Hi everyone, a very warm welcome to SkillShot. Today we are going to discuss a very important topic, that is SAP. If you have not subscribed to our channel yet, then subscribe and press the bell icon to get the first video.
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So let's talk about SAP. Do you want to get a job in a multinational company? So SAP is very important for you to learn.
Many people ask me this question, that ma'am, what is SAP? Because many people don't know. And those who know, they keep saying SAP, not SAP.
So see, this is not SAP, this is SAP. Because this is a full form. What is the full form?
If I say, then the full form of system application and products is SAP. So why is SAP required for you? Because SAP is an accounting software which is used a lot in multinational companies. So SAP is a bit complex as compared to Tally, Busy. So by learning this, you can easily secure your position in a multinational company.
So if you are focusing on getting a job in a multinational company, then SAP is your key to success. So, I have already told you what SAP is. It is an accounting software. Where is the accounting software being used?
It is being used in big companies. Why is it being used in big companies? Because it is capable of handling a lot of business processes together. So, a lot of multinational companies have a lot of business environment which SAP fulfills. So, SAP has different modules.
business ke process aur function ko solve karne mein madat karta hai. To sabse pehle, agar mai SAP module ki baat karna hu, to SAP mein FI module hai. FI module stand karta hai finance ke liye.
Finance ke liye matlab financial accounting aur reporting karne mein ye madat karta hai. Doosra module mein baat karna hu, to CEO hai, that is controlling. Controlling hai. managing cost and revenue.
That means whatever cost or revenue is there, it helps in managing it. Next is material management. How will we procure material?
How will we manage? How will we evaluate the vendor? All this vendor management is done through material management.
And in sales and distribution, order management, pricing, delivery terms, billing, all that is sales and distribution that is SD module. in the module. Since it is a big organization, there will be a lot of employees. So HR, HR module is also given in which personal administration, payroll, time management, accounting management, all these things are done. Quality management, quality inspection, all this will be seen in the QM module.
Warehouse management, customer relationship management is also a module in which the Data management, lead management, all these things are there. Supplier relationship management is also a module. So we have so many modules.
And this module is also integrated in the company. So why is there a requirement for so many modules? Because it is a big business. There are many requirements in a big business. Only this requirement is that we have to manage finance, material or sales.
We have to manage employees too. We have to maintain a relationship with the customer. So, all these things are integrated in a software.
So, all these things will be available in SAP. But in this video, we are going to talk about SAP FICO. FICO means, we will talk about our finance and controlling module.
First of all, you should know why FICO module? What is the role of finance department? If I talk about finance department, then their role is how we can record accounting entry, how we can prepare financial statement and make financial report so that we can give to government and auditor. So, all these roles are of finance department.
So, what does SAP FICO do? All these roles It also helps in financial reporting, financial transaction recording, financial statement making. That work is done by SAP FI module. FI stands for Finance Related, which is for external users to make financial statement or for internal users to make financial statement. And CO is controlling, how much cost center is there, what is the cost allocation, all those responsibilities are of CO module.
I told you that FI is relating finance to CEO module and controlling to CEO module. cost to evaluate, where the cost is more, where to increase efficiency, all that is the responsibility of the CO module. Now, the FIs module has sub-modules in it, in which we record transactions. So, what is this?
If I talk about sub-modules in this, then the first thing that comes to mind is accounts table ki. Jo jitna bhi vendor, matlab supplier related jo transaction hai usko record karta hai. Jase hum purchase kar rahe hain, supplier say, supplier ko payment kar rahe hain to wo accounts payable mein record hota hai. Aur accounts receivable ek sub module hai jisme aap jitna bhi customer related transaction hai. Customer ko billing karna, uske account ko manage karna, usse payment receive karna, wo saara accounts receivable sub module ki zimedari hai.
Aur agar hum asset ki baat kare, to asset jo depreciation related entry procurement of asset related entry that is in asset module and bank related any entity how to configure bank what banks will be to enter that will be in bank module in sub module so these four sub modules are integrated from one module that is GL so GL is general ledger in which all modules sick. like accounts payable, accounts receivable, assets, banks the summary of this goes to GL all the balances go to GL why? GL helps us in making financial statements in making trial balance PL so GL is GL can be summarized all the summary of all the modules Asset or bank's summary or balance will go to GL and we will make financial statement, trial balance, PL balance etc. And what transactions can happen in GL?
Transactions that are not related to APAR or asset or bank can be made. Like reversal entry or adjustment entry can be passed in GL. So you understood that SAP, what are the modules in TICO, what is the work of TICO? Now, what role can you play in TICO?
You can work as a consultant. But a consultant doesn't become a person instantly. For a consultant, you need a little experience of the end user. Now, what is a consultant? He configures the SAP system.
Configure means how the configuration will be in SAP. What are the requirements of the business? that's how we are trying to What will we do? We will configure. That is the job of a consultant.
So what will the end user do? The system that has been configured, who will do the day-to-day transaction? The end user will do it. The day-to-day transaction is required for us. So first of all, as an end user, you will have a job somewhere.
After that, you will become a consultant after a few years. So if you want to go to a multinational company, if you want to start your journey in SAP, Be me. So, for you, learning SAP is very relevant.
First of all, I would recommend those who have worked for 2-3 years or more than 1 year, they should learn this software and then target it in MNC. Look, only SAP is not required for MNC, only SAP is not important. If your communication skills are good, your accounting skills are good, your background, academic background is good, then it is quite possible to get into MNC.
Oh- Plus, if you know advanced Excel, then you are lucky to get gold. Thank you so much, guys. Hope this video was very relevant for you. Do let us know by commenting. It is very helpful.
Thank you.