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According to SAP, PI reduces the TCO by providing a common repository for interfaces. The central component of SAP PI is the SAP Integration Server, which facilitates interaction between diverse operating systems and applications across internal and external networked computer systems. PI is built upon the SAP Web Application Server.
SAP Cost Center Accounting (CCA) SAP Convergent Charging (CC) SAP Converged Cloud; SAP Data Warehouse Cloud (DWC) SAP Design Studio; SAP PRD2(P2) SAP Enterprise Buyer Professional (EBP) SAP Enterprise Learning; SAP Portal (EP) SAP Exchange Infrastructure (XI) (From release 7.0 onwards, SAP XI has been renamed as SAP Process Integration (SAP PI ...
FIFO and LIFO accounting are methods used in managing inventory and financial matters involving the amount of money a company has to have tied up within inventory of produced goods, raw materials, parts, components, or feedstocks. They are used to manage assumptions of costs related to inventory, stock repurchases (if purchased at different ...
Currency analytics allow companies to mitigate cash flow risk by uncovering accounting exposures to match the economic exposures so the company can hedge the accounting exposure as a proxy. Currency analytics enable "what/if" scenario analysis so companies can model how volatility in particular currencies could impact their revenue and expenses ...
Transactions are often translated at the spot rate, i.e., the rate of exchange between the transaction currency and the functional currency on the date of the transaction. Example: Jim is traveling on business and pays a hotel bill for SFR 200. Jim's home currency is the GBP. On the date Jim pays the bill, the exchange rate is SFR2 = GBP 1.
SAP R/3 is the former name of the enterprise resource planning software produced by the German corporation SAP AG (now SAP SE).It is an enterprise-wide information system designed to coordinate all the resources, information, and activities needed to complete business processes such as order fulfillment, billing, human resource management, and production planning.
NAST is a technique in SAP-Systems to create messages. Messages can be printed, sent or transferred into IDocs. SAP uses this for many applications e.g. Purchase Orders (PO ). The PO can create a message which might be printed, sent by FAX, or translated into an IDoc of type ORDERS. The IDoc ORDERS can be forwarded in an B2B-process to a vendor.
Management accounting is an applied discipline used in various industries. The specific functions and principles followed can vary based on the industry. Management accounting principles in banking are specialized but do have some common fundamental concepts used whether the industry is manufacturing-based or service-oriented.