Managerial Accounting
Omid Ashrafi
December 12, 2014
City University of Seattle
Abstract
This paper emphasize on technology tools and their effects on managerial accounting. It is clarifying Systems, Applications & Products in Data Processing (SAP) which is using by many companies in these days to manage supply chain procedures and managerial accounting. Lately, it will talk about SAP features, SAP and the value of financial staff, technology effects, and trends. Managerial Accounting and Technology
Introduction
Today, managers are using traditional and new tools to manage operational and strategic functions. They need information to control internal procedure in the company. The new software such as SAP, Oracle, People soft,
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It can manage and control the procedures in different organizations and departments like supply chain and finance. In 1972, five entrepreneurs started to work on their vision for business technology. They started with one customer but after 42 years of experience it has more than 63,000 customers in all around the world. SAP is coming from Enterprise Resources Planning (ERP) software which is the basic software to controls whole organizations and different departments (SAP Website, 2014)
SAP Features
SAP has many abilities to manage operational works in different departments. According to Tegruse consulting (2014) accounting and finance are the first ability for SAP. It can manage budget and control accounts receivable and payable for the accountant departments. Second, sales and customer support management. It is a connection between customer and company, and also SAP can provide better quality of services to customers. Third, it can manage supply chain procedures to provide the right goods in the right time for the company. Fifth, inventory and distribution are another features of SAP because it can manage inventory and across multiple warehouse and location, and finally reporting and administration which is related to distribute reports. Therefore, SAP connected all departments and organization inside the companies, and
This process reduced not just customer’s satisfaction but also profit; there is a need for a financial information management to integrate all their business processes. SAP (System Applications Program) was introduced to the company to ensure efficient communication among the different modules of the business process.
The case shows the implementation of SAP ERP solution in NIBCO, a manufacturer of pipe and fittings, a mid-size manufacturer with about 3,000 employees and revenue over 460 million USD. The company
The IT staffs were certain that the existing SAP software will provide all necessary computer support. They believed that even if the SAP would not fit their business processes precisely, it may be an investment that provides greater long-term flexibility and better solutions to the company’s problem.
I feel that the changes made in SAP will stay in place for years to come. Now that steps have been gathered to analyze large amounts of employees, customers, and sales data being generated by companies it will enable SAP to create new processes and applications that will strength
Eamonn, R. 2012. The evolution of accounting software: past, present and future. [Online] Available from: http://www.gaaaccounting.com/author/gaablog/ [Accessed: 2015-04-19].
SAP is complex and the pace of SAP releases is much higher. Sometimes, users cannot cope up with it.
In order to alleviate its server capacity constraints, speed its data retrieval process and reduce the number business systems used, Williams-Sonoma should upgrade to Windows 2000, purchase new servers and implement the SAP program. SAP is a customized program package that integrates a company 's supply chain. It 's primary function is the ability for order management, sales and distribution to communicate electronically with the financial systems and controls by providing real-time information for decision making. The system is fast, user friendly and most importantly real-time. It is beneficial because it reduces human error, improves productivity, improves data
In the modern business today, there is no more manual accounting. Instead a lot of companies and businesses all over the world are trying to use and adapt by having an accounting system that is computerised, less hassle and fast processing.
SAP provides businesses scalable and customizable solutions for all aspects of your clients' businesses, from production to marketing and Human Resources to finance reporting. Moreover, SAP products and applications will allow your clients to operate at peak efficiency levels, with better communication and faster decision-making. Therefore, the
In addition, because of the powerful SAP system, the employees could track inventory, compile financial reports, tag products to fulfill customers’ orders, and precisely control production down to the level of telling bakers the number of bagels to cook every day and what temperature to use. Managers can “see into” the order and fulfillment process at any point to identify problems. Alerts are programmed to automatically alert managers to emerging problems. So to speak, it connects online customers to inventory, billing, and then to truck delivery.
The SAP/ERP package can contain software for Human resources including accounting/payroll software or IT software such as ticketing systems where customers can place service calls to have tech support correct a technical issue remotely or physically. In addition to integration of the company 's information, providing e-business related services such as the use of online bill pay/inquires, using electronic media to contact existing customers, and election web-based information services for customers will help Bandon improve business operations and its customer support if the company uses SAP for its ERP package (SAP, n.d.).
SAP was founded in 1972 and today they are recognized as the world's largest inter-enterprise software company. Their products cater to various sectors of industry and every dynamic market. Their diverse software products have placed them as the third largest independent software supplier and their continuing excellence makes them a premier software company. The superb technological advances they have achieved in software have allowed SAP to maintain a high regard of respect from other major corporations in their industry. By implementing user-friendly software programs they have crafted a service and development resource that has allowed these major corporations to create an efficient supply chain and increase customer relations in
In 1972, five entrepreneurs had a vision for the business potential of technology. Dietmar Hopp, Hans-Werner Hector, Hasso Plattner, Klaus Tschira, and Claus Wellenreuther founded SAP in 1972. SAP means Systemanalyse und Programmentwicklung which is German for "System Analysis and Program Development.” The name was later changed to Systeme, Anwendungen und Produkte in der Datenverarbeitung which meant Systems, application and products in the data processing in German. With one customer and a handful of employees, SAP set out on a pathway that would not only transform the world of information technology, but would alter the way companies do business forever across the globe. Based on market capitalization,
SAP is a software company whose main product is an Enterprise Resource Planning (ERP) software. SAP was founded in 1972 in Walldorf, Germany under the name System Analysis and Program Development. (SAP) SAP has more than 54,000 employees with sales and development locations in more than 50 countries. Their revenue in 2010 was € 12.5 billion and based on market capitalization, SAP is the third largest independent software manufacturer. SAP has over 176,000 customers in over 120 countries and markets and distributes its products and services primarily through local subsidiaries. (SAP)
The general objective of the study is to find out the contributions of computer in day to day activities, as the purpose of the study, is to find the contribution of computer and application in accounting activities especially to public sectors, simplification and production of understandable, relevance, reliable reports. Also the study aims to find out the difference in performance and reports quality produced when manual methods were in use and that when computer and computerised accounting system were introduced.