SAP S/4HANA Finance: The Reference Guide to What's New
The Reference Guide to What's New
1st Edition
Published on 28. April 2019
Book
Hardback
505 pages
978-1-4932-1805-9 (ISBN)
Description
SAP ERP customers, take note: If you install SAP S/4HANA Finance but keep running your accounting practices as before, you'll be missing out. With this guide to SAP S/4HANA Finance's innovations, uncover the fundamental changes that can transform your finance organization. You've heard about Universal Journal, real-time processes, and UI improvements-now learn how these changes will actually impact your accounting practices. From the redesigned steering model and unified planning to consolidation and real-time close, see where new processes affect your business users and how system efficiencies benefit your bottom line.
More details
Language
English
Place of publication
Bonn
Germany
Target group
College/higher education
Professional and scholarly
Edition type
New edition
Product notice
sewn/stitched
Cloth over boards
Dimensions
Height: 236 mm
Width: 182 mm
Thickness: 38 mm
Weight
1079 gr
ISBN-13
978-1-4932-1805-9 (9781493218059)
Schweitzer Classification
Persons
Author
Janet Salmon is the chief product owner for management accounting at SAP SE and has accompanied many developments to the controlling components of SAP ERP Financials as both a product and a solution manager. She regularly works with key customers and user groups in the United States and Germany to understand their controlling challenges and requirements. Her role is to design and implement innovative controlling solutions with SAP's development teams in Germany and China. She is the author of SAP PRESS books Controlling with SAP S/4HANA: Business User Guide, SAP S/4HANA Finance: The Reference Guide to What's New, and Controlling with SAP ERP: Business User Guide.
ISNI:
ISNI:
Michel Haesendonckx is the global solution owner for financial planning and analysis at SAP SE with a broad expertise in finance and performance management, primarily focusing on management accounting and reporting. He is responsible for driving the go-to-market initiatives in this area for SAP and is highly involved in key innovation topics. He has 22 years of experience in the area of financial processes and analytics, of which 19 years have been focused on SAP solutions. Michel built his functional experience as an external auditor, controller in the oil sector, and CFO in the port logistics industry, and extended his view in this field through his leadership position in FP&A in a globally operating consulting organization.
Content
... Foreword ... 15
... Preface ... 17
... Objective of This Book ... 17
... How to Read This Book ... 18
... Acknowledgments ... 23
... Introduction ... 25
... The Changing Role of Finance ... 26
... Finance with SAP ... 37
... Summary ... 48
1 ... The Universal Journal: Designing a Steering Model for the Business ... 49
1.1 ... Designing a Steering Model for Your Business ... 50
1.2 ... The Universal Journal ... 55
1.3 ... Reporting Dimensions in Detail ... 61
1.4 ... Extending the Steering Model ... 79
1.5 ... Changing the Steering Model ... 83
1.6 ... Summary ... 87
2 ... Local and Global Accounting: Changing Organizational Structures to Satisfy Various Requirements ... 89
2.1 ... Controlling and Global Business Management ... 91
2.2 ... Accounting and Local Business Management ... 104
2.3 ... Global Value Chains and Local Reporting ... 108
2.4 ... Summary ... 117
3 ... From Products to Services: Unifying Approaches to Controlling and Financial Operations ... 119
3.1 ... Industry Solutions and SAP S/4HANA ... 120
3.2 ... Controlling ... 122
3.3 ... Financial Operations ... 131
3.4 ... Summary ... 147
4 ... Financial Process Optimization: Standardizing and Automating Processes ... 149
4.1 ... Rethinking Business Processes ... 150
4.2 ... Automating Finance Processes ... 163
4.3 ... Redesigning Applications ... 174
4.4 ... Summary ... 182
5 ... SAP Fiori and Live Data: Merging Transactional and Analytics Data ... 183
5.1 ... What Is SAP Fiori? ... 184
5.2 ... First Steps in SAP Fiori ... 187
5.3 ... Using a Virtual Data Model to Access Live Data ... 203
5.4 ... SAP Fiori and the Intelligent Enterprise ... 219
5.5 ... Summary ... 221
6 ... Key Figures for Operational Reporting: Measuring Financial Performance ... 223
6.1 ... Driving Insight to Action ... 224
6.2 ... Using Semantic Tags to Link Accounts with Key Figures ... 231
6.3 ... Redesigning for 360-Degree Reporting ... 238
6.4 ... Summary ... 246
7 ... Real-Time Financial Close: Providing Timely Information ... 247
7.1 ... Improving the Hard Close ... 248
7.2 ... New Approaches for a Soft Close ... 258
7.3 ... Summary ... 280
8 ... Predictive Accounting: Providing Forward-Looking Insights ... 281
8.1 ... Accounting for Incoming Sales Orders ... 285
8.2 ... Accounting for Statistical Sales Conditions ... 295
8.3 ... Commitment Accounting for Purchase Orders ... 299
8.4 ... Summary ... 301
9 ... Unified Planning Model: Moving from Financial Budgeting to Driver-Based Forecasting ... 303
9.1 ... Moving toward a Unified Planning Model ... 306
9.2 ... SAP Analytics Cloud for Planning ... 313
9.3 ... SAP BPC for SAP S/4HANA ... 319
9.4 ... Planning for the Operational Processes ... 327
9.5 ... Summary ... 341
10 ... Asset Accounting: Making Real-Time Postings for Multiple Accounting Principles ... 343
10.1 ... New Data Structure in Asset Accounting ... 344
10.2 ... Key Figures for Asset Accounting ... 355
10.3 ... Asset Accounting and Controlling ... 357
10.4 ... Summary ... 363
11 ... Inventory Accounting: Simplifying Material Valuation, Production Cost Analysis, and Actual Costing ... 365
11.1 ... New Data Structure in Inventory Accounting ... 366
11.2 ... Production Cost Analysis ... 379
11.3 ... New Data Structure in Actual Costing ... 388
11.4 ... Summary ... 393
12 ... Group Reporting: Producing Consolidated Financial Statements ... 395
12.1 ... Consolidation Solutions ... 396
12.2 ... Group Reporting Dimensions ... 405
12.3 ... Consolidation Data Sources ... 410
12.4 ... Summary ... 413
13 ... Cash Management: Improving Cash Operations ... 415
13.1 ... Bank Account Management ... 417
13.2 ... Cash Operations ... 420
13.3 ... Liquidity Management ... 427
13.4 ... Summary ... 435
14 ... Tax and Legal Reporting: Ensuring Compliance with Key Requirements ... 437
14.1 ... Legal Reporting with SAP S/4HANA for Advanced Compliance Reporting ... 440
14.2 ... Indirect Tax Compliance with SAP Localization Hub, Tax Service ... 446
14.3 ... Summary ... 450
15 ... Cloud Extensions and Connectivity: Looking Beyond the Core ... 453
15.1 ... Finance Solutions ... 455
15.2 ... Finance Extensions ... 468
15.3 ... Summary ... 478
... Looking Ahead with SAP S/4HANA ... 479
... Recent Innovations ... 479
... Planned and Future Innovations ... 481
... Additional Resources ... 486
... Postscript ... 487
... The Authors ... 489
... Index ... 491
... Preface ... 17
... Objective of This Book ... 17
... How to Read This Book ... 18
... Acknowledgments ... 23
... Introduction ... 25
... The Changing Role of Finance ... 26
... Finance with SAP ... 37
... Summary ... 48
1 ... The Universal Journal: Designing a Steering Model for the Business ... 49
1.1 ... Designing a Steering Model for Your Business ... 50
1.2 ... The Universal Journal ... 55
1.3 ... Reporting Dimensions in Detail ... 61
1.4 ... Extending the Steering Model ... 79
1.5 ... Changing the Steering Model ... 83
1.6 ... Summary ... 87
2 ... Local and Global Accounting: Changing Organizational Structures to Satisfy Various Requirements ... 89
2.1 ... Controlling and Global Business Management ... 91
2.2 ... Accounting and Local Business Management ... 104
2.3 ... Global Value Chains and Local Reporting ... 108
2.4 ... Summary ... 117
3 ... From Products to Services: Unifying Approaches to Controlling and Financial Operations ... 119
3.1 ... Industry Solutions and SAP S/4HANA ... 120
3.2 ... Controlling ... 122
3.3 ... Financial Operations ... 131
3.4 ... Summary ... 147
4 ... Financial Process Optimization: Standardizing and Automating Processes ... 149
4.1 ... Rethinking Business Processes ... 150
4.2 ... Automating Finance Processes ... 163
4.3 ... Redesigning Applications ... 174
4.4 ... Summary ... 182
5 ... SAP Fiori and Live Data: Merging Transactional and Analytics Data ... 183
5.1 ... What Is SAP Fiori? ... 184
5.2 ... First Steps in SAP Fiori ... 187
5.3 ... Using a Virtual Data Model to Access Live Data ... 203
5.4 ... SAP Fiori and the Intelligent Enterprise ... 219
5.5 ... Summary ... 221
6 ... Key Figures for Operational Reporting: Measuring Financial Performance ... 223
6.1 ... Driving Insight to Action ... 224
6.2 ... Using Semantic Tags to Link Accounts with Key Figures ... 231
6.3 ... Redesigning for 360-Degree Reporting ... 238
6.4 ... Summary ... 246
7 ... Real-Time Financial Close: Providing Timely Information ... 247
7.1 ... Improving the Hard Close ... 248
7.2 ... New Approaches for a Soft Close ... 258
7.3 ... Summary ... 280
8 ... Predictive Accounting: Providing Forward-Looking Insights ... 281
8.1 ... Accounting for Incoming Sales Orders ... 285
8.2 ... Accounting for Statistical Sales Conditions ... 295
8.3 ... Commitment Accounting for Purchase Orders ... 299
8.4 ... Summary ... 301
9 ... Unified Planning Model: Moving from Financial Budgeting to Driver-Based Forecasting ... 303
9.1 ... Moving toward a Unified Planning Model ... 306
9.2 ... SAP Analytics Cloud for Planning ... 313
9.3 ... SAP BPC for SAP S/4HANA ... 319
9.4 ... Planning for the Operational Processes ... 327
9.5 ... Summary ... 341
10 ... Asset Accounting: Making Real-Time Postings for Multiple Accounting Principles ... 343
10.1 ... New Data Structure in Asset Accounting ... 344
10.2 ... Key Figures for Asset Accounting ... 355
10.3 ... Asset Accounting and Controlling ... 357
10.4 ... Summary ... 363
11 ... Inventory Accounting: Simplifying Material Valuation, Production Cost Analysis, and Actual Costing ... 365
11.1 ... New Data Structure in Inventory Accounting ... 366
11.2 ... Production Cost Analysis ... 379
11.3 ... New Data Structure in Actual Costing ... 388
11.4 ... Summary ... 393
12 ... Group Reporting: Producing Consolidated Financial Statements ... 395
12.1 ... Consolidation Solutions ... 396
12.2 ... Group Reporting Dimensions ... 405
12.3 ... Consolidation Data Sources ... 410
12.4 ... Summary ... 413
13 ... Cash Management: Improving Cash Operations ... 415
13.1 ... Bank Account Management ... 417
13.2 ... Cash Operations ... 420
13.3 ... Liquidity Management ... 427
13.4 ... Summary ... 435
14 ... Tax and Legal Reporting: Ensuring Compliance with Key Requirements ... 437
14.1 ... Legal Reporting with SAP S/4HANA for Advanced Compliance Reporting ... 440
14.2 ... Indirect Tax Compliance with SAP Localization Hub, Tax Service ... 446
14.3 ... Summary ... 450
15 ... Cloud Extensions and Connectivity: Looking Beyond the Core ... 453
15.1 ... Finance Solutions ... 455
15.2 ... Finance Extensions ... 468
15.3 ... Summary ... 478
... Looking Ahead with SAP S/4HANA ... 479
... Recent Innovations ... 479
... Planned and Future Innovations ... 481
... Additional Resources ... 486
... Postscript ... 487
... The Authors ... 489
... Index ... 491