An auditor is hard at work, auditing an airline. The auditor cannot understand an excess fuel consumption on a Detroit to Erie route, for flight no. 420. The auditor calls the pilot and demands an explanation. The pilot replies “It was a late night, snow storm was raging, and I lost my bearings.” The auditor demands a statement, “for what?” the pilot asks. The auditor tells him “for lost bearings.”
In this article I will describe elements of “Pricing & Conditions” in SAP® module SD (Sales & Distribution). Pricing and conditions are an important topic for data analytics. Very often we do get questions like “What do I have to know regarding conditions in SAP®?” “How can I find out if conditions can be changed manually?” “In which tables do I find conditions master records and the transaction history for conditions?” Here I will explain which kinds of conditions exist and how they impact the pricing procedure, e.g. the calculation of the product net value.
In June 2014, the dab:Group had the privilege to celebrate its 10th anniversary. The company was founded as a Spin-Off of the Deggendorf Institute of Technology. The foundation of our motto “Changing data into Knowledge” was laid in the years 2002 and 2003 in the lecture “Finance & Controlling” which is given by Prof. Dr. Georg Herde. (the name changed to “IT-Compliance & Audit and Monitoring” these days). Already with the implementation of the degree program “Business informatics” several years ago Professor Herde pushed the topic of data analytics. With him as one of the early adaptors in that exciting area, I am very happy to have a guest column written by him.
In this Blogpost I will share my experience of my visit to the IBS Schreiber data analysis conference on June 26 to 27. IBS Schreiber GmbH has held its annual conference for data analysis in auditing for the fifth time. The event took place in Hamburg. The eight lectures were joined by about 40 people.
The auditors have taken an inventory of thermometers held in a warehouse, in summer. The thermometers will be exported out of the country in January, and are kept under lock and key. In December, auditors ask management to redo the inventory count. The management is surprised “Why? Nothing has changed.” Auditors tell them “The inventory is overstated, in summer there is more mercury in the thermometers.”
On 10 and 12 June 2014 the dab:Group was invited to present at the yearly “Audit Executives conference”. This conference organized by our partner Interop LA again attracted over 400 people, spread across two days and two countries. Most of the participants are working in the area of Internal Audit, Compliance, GRC (Governance, Risk, Compliance) or IT.
On 5 and 6 June, the dab:Group was present at the DFDDA (Deggendorfer Forum of Digital Data Analysis) as sponsor. The forum took place for the 10th time and dealt with the Theme "Data Analysis - An instrument for improving process quality?!"