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Package 200 - FICO - Infosys
Business without ERP
Customer Calls to place order for a Car
PP contacts Purchasing for raw material
Sales office/Inventory contacts PP
Sales office contacts Inventory
Business without ERP (Contd..)
Lets add some more Business Processes
) Customers Where is my car Whom to contact for status? What is Cost and profit What is this confusion What to manufactur e?? Production Planning Sales Shop floor Finance Purchasing Vendors Inventory .Business without ERP (Contd..
I did not order for a TRUCK!!!! Dear Sir..Lets Deliver the end product to customer. Your Order… Sales .
Business without ERP (Contd.) I AM NOT TAKING DELIVERY AND WILL NEVER DEAL WITH YOU! We are SORRY Sir Sales ..
Overall Picture Vendors Sales General Ledger Purchasing Customers A/R A/P Production Planning Inventory Shop Floor Execution .
Why Enterprise Why Enterprise Architecture ? Architecture Numerous disparate information systems Integrating the data becomes costly Time Money Resources Inconsistencies and duplication of data Lack of timely information Required: Central enterprise definitions Required: Centrally controlled business change .
.Enterprise Structure – Integrating Business Marketing FA Treasury GL Shop Floor Sales AP Purchasing AR Plants PP HR Payroll Partner Systems Mfg.
discontinuity and redundancy in data Increases the return on investment made on IT implementations Delivers quality information designed for the Enterprise as a whole Faster and cheaper Delivers quality information to produce a quality enterprise ERP Satisfying Partners/Customers Reducing required manpower .Enterprise Architecture Benefits Eliminates the duplication.
Quiz Time What is the full form of SAP? When was SAP founded? .
Hector.Quiz Time What is the full form of SAP? Systems Applications and Products in Data Processing When was SAP founded? Founded in 1972 by Wellenreuther. Hopp. Plattner and Tschira Renamed in 1977 Before 1977 : Systems Analysis and Program Development (German : Systemanalyse und Programmentwicklung) .
which covers virtually every aspect of the business Three systems developed : R/1.History of SAP Systems Applications and Products in Data Processing German : Systeme. Produkte in der Datenverarbeitung Founded in 1972 by Wellenreuther. R/2. Hopp. Anwendungen. Hector. Plattner and Tschira Renamed in 1977 Before 1977 : Systems Analysis and Program Development (German : Systemanalyse und Programmentwicklung) SAP is both the name of the Company as well as their ERP Product SAP system comprises of a number of fully integrated modules. R/3 .
ERP Enterprise Resource Planning is evolved through these stages … Enterprise Resource Planning Inter-Enterprise Co-operation Collaborative Business Create Strategic Value Total Company Value Automation Efficiency and Control 80’s R/2 90’s R/3 Today mySAP ERP Evolution of ERP .
70s 80s 90s 00s .Has Been Driving ERP – and They Continue to Do So… ERP Rapid Adoption Companies start to adopt ERP on a massive scale mySAP ERP E-Business is now seen as an extension of ERP. SAP is leading the new industry standard for collaborative business applications. not a replacement. New competitors enter the market. Dot. Trends seemed to indicate that ERP was an out-offashion model SAP Invents Real-Time ERP SAP defines and establishes a new approach to Integrated Standard Business Software.com Hype: ERP = Old E-Business = New ERP = The Business Software Industry The approach that SAP established becomes industry standard.
Evolution of SAP .
Which is the latest SAP product? mySAP ERP mySAP Business Suite mySAP.Quiz Time SAP R/3 client server architecture evolved in year___________.com with one step business .
Quiz Time SAP R/3 client server architecture evolved in year 1992 Which is the latest SAP product? mySAP ERP mySAP Business Suite mySAP.com with one step business .
Infosys 20 .SAP R/3 Architecture Package 200 .FICO .
as a whole .3 Tier Client / Server Architecture The SAP R/3 architecture is based on a 3-tier client/server principle Presentation Server Application Server Database Server Dedicated Servers are linked by Communication Networks Perform tasks without sacrificing data integration and processes within the system.
.2) .SAP R/3 System Architecture (Contd..
Overview of Presentation & Database Servers The Presentation Server GUI only At workstation Very light Sends requests to application server Obtains screens from application server and displays The Database Server Interface between application server and RDBMS Also holds the vendor specific DB driver .
A developer’s workbench 2. Create & Test ABAP/4 programs) (Technical) .SAP R/3 Conceptual Areas SAP Conceptual Areas Application Area (Initiate and execute SAP transactions) (Functional) Basis Area (The technical administration of the system) (Authorizations/Ids/etc) Development Area (1.
.Transport Request Systems in R3 Development System (DC) Quality System (QC) Production System (IC) Client 110 100 etc. .
Clients in R/3 The Logon Client 3 digit number ( 000 to 999) Helps maintain independent sets of data within the same R/3 system Client mechanism and handling .
Clients in R/3 .
OS/2 Presentation Manager (PM). OSF/Motif *. HTML. Digital NCR HP (Intel) Sequent IBM (Intel) SNI IBM AS/400 IBM S/390 Operating AIX Reliant systems Digital UNIX UNIX (SINIX) HP-UX SOLARIS ADABAS D DB2 for AIX INFORMIX-OnLine ORACLE Windows NT OS/400 OS/390 Databases ADABAS D MS SQL Server INFORMIX-OnLine ORACLE DB2 for OS/400 DB2 for OS/390 Dialog SAPGUI Languages Windows 3.1. Java .R/3 Technology Environment Hardware UNIX Systems Bull IBM Digital SNI HP SUN Bull/Zenith Compaq Data General .. Windows NT.. Java ABAP/4. Macintosh *. C++. Windows 95. C.
0 HP (Intel) OS/2 ADABAS D SNI Macintosh IBM (Intel) .1 / 95 / Oracle 7.1 Compaq NT SQL Server Bull / Zenith OSF / Motif 6.1 ADABAS D AT&T Win 3.Platforms and Databases supported by R/3 Operating Systems AIX SINIX SOLARIS HPUX Digital Unix Windows NT Supported Hardware Supported Front ends Supported Databases IBM SNI SUN Win 3.1/ 95 / DB2 for AIX NT Digital HP Bull OSF / Motif OS/2 Macintosh Informix – Online Oracle 7.
Client Server Benefit .
Quiz Time Presentatio n Server Application Server 3 Digit number Client Testing/ Match the following Windows Basis Quality System GUI .
Quiz Time Presentatio
n Server Application Server 3 Digit number Client Testing/
Match the following
GUI Business Administrat ion Client
SAP R/3 Modules
Package 200 - FICO - Infosys
SD – Sales and Distribution MM – Materials Management PP – Production Planning
FI – Financial Accounting
SD MM PP
FI CO AM
CO – Controlling AM – Asset Management
QM – Quality Management PM – Plant Maintenance WM – Warehouse Management
PM WM PS WF
HR – Human Resources WF – Workflow PS – Project System
SAP R/3 Application Financial accounting (FI) Modules Controlling (CO) Asset management (AM) Materials management (MM) Sales and Distribution (SD) Production Planning (PP) Quality management (QM) Plant maintenance (PM) & Customer Service (CS) Project system (PS) Human resources (HR) Workflow (WF) .
Module Functionalities MM Material Procurement Inventory Management Batch Management Goods inspection Invoice Verification PP BOM/Work Center/Routing MRP Capacity Evaluations Production Orders QM in production SD Inquiry processing Sales Order Processing Delivery Processing Billing FI General Ledger Accounts Payable Accounts receivable Cash management CO Cost Center Accounting Product Costing Order Contribution Analysis .
Quiz Time Financial Accounting Controlling Materials Managemen t Sales & Match the following Inventory Managemen t Shop Floor Control Financial Reporting Profit center .
Quiz Time Financial Accounting Match the following Asset Managemen t & Financial Reporting Profit center Accounting Inventory Managemen Controlling Materials Managemen .
Module FI – Financial Accounting • External reporting of • • • General ledger Accounts receivable/payable Sub-ledger accounts with a user-defined Chart of Accounts • Key elements • • • • • • • General ledger Accounts payable Accounts receivable Asset Management Special Purpose Ledger (FI-SL) Legal consolidation Accounting Information System .
Financial Accounting Foreign exchange management Finance information system Bank Management of secureties and loans Cash management and forecast Accounts payable Payables Bank accounts Receivables Accounts receivable General Ledger Invoice verification Extended General Ledger Consolidation Credit management .
Module CO – Controlling • • • Represents the flow of cost and revenue Instrument for organizational decisions Key elements of the CO application module include : • • • • • • • Cost center accounting Product cost Planning Product Costing Profitability analysis Profit center accounting Activity based costing Enterprise controlling .
Module SD – Sales and Distribution • Optimize tasks/activities in • • • Sales Delivery Billing • Key elements of the SD application module include : • • • • • • • • • Pre-sales support Inquiry processing Quotation processing Sales order processing Delivery processing Warehouse management Billing Credit Management Sales Information system .
SALES INFORMATION SYSTEM Sales Support Sales and Distribution Processing Sales Sales activity Inquiry Quotation Delivery free of charge Subsequent delivery free of charge Sales order Returns Contract Scheduling agreement MATERIALS MANAGEMENT USD Shipping Delivery Billing Debit memo Invoice Credit memo FINANCIAL ACCOUNTING .
Module MM – Materials Management • Supports • • Procurement Inventory • Key elements • • • • • • • • Materials procurement (purchasing) Inventory management Invoice verification Material valuation Vendor evaluation External Services management Purchasing Information System (PurchIS) Inventory Controlling Information system .
BASIC DATA Vendor/one-time customer Purchasing info record Service specifications Workflow Optical archive Texts Mail Communication Classification Documents Conditions RFQ/Quotation Purchasing information system Vendor evaluation Material Special stock Batch Materials Management PURCHASING Purchase requisition MRP Direct requisition Release procedures SD Third-party order Requirements PP PM Material/service Price comparisons Price comparison list Purchase orders Outline agreements Scheduling agreements Purchasing Service/ Spare Parts Service / Inspection QM spare parts lot G/L accounts Cash management and forecast Fixed assets Cost center / Budget Project FI AM CO PS INVENTORY MANAGEMENT Goods receipt/issue Transfer posting Quantities and values Physical inventory Storage bins INVOICE VERIFICATION Check and post Price update .
activity-based costing Work in process Kanban Production planning for process industries (PP-PI) Repetitive Manufacturing .Module PP – Production Planning • To plan and control the manufacturing activities • Key elements • • • • • • • • • • • • • Bill of Material (BOM) Routings Work Centers Sales and Operations planning (SOP) Master Production Scheduling (MPS) – Capacity Planning Materials Requirement Planning (MRP) Shop Floor Control (SFC) Production orders Product costing.
Production Planning Customers Sales Shipping Billing SD SD PP Sales and Operations Planning Demand management / MPS Material requirements planning Detailed Schedeling and Planning Capacity planning Shop floor control Costing Information system Project Networks PS SD PM SD Maintenance Repairs Plant maintenance QM SD Inbound Raw Material Finished Goods Vendors MM SD Purchasing Warehouse Invoice verification FI Financial accounting CO Cost accounting HR Human resources .
production. distribution Quality Management Information .Quality inspection Information System (QMIS) .Module QM – Quality Management • Supports • • • • • Quality planning Inspection Control for manufacturing Costing Procurement • Key elements • • • • Quality planning Quality during procurement.
Capacities Scheduling • Project Management Information System • Key elements • HR – Human Resource • Key elements • Recruitment • Payroll & Time management • Travel Expense accounting & Benefits • Workforce planning & Training administration • Organization management .Module PS – Project System & HR – Human Resource • PS – Project Systems • Support planning. & monitoring of long term highly complex projects with defined goals • Project WBS – Plan • Budget & Monitor • Network Management • Activity monitoring. Milestones. Material Planning. control.
data and documents are incorporated at each step Using the processing rules. unit.. the Workflow manager routes the item to the appropriate role (location. the Workflow manager initiates a Workflow item Using the process logic. . • Example: • Posting a PO will trigger automated mail to sales support for customer service.). person. etc..Module WF – Work Flow • • • To integrate SAP R/3 with cross-applications Support tool for all modules Automates business process • • • As events occur that trigger a process..
Quiz Time Is Industry solutions an SAP module like FI/CO/MM etc? True/False PP Supports procurement and Inventory FI Handles project budgeting and monitoring WF management is a support tool for all modules .
Industry solutions a module like FI/CO/MM etc? NO PP Supports procurement and Inventory (False – MM Supports these functions) FI Handles project budgeting and monitoring (False – PS handles these functions) WF management is a support tool for all modules (True) .Quiz Time True/False Is SAP .
IS – Industry Solutions • Combines SAP R/3 application modules to additional industryspecific functionality • Result of the research by industry Centers expertise (ICOE) .
mySAP Industry Solutions (Some Examples) SAP for Aerospace & Defense SAP for Media SAP for Automotive SAP for Mill Products SAP for Banking SAP for Mining SAP for Chemicals SAP for Oil & Gas SAP for Consumer Products SAP for Pharmaceuticals SAP for Engineering. Construction & Operations SAP for Professional Services SAP for Healthcare SAP for Public Sector SAP for High Tech SAP for Retail SAP for Higher Education & Research SAP for Service Providers SAP for Industrial Machinery & Components SAP for Telecommunications SAP for Insurance SAP for Utilities .
SAP Product Overview Package 200 .FICO .Infosys 55 .
mySAP ERP R/3 Enterprise Web AS mySAP Business Suite R/3 SAP NetWeaver •Easing Upgrade Plans & Providing Transition Options •Bringing benefits of SAP Netweaver into installed base •New Customers have more entry options & receive world –class ERP .Evolution of SAP products Solutions mySAP CRM mySAP SCM mySAP HR mySAP PLM ………..
Evolution of SAP products SAP R/3 my SAP Solutions my SAP Business Suite .
SAP R/3 Financials HR Corporate Services Operations .
mySAP Solutions mySAP PLM mySAP SCM mySAP Financials mySAP CRM mySAP HR Corporate Services Operations mySAP SRM Adaptive Business Solutions SAP R/3 .
MDM) Process Integration (XI) .my SAP Business Suite mySAP PLM mySAP SCM mySAP mySAP SRM mySAP Financials mySAP HR Corporate Services Operations CRM SAP NetWeaver Application Platform ( Web As) People Integration (Portal) Information Integration( BI.
mySAP Solutions & Netweaver mySAP CRM mySAP SRM mySAP SCM mySAP PLM SAP Netweaver .
FICO .Infosys 62 .My SAP Customer Relationship Management (CRM) Package 200 .
CRM Solution Map .
CRM – Holistic view .
Where does a CRM solution fit? Who What Marketing Sales Service Use a CRM Solution to complete the Cycle Service Executives Engage Fulfill Transact Workplace Which way How Internet Mobile Telephony Operational Analytical Collaborative .
com Portal Users CRM Component Landscape CRM System As one big logical box OLTP R/3 System BW Internet Mobile Clients Telephone Callers APO .mySAP.
Enterprise CRM Internet Sales B2C Scenario Internetselling Consumer BBP Scenario Business Partner B2R Scenario Reseller .
• Service module within Service Planning CRM • Proactively engage customers with the correct resources at the most beneficial times • Customer Care • Provide customer with 24/7 accessibility from all communication channels with precise and consistent informationon • Installed Base Management • Maintain an accurate. up-to-date record of a customer’s products and installations to facilitate service and anticipate customer requirements .
quotations. opportunities.Mobile Sales module Suite of tools tailored to the needs of the within CRM force offline mobile sales Provides an integrated view of customers. activities. etc. prospects. competitors. products. orders. services. product and competitive information Determining product and pricing configurations Managing sales projects across sales teams Generating presentation and proposals . Heavy cross-referencing for easy navigation Facilitates the sales process by Effectively managing customers and prospects Providing appropriate customer.
Quiz Time What is the latest version of mySAP CRM Name the three service modules with in CRM .
Quiz Time What is the latest version of mySAP CRM (Version 5.0) Name three service modules with in CRM Service Planning Customer care Installed base management .
Infosys 72 .FICO .My SAP Supplier Relationship Management (SRM) Package 200 .
SRM Solution Map .
0 Exchange Infrastructure Content Integrator .0 • Bidding Engine 3.5 • Enterprise Portal 5.5 • Business Inf.5 • User Management 3.Key Components of mySAP SRM mySAP SRM – eProcurement mySAP SCE Supplier Collaboration Engine • Enterprise Buyer Prof 3.5 • Requisite eMerge 3.0 • Supplier self services 1.0B • Requisite Bugs Eye 3. W’house 3.
line of business •Supplier evaluation: Helps you evaluate the supplier base within the organization systems and external market places to identify and select supplier to ensure reliable & uninterrupted supply •Request for quotation and auctions: Provides electronic auctioning and bidding tools to compress sourcing cycle times •Contract management: Helps create and manage value and quantity contracts • Operational Procurement •Self-service procurement: Enables decentralizing procurement process within organization. without diluting the control •Plan-driven procurement: Enables automatic purchase order generation for stock materials across the integrated supply chain •Services procurement: Enables service procurement process to be managed online .Key Components of • Strategic Sourcing mySAP SRM •Sourcing analytics: Helps provide analytics based on supplier location.
data edit and a search engine . •Supplier portal: Provides portal features for suppliers to manage their product data and orders •Supplier connectivity: Provides capability to connect multiple suppliers through XM_based document exchange • Content Management •Content consolidation: Provides capability to consolidate product and vendor information •Catalog content management: Provides capability to manage OCI compatible catalog with tools for data import.• Key Components of Supplier Enablement mySAP SRM….Contd.
Quiz Time Name any one key component of mySAP SRM Solution map .
Quiz Time Name any one key component of mySAP SRM Solution map Following are the three key components of mySAP SRM Strategic Purchasing & Sourcing Operational Procurement Supplier Collaboration .
Infosys 79 .FICO .My SAP Supply Chain Management (SCM) Package 200 .
SCM – Solution Map .
alert and resolve exceptions . SRM and PLM SAP ICH (inventory Collaboration Hub) Collaboration with Suppliers SAP EM (Event Management) Monitor.mySAP SCM SAP APO (Advanced Planning and Optimizing) Flexible and Adaptive Planning. Integration with CRM.
SNP or PPDS Planned Orders. Stock Transfers and Production Orders Legacy Systems BAPI . SAP SRM and SAP PLM Planning Outputs include Forecasts. PPDS. GATP. destination of transaction data like planning outputs or Availability Checks for Execution systems SAP SCM Transaction Data Core Interface Master Data Module includea Demand Planning.Typical SAP SCM Solutionscape SAP R/3 Dominant source of Master Data in SAP SCM. TPVS and TLB Planning system where selective Master data maintained and sourced from R/3 Core interface SAP CRM. SNP & Deployment.
One-on-One comparison i2 SAP SCM Technologi es (Tradematr ix SCM) Forecastin Demand Demand g Planner/De Planner mand Managemen t ATP and Demand Fulfillment Fulfillment ORACLE APS Manugistic s (Networks SCM) Demand Managemen t Oracle Demand Planner SAP GATP Oracle GOP Fulfillment (Global ATP) (Global Managemen Order t Promising) SAP SNP (Supply Network Planning) Oracle ASCP Master (Advanced Planning SCP) Material and Resource planning Supply Chain Planning .
FICO .Infosys 84 .mySAP Product Life Cycle Management (PLM) Package 200 .
PLM Solution Map .
Infosys 86 .SAP Netweaver Package 200 .FICO .
A Roadmap for Web Services .
Services are changing SAP’s Product portfolio .
From Basis to WAS .
Integration is the Key Challenge Business Drivers Document Mgmt Call Center Market Analysis Extended Value Network Increased Market Dynamics Integration costs are high Long integration projects IT environments become increasingly rigid Lots of heterogeneous systems E-sales SCM ERP Pressure on IT increases Must leverage existing investments Must support new business processes quicker Must reduce total cost of ownership (TCO) Trading E-procurement Technical systems PLM .
information. not projects E-sales Increase company performance •Increase ease of use. scalability and adaptability Trading Technical systems PLM E-procurement •Increase business process flexibility by using an Enterprise Services Architecture .How to Address the Integration Challenge Reduce Complexity • Minimize the number of connections through hubs Document Mgmt Call Center Market Analysis •Use only one platform to integrate all people.NET and J2EE interoperability •Deliver adaptors for ISV products •Deliver products. and systems Reduce Cost Integration SCM ERP •Deliver .
which is the basis for all other NetWeaver components .The fundamental Web services standards are supported by the Web Application Server (Web AS).
The integration and application platform for lower TCO Unifies and aligns people. information and business processes Integrates across technologies and organizational boundaries A safe choice with full .NET and J2EE interoperability The Business foundation for SAP and partners Powers business-ready solutions that reduce custom integration It’s Enterprise Services Architecture increases business process flexibility .
View) SAP Mobile Infrastructure SAP Enterprise Portal Business packages Collaboration Tight coupling and alignment with SAP business solutions Product components and SAP NetWeaver killer features People Integration SAP Business information Warehouse Business content Tight integration to Sap Open architecture (Crystal. comprehensive toolsets Leverage existing infrastructure/skillets . Accential ) Composite Application Framework Multi-channel Access Portal Collaboration Life cycle Management Information Integration Bus. scalable. Intelligence Knowledge Mgmt Master Data Management Master Data Management Coming in 2003 Process Integration Integration Broker Business Process Management SAP Exchange Infrastructure Proxy generation and mapping tools Integration directory SAP’s ability to execute Application Platform J2EE ABAP Multi-channel Access SAP Web Application Server Proven.
Business content makes the business foundation .
Infosys 96 .SAP Organizational units Package 200 .FICO .
Business Scenarios – Main Elements .
Organizational Structure in SAP Production Planning Financial Accounting Company Code Plant Controlling Controlling Area Client Human Resources Personnel Area Sales and Distribution Sales Area Materials Management Purchasing Organization .
Company Code .
Organizational Structure Levels
Organizational Structure – Business Functions
Enterprise Structure Technology
SAP Organizational Structure: Cardinality
Client Chart of Accounts
Quiz Time Which is not a part of SAP Business Scenario main Elements Master Data Organizational Unit Transaction Document All the above Answer True or False One Chart of accounts can be assigned to many Company Codes A plant can be assigned to many Company codes .
Quiz Time Elements Master Data Organizational Unit Transaction Document All the above Which is not a part of SAP Business Scenario main Answer True or False One Chart of accounts can be assigned to many Company Codes (True) A plant can be assigned to many Company codes (False) .
Infosys 107 .FICO .Organizational Elements in FICO Package 200 .
Organizational Units in R/3 FI .
Overview: Organizational Elements in Accounting .
Infosys 110 .FICO .Organizational Elements in Logistics Package 200 .
Overview: Organizational Elements in Logistics .
.Quiz Time State True/False Company is obligatory in an organization structure Fill in the blank Unit responsible for procurement of materials/services and negotiating with vendors is called ____________.
Quiz Time State True/False Company is obligatory in an organization structure (False – Company code is obligatory) Fill in the blank Unit responsible for procurement of materials/services and negotiating with vendors is called Purchasing Organization .
Organizational Elements in Sales Package 200 .FICO .Infosys 116 .
________________ and _______________.Quiz Time Fill in the blanks Sales area is a combination of _____________. .
Quiz Time Fill in the blanks Sales area is a combination of Sales Organization. Division and Distribution Channel .
Infosys 125 .FICO .Navigation Package 200 .
Logging on to SAP System Logon pad with different systems .
Adding to favorites Steps to add transaction to favorites Step I: Select the transaction you want to add to favorites Step II: Right click on the transaction you want to add to favorites Step III: Select Add to favorites. .
Infosys 134 .FICO .General Settings Package 200 .
Global Settings (at Variants Country level) Calendar Public Holidays Holiday Calendar Factory Calendar Unit of Measurements Currencies Currency codes Conversions (quotations) Exchange Rate Type Rates Rounding rules .
The Variant Principle .
Define Public Holidays Define Holiday Calendar A combination of a yearly 12-month calendar and a list of all public holidays that fall within a calendar year. It can be created to cover a validity period of several years. Gives an overview of all working days and all days off for a calendar year. Can be defined according to the country or region in which they are to be implemented. and adapted to suit individual business requirements Calendar .
Saturday. Examples: Monday through Friday are working days.Calendar Define Factory Calendar Calendar in which working days are numbered sequentially. Sunday and public holidays are non-working days. The weekdays that are working days must also be specified in this calendar. . Validity period of a factory calendar must be within the validity period of the public holiday calendar. Defined on the basis of a public holiday calendar.
CAUTION: Extra care to be taken for any creation as this global setting can affect the whole system performance Unit of measurement • • • • • . Units of measurement are needed for internal conversions (such as kilogram <-> gram. UOMs are held centrally in the SAP System for all applications. Unit of measurement can be created according to requirements.• • Enables calculations with quantities and physical units. Conversion factors are stored in the system with a unique internal key. but also centimeter <-> inch). The international system of units (SI) is used for this.
You can manage ledgers in two parallel currencies in addition to the local currency .Currencies Legal means of payment in a country.
For example.Currency settings Standard quotation Currency codes SAP maintains about 187 currencies. INR To Yen will 1:100 Rounding rules ensures that the amounts in this currency are always rounded to this unit . that currency to be maintained Can specify direct or indirect quotation. Conversion factors Mention the conversion for currency to currency. If any transaction in a new currency will happen for the organization. System by default will take direct quotes.
This exchange rate type must be entered in the system and you must also enter the exchange rates for this type.Exchange Rate Type is used for different business purposes where multiple rates can be maintained for a pair of currencies The following exchange rate types exist Buying rate (G) Bank selling rate (B) Average rate (M) Historical exchange rate Key date exchange rate Exchange Rate Type Default exchange rate types can be maintained in document types For posting and clearing. . the system uses the exchange rate type M (average rate).
or to check a manually entered exchange rate during posting or clearing. Sales documents and Commitments Exchange rates maintained for a exchange rate type for an effective date between two currencies .Exchange Rate Posting and Clearing Exchange Rate Differences Foreign Currency Valuation Exchange rates in the system for the following purposes To translate amounts posted or cleared in foreign currency. To valuate open items in foreign currency and foreign currency balance sheet accounts as part of the closing operations. To determine gains or losses from exchange rate differences. Valuation of Purchase Documents.
. SAP maintains ___________ number of currencies.Quiz Time Fill in the blank The difference between ____________ and ____________ is called spread.
SAP maintains 187 number of currencies. .Quiz Time Fill in the blank The difference between Buying rate and Selling rate is called spread.
FICO .Thank You! Package 200 .Infosys 146 .
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