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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.

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