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Course Outline

Introduction to SAP S/4HANA and Financials

  • Architectural framework of SAP S/4HANA
  • Core advancements in SAP S/4HANA Finance
  • Fiori applications supporting financial workflows
  • The Universal Journal: Unified repository for financial and managerial accounting data

Overview of Financial Accounting (FI)

  • Functional scope of the FI component in SAP S/4HANA
  • General Ledger (GL) accounting procedures
  • Management of Accounts Payable (AP) and Accounts Receivable (AR)
  • Asset Accounting functions and their integration with FI
  • Distinctions between ECC and S/4HANA regarding FI processes

Overview of Management Accounting (CO)

  • Functional scope of the CO component in SAP S/4HANA
  • Cost Element Accounting and its interaction with FI
  • Cost Center and Profit Center Accounting mechanisms
  • Administration and control of Internal Orders
  • Profitability Analysis (CO-PA) capabilities

Integration with Other SAP Modules

  • Financial integration with Sales and Distribution (SD) and Materials Management (MM)
  • Financial Supply Chain Management (FSCM) functions
  • Treasury and Risk Management capabilities in SAP S/4HANA
  • Overview of tools for financial consolidation

Financial Closing and Reporting Procedures

  • Financial close operations within SAP S/4HANA
  • Essential Fiori apps for monitoring financial close activities
  • Generation of financial statements in SAP S/4HANA (Balance Sheet, Profit & Loss)
  • Consolidation using Group Reporting tools

Planning and Budgeting Processes in SAP S/4HANA

  • Integrated Business Planning (IBP) for finance functions
  • Budgeting and forecasting methodologies
  • Real-time planning and analysis via SAP Analytics Cloud (SAC)
  • Financial planning utilizing embedded analytics

SAP Central Finance

  • Introduction to the SAP Central Finance solution
  • Operational use cases and strategic benefits of Central Finance
  • Real-time replication of financial data from SAP and non-SAP source systems
  • Critical considerations for implementing Central Finance

Key Innovations and Future Trends in SAP Financials

  • Application of Machine Learning and AI to automate financial processes
  • Capabilities for predictive accounting and reporting
  • Advanced analytics for deriving financial insights
  • Emerging trends in digital finance operations

Summary and Next Steps

Requirements

  • Fundamental knowledge of financial and accounting standards

Target Audience

  • Finance specialists
  • Business analysts
 14 Hours

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