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SAP S/4HANA Finance: Financial Accounting and Controlling

Learn SAP S/4HANA Finance: Financial Accounting, AP, AR, Controlling, Asset Management, Reporting, Real-Time Integration

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A warm welcome to the SAP S/4HANA Finance: Financial Accounting and Controlling course by Uplatz.


SAP S/4HANA Finance (previously known as SAP Simple Finance) is a module within the SAP S/4HANA ERP suite that modernizes and streamlines financial management processes. It integrates financial and management accounting, treasury, and risk management with real-time reporting capabilities, offering comprehensive financial insights to support business decision-making.

SAP S/4HANA Finance is widely adopted by organizations aiming for digital transformation in their financial operations, offering a robust foundation for data-driven strategies.


Key Features of SAP S/4HANA Finance

  1. Unified Financial Data: Combines financial and operational data into a single source of truth using the SAP HANA in-memory database.

  2. Real-Time Analytics: Enables instant financial insights through advanced reporting and analytics capabilities.

  3. Simplified Processes: Reduces complexity in financial operations such as closing, reporting, and reconciliation.

  4. Advanced Integration: Seamlessly integrates with other SAP modules (e.g., MM, SD, CO) and external systems for end-to-end financial processes.

  5. Enhanced User Experience: Offers intuitive, role-based Fiori applications for streamlined workflows and decision-making.

  6. Key Innovations: Includes functionalities like universal journal (ACDOCA), real-time profit analysis, and predictive financial planning.


Key Components of SAP S/4HANA Finance

  • Financial Accounting (FI): Covers core accounting processes like general ledger, accounts payable, accounts receivable, and asset accounting.

  • Controlling (CO): Supports internal management functions such as cost center accounting, profit center accounting, and internal orders.

  • Treasury and Risk Management: Manages liquidity, cash flow, and financial risks.

  • Advanced Financial Closing: Automates and accelerates month-end and year-end closing activities.

Benefits of SAP S/4HANA Finance

  • Faster decision-making with real-time financial insights.

  • Reduced operational costs through simplified data structures.

  • Improved financial compliance and accuracy.

  • Scalable architecture to support growing business needs.


SAP S/4HANA Finance: Financial Accounting and Controlling - Course Curriculum


Section 1: Introduction to SAP S/4HANA Finance

  • Overview of SAP S/4HANA Finance

  • Key Innovations in SAP S/4HANA Finance (Cloud Version)

  • Course Objectives and Outcomes

Section 2: SAP FI (Financial Accounting)

1. General Ledger (GL)

  • New Ledger Concepts and Configurations

  • Leading and Parallel Currencies

  • Journal Entry Posting

2. Accounts Payable (AP)

  • Vendor Management and Transactions

  • GST Configuration and Withholding Tax Setup

  • Auto Payment Program

  • Integration with FI-GL, FI-AA, and MM

3. Accounts Receivable (AR)

  • Customer Management and Credit Management

  • Down Payment Receipt with Clearing

  • Dunning and Interest Calculation Setup

4. Bank Accounting (BA)

  • House Bank and Bank Account ID Setup

  • Cheque Payment Process

  • Electronic Bank Reconciliation Setup (EBRS)

5. Asset Accounting (AA)

  • Overview and Integration with FI-GL, CO, MM

  • Asset Master Data Creation and Changes

  • Asset Acquisition, Additions, Retirements, and Transfers

  • Depreciation Job Setup and Legacy Asset Balance Transfer

6. Reporting

  • Financial Statements and Multiple Reporting Methods

  • Month-End and Year-End Activities

Section 3: SAP CO (Controlling)

1. Cost Centre Accounting (CCA)

  • Cost Centers Setup and Management

  • Internal Order Accounting

2. Profit Centre Accounting (PC)

  • Configuration and Reporting

3. Real-Time CO-FI Integration

  • Key Concepts and Benefits

4. Advanced CO Concepts

  • Controlling Area Setup

  • Cross-Company Postings

Section 4: Technical Knowledge

  • Overview of ABAP and BASIS Knowledge

  • Understanding Validations and Substitutions in S/4HANA

Section 5: Fiori Tiles

  • Working Knowledge of Fiori Tiles for SAP FI and CO

Section 6: Practical Lab Exercises

1. Enterprise Structure and Setup

  • Company Enterprise Structure Creation

  • Company Code Basic Features

  • Controlling Area Setup with Profit and Cost Centers

2. End-to-End Integration

  • P2P Process with FI-MM Integration

  • O2C Configuration (SD to FI Integration)

3. Advanced Asset Accounting

  • Asset Acquisition from PO

  • AUC and Settlements

4. Custom Processes

  • Exchange Rate Differences and Document Clearing

  • Accrual and Deferral Processes

Section 7: Advanced Features

  • Mass Updates in S/4HANA

  • Validations, Substitutions, and Custom Workflows

  • New GL Concepts and Real-Time Reporting

Section 8: Assessment and Reporting

  • Scenario-Based Exercises

  • Financial Statements Generation and Analysis

  • Performance Benchmarking

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