SAP stands for System Application and Products in data Processing

FI stands for Financials 

CO stands for Controlling

Version : ECC6

ECC stands for ERP Central Component

SAP was released in 1972 – It head quarters in Germany

What is ERP?

ERP stands for Enterprise Resource planning, it is integrated all functions in one system.

                                    Organization

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Purchase Dept.        Store Dept.    Production Dept.      Accounts Dept.

Will have no of departments in organization. ERP integrate all the functions  into one system.

It will facilitate free flow of data among the departments.

Advantages:

Once stores person updates in the system – It can be shared by account person.

No mismatch in reporting – Data Source is only one once updation.

Store Department at Factory: Where the material is received are updates his records send the bill to account person.

Accounts department at City office : Pass an entry in the books

Disadvantages:

Duplicate job

Time gap.

ERP Packages:

SAP, Oracle, Financials, Peoples soft, BAAN , J.D.Edwards

1972- SAP R/1 – Real time data processing

1980-SAP – R/2 Included no.of countires and no.of currencies

1990 – SAP R/3- R/3 stands for

Data Structure

1.Application Server

2.Data based server

3.Presentation

1999 – My SAP.com – Web baed

2004 – Net weaver – Integrates information, people and process.

Areas to be covered under FI /CO

FI:

1. General Ledger accounting
2. Accounts payable
3. Accounts receivable
4. Asset accounting

CO:

1.                  Cost element accounting

2.                  Cost center accounting

3.                  Internal orders

4.                  Profit center accounting

5.                  Product costing

6.                  Profitability analysis

Integration of:

1. Material Management Module to Financials (MM to FI)
2. Sale & Distribution module to Financial module integrate (SD to FI)
3. Data take over(From Non-SAP to SAP)
4. Closing procedure

Reports:

In all the module systems gives around 2000 reports

You can attaché the reports to favorites

Some important reports you can attach the reports on desk top.

Cross company code transactions:

India version: TDS , Excise and sales tax

Companies Act:1956:  as per Schedule VI Balance sheet and Profit & Loss A/c

What are difference between SAP EE 4.7 and ECC 6.0?

SAP EE 4.7	SAP ECC 6.0
Stands for  Enterprise Edition	Stands for Enterprise Central Compound
No Netware concept (Offline)	Netware concept (Online)
Segment wise report is not possible	Is it possible
Only one currency	Multiple ledgers in currencies
	Document splitting
	Foreign currency revaluation based on accounting principles

Role of FI /CO Consultant

1. Project Manger
2. Senior Consultant
3. Junior consultant     (Each project 3 to 6 members)
4. Support Consultant (Eg.IBM, Accenture)
5. Core Team Members
6. End User