The document discusses the finance module of an ERP system. It describes finance as the management of money and assets. The finance module handles financial accounting, general ledger, accounts receivables, accounts payable, asset accounting, legal consolidation, and controlling. It integrates these functions to manage payments, financial reports, credit data, and analyze costs and profits across the organization. The module standardizes processes and provides real-time data visibility for improved decision making.
What is an ERP system? This guide explains what an ERP system is and how it works for your business.
Two primary concerns of any business are efficiency and profitability. This is basically what an ERP system is designed to optimize.
An ERP system allows you to perform the necessary money-making processes of your business as efficiently as possible.
To achieve a level of efficiency and profitability, a business aims to maximize it’s bottom line while keeping overhead costs low.
An ERP system provides a business with management software that fosters productivity.
The term “ERP” stands for Enterprise Resource Planning.
Basically, an ERP system is a shared database that reflects the moving parts of a company. This provides a much broader, top-down perspective of your business.
Installing an ERP system will grant you a much fuller picture of what is actually going on, in any given period of time.
Some processes in which you can gain some business insights include: sales, human resources, inventory, purchasing, finances, online ordering and many more buckets.
The main objective of an ERP system is to improve how your business resources are spent, and that means money and time. By taking a wide-view, and analyzing every aspect of your business, you will be able to decide if you are properly deploying your resources in a way that will drive maximum profitability.
What is an ERP system? This guide explains what an ERP system is and how it works for your business.
Two primary concerns of any business are efficiency and profitability. This is basically what an ERP system is designed to optimize.
An ERP system allows you to perform the necessary money-making processes of your business as efficiently as possible.
To achieve a level of efficiency and profitability, a business aims to maximize it’s bottom line while keeping overhead costs low.
An ERP system provides a business with management software that fosters productivity.
The term “ERP” stands for Enterprise Resource Planning.
Basically, an ERP system is a shared database that reflects the moving parts of a company. This provides a much broader, top-down perspective of your business.
Installing an ERP system will grant you a much fuller picture of what is actually going on, in any given period of time.
Some processes in which you can gain some business insights include: sales, human resources, inventory, purchasing, finances, online ordering and many more buckets.
The main objective of an ERP system is to improve how your business resources are spent, and that means money and time. By taking a wide-view, and analyzing every aspect of your business, you will be able to decide if you are properly deploying your resources in a way that will drive maximum profitability.
Enterprise resource planning (ERP) is business management software that allows an organization to use a system of integrated applications to manage the business.
Lighthouse ERP modules, is the best erp modules in india for Quality Management, Production & Material Management is designed to handle complete needs in most effective & accurate way.
visit:-https://www.lighthouseindia.com/
tel:+918600666106
mailto:mktg@lighthouseindia.com
ERP software is good for reconciling financials, creating sales forecasts, maintaining order volumes and increasing customer satisfaction. Yes, it can be done using 4-5 different platforms, but managing the data in one place is easier than in several places.
This presentation covers the basic modules of Financial accouting of SAP FICO module.This is for presentation purpose and doesn't serve as a full fledged presentation on SAP FI
Accounting Information System. (AIS)
Data and information
What Is AIS
History Of AIS
Component
Model Of AIS
Steps In AIS
Objective Purpose and Use of AIS
If you’re looking to implement an ERP solution for your enterprise, it’s important that you know the various points of impact in advance. For more details about ERP Solutions visit: http://www.skylinecollege.com/
FRIENDSHIP is a network
that needs:
no recharge!
no charging!
No roaming!
no validity!
no activation!
no signal problems!
just don't switch off your HEART !
Enterprise Resource Planning
Enterprise resource planning (ERP) is business management software that allows an organization to use a system of integrated applications to manage the business.
Lighthouse ERP modules, is the best erp modules in india for Quality Management, Production & Material Management is designed to handle complete needs in most effective & accurate way.
visit:-https://www.lighthouseindia.com/
tel:+918600666106
mailto:mktg@lighthouseindia.com
ERP software is good for reconciling financials, creating sales forecasts, maintaining order volumes and increasing customer satisfaction. Yes, it can be done using 4-5 different platforms, but managing the data in one place is easier than in several places.
This presentation covers the basic modules of Financial accouting of SAP FICO module.This is for presentation purpose and doesn't serve as a full fledged presentation on SAP FI
Accounting Information System. (AIS)
Data and information
What Is AIS
History Of AIS
Component
Model Of AIS
Steps In AIS
Objective Purpose and Use of AIS
If you’re looking to implement an ERP solution for your enterprise, it’s important that you know the various points of impact in advance. For more details about ERP Solutions visit: http://www.skylinecollege.com/
FRIENDSHIP is a network
that needs:
no recharge!
no charging!
No roaming!
no validity!
no activation!
no signal problems!
just don't switch off your HEART !
Enterprise Resource Planning
The finance department is responsible for managing the company’s financial risks, financial planning and financial reporting. But is it in control? Does it have full control over your financial processes? Complete control over data feeds? Intelligent control on reporting?
Businesses need to ensure accurate and consistent financial close on time, every time. The best-in-class automation solution frees up time and resources to devote to more financial analysis, and reduces the overall stress on your finance department.
SYSPHERA for MicroStrategy Financial Consolidation v.28JAN2014 - enAntonio Dutra Jr.
SYSPHERA fully integrates its solution with the MicroStrategy BI platform in a transparent way for the end-users. This complements and extends the capability of the BI MicroStrategy Platform, providing business users appropriate administration of their Planning, Budgeting, Forecasting & Consolidation processes, allowing the creation of scenarios and simulations. The fact that the consolidation is usually done manually with the use of Excel makes it difficult to reflect changes in organizational structure without a huge workload.The acquisitions, as well as the management of rounded and distributed in various places in the financial documents, often represents a major nuisance when reviewing the consistency of the figures. The ability to get a consolidated view of businesses from the standpoint of BI + CPM, allows customers to analyze critical information, considering the performance achieved and the various options for future scenarios and their impacts on the balance sheet, income statement and cash flow in order to find a strong base for the decision making process.
Microsoft Dynamics 365 Business Central Capability GuideDynamics Square
Microsoft Dynamics 365 Business Central Capability Guide, Get in Touch for Business Central Pricing, Demo & Implementation: https://www.dynamicssquare.com.au/business-central-implementation/
11/2/2019 Print
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LearningObjectives
After studying Chapter 1, you will be able to:
Distinguish between �inancial accounting and managerial accounting.
Recognize the primary roles and ethical responsibilities of the management accountant.
De�ine, distinguish, and illustrate key cost concepts.
Understand the differences in cost �lows among service, merchandising, and
manufacturing enterprises.
Distinguish between the behavior of variable and �ixed costs and formulate cost
functions.
Understand cost terms relating to planning and control.
1 Managerial Accounting and Cost Concepts
DragonImages/iStock/Thinkstock
11/2/2019 Print
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Introduce the concept of contribution margin and its variations.
TheController’sWorkDay:WhereDidtheTimeGo?
It’s early October. Mary Rosen, Controller of Herschel Software Products, has just arrived at her
of�ice at about 7:30 a.m. She scans her email messages, checks her electronic calendar, and looks
through her in-basket. She says, “Wow, another ‘normal’ day!” She wonders if she’ll make her
tennis date with her husband at 6 p.m. Her calendar shows:
9:00 Meet with division head of Customer Support to discuss next year’s budget numbers.
Review preliminary budget numbers before meeting.
10:00 Meet with accounting systems analysts to discuss status of a project to improve the �irm’s
monthly management “plan versus actual” reporting system.
11:30 Hold a quick session with Marketing Vice-President, Gary Martin, to discuss pricing
negotiations with new customer.
12:15 Have working lunch with corporate attorney to discuss customer contract wording for a
new product being introduced early next year.
2:00 With budget manager, review September’s actual results and budget comparisons and
identify problem areas. Also, review third quarter results before her presentation to the
President at Friday’s staff meeting.
4:00 Review a special cost-volume-pro�it study of Herschel Software Products, relative to the
�irm’s strategic plan’s pro�itability goals.
Mary also knows that she needs to:
Respond to four email questions about product costs and operating expenses.
Talk to Steve Simcha, New Product Development Vice-President, about a serious cost-
overrun problem with a new product project.
Prepare a presentation on cash �lows for the �irm’s strategic planning meeting next
month.
Write a memo supporting the spending of $100,000 by the Marketing Vice-President on
media contracts.
Every meeting, discussion, and decision that Mary has today, and every day, uses accounting
information. She must generate relevant data in the right form and at the right time. She and her
fellow managers must understand cost behavior, cost/b ...
Obtain ideas for the best ERP tools in an ERP system.pdfJose thomas
Axolon ERP solutions Dubai has become an important element of enterprise resource management because it reduces employee workload while increasing productivity. Workflow is a process that has been designed to make each and every business task faster and more efficient.
At the Federal Home Loan Bank (FHLB) of Dallas, regulatory reporting used to take weeks. Now it’s done in minutes. In this deck learn how the bank’s accounting team is using Workday Accounting Center and Workday Prism Analytics to gain insight into data—dramatically improving confidence in the organization’s financial information.
View related videos:
The Future of Finance with Workday https://www.youtube.com/watch?v=r_yiv4C6kk8
#wdaychats: Insights for the Changing World of Finance https://www.youtube.com/watch?v=O7Dl-bRFG1Y
James thies resume senior financial analyst-12James Thies
Resume of a Finance Professional with Advanced Toastmasters skills and awards (public speaking, presentations and communication skills), military veteran (leadership, logistics, planning, execution), with strong MS Office Skills (Excel, Word, PowerPoint, Access) and systems skills including SAP and Oracle.
SAP FI module where it provide over all idea about FI module.
Welcome to the
presentation. This comprehensive overview will
provide a deep dive into the functionalities and benefits of SAP Finance. We will explore key features, processes, and best practices.
Financial accounting in SAP (Systems, Applications, and Products) is a comprehensive module designed to manage and record financial transactions within an organization.
SAP’s Financial Accounting (FI) module is a key component of the SAP ERP system, providing a robust solution for financial reporting and compliance.
Financial Accounting in SAP is a comprehensive solution that enables organizations to effectively manage their financial processes, ensuring accuracy, compliance, and real-time visibility into financial performance.
Make Intelligent Decisions that Drive Business Value
Improving profitability is one of the highest priorities for business managers. The challenge is to identify and analyze profit-making activities by specific dimensions such as customers, products, channels, segments, and business units. Accurate data helps drive continuous profit improvement initiatives by helping businesses understand where and how to improve profitability.
The results can be staggering. Companies that leverage cost analytics
to focus on cost reduction can experience reductions of 3–5%, while those that focus on profitable growth and revenue initiatives can achieve 5–15% improvements. For example, a $4 billion financial services
firm added $600 million in annual profit enhancement by focusing on profitable growth and revenue rather than cost containment.
Longview Profitability Analytics leverages your company’s data to provide powerful insight into revenues, business costs, margins, and operations to help you develop profitable action plans.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
2. WHAT IS ERP?
Enterprise Resource Planning
ERP programs are core software used by
companies to coordinate information in every area
of the business
ERP programs help to manage company-wide
business processes, using a common database
and shared management reporting tools.
4. WHAT IS FINANCE?
The management of large amounts of
money, especially by governments or large
companies.
The science of the management of money and
other assets.
The management of
money, banking, investments, and credit.
The supplying of funds or capital.
5. Legal requirements
Customer and job HR
information, payroll
Payments and benefit expense
data
Invoices and Hiring needs and
credit memos personnel
information
A/F
Sales data and
manufacturing Cost/profit
cost analysis analysis
Sales order
Production
data
SCM plans, materials, a M/S
nd inventory data
6. WHAT ARE THE I/O ?
Input for A/F include:
Payments from customers
Account receivable data
Account payable data
Sales data
Production and inventory data
Payroll and expense data
Output for A/F include:
Payments to suppliers
Financial reports
Customer credit data
7. FINANCE
Finance is the study of how investors allocate their
assets over time under conditions of certainty and
uncertainty.
Finance measures the risks vs. profits and gives an
indication of whether the investment is good or not.
Finance can be broken into three different sub
categories:
public finance
corporate finance
personal finance
8. PERSONAL FINANCE
Personal finance refers to the financial decisions which
an individual or a family unit is required to make to
obtain, budget, save, and spend monetary resources
over time, taking into account various financial risks and
future life events.
Debit card
Employment contract
Commission
Employee stock option
Health insurance
Pay check
Salary
Insurance
Retirement plan
9. CORPORATE FINANCE
Corporate finance is the area of finance dealing
with monetary decisions that business enterprises
make and the tools and analysis used to make
these decisions.
The primary goal of corporate finance is to
maximize shareholder value.
Balance sheet analysis
Financial ratio
Business plan
10. PUBLIC FINANCE
Public finance is the study of the role of the government
in the economy.
The purview of public finance is considered to be
threefold: governmental effects on
efficient allocation of resources,
distribution of income
macroeconomic stabilization
Central bank
Tax
Industrial policy
11. THE FINANCE MODULE OF MOST ERP SYSTEMS
WILL HAVE THE FOLLOWING SUB SYSTEMS
12. 1. FINANCIAL ACCOUNTING
for company wide control and integration of
financial information that is essential to strategic
decision making.
It provides ability to centrally track financial
accounting within an international framework of
multiple companies, languages, currencies and
charts of accounts.
14. 2. GENERAL LEDGER
The GL is essential both to financial accounting
system and to strategic decision making.
The GL supports all the functions needed in a
financial accounting system.
This includes flexible structuring of the chart of
accounts at group and company level, distributed
application scenarios, real time simultaneous
update of sub ledgers and the GL, elimination of
time consuming, and parallel views of data in both
GL and managerial accounting applications.
17. 3. ACCOUNTS RECEIVABLES
records all account postings generated as a result
of Customer sales activity.
These postings are automatically updated in the
General Ledger .
The Accounts Receivable Module also integrates
with the General ledger, Sales and Distribution, and
Cash Management Modules.
19. 4.ACCOUNT PAYABLE
records account postings generated as a result of
Vendor purchasing activity.
Automatic postings are generated in the General
Ledger as well.
Payment programs within SAP enables the
payment of payable documents by
check, EDI(Electronic Data Interchange), or
transfers.
20. 5. ASSET ACCOUNTING
for company’s fixed assets management.
It is sub ledger to GL, providing detailed information
on asset related transactions.
SAP allows you to categorize assets and to set
values for depreciation calculations in each asset
class.
Asset accounting also provides integration with
plant maintenance for management of machinery
and equipment, management of leased assets and
assets under construction, and interactive reporting
21. 6. LEGAL CONSOLIDATION
Using different valuation methods , company can
plan balance sheet strategies to suit its
requirements.
The sub system is closely linked to the financial
accounting system, permitting direct data transfer
from individual statements into the consolidated
statements required by the law
These statements provide an overview of the
financial position of the company as a whole
22. 7. CONTROLLING
controlling system gathers the functions required for
effective internal cost accounting.
It offers a versatile information system with
standard reports and analysis path for the most
common questions.
In addition there are features for creating custom
reports to supplement standard reports
23. SAP ERP FINANCIAL BUSINESS BENEFITS
Improve financial and managerial reporting:
SAP ERP Financials gives you the flexibility to report
performance by business unit, organization, or cost
center.
Improve corporate performance:
SAP ERP Financials provides the foundation to quickly
read, evaluate, and respond to changing business
conditions with accurate, reconciled and timely financial
data.
Achieve faster closes:
With SAP ERP Financials, you can streamline
accounting, consolidation, process
scheduling, workflow, and collaboration.
24. SAP ERP FINANCIAL BUSINESS BENEFITS
Improve corporate governance and transparency:
SAP ERP Financials provides broader support of accounting
standards, federal regulations, and improved administration of
internal controls.
Improve cash flow and liquidity:
SAP ERP Financials automates dispute, credit, and
collections management – and offers electronic invoicing and
payment capabilities that supplement traditional accounts
receivable and accounts payable functions to accelerate and
manage cash flow.
Optimize global cash management:
With SAP ERP Financials, you can report, analyze, and
allocate cash in real time, and establish in-house banks or
payment center.
25. SAP ERP FINANCIAL BUSINESS BENEFITS
Improve process integration between finance
and treasury:
With SAP ERP Financials, you can integrate risk and
treasury transactions with core accounting and financial
reporting processes.
Reduce overall finance costs:
SAP ERP Financials helps you operate effective
shared-services, collaborate with customers or
suppliers, and streamline operations to reduce costs
and resource demands.
27. INVESTMENT OPPORTUNITIES
Investment can be done by:-
Creating physical assets with the money (such as
development of land, acquiring commercial
assets, etc.),
Carrying on business activities (like
manufacturing, trading, etc.), and
Acquiring financial securities (such as
shares, bonds, units of mutual funds, etc.).
28. PROFITABLE OPPORTUNITIES
In Finance, Profitable opportunities are considered
as an important aspiration (goal).
Profitable opportunities signify that the firm must
utilize its available resources most efficiently under
the conditions of cut-throat competitive markets
Profitable opportunities shall be a vision. It shall not
result in short-term profits at the expense of long-
term gains.
29. OPTIMAL MIX OF FUNDS
Finance is concerned with the best optimal mix of
funds in order to obtain the desired and determined
results respectively.
Primarily, funds are of two types, namely,
Owned funds (Promoter Contribution, Equity
shares, etc.), and
Borrowed funds (Bank Loan, Bank
overdraft, Debentures, etc).
30. SYSTEM OF INTERNAL CONTROLS
Finance is concerned with internal controls
maintained in the organisation or workplace.
Internal controls are set of rules and regulations
framed at the inception stage of the
organisation, and they are altered as per the
requirement of its business.
However, these rules and regulations are monitored
at various intervals to accomplish the same which
have been consistently followed
31. FUTURE DECISION MAKING
Finance is concerned with the future decision of the
organisation.
A "Good Finance” is an indicator of growth and
good returns. This is possible only with the good
analytical decision of the organisation.
However, the decision shall be framed by giving
more emphasis on the present and future
perspective (economic conditions) respectively.