SAP Simple Finance – Management Accounting

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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 Simple Finance Actual data of […]

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SAP Simple Finance – Ledger Management

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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 → Ledger. When a ledger is […]

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PRINCE2 Project Management Roles

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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 is done properly and on […]

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