Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
6Activity
0 of .
Results for:
No results containing your search query
P. 1
SAP ERP

SAP ERP

Ratings: (0)|Views: 181|Likes:
I have made this Research Papers for the viewer who works on SAP ERP or studying the same site. This papers include the Importance of Financial and Managerial Accounting in SAP ERP. This include the SOX act and some successive & failure story of companies who implement ERP
I have made this Research Papers for the viewer who works on SAP ERP or studying the same site. This papers include the Importance of Financial and Managerial Accounting in SAP ERP. This include the SOX act and some successive & failure story of companies who implement ERP

More info:

Published by: Rohineesh R Bhardwaj on Dec 23, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as DOCX, PDF, TXT or read online from Scribd
See more
See less

02/19/2013

pdf

text

original

 
INDIA ASSIGNMENT
2011
 
ROHINEESH R.BHARDWAJs3903852 Page 1
Abstract:
This study determine about the main two functionality of Accounting i.e. Financial andManagerial Accounting, and how this two activities take place in SAP software.Financial and Managerial accounting have many different activities related to SAPsoftware. I have also mentioned some of these activities
.
I have tried my level best tomake this paper effective so that it covers all the important part of the given study.
 
Introduction:
In this case study I have explained the Financial and Managerial Accounting and itsdifferent activities that are used in SAP ERP.The important part of this study is SOX act i.e.
 
Sarbane-Oxley Act. This act makes thechanges in the current SAP software. I have tried to describe this change with the helpof some case studies, article and research available in the Google. As we all know thereare many stories related with SAP ERP failure and about its success, I have searchedthose company and mention their stories in this paper.
 
Classification of Financial and Management Accounting throw theiractivities and diagram:
Financial Accounting:
 
If we want to understand the Financial Accounting then we have to understand its flowin the organization, that how financial accounting leads the financial part of theorganization. We have to understand the fact that financial accounting measures moneyas an economic performance but not as a factor of production
.As I said above that to understand the financial accounting we have to understand itsflow, because financial accounting has its own flow to drive its features in theorganization. So the financial accounting include all the In and Out flows of transactionthat take place in the organization. The main task of the financial accounting is toinclude all controls of money in the organization as revenues, expenses, liabilities andassets.
Now here the question arise that what financial accounting gives us? 
 And how it’s beneficial to us? 
 So with reference this question I want to said that financial accounting collects and thensummarizes all the financial transaction that take place in the whole year, and preparethe financial report of the organization such as balance sheet which every companyrelease in the fiscal year and also lenders, tax authorities, investors and otherstakeholders
Here is the flow or we can say the cycle of financial accounting from which wewill able to understand the work or flow of the financial accounting (fig.1.0)
 
INDIA ASSIGNMENT
2011
 
ROHINEESH R.BHARDWAJs3903852 Page 2
Management Accounting:
 
Now the second term of accounting which we are going to discuss is Managementaccounting. It is totally opposite of what we have discussed in financial accounting.
 
In financial accounting the report are generate for external stakeholders where as inmanagement accounting the reports are generated are required by the manager tomake daily, long term or short term decisions. From that we are able to know thatmanagement accounting is used to generate (internal report) daily, monthly or weeklyreport for the company or for the organization. With the word internal report I want tosay that this report show the internal statement of the organization such as salesrevenue report, order in hand, all type of inventories and also amount payable andamount receivable. With the report that management accounting generates it also givesthe information related to different analysis and statistics.
 
The following fig. show process focused in management accounting. (fig. 1.1) 
 
INDIA ASSIGNMENT
2011
 
ROHINEESH R.BHARDWAJs3903852 Page 3
From the following fig. we can understand the flow of working for 
 
both financial and for management accounting. (fig.2.0) 
 
Classifying of Financial and Management Accounting throw figure: 

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->