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How is ‘Master Data’ different from ‘Transaction Data’?

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There are three kinds of data residing in any SAP system: 1. Table Data 2. Transaction Data 3. Master Data Table Data refers to the customized information for a particular Client. This includes data such as payment terms, discounts, pricing, tolerance limits, etc., which you do not normally change on a day-to-day basis. Transaction Data is the day-to-day recording of business information such as purchase orders, sales returns, invoices, payments, collections, etc. This includes both system-generated data (tax, discount, etc., automatically calculated by the system during document posting) as well as user- generated data. Master Data is the control information required to decide how transaction data gets posted into various accounts (such as customers, vendors, GL, etc.). The master data is usually shared across modules (for example, customer master records are common both to FI and SD in SAP) obviating the need for defining it in various application areas. The master d...

Project Implementation

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What is ‘ASAP’? ‘ASAP (Accelerated SAP)’ is a methodology used in SAP for faster and cost-effective implementation of SAP R/3 projects. ASAP helps to (a) reduce the implementation time, (b) achieve quality implementations, and (c) make effective and efficient use of project resources. ASAP integrates the following three components: 1. ASAP Roadmap 2. Tools (Questionnaires, templates, etc.) 3. R/3 services and training (Hotline, Early Watch, Remote Upgrade, Archiving, etc.) ASAP Roadmap is aimed at providing step-by-step direction and guidance throughout the project implementation by providing a process-oriented, clear and concise project plan. The roadmap meanders through the following milestones or phases in the project implementation lifecycle: 1. Project preparation 2. Business blueprint 3. Realization 4. Final preparation 5. Go-live, support, and continuous improvement Project preparation is the first and initial phase of the ASAP roadmap where you are just startin...

Your Curriculum Vitae

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1.1 Your C.V. is your Brochure For that’s exactly what it is. It’s a document that must sell you at a glance as will any good brochure for any product. Examine any brochure for example, a hotel brochure and what will you see is a nice picture of the restaurant, a buffet table with the obligatory cooked lobster in the foreground, a beautiful bedroom with a view of the mountains out the window, the golf course, the gym, etc. Examine the text and you will find there is surprisingly little and what they do say, they say well. This brochure will sell at a glance. What the hotel brochure will not show is a picture of the swill bins or the linen cupboard. Why? Very simply because you’re not in the slightest bit interested where they keep the bins, you just want that nice big lobster on the buffet table. Your C.V. is no different. While there are no pictures on your C.V. it still must sell you at a glance just like the hotel brochure. Using the hotel brochure as an example, ask yourself wha...

SELF-CONFIDENCE AT WORK

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POWE R O F VISUALIZ A TION “ “D r eaming is not   enough. Y ou have   to go   a step further and use   your imagination to visualize,   with intent!   Fo r get everything you’ve   ever   been taught, and believe it will happen, just as you imagined it. That is the   sec r et. That is the   mystery   of life." - Cristine Anderson V isualizatio n kn o w n  a s on e for m o f menta l   r ehearsa l ha s bee n popula r   sinc e th e S o viets sta r te d usin g i t bac k i n th e 1970 s t o compet e i n spo r ts . M an y athlete s empl o y thi s technique, includin g T ige r W oods , A da m M ałysz , M ohamme d Ali , o r E mil y Coo k wh o ha s bee n using i t   sinc e he r  tee n   y ears . S easone d athlete s us e vivid , highl y detaile d interna l   image s and r un-th r ough s   o f th e enti r e pe r form...