In the accounting field, what does SAP stand for ?
Answer:
http://www.naic.org/education_course_sap.
Statutory Accounting Principles.
or the ERP software:
SAP Introduction
SAP means Systemanalyse und Programmentwicklung. This is german for System analysis and program development.
The name was later changed into Systeme, Anwendungen und Produkte in der Datenverarbeitung: Systems, application and products in the data processing.
The company is specialized in large application supporting large corporations.
SAP is well known for its ERP solution R/3. The modularity of the product allows a certain fexibility in the implementation and use.
The major components within R/3 are
Financial system (FI-Co)
Project system (PS)
Logistic system (LO)
Human ressource (HR)
Customer Relation Management (CRM)
Developpment system (ABAP)
The major components outside R/3 are :
Netweaver
SAP Business Warehouse (BW) and Strategic Entreprise Management (SEM)
xApps
Others
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The products mentioned here are the trademark(s) or registered trademark(s) of SAP AG in Germany and in several other countries.”
SAP is an enterprise accounting software solution
SAP is an Enterprise Resource Planning software, similar systems are Oracle, PeopleSoft, Lawson. If a job description asks for SAP experience and you have experience with another ERP but not SAP, then emphasize what you do have, they will recognize the value of that as being much higher than someone who has no similar experience.
SAP stands for Standard Accounting Practices. These are codes usually set by a national institute of accountants to be followed by all business units, in particular by the corporations, enforced by the stock exchanges for listing of stocks. The aim is to ensure that the published results by different corporations/business units are reasonably comparable and informative, in addition to being absolutely in conformity with the basic principles of accounting. The auditors are specifically required to comment compliance vis-a-vis these codes. The beneficiary is the entire community of stakeholders.
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