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How Do You Prepare A Balance Sheet Through SAP?

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Akshay Kalbag answered
To prepare a balance sheet through SAP R/3, you have to first learn how to use the Profit Centre Accounting instrument, which is one of the most comprehensive used in the field of financial controlling. SAP R/3 is one of the most versatile instruments and offers the users complete software solutions which are based on skills and the complete understanding of all the industries.

The SAP R/3 module is divided into four units. The first of the four units in the SAP R/3 accounting module deals with the introduction to such concepts as Profit Centre Accounting (which is abbreviated as PCA), SAP R/3 organisation structures, profitability reports, et cetera. The second of the four units in the SAP R/3 accounting module deals with the transfer of costs into the Profit Centre Invoice.

The third of the four units in the SAP R/3 accounting module deals with the transfer of revenues to the Profit Centre Invoice. The fourth and last of the four units in the SAP R/3 accounting module deals with the process of financial reporting, which actually involves the process of preparing the balance sheet and the finalisation of the accounts.

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