Unable to find what you're searching for?
We're here to help you find itThe Financial Accounting in SAP S/4HANA for SAP ERP FI Professionals course is designed to equip participants with advanced knowledge of SAP S4/HANA. The course covers an introduction to SAP Fiori, the new Architecture of accounting, and various Reporting options. You will learn about changes in the data model, Custom fields, Posting logic, and Master data specific to Management accounting. Key practical applications include Cost center budgeting, Product costing, and understanding New hierarchies and Universal allocation.
Integrated Business Processes such as the purchase process (purchase to pay), production process, and sales process (order to cash) are also explored. Additional topics include Parallel valuation and Transfer pricing, as well as planning with SAP Analytics Cloud. This course ensures you gain the skills to navigate the evolving landscape of financial accounting in SAP S/4HANA effectively.
Successfully delivered 2 sessions for over 2 professionals
Purchase This Course
♱ Excluding VAT/GST
You can request classroom training in any city on any date by Requesting More Information
♱ Excluding VAT/GST
You can request classroom training in any city on any date by Requesting More Information
To ensure you have the foundational knowledge and skills required for the Financial Accounting in SAP S/4HANA for SAP ERP FI Professionals course, we recommend that you meet the following prerequisites:
These prerequisites will help you gain the most from the training and ensure you are well-prepared to understand and apply the advanced topics covered in the course. If you need any foundational courses to meet these prerequisites, Koenig Solutions offers a variety of preparatory programs to help you get ready.
1. Brief Introduction: The "Financial Accounting in SAP S/4HANA for SAP ERP FI Professionals" course is designed for current SAP ERP users to enhance their skills in financial accounting using SAP S/4HANA.
2. Job Roles and Audience:
The "Financial Accounting in SAP S/4HANA for SAP ERP FI Professionals" course aims to equip learners with an in-depth understanding of financial accounting processes in SAP S/4HANA, including changes in data models, master data, and integration with various business processes.
Introduction to SAP S/4HANA
Overview of SAP Fiori
Analysis of the New Architecture of Accounting
Overview of Reporting Options for SAP S/4HANA
Changes in Data Model, Custom Fields, and Posting Logic
Master Data in Financial Accounting
SAP S/4HANA is a modern enterprise resource planning (ERP) system designed by SAP to help businesses run seamlessly in the digital age. It integrates various business processes and functions, with a strong focus on SAP financial accounting. This module, central in the SAP FICO (Finance and Controlling) training, simplifies financial operations and management in real-time, enhancing financial planning, analysis, and reporting. Professionals seeking to enhance their skills can pursue SAP FICO module courses and earn SAP financial accounting certification to gain comprehensive knowledge and credentials in handling finance in SAP environments.
SAP Fiori is a user experience design approach developed by SAP that aims to create a more intuitive and efficient interface for SAP software users. It emphasizes a simplified, user-friendly experience tailored to individual roles and tasks across various devices like laptops, tablets, and smartphones. Fiori applies modern design principles to various processes within SAP systems, improving user satisfaction and productivity. It's commonly used in conjunction with the SAP ERP system, enhancing functionalities in modules such as finance and accounting, and integrates seamlessly with them to streamline complex business operations.
The architecture of accounting refers to the structured framework used to manage and organize the financial data and transactions of a company. This framework ensures accurate reporting, compliance with regulations, and effective decision-making support. It typically encompasses various modules, like those found in SAP, such as the SAP FICO module. This includes SAP Financial Accounting, which focuses on external reporting, and SAP Controlling, aimed at internal management needs. By completing an SAP financial accounting certification or undergoing SAP FICO module training, professionals can enhance their skills in managing financial activities using SAP systems.
Reporting options in technology, particularly in business software, refer to the methods and tools available for generating, analyzing, and distributing data reports. These options enable businesses to monitor performance, forecast trends, and make informed decisions. In systems like SAP, reporting functionalities are robust, allowing users to customize and extract specific data sets according to their needs. Effective use of these reporting tools, especially when integrated with SAP's financial modules like SAP FICO and SAP financial accounting, enhances transparency and control over financial operations, significantly benefitting financial management and reporting accuracy.
Custom fields in software systems, such as the SAP FICO module, allow users to add additional data fields that are not provided in the standard configuration. This customization is essential in SAP finance and financial accounting modules, enabling companies to tailor the application to their specific financial operations and reporting requirements. These fields can capture unique business information essential for analysis and decision-making. Learning to effectively create and use custom fields is often included in comprehensive SAP FICO module training and is essential for SAP financial accounting certification.
Posting logic in accounting software refers to the set of rules and processes that determine how and when transaction data is recorded in the financial ledgers. This process is crucial in ensuring the accuracy and reliability of the company's financial data, impacting reports and decision-making. In systems like SAP FICO (Financial Accounting and Controlling), posting logic helps maintain financial data integrity, supporting compliance and enabling detailed financial analysis. Proper training and certification, such as SAP financial accounting certification, can enhance understanding and proficiency in managing and implementing effective posting logic.
Master data refers to the core data that is essential and commonly used across the various systems, applications, and processes within an organization. It contains key information such as details about customers, products, employees, materials, suppliers, and accounts. Proper management of master data ensures consistency, accuracy, and reliability in business operations and decision-making. Specialized training in systems like SAP FICO module course or sap finance module training can enhance skills in managing financial master data, ensuring efficient financial accounting and compliance with established standards and practices.
Management accounting involves analyzing business costs and operations to guide internal financial decisions and strategy. It helps managers make informed decisions related to budgeting, forecasting, and financial planning to improve profitability. Unlike financial accounting focusing on external reporting, management accounting focuses internally to enhance efficiency and effectiveness in operations. This field uses various tools and practices to control costs, allocate resources effectively, and support an organization’s strategic goals.
Cost center budgeting in SAP FICO involves planning and controlling the expenses for a specific department or unit within an organization that does not directly generate revenue. This budgeting helps in monitoring and managing overhead costs effectively. Using SAP Financial Accounting, businesses can optimize budget allocation and enhance financial performance. The SAP FICO module course and SAP FICO module training teach how to set up and manage these budgets efficiently. Gaining SAP financial accounting certification through appropriate training boosts expertise in handling finances systematically, supporting better decision-making and cost control.
Product costing is a process in business accounting used to assign costs to individual products, enabling companies to determine profitability. It accounts for both direct costs like materials and labor, and indirect costs such as overhead. Accurately costing products is essential for pricing, budgeting, and financial analysis. The SAP FICO module provides robust tools specifically designed for financial accounting and controlling, including product costing functionalities. SAP FICO module training or SAP financial accounting certification courses can significantly enhance professionals' understanding and skills necessary for effective product costing using the SAP finance module.
New hierarchies refer to the updated or restructured organizational charts in businesses or systems, such as those implemented in SAP FICO (Financial Accounting and Controlling). In SAP, these hierarchies organise elements like cost centers, profit centers, or account groups, providing clearer, streamlined management and reporting structures. This is especially crucial in SAP FICO module training, where understanding new hierarchies is essential for handling SAP financial accounting effectively. Mastering this during an SAP FICO module course or SAP financial accounting certification can greatly enhance financial operations and strategic decision-making.
Universal allocation in SAP FICO, part of the SAP financial accounting module, refers to a complex process of cost allocation within financial and controlling accounting. This feature helps in distributing total costs from one cost center to multiple cost objects including orders, projects, or other cost centers. It simplifies the management of financial data by allowing the redistribution of expenses and revenues to reflect financial realities more accurately. This is crucial for detailed reporting and analysis, enhancing financial decision-making. Training in the SAP FICO module and gaining SAP financial accounting certification can greatly improve understanding and execution of universal allocation.
Parallel valuation in SAP financial accounting involves assessing the same financial transactions under different accounting standards or principles simultaneously. This is crucial for businesses operating in multiple countries or under various regulatory requirements. With SAP FICO module training, professionals can learn how to implement and manage multiple valuation methods, like local GAAP, IFRS, or tax-based accounting, within the same system. This competency is often highlighted in SAP finance module courses and can be validated through SAP financial accounting certification, enhancing one’s ability to handle complex financial landscapes efficiently.
Transfer pricing refers to the rules and methods companies use to price transactions within and between enterprises under common ownership or control. It is pivotal for tax purposes as it affects the taxable income of such enterprises in different jurisdictions, potentially leading to double taxation or tax avoidance. Proper transfer pricing helps companies allocate income fairly across different countries following international guidelines, significantly impacting financial statements and tax liabilities. This ensures that profits are recorded where the economic activities driving the profits are performed and where value is created.
SAP Analytics Cloud is a software-as-a-service (SaaS) platform that combines multiple analytics capabilities into a single interface. It allows businesses to integrate data from various sources, creating interactive visualizations and business intelligence insights. This tool helps in predicting trends and making informed decisions by analyzing data in real-time. Key functionalities include planning, predictive analytics, and business intelligence, enabling users to streamline their financial processes and strategies efficiently. This platform supports enhanced decision-making across different areas of business, especially for those using the SAP financial accounting frameworks.
1. Brief Introduction: The "Financial Accounting in SAP S/4HANA for SAP ERP FI Professionals" course is designed for current SAP ERP users to enhance their skills in financial accounting using SAP S/4HANA.
2. Job Roles and Audience:
The "Financial Accounting in SAP S/4HANA for SAP ERP FI Professionals" course aims to equip learners with an in-depth understanding of financial accounting processes in SAP S/4HANA, including changes in data models, master data, and integration with various business processes.
Introduction to SAP S/4HANA
Overview of SAP Fiori
Analysis of the New Architecture of Accounting
Overview of Reporting Options for SAP S/4HANA
Changes in Data Model, Custom Fields, and Posting Logic
Master Data in Financial Accounting
