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What is the 4 fields of accounting?
In accounting there are four main areas. They are as follows corporate accounting, corporate finance, public accounting and investment banking.
What is electronic accounting?
Electronic accounting is accounting that is not done in physical books, and ledgers that you can touch. Electronic accounting is done using software on a computer, or done online.
What does peachtee accounting software do?
Peachetee accounting software doing for maintaining all types of accounting records.
What are the basic accounting concept and their implication?
basic concepts of accounting
Is the financial accounting standards advisory board the same as the federal accounting standards board?
The Financial Accounting Standards Board (FASB) is a private organization (within the Financial Accounting Foundation) that issues financial accounting and reporting standards for nongovernmental entities.
Which accounting application you prefer most and why?
The payment module because that is how I get paid.
Which R3 module records transactions in the general ledger?
The R3 module that records transactions in the general ledger is the Financial Accounting (FI) module. In SAP R3, the FI module is responsible for managing financial transactions, including accounts payable, accounts receivable, asset accounting, and general ledger accounting. It ensures that all financial transactions are accurately recorded and reported in the general ledger for financial reporting and analysis purposes.
Which module is used for external financial reporting?
The module commonly used for external financial reporting is the Financial Accounting (FI) module in ERP systems like SAP. This module facilitates the management of financial transactions, accounting records, and reporting requirements necessary for compliance with external standards and regulations. It allows organizations to generate financial statements, balance sheets, and profit and loss reports, ensuring accurate and timely reporting to stakeholders.
What is a project accounting?
Project acounting(sometimes referred to as job cost accounting)is the practice of creating financial report specifically designed to track the financial progress of projects,which can then be used by managers to aid project management.
What type of accounting software use in hypermarket?
A Point OF Sale ERP with integrated Inventory & Accounts Modules if needed the full module structure will be given manusemails@gmail.com
What are the different types of modules in SAP?
In SAP, there are various types of modules that cater to different business functions and processes. Some of the commonly known modules in SAP are: SAP FI (Financial Accounting): This module manages financial transactions, general ledger accounting, accounts payable and receivable, asset accounting, and financial reporting. SAP CO (Controlling): The CO module focuses on internal accounting and cost controlling. It includes cost element accounting, cost center accounting, profitability analysis, and product costing. SAP MM (Materials Management): MM module handles procurement and inventory management. It includes functions like purchase order processing, material valuation, vendor management, and inventory control. SAP SD (Sales and Distribution): The SD module manages sales, order processing, pricing, billing, and shipping. It also includes functions related to customer master data and sales reporting. SAP HR (Human Resources): The HR module deals with human resource management, including employee data management, payroll processing, time management, and organizational management. SAP PP (Production Planning): PP module focuses on production planning, including bill of materials, work centers, production orders, and capacity planning. SAP PS (Project System): The PS module is used for project management and planning. It includes functions like project planning, budgeting, resource management, and project tracking. SAP PM (Plant Maintenance): PM module handles maintenance planning, work order management, equipment management, and preventive maintenance. SAP QM (Quality Management): QM module is used for quality control and assurance. It includes functions like quality planning, quality inspection, and quality notifications. These are just a few examples of the many modules available in SAP. Each module is designed to address specific business processes and can be integrated to provide a comprehensive solution for an organization.
Is sap-fica correct or sap-fico correct?
Both of them are correct. They are just different modules. FI-CO is Controlling module FI-CA is a module for running Contract Acoounts. Usuallu used for Utilities in cooperation with IS-U module.
Define 'Accounting' Distinguish between Financial Accounting and Management Accounting?
Define 'Accounting' Distinguish between Financial Accounting and Management Accounting
What are the subfields of accounting?
1. Financial Accounting 2. Cost Accounting 3. Management Accounting 4. Social Accounting 5. Human Resource Accounting 6. National Accounting
Meaning of SAP FICO?
Hi, It is a highly effective SAP ERP module that operates on the ECC concept. Furthermore, the module is divided into two sub-modules, FI and CO. Both sub-modules allow a firm to simply manage its business processes. Furthermore, the FICO module enables a company to easily automate its financial procedures. Furthermore, it simplifies an organization's financial reporting. In other words, utilizing the FICO module may be quite beneficial to a company. Join our SAP FICO Certification Course to learn more about configuring the FICO module. For More Information, Contact at - +91-9711526942
What are the accounting area governing accounting profession?
what are the accounting areas governing accounting profession
What is the 3 golden rules of accounting?
personal accounting nominal accounting real accounting
