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What is mean by sap in finance?

Updated: 8/17/2019
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SAP AG is a German software company which is known as the market leader in Enterprise Resources Planning (ERP) software products. Its global market share in ERP software products was estimated as 27.5 percent in 2007, far surpassing the second-ranked competitor (Oracle) at 13.9 percent. Approximately, SAP has 75,000 customers which are various companies that spread in 120 countries.

SAP R/3 is has some functional modules that can be applied in almost all departments in a company. The most widely used modules are Financials and Controlling (FICO), Human Resources (HR), Materials Management (MM), Sales & Distribution (SD), Production Planning (PP), Plant Maintenance (PM), etc. Each module is used for specific business processes in a company and can be linked if applicable as they are stored in the same database.

read more at http://www.erpspecialist.com/index.php/articles/2-sap/2-whats-sap

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What is definition of sap fico?

Hi All, One of the main parts of SAP's ERP system's finance module is SAP Finance and Controlling (FICO). SAP FICO assists businesses in managing all of their financial data, producing balance sheets, and making corporate planning decisions. The two components of SAP FICO are Controlling (CO) and Finance (FI). The information clearly conveys the importance of SAP FICO. If you also want to establish a career out of this specific course, you must get associated with a legit SAP FICO Training and Placement soon. For More Information, Contact at - +91-9711526942


Does i have good career if i complete FIFO in sap with MBA Finance?

no


What is the best SAP module for MBA students who did finance?

FICO Depend on your domain experience , Choose SAP FICO consulting or Enduser Training. Regards, SAP END USERS TEAM www.sapendusers.com


Who can do sap fico?

Any one can do SAP FI/CO. But sap fi/co will good option for commerce graduate and mba finance professionals. Because they know very well financial terms.


What is the best sap module for MBA finance student and what are the placemant after completing the course and where are good institute of sap?

If you are keen to pursue MBA with specialisation in finance then Bengal Institute of Business Studies is a good option. The institute has seen fantastic placements this year.


What kind of employment opportunities are available with SAP?

SAP offers jobs in a variety of areas. These areas include, but are not limited to: sales, consulting, software, finance, marketing and communications.


Iam an MBA finance student. And i am doing SAP FICO. Can i get job without domain experience in SAP FICO?

EVEN I AM IN SAME SITUATION. i don't have domain experience/. can anyone tell me what to do?


What is Business partner in SAP CRM?

sap mean system application product


What is OSS mean in SAP?

Online Service System - created by SAP to provide services to SAP R/3. Lalit


How do you say sap in french?

If you mean the fluid that goes through a plant, it's sève (it's a feminine noun, so the sap would be "la sève").If you mean sap as in "poor sap", it would probably be something like idiot


What modules is most popular in sap?

I would guess Financials and HCM are 2 most used modules.


What is sap finance?

SAP FICO is a basically used for financial reporting externally as well as internally. The perspective of this module is to keep record of all financial transactions that are posted by an entity and produce financial statements that are accurate at the end of the trading period. SAP FI-CO is a combination of FI i.e. Financial Accounting and CO i.e. Controlling part in SAP ERP system. SAP FI contains accounts receivables, accounts payables, asset accounting, general ledger accounting, bank accounting, etc. Now, the CO part, which is a management tool which helps decision making and reporting