sap fico means its fullfoam what? and it is useful for commerce graduates within how many months we can comple
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FI-CO stands for Finance and Controlling.\n\nNever mislead yourself that SAP is a programming language, it is an ERP package. As you might aware that SAP consists of different modules like SD, MM, PP, FI etc it’s up to you to decide which module you are interested in. As a programmer you have to work on various module, but as a functional consultant [involves less in code and more in design, develop, configure and install SAP applications] you can choose particular module.\n\nSAP deals with domain knowledge… so first get the basic information about that and choose your area of interest, initially it may take minimum 2 months to learn the course, to become an expert it may take years. There are many companies around the world implements SAP, salaries are based on experience, hard work and effort.
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LIFO - Last in, first out \nFIFO - First in, first out\n\nLIFO and FIFO are terms commonly used in inventory control, in cost accounting and in computer science. They all stand for literally the same phrases, but it means something different in each application.\n\nIn inventory control, they simply mean how you handle your merchandise. Do you restock the shelves by pushing the old items back to make room for new items of the same kind? Then the last items stocked will be the first items sold, or LIFO. This would be a typical stocking method for items that have no 'sell-by' date associated with them, or at least one that is in the distant future, such as canned good. Perishable items such as milk and eggs are restocked from the back, so that the old items are pushed to the front and are the first selected by shoppers; this is a FIFO restocking method. This is why most convenience stores have walk-in coolers behind their cold displays, so that they can stock from the rear. \n\nObviously, you can handle some merchandise LIFO and some FIFO, depending on what it is and how fast you have to move it.\n\nIn accounting, LIFO and FIFO mean two different ways of setting a value on your existing inventory and calculating your profit. Some retailers stock an individual type of item only once and then when it has sold out, they no longer carry it; ephemeral fads and fashions are examples of stock-once items. So they pay the same price for each unit of that particular item, and have no decision to make when valuing their inventory. Most retailers, however, stock a particular item for some time, replenishing their supply as they run low. The price on the item fluctuates with time, usually going up, alas. So the newest items you purchase may cost more (or less) than the ones you have had for awhile. \n\nOf course you may adjust your selling price on the item, but what does the increase in unit cost do to the value of your existing inventory? If you had to replace it all, you would now have to pay the higher price (or rarely, get to pay the lower price). Is your inventory system sophisticated enough to be able to determine which purchase lot each unit in stock was a part of? If not, you have to select an inventory evaluation method, either FIFO or LIFO.\n\nThe choice between LIFO and FIFO can have a significant effect your P/L (Profit/Loss) statements. It is probably wise to pick a particular method and stick to it so there are not wild fluctuations in your numbers. Also note that some evaluation methods are not allowed for tax purposes. You should obviously not make a decision to use LIFO or FIFO cost accounting and inventory valuation without first consulting with an accountant and/or a tax attorney.\n\nIn computer science - LIFO and FIFO refer to how requests or intermediate results are stored and dealt with. If requests are handled on a first-come-first-served basis, the date store is called a 'queue'. If requests are handled Last-In-First-Out, the structure is called a 'stack'. Different operations require different data handling. The LIFO-FIFO terminology, originating in business and adopted by the computer industry, led to the addition of a third term for data storage; to wit: GIGO. Garbage in, garbage out.
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In my experience with SAP, anything can be done with it...it's not limited to commerce/accounts. Does it involve programming, YES it involves a bit. To customise it to the client's request, some programming needs to be done. Because it interfaces with databases, some database knowledge is needed. What's the pre-requisites for learning SAP, I'd say none. You can go straight into SAP. It will of course be easier if you have things like database and programming.\n\nMy 2 Cents Worth!!!
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If your dream job is CFO or any other finance/accounting related position you may have a problem. I've also seen companies screen FICO ratings if the position includes an expense account or company card.
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Yes, if you qualify as a full time student.
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From your question, i guess it means how do you prepare a manufacturing account. The link below provides a comprehensive guideline.
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Good idea. You should check the Oracle and SAP sites for more information about education. \n\nExample on the SAP Site\n\nSAP Partner Categories: Education Partners\n\nSAP's education partners support the development and delivery of customized end-to-end solutions by delivering the right education to the right users at the right time -- anywhere around the globe. Through their commitment to SAP, our education partners ensure that customers get maximum benefit from their SAP solutions.\n\nSAP education partners:\n\n    * Support local strategy and objectives\n    * Add value to or fill a gap in SAP's delivery capability\n    * Add depth, breadth, or flexibility to SAP's solution capability\n    * Bring significant benefit to SAP and our partners\n    * Meet customer needs\n\nCompanies can become education partners in these three areas:\n\n    * Education delivery partner -- These partners provide local, multi-country, or alternative delivery capability in their area of SAP expertise. They must meet SAP's criteria for competence and quality. They also must have the necessary infrastructure to deliver and support SAP instructor-led classes.\n    * End-user performance support partner -- These partners sell and deliver end-user training and performance support solutions to SAP customers. They must meet SAP's criteria for competence and quality, and they must be recognized as market and thought leaders in end-user education. These partners must also have the necessary financial and human resources to meet customers' needs and to maximize business opportunities.\n    * Specialist expertise partner -- These partners strengthen SAP's education solution and competitive advantage by providing specialist services or products in their area of expertise -- for example, e-learning, content development, or human performance improvement. They are recognized as market leaders and work collaboratively with SAP to provide best-of-breed products, tools, methodologies, and services. They must have the appropriate infrastructure and SAP expertise to support their activities.\n\nPartnership Levels\n\nEducation partnerships are available at the following levels:\n\n    * SAP Alliance Partner - Education -- These are local or multi-country education delivery and end-user performance support partners. Recognized as leaders in their fields, they have a proven track record as SAP education partners, and have made considerable investments in joint market development.\n    * SAP Partner - Education -- This partnership level recognizes companies that collaborate with SAP as local or multi-country product or service providers.\n\nFor more information about participation, see SAP Partner Membership Levels.\n\nWant to learn more? Contact SAP for more information.
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Hi Nagendra,\n\nI can understand the boom of SAP over India, but one thing what you have to know is SAP is for those who already might have gained the experiance in purticular domain, that is the reason why recruiters won't encourage freshers. Since you are at final year, i suggest you to concentrate on campus selection instead of getting into SAP, if you are despirate to get into this then make sure atleast you have 2yrs gap after completing the engg.  All the best.
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c=cost (for documents, export permission, ...)\nf= freight\n(other shortcuts could be insurance asf.)\n\nProbably it's meant that the price of the goods offered would be 5% higher if cost&freight were included.
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Perhaps they mean the ledgers or the account books that you actually use to keep a running total of income and expenditure... If so, you need to describe how and why they are used and include some example pages from account books themselves.... Check with tutor or teacher just to make sure.
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FIFO, LIFO, and Average Cost generally refer to merchandise, especially food inventory. I'm not sure it really applies to stocks.
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wht i feel is in india there is no much scope for SAP.... if u work outside country... it ll be very useful and i m sure it ll b worth for wht u spent money n ur precious time
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It covers all the Customizing activities relating to Country Version India (CIN), in all applications. It also covers the maintenance of excise master data.\n\nFor details please reffer to http://help.sap.com
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Month 1. It means it is not taxed on an accumulative base ...usually used as an emergency code while they wait for Inland Revenue to send actual code but not sure in your case. There must be a reason why you are not going onto accumulative and it is probably because you don't have a P45 from last job (?) ... or do you have a second job? If not, then once you get that information, then you will go onto accumulative and get a refund.\n\nOK, so because you have another job, they need to tax you on both incomes. Now because you get a certain amount of allowances each year, usually they work on an accumulative basis so that they can estimate what your total income for the year will be. It's more difficult when you have two incomes, so instead they set a standard rate of tax on the second job, which will always be the same (if the pay in the second job stays the same) and at the end of the year they will add them together, apply the allowances and then most likely send you a refund after 6th April 2007 if one is due (most likely). \n\nHope that helps?
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What timeframe are you interested in trading it?  Long term (> 3 mo) or shorter term?\n\nBTW, BSC is in a strong sector which just broke out again last week.  GS is one of the leaders in the sector and went from 184 to over 199 in about a week.\n\nI'll add more later once I get a better feel what you're looking for.\n\nNov 21, 2006
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Please go through this notes to have your doubt cleared....\n\nhttp://www.futureaccountant.com/partnership-accounts/study-notes/\n\nhttp://www.futureaccountant.com/\nhttp://www.schoolingkids.com/
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Hi Vicky,\n\nSince you are already know about SAP there is nothing much to say about functional side, make sure to get a good domain knowledge before applying for a job. As you might aware that SAP deals with real time data, companies won't encourage freshers, if you have a campus selection then you are lucky and concentarte more on that.