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We're here to help you find itThe TS4F02 course, part of the Financial Accounting in SAP S/4HANA Academy, builds on the basic knowledge acquired through SAP S/4HANA Financial Accounting Part I. It is designed to provide an in-depth understanding of the financial accounting components in SAP S/4HANA. The course is structured into several modules, each focusing on different areas of financial accounting, including basic settings, asset accounting, and reporting. Students will learn about cost elements, cost centres, profit centres, internal orders, product costing, and profitability analysis, enabling them to handle complex financial tasks within the SAP system.
This course will help learners by enhancing their proficiency in SAP S/4HANA financial accounting, making them valuable assets in their current or future roles where they will manage financial functions with efficiency and confidence. By covering a range of topics from controlling to financial reporting and analysis, participants will gain the skillset required to effectively use the financial accounting capabilities of SAP S/4HANA.
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♱ Excluding VAT/GST
Classroom Training price is on request
You can request classroom training in any city on any date by Requesting More Information
To ensure that participants can successfully comprehend and engage with the curriculum of the Financial Accounting in SAP S/4HANA - Academy Part II - TS4F02 course, the following prerequisites are recommended:
Please note that these prerequisites are set to ensure that all participants have a foundation upon which to build the more complex topics covered in the course. They are not intended to exclude interested learners but to provide a guideline for the knowledge base that will enable them to get the most out of the training.
The Financial Accounting in SAP S/4HANA - Academy Part II - TS4F02 course is designed for professionals dealing with SAP's financial modules, aiming to enhance their expertise in S/4HANA.
Target Audience for the Course:
The Financial Accounting in SAP S/4HANA - Academy Part II - TS4F02 course equips learners with advanced skills in financial accounting and controlling within the SAP S/4HANA environment, focusing on configuration, processes, and reporting.
Asset accounting is a specialized area of financial management within SAP S/4HANA, which focuses on managing and tracking the fixed assets of a company, like buildings and equipment. This module helps organizations maintain detailed records of asset-related transactions, calculate depreciation, and ensure compliance with accounting standards. In SAP S/4HANA, asset accounting seamlessly integrates with other modules for real-time financial reporting and analysis, improving transparency and decision-making in financial operations.
Internal orders in SAP S/4HANA Financial Accounting are a tool used to track and monitor the costs associated with specific jobs, projects, or activities within a company. They allow for detailed recording and analysis, helping to manage, allocate, and control costs effectively. Internal orders can also support budgeting and reporting processes, providing clarity and improved financial management in business operations. This functionality is part of the broader financial accounting features in SAP S/4HANA, enhancing transparency and accountability.
Product costing in SAP S/4HANA, such as TS4F02 and SAP HANA financial accounting, involves calculating the expenses involved in manufacturing a product. This process tracks all costs related to materials, assembly, and overhead to determine the total expense of production. Financial accounting in SAP S/4HANA helps document all financial transactions associated with this costing, ensuring accurate financial reports and cost analysis, crucial for determining pricing strategies and profitability.
Basic settings in SAP S/4HANA Financial Accounting involve configuring essential parameters that define your financial operations. This setup includes defining the company code, fiscal year variants, and chart of accounts crucial for SAP HANA Financial Accounting. It allows precise tailoring of financial processes to meet specific business needs, whether for reporting, tax calculations, or ledger management. Integrating these settings in SAP S/4 HANA ensures accurate financial data across platforms, facilitating effective management and compliance with global standards. Efficient configuration allows robust data processing and real-time financial insight, crucial for timely decision-making.
Reporting in SAP S/4HANA Financial Accounting involves tracking and managing financial transactions using the SAP HANA database technology. It streamlines processes like ledger entries, balance sheets, and profit and loss statements. This system is specifically designed for real-time data processing and reporting, offering enhanced financial insights and decision-making capabilities. With features that support a wide range of financial activities, companies achieve better compliance, accuracy, and operational efficiency. The integration of TS4F02 provides targeted learning paths for SAP users to maximize the benefits of SAP S/4HANA in financial accounting.
Cost elements in SAP S/4HANA Financial Accounting are categories or classifications within the financial accounting module that allow for the tracking and management of financial transactions. They represent the primary expenses or income related to various facets of a business. In SAP S/4HANA, these cost elements are integrated within the general ledger account, simplifying financial processes and reporting. This structure supports the effective analysis and reallocation of costs to various parts of the organization, enabling more accurate financial insight and strategic decision-making.
Cost centres in financial accounting are divisions within a business where costs are recorded and controlled. In systems like SAP S/4HANA Financial Accounting, cost centres help segregate expenses related to specific functions or departments, aiding in budget control and financial analysis. Efficiently managing these centres within such platforms enables businesses to monitor and optimize their expenditures more effectively, ultimately contributing to their overall financial strategy and performance. This separation helps in assessing which parts of the company are over or under-spending.
Profit centers are divisions within a company that are treated as separate units and have assigned responsibilities for generating revenue and controlling costs. Each profit center focuses on specific business areas, evaluating performance based on profitability, allowing companies to accurately assess the effectiveness of each segment. Understanding profit centers is crucial in financial strategies like those employed in SAP S/4HANA Financial Accounting, where they facilitate detailed financial analysis and better decision-making aligned with the company’s financial goals.
Profitability analysis is a component of financial accounting focused on evaluating the efficiency and effectiveness of a company’s operations by determining the profit derived from specific areas, products, or segments. This analysis helps businesses understand which areas are contributing to their financial success and which are not, guiding strategic decision-making to improve overall financial health. In the context of SAP S/4HANA Financial Accounting, this process leverages advanced analytical capabilities to provide real-time insights and detailed reporting, enhancing financial strategies and operational adjustments.
The Financial Accounting in SAP S/4HANA - Academy Part II - TS4F02 course is designed for professionals dealing with SAP's financial modules, aiming to enhance their expertise in S/4HANA.
Target Audience for the Course:
The Financial Accounting in SAP S/4HANA - Academy Part II - TS4F02 course equips learners with advanced skills in financial accounting and controlling within the SAP S/4HANA environment, focusing on configuration, processes, and reporting.
