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- SAP is a software that is constructed under the framework of generally accepted accounting principles (GAAP)1. SAP accounting software is a financial accounting and reporting software that records transactions, reports operating data at the end of every month or quarter, and analyzes financial data2. The SAP FI module is the most popularly used module for financials and accounting, and is designed to automate the accounting systems in organizations3.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.SAP is constructed under the framework of generally accepted accounting principles (GAAP), but SAP's main emphasis is recording and maintaining solvency measures, whereas GAAP is primarily designed to uphold best standards for the accurate portrayal of a firm's operations for the benefit of investors, creditors, and other users of financial statements.www.investopedia.com/terms/s/sap.aspSAP accounting software is a financial accounting and reporting software that records transactions, reports operating data at the end of every month or quarter, and analyzes financial data.fasttrackph.com/sap-accounting-software/SAP accounting modules are designed to automate the accounting systems in organizations. The SAP FI module is the most popularly used module for financials and accounting. Diverse accounting tasks such as maintaining ledgers, balance sheets, and profit and loss statements etc., are managed automatically by SAP ERP solutions.www.wave-accounting.net/tutorial-for-the-sap-acco… - People also ask
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