SAP Finance Training – Introduction to SAP Finance (Video 1) #Finance

welcome to the ASAP Finance training course the main objective of this course is to learn and understand how the financial business processes work in the SI p erp

environment this course is ideal for Finance and Accounting graduates ASAP end-users and super users business analysts and of course anyone who want to

understand how the financial processes work in sa p ER p my name is Mashhad Najmuddin i am the trainer for this course I’m a certified SAV consultant with over a decade of sa p implementation and support experience I have completed four into an life cycles three global rollout projects and

eight continuous business improvement projects I had the privilege of working with top-tier consulting firms such as s AP Australia Accenture IBM jujitsu and uxe oxygen my academic background is in information systems engineering I followed up with that MBA majoring in

href="https://cashnews.co/finance" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance I am also a certified project management professional and have multiple certifications in sa P #1a73e8; text-decoration: none;">Finance I am lucky to have the exposure to work across many global projects and I now currently reside in Melbourne Australia s ap is the most popular business application software in the world it is a German company known for making enterprise software

to manage business operations the letters is AP stands for systems applications and products for data processing it started way back in 1972 with 5x IBM employees as a small software company in Germany with just one customer now after four decades the company has grown over two hundred ninety one

thousand customers in over 190 countries with more than 70,000 employees it is a most valued company in the German Stock Exchange having overtaken industry heavyweights such as Volkswagen and Siemens which are over 100 year old companies this shows this organic and steady growth of

sa P to become the number one business software in the world s AP has launched many successful products over the last four decades I just listed a few over here their main flagship product has been ACP ERP suit throughout this course we will concentrate on the financial processes in the ACP ERP

environment the assembly ERP environment is consisted of many different processors these have been classified into something called modules for example you have the fire fire module for financial Accounting the CEO module for management Accounting or more commonly

known as controlling the MM module for materials management the est module for sales and distribution the PS module for project systems and the HR module for human resources there are still some more modules available in the is a PRP environment I guess list of the most popular modules over here

let’s look at the SI p fi module a fine stands for financial Accounting which manages the financial transactions of the organization the financial transactions are recorded in your Balance Sheet and Income statement onerous a P&L account

statement the financial Accounting module has many sub component modules the most common ones are general ledger the payable accounts receivable asset Accounting and banking ledger so the financial business processes in SA P are sorted according to these sub

modules the ASAP affray module is also the most commonly implemented module in the SI p ERP environment because without the SI p fi module you will not be able to generate the Balance Sheet and the Income statement for your organization in the SI p erp suit the CEO

module in SI P stands for controlling the word controlling comes because you are able to manage and control the costs of your organization using the CEO module reporting the CEO modules also known as a management Accounting module of si B this module supports the process planning

reporting and monitoring the operations of the business it involves around managing the costs and look towards increasing the Profitability of the organization it uses the sub modules of cost element Accounting cost center Accounting for which

central Accounting internal orders Profitability analysis and product costing along with the fi module the CEO module also is very popular and is most commonly implemented throughout many business environments broadly if I undersold from the bulk of the SME

Finance business processes hence is very important that you gain a good understanding of these two modules to be very familiar with the ASAP financial processes let’s

look at some prerequisite to learn this a safely Finance course it is ideal if you are coming from a color: #1a73e8; text-decoration: none;">Finance or Accounting background because the ASAP financial process will involve a lot with financial Accounting and management Accounting so it’s important that you have a basic knowledge

of some Accounting principles such as debits and Credits what our Balance Sheet accounts what our Income statement accounts or your PIN and accounts some basic business terminologies such as vendor customer inventory

Revenue expenses cost centers Profit centers the word Profit Assets this extra throughout this course we will be using many of these terminologies quite frequently and it becomes very important that you are familiar with the basic

Accounting principles let’s look at the ASAP Finance career paths you can go down the business path line or the consulting pot line this course is more

focused on the business path line the business path means that he joined as an end-user or a super user or a business and list in an organization in their corporate Finance

or any other Finance related departments this can also be sub departments such as accounts payable accounts receivables fixed Assets procurement and so on

anything which is relevant to financial Accounting or management Accounting processes many companies use a Sibley especially a lot of multinational companies around the world use sa P such as Coca Cola Pepsi Unilever Reliance bhp shell and so on and many of these

companies prefer to have users who have prior ACP experience which makes it beneficial for them that they do not have to retrain their users because the SI purposes are quite uniform throughout all organizations the standard SI p transaction quotes and the screen layouts are pretty much the same no

matter what organizations use sa be in this makes it easier fail to gain exposure to sa P processors and get experience using SME transaction codes even if you move and organizations who use ACP many none;">Finance and Accounting roles advertised by organizations who use ACP prefer to have someone who has a safety experience they even put this in top of their discipline mentioning that must have a safe experience or a separ experience preferred is if experience decide those

type of loadings are quite familiar when you see job at disciplines where companies are using ACP hence it becomes very useful if you have prior Sapa experience in especially when you are playing for text-decoration: none;">Finance roles it makes it much easier for you to stand out rather than some users who do not have any easy P experience at all the ACP consulting part is more focused on the becoming an ACP color: #1a73e8; text-decoration: none;">Finance consultant you can achieve this by joining as an analyst in a consulting organization such as Accenture IBM TCS Infosys CSC kept Gemini and so on there are many consulting companies which offer you a consulting path as I mentioned this

course is more focused for the business users of ACP such as an end-user superuser business analyst or fresh graduates who want to learn more about them ASAP Finance

processors let’s look at how a typical is ap implementation works you will have a project preparation phase where you do the initial planning of the project assign the project team members and do a project leak off then you come on to the business blueprinting phase in here you analyze the as

is and to be processes which means how the current organization is running his business and how would it want to do it in future with s AP you also analyze over nasal structure find any gaps which are not able to use within the standard set environment and how to overcome those gaps create the

business blueprint documents and so create some functional specifications but the technical team this will be shared by both the business analyst and the ASAP Finance

consultants it’s very important that you will get your business blueprint phase collect because any changes after the implementation will be costly and time-consuming so hence is very important that during the business blueprint phase you I not all the differences and foresee any future risks

of future processes which needs to be amended hence you address them in your business blueprint phase and document them and find the relevant solutions after the business blueprint phase is sign off you go on to the realisation phase this where they say P consultants will do the basic

configurations they will also perform some unique testing within the environment and some integration testing with all the AP modules is to ensure that the processes are working properly during the final preparation phase many end users super-users and business analyst will be heavily involved

especially with stress and volume tests user acceptance tests user training data migration and cutover strategies this stage is very important before you go live in a project then after the planned preparation has been signed off you go on to the go-live phase after a particular date the project is

set to go live and then you have critical business support again at this time the business users and they say pay function consultants will work closely for a few months to ensure that the business is running smoothly with the ASAP implementation as an end user super user or a business analyst is

very important that you’re actively involved in all these phases of the SCP project going from the particular peroration to go live and understanding how the SI p has been implemented in your organization we give you a good insight of how the processes in your organization’s have been

mapped in the ASAP environment sometimes you might join an organization where they have already run a CP and going live so you will be coming during the support phase or ongoing business improvement phase of their project even after a goal I of a project after a few years the organization might do

a restructuring or they might want to bring in new additional processes hence they will be configured mapped and will follow a similar phase like this to ensure that this new processes or mapped into the existing structure I hope you will find this ASAP

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance course very useful in furthering your knowledge I wish you the very best in pursuing a successful SME none;">Finance career path