SAP Financial Accounting module
Overview of SAP Modules
SAP Certification exam is based on Enterprise Resource Planning solutions, typically SAP software solutions. Enterprise Resource Planning (ERP) that allows an enterprise to manage data bases for different processes from a single unified system. ERP system was developed initially for inventory control, however over the years; different software was developed for different processes in enterprise for better data management and work flow. In today’s world, there are many leading market providers of ERP system and SAP is one of the market and technology leaders in building business software towards structured work and data management in organizations. SAP AG is originally German multinational software who deals in software development for business management and improved customer relations in enterprises. Systems Analysis and Program Development (SAP) was founded in June, 1972 and since then, many SAP ERP operations modules has emerged that are designed focusing on various different processes including SAP ERP sales and service, sales and distribution, customer relationship, financial management, business intelligence and more. Let’s get an overview of few of the SAP development modules in this post.
- SAP Financial Accounting (FI)
- SAP Controlling (CO)
- SAP Sales and Distribution (SD)
- SAP Production Planning (PP)
- SAP Materials Management (MM)
- SAP Quality Management (QM)
- SAP Human Capital Management (HCM)
SAP Financial Accounting (FI)
SAP FI module as the term suggests 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 FI incorporates with other SAP modules such as SAP SD, SAP MM, SAP PP, Payroll and more for better work results.
SAP Controlling (CO)
SAP CO module is another important SAP modules offered to enterprises. The controlling module supports in the process works of planning, reporting and monitoring operations of businesses. It involves methods to view and organize costs that are required for financial reporting. Controlling module enables one to plan, track, perform and report about costs. Controlling includes managing and configuring master data that covers cost elements, cost centers, profit centers, internal orders, and functional area and so on.
SAP Sales and Distribution (SD)
SAP SD modules deal in managing all transactions ranging from enquiries, proposals, quotations and pricing and more. The sales and distribution module helps greatly in inventory control and management. SAP SD module consists of master data, system configuration and transactions. Some of the sub-components of SAP SD module are: master data, sales support, sales, shipping and transportation, billing, credit management, sales information system and so on.
SAP Production Planning (PP)
SAP PP module is another important module that includes software designed specifically for production planning and management. This module also consists of master data, system configuration and transactions in order to accomplish plan procedure for production. SAP PP module collaborate with master data, sales and operations planning, distribution resource planning, material requirements planning, Kanban, product cost planning and so on while working towards production management in enterprises.
SAP Materials Management (MM)
SAP MM module as the term suggests manages materials required, processed and produced in enterprises. Different types of procurement processes are managed with this system. Some of the popular sub-components in SAP MM module are vendor master data, consumption based planning, purchasing, inventory management, invoice verification and so on.
YOU MIGHT ALSO LIKE
Share this Post
Financial Accounting Manual
This Financial Accounting Manual for Federal Reserve Banks (FAM) contains the accounting standards that should be followed…Read More
Financial Accounting Jobs
Robert Half Finance & Accounting is the world s first and largest specialized financial recruitment agency. For over…Read More