Certification is a program that validates expertise in SAP solutions through credentials recognized globally, confirming that defined SAP standards for knowledge or technical capability are met.
Certification of accounts is the process of formally verifying the accuracy and completeness of financial statements by a qualified individual or entity. This certification assures stakeholders that the financial statements have been prepared per relevant accounting standards and accurately represent the organization's financial position and performance. External auditors often perform accounts certification, which may be conducted by internal accounting personnel or other authorized individuals.
A chart of accounts is a structured list of all the accounts a company uses to record its financial transactions and prepare its financial statements. Each account is assigned a unique identifier and categorized according to its nature, such as assets, liabilities, equity, revenues, and expenses. The chart of accounts provides a standardized framework for organizing and classifying financial data, facilitating accurate record-keeping, financial reporting, and analysis.
Clean core refers to an ERP system built on standard elements with limited customizations, allowing for easier updates and use of cloud-compliant extensions.
Closing entries are journal entries made at the end of an accounting period to transfer the balances of temporary accounts, such as revenues and expenses, to permanent accounts, such as retained earnings. This process effectively resets the temporary accounts to zero in preparation for the next accounting period. Closing entries ensure that the company's financial statements accurately reflect its financial performance for the period and comply with generally accepted accounting principles (GAAP).
Cloud Connector links SAP BTP to on-premises systems using a secure reverse proxy, allowing controlled access without changing firewall rules or exposing internal systems directly to the cloud.
Cloud Foundry is an open-source application runtime on SAP BTP that supports building and running cloud applications using multiple languages, frameworks and services on scalable hyperscaler infrastructure.
CPI for Data Services is an ETL tool used to move and convert data between on-premises and cloud systems on a scheduled basis, supporting both SAP and non-SAP targets.