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    SAP Introduction

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    Mallikarjun Manikyam
    SAP is an integrated ERP software that maps business processes for finance, logistics, human resources and other functions to provide real-time visibility across an entire organization. It consists of various sub-modules like accounts receivable, accounts payable, and asset accounting that are interconnected to allow accurate financial statements to be extracted at any time. The financial accounting module in SAP includes a general ledger, transaction processing, account analysis and reporting, and periodic processing.

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    SAP Introduction

    Uploaded by

    Mallikarjun Manikyam
    49 views7 pages
    SAP is an integrated ERP software that maps business processes for finance, logistics, human resources and other functions to provide real-time visibility across an entire organization. It consists of various sub-modules like accounts receivable, accounts payable, and asset accounting that are interconnected to allow accurate financial statements to be extracted at any time. The financial accounting module in SAP includes a general ledger, transaction processing, account analysis and reporting, and periodic processing.

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    SAP is an integrated ERP software that maps business processes for finance, logistics, human resources and other functions to provide real-time visibility across an entire organization. It consists of various sub-modules like accounts receivable, accounts payable, and asset accounting that are interconnected to allow accurate financial statements to be extracted at any time. The financial accounting module in SAP includes a general ledger, transaction processing, account analysis and reporting, and periodic processing.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    49 views7 pages

    SAP Introduction

    Uploaded by

    Mallikarjun Manikyam
    SAP is an integrated ERP software that maps business processes for finance, logistics, human resources and other functions to provide real-time visibility across an entire organization. It consists of various sub-modules like accounts receivable, accounts payable, and asset accounting that are interconnected to allow accurate financial statements to be extracted at any time. The financial accounting module in SAP includes a general ledger, transaction processing, account analysis and reporting, and periodic processing.

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    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 7

    SAP Introduction

    SAP is an ERP software which helps to run day to day business. SAP software suite maps
    financial, logistics, human resource and many other business processes. SAP system offers
    real time visibility across the entire enterprise. It can be used by every individual in the
    organization. SAP is a integrated business software to process all functionalities of an
    organisation in order to obtain a unified solution.

    Why SAP?
    Suppose a client approaches sales team asking for a
    particular product. The sales team contacts to inventory
    department to check the availability of the product. To
    their surprise, sales team found out that the product is out
    of stock. So next time this don’t happen, they have to
    introduce a SAP ERP tool.
    SAP Advantages:
    • SAP system eliminate duplicate data.
    • Business processes are standardized.
    • Planning, tracking, scheduling & management, becomes easier.
    • Enables integration with E-commerce.
    • Cost-effective as it reduces administrative expenses.
    • Helps to automate reporting & monitoring of the projects
    • SAP helps to enhance Customer Service through better Customer
    Interaction.
    • Offers consistency across the whole division.
    • Increases efficiency, productivity, and better management of resources.
    SAP FI is made up of sub modules. The sub-modules that are often used are accounts receivables,
    accounts payables, asset accounting, general ledger Accounting and bank accounting.
    All the sub modules are interlinked and integrate in real time. A trial balance can be extracted at an
    time and it will always balance because all the sub modules are connected. The diagram below
    shows the integration between SAP FI modules.

    1. General ledger accounting


    All general ledger accounts that are used for reporting are managed through general ledger
    accounting.
    2. Accounts receivables
    Accounts receivables is a sub module that captures all transactions with customers and
    manages customer accounts.

    3. Accounts payables
    Accounts payables is a sub module that captures all transactions with vendors and manages
    vendor accounts.

    4. Asset accounting
    Asset accounting manages all transactions related to assets for an entity. When transactions
    are posted in asset accounts ,reconciliation accounts in general ledger are updated in real
    time.

    5. Bank accounting
    Bank accounting captures all transactions with the banks. Bank reconciliation is done to
    reconcile all transactions recorded on bank statements comparing them to transactions in
    the system.

    All SAP FI sub-modules are integrated and transactions are updated in real time which
    means accurate financial statements can be extracted from the system at any time.
    Enterprise Structure
    Company: Company is the smallest Organisation unit. Financial statements are
    created according to the legal requirement for the company. Company can include
    either one or more company codes.

    Company Code: A Company code is a smallest organisational unit represent the


    company for internal and external accounting. All the day to day legal transactions
    are posted in Company Code.

    Independent company can be created with one company code. A company code
    could be a separate entity, but not independent.

    Company

    Company Company Company


    Code-1 Code-2 Code-3
    FI-GENERAL LEDGER Process Overview
    Financial
    Accounting

    General
    Ledger

    Account
    Master Transaction Analysis Periodic
    Processing Reporting
    Data and Processing
    Reporting
    FI-GENERAL LEDGER MASTER
    Chart of Accounts
    Account Groups
    Retained Earnings
    Field Status Variant
    Fiscal Year Variant
    Posting Periods
    Document Types and Numbers
    FI – Tolerance Limits
    Controlling Area
    GL Master Data Creation
    GL Posting, Display Documents types and line items
    Periodic Reportings

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