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Joint Ventures are one of the types of business deals, created between two or more than two parties for sharing the resources and skills to reach a target. You may call it as a partnership, and it helps all the partners to reach their target. In most cases, the oil and natural gas companies create these Joint Ventures for producing and distributing oil and gas. SAP JVA Configuration helps in dealing with this process by using a software application.

SAP has designed JVA for these joint ventures. SAP JVA helps in tracking all the transactions with the use of SAP FI, SAP CO, SAP MM and SAP AM. You will be able to work closely with all your partners and customers. SAP makes sure that its JVA assists you with the joint venture management. By learning about this software suite, you will find it easy to deal with SAP JVA Configuration.

Track everything with SAP JVA

SAP JVA, as one of the SAP solutions, helps you in tracking the cost for a venture. It also presents you with the venture-related real time information. Although the detailed data capture is one of the major processes, there are different other functionalities in the software. You can accomplish the billing tasks and process various currencies. You may allocate the non-billable and billable costs and calculate the other costs, related to the JV.

SAP JVA for oil and gas sector

In the oil and gas companies, different partners deal with Joint Venture operations. The partners also help in funding these operations. The Operators run different activities, while the non-operators share skills and resources, based on the sharing ratio.

ERP systems are common to most of the businesses. These systems use a database for storing different information for computerized functions. Nowadays, SAP ERP system has become very popular. However, SAP ERP is one of the complicated systems, and thus, you have to go through a training to learn its use. The best training center will provide you with a certificate that reveals your qualifications and knowledge in SAP ERP system. You may look for a SAP ERP Resume Sample, and create your custom resume to get a job.

Reasons of learning SAP ERP

A SAP ERP training session is highly important for various reasons. For instance, you can undergo this training course to acquire new skills. However, IT managers, company owners and other professionals also choose this training program. Let us now see why to spend time for a comprehensive SAP ERP Training.

In the present age, it is essential togain knowledge on the SAP functions. The corporate persons from various industries rely on SAP ERP. By having the certification in the field of SAP ERP, you will be able to add value to your resume. However, to create the resume properly, you may look for SAP ERP Resume Sample.

SAP is one of the robust software applications. However, it is highly useful to every industry. The employees of your company have to train themselves to help your business in various ways. Some employers avoid investing on this training session. However, in future, they will get the success due to their SAP investment.

Where should you learn SAP ERP?

SAP FICO is one of the important modules to the corporate owners. This module has also relation to different other modules, including Sales and Distribution, Material Management and Human Resource.

To talk about SAP FICO, we have to say that FI indicates Financial, while CO refers to controlling. When you go through SAP FICO training, you will learn several things on it. You can gain knowledge on how to configure SAP FICO.

In case of SAP FICO, you will learn about FI that deals with the financial statement preparation, accounting and tax computations. Similarly, SAP CO helps you to work on the cost sheet, inter orders and inventory sheet. The best fact is that SAP FICO is useful in preventing the loss of data. It also verifies and reports data.

Know more about SAP FI-

The comprehensive training courses on different organizational components of SAP FI

• Business Area and Functional Area

• Company Code

• Chart of Account

For the SAP FICO configuration, you have to define all the above things. Three currencies are configurable for any Company code. One of them is local currency, while the remaining ones are parallel currencies.In SAP, there are also 4 special periods and 12normal periods. Apart from learning the process of how to configure SAP FICO, you will also know about all these things.

SAP FICO- Go through the steps for configuration-

FI Module of SAP develops the basis of all procedures, and thus, the configuration of SAP FICO is highly essential to know everything about the functionality of the system. The reliable trainers will help you to identify all steps on how to configure SAP FICO.