting.
Both SAP CO and SAP FI modules are independent components in a SAP system. The data flow between these components takes place on a regular basis.
Data flows relevant to cost flows to Controlling from Financial Accounting. At the same time, the system assigns the costs and revenues to different CO account assignment objects, such as cost centers, business processes, projects or orders.
SAP MM is known as SAP Material Management.It is a part of Logistics area and helps to manage the procurement activity of an organization from procurement.It supports all aspects of material management (planning, control etc).
It is the backbone of the Logistics area which incorporates modules like Sales and Distribution, Production Planning, Plant Maintenance, Project Systems, Warehouse Management which are extremely obsessed on Materials Management module.
The features of SAP MM system are as follows:
SAP MM is one of the modules of SAP that deals with material management and inventory management.
Material Management process ensures that there is never a shortage of materials or any gaps in the supply chain process of the organization. SAP MM speeds up the procurement and material management activities making the business run smoother with complete time and cost efficiency.
It deals with managing the materials (products and or services) resources of an organization with the aim of accelerating productivity, reducing costs and increase improvement and at a similar time be versatile to accommodate changes in day to day life.
It deals with the Procurement Process, Master Data (Material u0026amp; Vendor Master), Account Determination Valuation of Material, Inventory Management, Invoice Verification, Material Requirement Planning etc.
SAP SD stands for Sales Distribution. It is one of the important modules of SAP. It handles the process of order to delivery activities
SAP SD manages all activities of pre-sales, receiving u0026amp; managing sales orders, schedules, delivering products to customers, billing to customers for products sold, handling transportation and distribution of shipments to customers. SAP SD module integrates with other modules such as Financial Accounting, Management Accounting, Material Management, Production Planning etc.
SAP PP (Production Planning) is one the largest functional module in SAP. This module mainly deals with production process like capacity planning, Master production scheduling, Material requirement planning shop floor etc. The PP module of SAP takes care of Master data needed like Bill Of Materials ( BOMs), Routing and Work Centers and stores it in one separate component.
SAP PP is mainly divided into planning and execution. Planning contains materials planning and capacity planning. Materials planning can be done for different lengths: long term planning, material requirements planning etc. Execution contains creation of production order, scheduling, work flow (such as release printing), confirmations, goods movements, technical completion.
Most of the above mentioned sub processes need master data to be maintained. And when you carry out, they generate transactional data like planned orders, production orders, accounting documents etc. Also, there are sub modules for different types of industries like discrete production, process production (like chemicals), repetitive production, kanban, all these normally follow the above mentioned sub processes.
SAP Human Capital Management (SAP HCM) is one of the key modules in SAP and is also called SAP Human Resource (HR). SAP HCM Suite helps HR drive business execution with solutions that are comprehensive, engaging, and flexible enough to start anywhere and still go everywhere.
Human Capital Management module of SAP helps your organization to hire and retain the right people, manage the work environment, streamline HR processes, ensure legal compliance, and create a people-centric organization.
SAP HCM contains many sub modules and all these modules are integrated with each other.
The key modules are as follows:
- Organizational Management – Organizational Management includes Personnel development, Personnel cost planning and event management.
- Time Management – Time management includes time recording, attendance, time schedule, shift management, etc.
- Personnel Administration – Personnel Administration includes personal and organizational structure, Info types, integration with time and payroll, etc.
- Payroll – Payroll deals with payroll types, payroll group configuration, primary and secondary wages, gross pay, bonus, etc.
- Recruitment – Recruitment includes hiring an employee, maintaining HR master data, etc.
- Training and Event Management – Training and Event Management deals with identifying training needs, scheduling training, training cost management, etc.
- Travel Management – Travel Management includes managing official trips, cost management for travel, travel expenses, etc.
SAP ABAP (Advanced Business Application Programming) Training
ABAP stands for Advanced Business Application Programming / 4th generation language. ABAP is a programming language used for developing applications for the SAP R/3 system. SAP will run applications written using ABAP/4.
SAP ABAP Certification
The certification proves that the candidate has the fundamental knowledge, the pre-requisite understanding of Advanced Business Application Programming and he also able to apply these skills in a practical manner under the supervision of a project lead.
SAP Basis describes the fundamentals of the administration of the SAP system. It includes installation, configure, update, patch, migrate, troubleshoot any technical problem on SAP system and manage all the daily operations for that specific SAP system or system landscape.
Basis area emphasizes the administration of RDBMS (Relational Database Management System – or simply the database SAP system is using), client-server architecture and the SAP GUI. Moreover Basis defines the interface between the system components and the Basis components, which includes also the development platform for SAP applications and data dictionary. System administration, user administration and monitoring tools are also features of the Basis components in the SAP system.