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Duration 14 hours
Course Outline
Introduction to SAP S/4HANA and Financials
- Architectural overview of SAP S/4HANA.
- Significant innovations introduced in SAP S/4HANA for Finance.
- Fiori applications dedicated to financial workflows.
- The Universal Journal: Serving as the single source of truth for both financial and managerial accounting.
Financial Accounting (FI) Fundamentals
- Introduction to the FI module within SAP S/4HANA.
- General Ledger (GL) Accounting procedures.
- Management of Accounts Payable (AP) and Accounts Receivable (AR).
- Asset Accounting and its linkage with FI.
- Critical distinctions between ECC and S/4HANA regarding FI processes.
Management Accounting (CO) Fundamentals
- Introduction to the CO module within SAP S/4HANA.
- Cost Element Accounting and its integration with FI.
- Accounting for Cost Centers and Profit Centers.
- Management and administration of Internal Orders.
- Profitability Analysis (CO-PA) concepts.
Critical Integrations with Other SAP Modules
- Linking FI with Sales and Distribution (SD) and Materials Management (MM).
- Financial Supply Chain Management (FSCM) components.
- Treasury and Risk Management features in SAP S/4HANA.
- Review of Financial Consolidation utilities.
Financial Closing and Reporting Mechanisms
- Workflows for financial closing in SAP S/4HANA.
- Key Fiori apps used for monitoring financial close status.
- Introduction to financial statements in SAP S/4HANA, including the Balance Sheet and Profit & Loss.
- Integration with Group Reporting tools for consolidation.
Planning and Budgeting in SAP S/4HANA
- Overview of Integrated Business Planning (IBP) tailored for finance.
- Processes for budgeting and forecasting.
- Real-time planning and analytical capabilities via SAP Analytics Cloud (SAC).
- Financial planning leveraging embedded analytics.
SAP Central Finance
- Introduction to the SAP Central Finance concept.
- Practical use cases and advantages of Central Finance.
- Real-time replication of financial data from both SAP and non-SAP systems.
- Key considerations for implementing Central Finance.
Key Innovations and Future Trends in SAP Financials
- Application of Machine Learning and AI in Finance for process automation.
- Predictive approaches to accounting and reporting.
- Utilizing Advanced Analytics for deeper financial insights.
- Emerging trends in digital finance strategies.
Recap and Next Steps
Requirements
- A foundational grasp of finance and accounting concepts.
Target Audience
- Professionals in the finance sector.
- Business analysts.
Testimonials (2)
It was straight to the point and more practical
Lungelo Ndlela - SNG Grant Thornton
Course - SAP S/4 Hana (S/4Hana)
His calm and collected voice even though at points he was frustrated with the system, but kept his cool…