SAP FICO ( EPISODE - 04 )

Manoj: - Will you like to have a cigarette?

Dulal: - No, no, I don’t smoke. I only drink, but not smoke.

Chaitanya: - Are you working somewhere?

Dulal: - I used to work in a scam-hit company. Due to those frauds, too much management restructuring took place. As you can understand, nowadays, restructuring has become the corporate synonym of lay-offs.

Paul: - in our training class, two girls are really hot and beautiful, boss. They told their name, but I forgot.

Arindam: - Aha, why do you always forget the names of beautiful girls? The tall girl with black T-Shirt and Blue Jeans is Sarita and other one is Rinky.

Suhash: - That girl Rinky is looking very sweet in sky-blue colored salwar. She is of medium height, but still very sweet and sober. This Sarita is totally a carbon copy of Rakhi Sawant. She behaves like a lady Tom Boy, he he he.

Paul: - But, she is damn hot, boss, simply sizzling like Bipasha Basu.

Arindam: - Saaley, college mein ek permanent girlfriend hain, aur idhaar bhi line maar raha hain…beta, kuch ladkiyan hum logon ke liye bhi chorh diya karo…

Chaitanya: - Hey guys, come on, let us go back to the class. We have already taken 15 minutes in drinking tea and smoking cigarettes.

**************

Nilkamal: - See, Chaitanya, as you are from Oracle Financials, so let me tell you very frankly the basic difference between SAP and Oracle. Oracle has created its ERP tool based on only the Finance Department, whereas SAP has not spared a single department of an organization. SAP tools are used in various departments of an organization and the tools are named according to their use also. For example, MM means Materials Management, SD means Sales & Distribution, CRM means Customer Relationship Management and etc. We will come in details to those things. But, in your first class, just remember that if SAP FICO is a Pacific Ocean, then Oracle Financials is only the Bay of Bengal.

Sarita: - Sir, what is the full form of SAP?

Nilkamal: - The full form of SAP is SYSTEM APPLICATION PRODUCT. This ERP tool is created by a German Company, SAP AG.

Rinky: - What is meant by AG, Sir?

Nilkamal: - It is a naming convention for any German company. Say for any US company, it is INC. and for any Indian company, it is Private Ltd. Like that only, for any German company, it is AG. Now, let me tell you the course that we will cover in this SAP FICO module. Here FICO is split into two words, FI and CO. FI stands for Financial Accounting and CO stands for Cost Controlling. In FI, we will cover the sub topics of General Ledger, Accounts Payable (Shares & Reserves), Accounts Receivables (Taxes, Payment Terms & Commitments), Asset Accounting (Fixed Assets, Schedule VI, Depreciation and Asset Implementation). In CO, we will cover the sub topics of Cost Element Accounting, Cost Centers Accounting (Variance Analysis), Profit Centers Accounting (Consolidated P&L Accounts), Profitability Analysis (Segmentation, Penetration), Internal Orders (Controlling Cost at lowest level).

Dulal: - but, Sir, after learning about this SAP FICO, what kind of job role will we get in a company?

Nilkamal: - You will be either working as a Technical Consultant or as a Functional Consultant. Now, an Engineering Graduate can work as a Technical Consultant, where he has to do coding or programming with ABAP language (LSMW, BDC, IDOC, Routines) or Database Administration with BASIS language. MBA Finance students is bound to work as Functional Consultant, where he will be responsible for designing the respective modules in accordance to the needs and structure of an organization. That is, he will prepare a blue-print of the module. These functional consultant need to be present at the client’s place to understand the requirement specifications. Always remember that 1 SAP User License gives the privilege to 10 users only. Ok, just come back, after having your lunch.

SAP FICO ( EPISODE - 03 )

Mr. Khan of Dubai: - Boss, don’t call me Sir. Just call me Khan Miyaan. Everyone calls me by that name only.

Mr. Cheetah: - No, actually, you are one of the topmost businessmen of Dubai and Dubai is the heaven for any Don. In my childhood, I also used to dream to become an Underworld Don. But, alas, I am from an educated family, he he he… I think that you are not a Don, but you have connection with the real Don, so, it is better to call you as Sir only, he he he…

Mr. Khan of Dubai:- You look like an idiot, but your brain is very sharp like a detective, maybe, that is why, Sain Director selected you as the script-writer for this TV Serial and let me make it very clear to you that, if you have to do business in Dubai, you need the supporting hand of Don bhai. Anyway, just forget those things; let me come to the point. See, the reason, why I wanted to talk to you in this video conference is that I want you to add a superb love story in this TV Serial.

Mr. Cheetah: - But, how is this possible? This TV Serial is based on the training of SAP FICO module only.

Sain Director: - Ya, Mr. Cheetah is right, Khan Miyaan. It will be a very tough job for him.

Mr. Khan of Dubai: - Ha ha ha, do you think that I am a fool. I have already read the story ‘Doctor’s Diary’, written by Mr. Cheetah. Now, I don’t know, how many love affairs Mr. Cheetah had with how many tigresses, but, I am very much sure that my TV serial can become one of the blockbuster serials of all time, where it will be full of education as well as it will contain a superb love story. I don’t want any argument in this regard. I have full confidence on Mr. Cheetah.

Mr. Cheetah: - Khan miyaan, please don’t mind, but I have a question. Is the inclusion of a love story in this TV Serial will give you any extra profit?

Mr. Khan of Dubai: - Your question has the answer, dude. All my viewers are not hi-fi educated to understand everything about SAP FICO, but they will surely understand the love story. So, just go ahead and keep on writing the script.

Mr. Cheetah: - Ok, not an issue. I will try my level best in this regard.

Sain Director: - Ok, I think that we should stop our video conference now. Our viewers are already eager to see the 3^rd episode of this serial. Let them see it now.

*************

Nilkamal: - Hello everyone, I am Nilkamal. I have been teaching SAP FICO module in this Institute for around 2 years. So, let us start the demo class today. But, before starting it, let me ask all of you, a very simple question. What do you mean by ERP?

Chaitanya: - ERP means Enterprise Resource Planning.

Nilkamal: - Well, if this question contained 5 marks, then you would have got only 1 mark. What is your educational qualification? Are you working somewhere?

Chaitanya: - Ya, I am working in Oracle Financials. I am a MBA Finance guy. I am having experience in Oracle Financial Company for 2 years. I am working in Oracle Financial tools only.

Nilkamal: - Fantastic. I will surely tell you the difference between Oracle and SAP, but before that let me explain you, what ERP basically is and why it is needed. See, in corporate world, everyone regards that ERP is a tool which is used for integrating all the departments, that’s all. But many companies don’t know that if you can use this ERP tool efficiently, then you can find out the solution of how to increase your business to its optimum level. When you are installing an ERP, you are just automating your MIS department. Now, why do you need MIS reports?

Arindam: - Sir, these MIS reports are required by MD or CEO of a company to take correct decisions.

Nilkamal: - Yes, the term ‘Decision Making’ is the real keyword. If as a businessman, I cannot take decision at the right time at the right place, due to bad and late MIS reports, then my company will fail to reach to the topmost position of the market. That is why, ERP tool is required and SAP is the best ERP tool in this market. You people just take a break for 10 minutes for smoking cigarettes or drinking tea. I will teach again after the break.