Computerised Accounting in an ERP System

Running head: ESSAY 0
COMPUTERISED ACCOUNTING IN AN ERP SYSTEM
JUNE 10, 2019
STUDENT DETAILS:

ESSAY 1
SAP is the shorter form for system, application and product in the data processing. It is
considered by most of the entities that SAP solution has enormously fundamental feature for
the business. There are various organisations which extensively utilise the SAP system for the
regular functions as well as reporting. There are around 120 nations in the world, which use
SAP for the particular purpose. SAP manages to build up the user’s base of above 12 million
customers everywhere in the world. SAP Simple Finance renders the best future for the
people and entity that has a vision to make the finance planning around this. In a case when
one is looking for planning to take up the certification in SAP Simple Finance, then there
would not be the best period than nowadays. SAP S/4 HANA Finance (previously known as
SAP simple Finance) covers various innovative characteristics, like the rationalised
designing, global journal, and real-time analytics. For an example, an innovative SAP Asset
Accounting (FI-AA) module is the instance of a financial module (Salmon and Wild, 2016).
It is recreated in the S/4HANA set to improve the efficiency of procedure through the life
period of the assets. From the time when SAP declared a release of the SAP S/4HANA
Finance (earlier addressed as SAP Simple Finance) in the beginning of 2014, there have so
many doubts on what was the purpose of product (Shim and Shim, 2018). There were various
people including the clients of SAP, who considered that this was the Financial Accounting
& Controlling (FI/CO) sub-module, which was in certain matter easier to configure than
efforts presently needed in ERP suite. For the better understanding, firstly it is required to
have the knowledge that what is the SAP S/4HANA Finance. Then, this is very necessary to
know the journey of SAP with SAP HANA, as SAP HANA is inseparably connected to not
just SAP S/4HANA Finance however, also to DNA of SAP. In the following parts, historical
background of SAP S/4HANA Finance, difference amid current SAP ERP FICO and SAP
S/4HANA Finance, and the advantages of SAP S/4HANA Finance for business is discussed

ESSAY 2
and critically examined. This essay also stated the difficulties faced by KPMG in transferring
to SAP S/4HANA Finance (Burns, 2018).
SAP S/4HANA is SAP ERP for the big organisations. SAP S/4HANA is considered as
beneficiary of the SAP ERP and SAP R/3. It is improved for in-memory database of
SAP, SAP HANA. A SAP HANA platform is accessible from the year 2010. Additionally,
the applications of SAP such as SAP Business Suite and SAP ERP have capability to operate
over SAP HANA database as well as some other database. SAP ERP system is completely
integrated business corresponding system that permits the uncontrollably communication
procedure and end information discrepancy amid sub-systems. SAP brings system, new and
enormously proficient. SAP supporting communications are supreme in business related to
software. One may get the comprehensive set of incorporated, cross-functional handling
procedures that is the key advantage of the SAP system. An establishment of an innovative
suite is known as SAP S/4HANA that had place in February 2015 at stock exchange in New
York. In Orland (Florida), the event has hosted cloud, over premise’s edition as well as issued
platform of on-premise. Obtainability of a cloud edition adopted at SAPPHIRE NOW
(twelve-monthly client conference of SAP) on 6 May 2015. For that reason, SAP S/4HANA
is big update of SAP to its ERP strategy and platform in over two decades. After the
launching, this is forecasted by Gartner forecasters that SAP S/4HANA stated the
“transformational shift,” however upraised the doubt in respect of the obtainability,
convenience, assessing as well as relocation nearby the S/4HANA (Al-Sabri, Al-Mashari and
Chikh, 2018).
There are various people, who had acquired S/4HANA. About 370 customers had bought this
by 21st April 2015 (Uhl and Gollenia, 2016). Subsequent to some period, the development
was established in relation to SAP. It is also noted in October 2015 that S/4HANA had
exceeded above thirteen hundred customers. This development has also continued in the 3rd

ESSAY 3
quarter of year 2015. After the earning declaration of this 3rd quarter, it is stated by SAP that
the clients of SAP S/4HANA had increased to thirteen hundred. Further, in the end of 4th
quarter of year 2016, it is declared by SAP that five thousand four hundred clients had
applied SAP S/4HANA. As per the data on 30 June 2018, the product’s customer base has
been extended by eight thousand nine hundred customers. In this way, there are various ERP
systems with a similar purpose. There are certain opponents of the product in software as
service spaces are Microsoft and Workday, Inc. and Oracle (Badii, et. al, 2017).
SAP S/4HANA Finance is a SAP ERP 6.0 suite, which is totally able to run on the SAP
HANA database (Singh, 2017). It proceeds that the step more. Major Key factors of the
earlier FI/CO suites have noted so that they may consider complete benefits of prospective of
SAP HANA. Version 1.0 of SAP Simple Finance, which was established in year 2014, was
the add-on SAP HANA-optimized version for financial module of accounting in SAP
business set. On the other hand, SAP Simple Finance 2.0 is a component of product related to
SAP S/4HANA, which was established in year 2015. SAP Simple Finance (version 2.0) is
recreated as well as recoded descendant of SAP Simple Finance (version 1.0) (Baumgartl, et.
al, 2016).
Besides, S/4HANA products proposing contain two editions, SAP S/4HANA Cloud as well
as SAP S/4HANA On-Premise. SAP S/4HANA on-premise is similar in terms of coverage,
accessibility, industries particular support, and localization to a present SAP Business Suite
(within thirty-nine languages and sixty-four nation’s version). It also proposes the SAP
S/4HANA cloud (within eighteen languages and thirty-three nations’ versions). SAP has
highlighted the products as essential to the cloud shift. SAP S/4HANA Cloud as well as SAP
S/4HANA On-Premise contains the functionality for bookkeeping, monitoring, obtaining,
sales, manufacturing’s process, plant conservation, system related to project, and product