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S4123 - Project Controlling in SAP S/4HANA Project System

The S4123 - Project Controlling in SAP S/4HANA Project System course equips business analysts, project controllers, and SAP application consultants with skills to master project cost planning, budgeting, and period-end closing in SAP S/4HANA. It solves the critical challenge of inaccurate project profitability tracking, a pain point in 68% of enterprises managing complex project portfolios. You’ll gain hands-on control over revenue planning, cost forecasting, and settlement rules within the Project System module.

This course prepares you for the SAP Certified Associate - SAP S/4HANA Project Systems (C_TS412) exam. With Koenig’s official vendor-authorized courseware and 30-day lab access, you’ll build real-world proficiency. Advance into roles like SAP Project System Analyst, commanding average salaries of $95,000+, and drive project financial accuracy in global organizations.

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Course Overview

S4123 - Project Controlling in SAP S/4HANA Project System is an official SAP training course designed for professionals responsible for managing project financials within the SAP S/4HANA environment. This course prepares learners for the SAP Certified Application Associate - SAP S/4HANA Project Systems (C_TS412_2021 or equivalent) certification and is ideal for Program/Project Managers, Business Process Owners, Application Consultants, and Business Analysts. With 47% of ASUG members either using SAP S/4HANA or actively implementing it, demand for skilled project controlling specialists is rising as enterprises modernize their ERP systems ahead of the 2027 deadline. This course equips participants with essential skills to manage cost planning, budgeting, and project execution in complex organizational environments.

The S4123 training covers core components of SAP S/4HANA Project System, including project cost planning, revenue planning, budgeting functions, materials management, and period-end closing procedures. Participants gain hands-on experience configuring cost planning using SAP Business Planning and Consolidation (BPC), performing activity-based costing (ABC), executing overhead calculations, and managing settlement rules through the Cross-Application Time Sheet (CATS). Using the SAP Learning Hub environment, students build end-to-end project structures, perform internal activity confirmations, and execute real-world scenarios such as milestone billing with down payments and results analysis for logistics projects. The lab exercises emphasize integration with Financial Accounting (FI), Controlling (CO), and Materials Management (MM) modules to ensure accurate project financial reporting.

By completing S4123 - Project Controlling in SAP S/4HANA Project System, professionals gain direct preparation for the SAP Certified Application Associate certification, which is globally recognized and highly valued in industries undergoing digital transformation. Certified consultants report salary increases of up to 25% and enhanced career mobility into senior project management and SAP advisory roles. Koenig Solutions delivers this official SAP course with Guaranteed-to-Run scheduling, 1-on-1 instructor support, and access to SAP’s authorized courseware, ensuring a seamless learning experience. Graduates are positioned to lead project controlling initiatives in organizations leveraging SAP S/4HANA, driving cost efficiency, accurate forecasting, and strategic project execution in the intelligent enterprise.

What You'll Learn

✓Configure project cost planning using transaction CJ40 to accurately forecast project expenses and improve financial control.
✓Perform revenue planning using transaction CJ42 to ensure precise income projections and better cash flow management.
✓Execute period-end closing for logistics projects in SAP S/4HANA using transaction CJ88 to streamline financial reconciliation and reporting processes.
✓Generate settlement rules in SAP S/4HANA Project System using transaction CJ02 to automate cost allocations and enhance project profitability analysis.
✓Perform results analysis in SAP S/4HANA Project System using transaction KKA2 to evaluate project performance and support strategic decision-making.
✓Manage project budgeting functions in SAP S/4HANA using transaction CJ30 to control costs effectively and meet financial targets.

Skills You'll Gain

SAP S/4HANA Project System SAP PS Structures SAP Planned Costs SAP Budgeting SAP Planned Revenues SAP Actual Costs SAP Actual Revenue SAP Materials SAP Period-End Closing SAP Project Settlement SAP PS Cost Planning SAP S/4HANA Controlling SAP PS Configuration SAP S/4HANA Reporting SAP Settlement Rules SAP PS Period Closing SAP PS Analysis

Prerequisites

Recommended knowledge before taking this course
  • Familiarity with SAP S/4HANA Project System and SAP Fiori UI principles
  • Understanding of SAP S/4HANA navigation and core UI features (SAP Fiori)
  • Knowledge of creating project structures and work breakdown structures (WBS) in SAP S/4HANA Project System
  • Experience with project cost planning and budgeting within SAP S/4HANA
  • Understanding of period-end closing activities for projects in SAP S/4HANA environments
  • Basic knowledge of how SAP S/4HANA Project System integrates with SAP Controlling (CO) modules
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Certification Exam

Everything you need to know about the S4123 certification exam

Exam Details
Exam Name
Format
Multiple choice, labs & case studies
Questions
Duration
Passing Score
Validity
Retake Policy
Candidates can attempt the exam four times annually with a 24-hour cooling-off period. A one-year wait applies after four failed attempts.
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S4123 - Project Controlling in SAP S/4HANA Project System

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What's Included in Your Training

Every enrollment comes packed with resources to maximise your learning and exam success

Career Outcomes

85%

of S4123 certified professionals report career advancement within 6 months

Salary Impact

+28%

Average salary increase reported after obtaining the S4123 certification

Typical Salary Range (Global)
Entry$90,000–$115,000
Mid$115,000–$145,000
Senior$145,000–$180,000

*Source: Glassdoor / LinkedIn 2025

Job Roles

6
  • SAP Project Controller
  • Project Cost Analyst
  • SAP S/4HANA PS Consultant
  • Project Accountant
  • Business Analyst (Project Management)
  • Financial Controller (Projects)

Companies Hiring

5,000+
Accenture Deloitte Capgemini TCS Infosys Wipro Siemens Bosch Schneider Electric Bechtel

and 5,000+ organizations worldwide seeking S4123 certified professionals

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    AZ-400 Team Training ✓ Verified
  • ★★★★★

    “Passed AZ-104 on first attempt. The MCT knew the exact exam patterns and the labs were exactly what Microsoft tests. Worth every penny.”

    Rahul M.

    Rahul M.

    Azure Administrator

    AZ-104 Certified ✓ Verified
  • ★★★★★

    “I trained 15 of my team members for SC-200. Koenig's on-site delivery was seamless and all 15 passed within 3 months.”

    Sarah K.

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    CISO, Financial Services

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  • ★★★★★

    “The 1-on-1 format was a game changer. My trainer adjusted the pace to my schedule and I cleared PL-300 while working full-time.”

    Ahmed R.

    Ahmed R.

    Business Intelligence Lead

    PL-300 Certified ✓ Verified
  • ★★★★★

    “Passed AZ-104 on first attempt. The MCT knew the exact exam patterns and the labs were exactly what Microsoft tests. Worth every penny.”

    Rahul M.

    Rahul M.

    Azure Administrator

    AZ-104 Certified ✓ Verified
  • ★★★★★

    “I trained 15 of my team members for SC-200. Koenig's on-site delivery was seamless and all 15 passed within 3 months.”

    Sarah K.

    Sarah K.

    CISO, Financial Services

    Enterprise Client ✓ Verified
  • ★★★★★

    “The 1-on-1 format was a game changer. My trainer adjusted the pace to my schedule and I cleared PL-300 while working full-time.”

    Ahmed R.

    Ahmed R.

    Business Intelligence Lead

    PL-300 Certified ✓ Verified
  • ★★★★★

    “From AZ-900 to AZ-305 in 6 months. Koenig's structured roadmap and MCT mentoring made the expert level achievable.”

    Priya S.

    Priya S.

    Cloud Solutions Architect

    AZ-305 Expert ✓ Verified
  • ★★★★★

    “As an L&D head I've used 5 training vendors. Koenig's MCT quality, MOC materials, and ESI compliance is in a different league.”

    James T.

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    Head of L&D, UK Enterprise

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  • ★★★★★

    “SC-900 and SC-300 back to back — both cleared first try. The security curriculum at Koenig is incredibly thorough and up to date.”

    Aisha N.

    Aisha N.

    Security Analyst

    SC-300 Certified ✓ Verified
  • ★★★★★

    “From AZ-900 to AZ-305 in 6 months. Koenig's structured roadmap and MCT mentoring made the expert level achievable.”

    Priya S.

    Priya S.

    Cloud Solutions Architect

    AZ-305 Expert ✓ Verified
  • ★★★★★

    “As an L&D head I've used 5 training vendors. Koenig's MCT quality, MOC materials, and ESI compliance is in a different league.”

    James T.

    James T.

    Head of L&D, UK Enterprise

    100+ Learners Trained ✓ Verified
  • ★★★★★

    “SC-900 and SC-300 back to back — both cleared first try. The security curriculum at Koenig is incredibly thorough and up to date.”

    Aisha N.

    Aisha N.

    Security Analyst

    SC-300 Certified ✓ Verified
  • ★★★★★

    “AI-102 was daunting but the trainer broke it down perfectly. Real Azure OpenAI labs made the difference. Highly recommend.”

    David L.

    David L.

    AI Engineer

    AI-102 Certified ✓ Verified
  • ★★★★★

    “DP-600 Fabric certification done in 3 weeks of part-time study. The customised schedule around my timezone was a lifesaver.”

    Mei W.

    Mei W.

    Data Platform Engineer

    DP-600 Certified ✓ Verified
  • ★★★★★

    “Our whole DevOps team got AZ-400 certified through Koenig's corporate training. Smooth logistics and top-tier MCTs throughout.”

    Carlos R.

    Carlos R.

    Engineering Manager

    AZ-400 Team Training ✓ Verified
  • ★★★★★

    “AI-102 was daunting but the trainer broke it down perfectly. Real Azure OpenAI labs made the difference. Highly recommend.”

    David L.

    David L.

    AI Engineer

    AI-102 Certified ✓ Verified
  • ★★★★★

    “DP-600 Fabric certification done in 3 weeks of part-time study. The customised schedule around my timezone was a lifesaver.”

    Mei W.

    Mei W.

    Data Platform Engineer

    DP-600 Certified ✓ Verified
  • ★★★★★

    “Our whole DevOps team got AZ-400 certified through Koenig's corporate training. Smooth logistics and top-tier MCTs throughout.”

    Carlos R.

    Carlos R.

    Engineering Manager

    AZ-400 Team Training ✓ Verified

Frequently Asked Questions

Everything you need to know about the S4123 training course

Is the SAP S/4HANA Project Systems certification exam included in the S4123 - Project Controlling in SAP S/4HANA Project System course, and what is the fee?
The S4123 - Project Controlling in SAP S/4HANA Project System course excludes the SAP certification exam, which requires separate purchase. The C_TS412 exam fee is $541 via the official SAP portal. Koenig Solutions may provide bundled exam vouchers, though standard fees apply for independent purchases through SAP or Pearson VUE.
What training formats does Koenig offer for S4123 - Project Controlling in SAP S/4HANA Project System, and is Guaranteed-to-Run scheduling available?
Koenig offers S4123 - Project Controlling in SAP S/4HANA Project System in live online 1-on-1, public instructor-led, and classroom formats, all featuring Guaranteed-to-Run (GTR) scheduling. GTR ensures training continuity regardless of enrollment levels. Expert instructors deliver official SAP courseware, integrating essential hands-on lab components for practical mastery.
How long is lab access provided for S4123 - Project Controlling in SAP S/4HANA Project System, and what environment is utilized?
Lab access for S4123 - Project Controlling in SAP S/4HANA Project System lasts 30 days via the Koenig LET Platform using SAP Learning Hub’s cloud-based sandbox. This preconfigured system enables learners to execute project controlling tasks in a live SAP S/4HANA environment without hourly restrictions during the access period.
What is the rescheduling and cancellation policy for S4123 - Project Controlling in SAP S/4HANA Project System training?
Koenig permits free rescheduling for S4123 - Project Controlling in SAP S/4HANA Project System if requested over 10 days prior; changes within 10 days incur a 50% fee. Cancellations 15 days in advance qualify for full refunds. Each enrollment allows one reschedule under standard Terms of Service.
What is the format, passing score, and time limit for the SAP S/4HANA Project Systems certification exam?
The C_TS412 exam is a system-based assessment requiring a 55% passing score, completed in a live SAP environment within 2–3 hours. This practical structure replaces the legacy 80-question, 180-minute, 68% passing score format, focusing on real-world application of SAP S/4HANA Project System skills.
How long is the SAP S/4HANA Project Systems certification valid, and what is the renewal process?
Certification is valid for 12 months, requiring an annual stay-certified assessment. Renewal necessitates an active SAP Learning Hub subscription (from $500/year) to access the assessment. Without this, candidates must retake the full C_TS412 exam at $541 to maintain their SAP S/4HANA Project Systems credentials.
What post-training support does Koenig provide after completing S4123 - Project Controlling in SAP S/4HANA Project System?
Koenig provides 30 days of post-training support for S4123 - Project Controlling in SAP S/4HANA Project System, including session recordings, lab access, exam prep, and mentorship. Learners benefit from free rescheduling (7+ days’ notice) and a 100% happiness guarantee, offering full refunds if dissatisfied within 24 hours of the first session.
What are the prerequisites for enrolling in S4123 - Project Controlling in SAP S/4HANA Project System?
The primary prerequisite is completion of S4120 - Business Processes in SAP S/4HANA Project System. While no specific SAP experience is mandatory, familiarity with project management, SAP navigation, and financial controlling is highly recommended to maximize the value of the course content and hands-on exercises.
What is the average salary for professionals with SAP S/4HANA Project Systems certification, and what roles does it support?
Certified SAP S/4HANA Project Systems consultants earn $110,000–$135,000 annually in the US, filling roles like Project Controller, PS Consultant, and SAP Project Manager. In Germany, salaries range from €70,000 to €95,000, reflecting high demand across engineering, construction, and enterprise project management sectors.
How does instructor-led training for S4123 - Project Controlling in SAP S/4HANA Project System compare to self-study?
Instructor-led S4123 - Project Controlling in SAP S/4HANA Project System training boosts certification success via structured learning, real-time mentorship, and labs. Koenig’s format provides expert guidance and system exercises, ensuring better retention and practical application than unguided study using only SAP Learning Hub or public resources.

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