Got a tricky question? Receive an answer from students like you! Try us!

sap - Essay Example

Only on StudentShare
Masters
Essay
Finance & Accounting
Pages 4 (1004 words)

Summary

SAP University’s name: Qn.1 SAP applications are built around the latest R/3 system that provides the application with capability to manage an organization’s finances, assets, and cost accounting information related to production operations, materials, personnel, plants and documents that have been archived (Periodic Allocations)…

Extract of sample
sap

These posting keys are also crucial in controlling entries to be made in the line items. A statistical key figure is utilized in allocating internal costs between different cost centers that utilize services related to other cost centers (Padhi, 168). In this case, statistical key figures can be machine hour or the head count of any cost center. During the processing of a sales order, SAP R/3 utilizes a system of allocating prices to materials and products known as the condition technique. In allocating costs, there are three distinct methods utilized under SAP. The assessment method transfers primary and secondary costs from the dispatching cost center to the receiving control object. During utilization of this method, various business processes and cost centers can take the place of the sender, whereas a cost object, internal order or a cost center are the receivers of the assessment. The user can restrict the number of receiver categories through customization, where both the primary and secondary postings are allocated at the end of each period through utilization of user defined keys (Padhi, 175). ...
Download paper
Not exactly what you need?

Related Essays

Mergers and acquisitions
The paper affirms that there are many theories and motives that have given us useful reasons why mergers and acquisitions that take place. Williamson proposed the concept of transaction cost economics (TCE) through which an organization can find out ways of optimizing its activities so that the production and transaction costs are minimized. He proposed that it is generally cheaper to buy a…
12 pages (3012 words)
Global Business Strategy
The study also includes the opportunities and the threats that might be faced by the organisation due to globalisation. It also highlights the varied assets and resources of the organisation, which has helped in expanding its functions in global markets. The study also aims to spotlight the numerous issues of Valero Energy Corporation that must be condensed in order to prosper and to sustain in…
12 pages (3012 words)
Report about an Accounting Information Systems Disaster
Issues include: “Cost and errors associated with manual creation and reconciliation of documentation. Lack of transparency in inventory and cash positions, when goods are in the supply chain. Disputes arising from inaccurate or missing data. Fragmented point solutions that do not address the complete end-to-end processes of the trade cycle” (Ramaswamy et al. n.d., p. 38). All the areas of…
4 pages (1004 words)
Report about Procter and Gamble Case ( Information Technology)
For this reason, it endeavoured to automate the practices of distribution system involving information technology with the expectation to reduce inefficiencies in the process and to improve its brand image in the market (Clark, 1995). Therefore, the management of P&G aimed to increase the total sales of its products both in small retail outlets and in supermarket chains which was attained by the…
Keda's SAP Implemetiation Case Report
In order to accomplish this desired leading position, the management of Keda made an attempt to implement SAP ERP software package to restructure its production, logistic and inventory operations along with sales. This resulted in the augmentation of its brand image and dominance over other apparent players (Richard Ivey School of Business, “Keda’s SAP Implementation”). Moreover, it also…
3 pages (753 words)
Market Feasibilty Analysis
For both non-accounting as well as accounting firms outsourcing has become very appealing. Studies have revealed that number of hiring in the domain of accounting and finance by reputed U.S. firms are likely to increase. Since the demise of Andersen due to the infamous Enron Scandal KPMG, Touche, Ernst Young and Price water house Coopers are known as the big four. Before this it is used to known…
12 pages (3012 words)
Accounting and Audit Enforcement
The other common names of the SOX act are Public Company Accounting Reform and Investor Protection Act or the Corporate and auditing Accountability and Responsibility Act. The SOX act stipulates that the top management of a public company must personally certify the accuracy of the financial information presented to them by the accounting department. This is to ensure that the published results…
5 pages (1255 words)