In Simple Finance, Management accounting deals with Controlling and Enterprise Controlling modules. Financial Accounting deals with G/L Account Master – Chart of Account, Company Code; however, Management Accounting includes Cost Elements under Controlling Area. Following figure brings out the different between Management Accounting and Financial Accounting. Technical Changes with SAP Read more…
In SAP Simple Finance, you can use multiple ledgers in parallel. Ledgers are used to generate different financial statements as per accounting principles. Ledgers are defined in Customizing for Financial Accounting New. To create a ledger, navigate to Financial Accounting (New) → Financial Accounting Global Settings (New) → Ledgers → Read more…
Project Manager Organising and controlling a project means that we need to have someone responsible for doing the organising and controlling. This person is called the Project Manager. The Project Manager will select people to do the work on the project and will be responsible for making sure the work Read more…
PRINCE2 (PRojects IN Controlled Environments) is a process-based method for effective project management. PRINCE2 is a de facto standard used extensively by the UK Government and is widely recognised and used in the private sector, both in the UK and internationally. Before we go into the specifics of PRINCE2, there Read more…