SAP S/4HANA Central Finance and Group Reporting: Integrate SAP S/4HANA ERP Systems into Your Financial Data and Workflows for More Agility

by Sudipta Malakar

Length: 222 pages
Edition: 1
Language: English
Publisher: BPB Publications
Publication Date: 2022-05-04
ISBN-10: 9355511531
ISBN-13: 9789355511539
Sales Rank: #0 (See Top 100 Books)

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Print Book Look Inside

Put together a centralised repository for all financial information and alter it as you see fit

Key Features

Expert-led approach to implementing S/4 Central Finance in a wide range of companies.
Solution-focused responses on Central Finance, Group reporting, BPC, and Fiori.
Preparation guide for the certification exam and SAP S/4HANA Interview.

Description

Your SAP S/4HANA journey has just begun. This book details several processes, methods, and expert strategies for integrating central finance into your IT systems, streamlining finance operations, data reporting, and master data preparation.

With the help of this book, you’ll learn all you need to know to get the most out of SAP S/4HANA Central Finance, SAP Group Reporting, BPC, Fiori, and other cutting-edge technologies. This book includes numerous examples to demonstrate the essentials of SAP S/4HANA Central Finance, SAP Group reporting, BPC, and Fiori. It offers extensive hands-on practice utilizing SAP S/4HANA standards to demonstrate Fiori, BPC, SAP S/4HANA Central Finance, and Group reporting. The book contains many applications and projects from throughout the industry spectrum. Interviewing for a job and passing the SAP Certification exam can be made easier with the help of this book!

After reading this book you will be able to perform SAP S/4HANA Central Finance and SAP Group reporting operations. You can also define complex activities in SAP S/4HANA.

What you will learn

Conduct the implementation of Central Finance in your IT environment.
Consolidate your SAP S/4HANA system’s finances.
Carry out currency conversion, intercompany elimination, financial closure, and reporting.
Perform a BPC Evaluation.
Carry out SAP S/4HANA Central Finance and Group reporting functions.
Utilize Fiori applications to perform SAP S/4HANA operations.

Who this book is for

This book is a must for SAP consultants, architects, and project managers who wish to become proficient in the SAP S/4HANA project life cycle phases.

Cover Page
Title Page
Copyright Page
Dedication
About the Author
About the Reviewer
Acknowledgement
Preface
Errata
Table of Contents
Introduction
1. Key Success Factors for Adopting S/4 Central Finance in an Organization
    Introduction
    Structure
    Objectives
    Introduction to S/4 Central Finance
        Central Journal
            Problem statement
            Objective
            Outcome
        Central Finance (CFIN / CF)
        Central Finance functions
    S/4 Central Finance simplifications
    Challenges to prepare consolidate reporting
        Top challenges without using CFIN
        Top benefits that Central Finance offers
        Source system prerequisites
    Prerequisites – Technical (Hardware)
    Target customers
    Top benefits that Central Finance offers
    Benefits – S/4 Central Finance version 2020
        Processes
        Reporting
        Others
    SAP S/4 Central finance solution map
        Third-party system connection to Central Finance - Solution overview
    S/4 Central Finance - Architecture and systems
    S/4 Central Finance innovations
        Fast closing
        Cash flow management
        Group financial processes and system standardization
        Profitability analysis
        Budgeting and planning
        Intercompany reconciliation
        Merger and acquisition
        Legal entity does business in different sectors
    SAP S/4 HANA Central Finance value proposition summary
    CFIN requirements
    CFIN Capabilities and S/4 Central Finance version 2021
    SAP S/4 HANA Central Finance standard deployment options
    SAP S/4 HANA Central Finance factors to consider
    SAP-S/4HANA-Central-Finance-options
    How Central Finance leads us toward digital transformation
    FIORI (UX) – High-end level
    From source replicated objects to S/4 Central Finance
    End-to-end scenarios
    Central Finance integration
    Central Finance configuration
    Central Finance errors
    Error correction via AIF
    Data Mapping Points in CF
    Replicated FI Document in CF
    Error Handling in CF Scenarios
    CF scenario in earlier/new releases enabled by replication of clearing
        General Ledger Accountant
        Financial analyst
        Cost manager
        Global cash manager
        Accounts payables/receivables accountant
        Balances account payables/Receivables manager
    Replication of document changes in CF
    CF approach - Challenges
    Key takeaways
        SAP S/4HANA Central Finance rollout
            Rollout
            Operating model
            Daily operation
    Conclusion
    Test yourself
        Answer Key
2. Pragmatic Approach - BPC, Fiori, S/4 Central Finance and SAP Group Reporting
    Introduction
    Structure
    Objectives
    S/4 Central Finance scenarios in nutshell
    S/4 Central Finance – High-level functional data flow
    SAP value proposition
        Strategy enablement
        IT benefits and TCO
        Empowered employees
        Business benefits
    S/4Central-Finance–Use-cases
        Central Finance – Use cases – 1
        Central Finance – Use cases – 2
        Central Finance – Use cases – 3
        Central Finance – Use cases – 4
            Problem
            Objective
            Outcome
    BPC key pain points and group reporting advantages
    S/4 Central Finance group reporting – Introduction
    S/4 Central Finance group reporting main features
        SAP S4HANA database
        FS items
        Validation
        Reporting
        Improved transparency with new GRDC data mapping traceability log
    S/4 Central Finance – Group reporting data flow at high end level
    S/4 Central Finance group reporting key concepts
        Consolidation ledger
        Consolidation group
        Consolidation unit
        Financial statement Item. (Aka FS item)
    S/4 Central Finance group reporting high level consolidation process
    S/4 Central Finance accounts receivables centralization – bigger picture
    S/4 Central Finance accounts payables centralization – bigger picture
    S/4 Central Process – Integration with SD
    Corporate Finance Processes – Vendor open item management
    Corporate Finance Processes – Customer open item management
    S/4CFIN – Types of replications
    S/4 Central Finance – Credit management
        What is Credit Management?
    S/4 Central Finance – Collection management
        What Collection Management does
    S/4Central Finance – Dispute management
        What dispute management does
    Challenges in intercompany reconciliations in SAP ERP
        Top challenges without using S4 CFIN
    S/4 Central Finance – Intercompany Matching and Reconciliation (ICMR)
    S4 Central Finance Group reporting new configuration node & master data
        Customizable Objects
    SAP Finance Strategy: Continuous Accounting - Key capabilities in Finance
        Live
        Trusted
        Open
        Simple
    S4 Central Finance Group reporting – Types of reporting
        Consolidations monitor
        Master data
        Data monitor
        Local reporting
        Consolidation reporting
        SAP analytical cloud
        Document flow functionality in Central Finance
    Fiori – Drill-Back to source document
    KPI Tiles: no more looking for work
    Central finance – Market view
        SLT as technical integration platform
        SLT – Connections
        SLT – Deployments
            Option 1 – SLT is deployed on a separate instance
            Advantages of option 1
            Disadvantages of option 1
            Option 2 – SLT is deployed in the source system
            Advantages of option 2
            Disadvantages of option 2
            Option 3 – SLT is deployed in the central finance system
            Advantages of option 3
            Disadvantages of option 3
            SAP LT Replication Server: Highlights
        Initial Load
        Prepare for initial load in Source system
        Types of Initial Loads
        Order of execution of initial load
            1. Initial load of FICO posting
            2. Initial load of Cost Objects and secondary postings
        Testing – Initial load
        Real-time replication
        Recommendation
        Real-time replication – Errors and their handling
    Types of source systems and prerequisites - SAP source system
        Prerequisites for SAP source system
    SAP Group reporting proof of concept
    Central Finance – Packages
    Master data setup and data mapping
        Master data setup (Mapping)
        Ways to Map master data
        Data mapping
        Data mapping types
        Data Mapping categories
    Group reporting – Tools
        SAP S4HANA Embedded Analytics
    BPC assessment questionnaire
    Key takeaways
        Built with the Universal Journal
        Reduced total cost of ownership
        Unified consolidation and transactional activities
        Single source of truth and book of record
        Reduced time to close
        Continuous accounting
    Conclusion
    Test yourself
        Answer Key
3. Interview Questions and Answers on BPC, Central Finance and Group Reporting
    Introduction
    Structure
    Objectives
        SAP S/4HANA Interview Questions
        Shared Service Center
        Business Process Owner
        Master Data Governance and Owner
        Authorization and Controls
        IT Architects Strategy
        Business Unit Controller and Management
        Corporate Controller and Management
        Corporate CFO/CIO
    Focus on Benefits and Outcomes
        Lead, Communicate, and Engage
        Develop Capability and Capacity
        Design Organization and Governance
        Align Individuals and Teams
    Conclusion
Glossary
    SAP HANA
    SAP S/4HANA
    SAP central finance
    SAP S/4HANA finance
    Posting Level
    Document Type
    Consolidation Unit
    Consolidation Group
    Partner Unit
    Financial Statement item
    Version
    Transaction type
    Intercompany Reconciliation Process (‏40Y‏)
    Client
    Segment
    Cost Center
    Document Splitting
    Cash journal
    Posting Level
    Document Type
    Consolidation Unit
    Consolidation Group
    Partner Unit
    Financial Statement item
    Version
    Subitem
References
    Central Finance
    AIF for Central Finance
    SLT for Central Finance
    SLD for Central Finance
    Central Finance
    AIF for Central Finance
    SLT for Central Finance
    SLD for Central Finance
    SAP Group Reporting Data Collection
    Source System Prerequisites - Important notes for source systems
Index