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Course Outline

Introduction to SAP S/4HANA and Finance

  • Architectural overview of SAP S/4HANA
  • Primary innovations in the finance domain of SAP S/4HANA
  • Fiori applications designed for financial workflows
  • The Universal Journal: A unified source for financial and managerial accounting

Financial Accounting (FI) Fundamentals

  • Overview of the FI module within SAP S/4HANA
  • General Ledger (GL) accounting processes
  • Management of Accounts Payable (AP) and Accounts Receivable (AR)
  • Asset accounting and its alignment with FI processes
  • Significant distinctions between ECC and S/4HANA regarding FI operations

Management Accounting (CO) Fundamentals

  • Overview of the CO module within SAP S/4HANA
  • Cost element accounting and its integration with FI
  • Accounting for cost centers and profit centers
  • Administration and management of internal orders
  • Profitability Analysis (CO-PA)

Critical Integrations with Other SAP Modules

  • Alignment of FI with Sales and Distribution (SD) and Materials Management (MM)
  • Financial Supply Chain Management (FSCM) concepts
  • Treasury and Risk Management features in SAP S/4HANA
  • Overview of financial consolidation utilities

Financial Closing and Reporting Processes

  • Financial close workflows in SAP S/4HANA
  • Essential Fiori apps for monitoring financial close activities
  • Introduction to financial statements in SAP S/4HANA (including Balance Sheet and Profit & Loss)
  • Consolidation strategies using Group Reporting tools

Planning and Budgeting within SAP S/4HANA

  • Overview of Integrated Business Planning (IBP) for financial scenarios
  • Processes for budgeting and forecasting
  • Real-time planning and analytics leveraging SAP Analytics Cloud (SAC)
  • Financial planning utilizing embedded analytics

SAP Central Finance

  • Introduction to the SAP Central Finance concept
  • Practical use cases and advantages of Central Finance
  • Real-time financial data replication from other SAP and non-SAP systems
  • Key considerations for implementing Central Finance

Emerging Innovations and Future Trends in SAP Finance

  • Application of Machine Learning and AI in finance (including process automation)
  • Predictive accounting and reporting methodologies
  • Advanced analytics for deriving financial insights
  • Upcoming trends in digital finance

Summary and Recommended Next Steps

Requirements

  • Foundational knowledge of finance and accounting principles

Target Audience

  • Finance specialists
  • Business analysts
 14 Hours

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