Demystifying SAP Material Types: What They Are and Why They Matter..
Categories Materials Management SAP ERP
What is a Material Type? A material type in SAP is a classification that defines how materials are…
Important about Financial statements
Categories Finance and Controlling SAP ERP
The financial statements consist of the income statement, balance sheet, and cash flow statement. These three reports provide…
What are Assets and Types of Assets?
Categories Corporate Finance Finance
Importance of Asset Classification A business must classify assets. A company's net working capital depends on its current…
Double Entry System of Accounting
Categories Corporate Finance Finance
All around the world, this is the standard procedure for maintaining financial records. In the method of accounting…
General Ledgers and Chart of accounts (COA)
Categories Finance and Controlling SAP ERP
A company's chart of accounts (COA) is a list of all the financial accounts in the company's general…