Ready to close your books in SAP S/4HANA? Walk through the end-to-end process, from preclose to year-end close. Review specific activities for period-end close, management accounting close, group reporting, and consolidation. Then streamline your task management with SAP Advanced Financial Closing. Manage tax compliance and reporting, preview future innovations, and more with this complete guide!

Highlights include:

1)Master data

2)Organizational structure

3)Cost objects

4)Upstream activities

5)Month-end close

6)Management accounting close

7)Annual close

8)Group reporting and consolidation

9)SAP Advanced Financial Closing

10)Tax reporting and compliance

11)Analytics

Analyze and monitor close activities with key SAP Fiori apps and solutions like SAP Analytics Cloud

Autorentext
Srinivas Sriram is the group reporting North America leader at TruQua, an IBM Company, where he drives business value for clients by implementing strategic technology solutions. His more than 20 years of experience covers financial data model design, system integration architecture, financial consolidation and financial planning, data analytics and performance management solutions, and end-to-end close solutions incorporating management and legal requirements using SAP S/4HANA Finance, group reporting, SAP Business Planning and Consolidation, Real-Time Consolidation, SAP Analytics Cloud, BlackLine, and Workiva. Srinivas has diverse experience across multiple industries, including in technology, consumer goods, healthcare, and utilities.

Inhalt

... Preface ... 15

... The Objective of This Book ... 15

... The Structure of This Book ... 15

... Acknowledgments ... 17

... Conclusion ... 17

1 ... Introduction to SAP S/4HANA and Financial Close ... 19

1.1 ... Overview of Financial Close ... 19

1.2 ... Historical View of Close in SAP ERP ... 20

1.3 ... Evolution of Financial Close ... 21

1.4 ... Financial Close with SAP S/4HANA ... 23

1.5 ... Typical Closing Calendar, Tasks, and Ownership ... 25

1.6 ... Policy, Compliance, and Segregation of Duties ... 28

1.7 ... Summary ... 30

2 ... Organizational Structures, Master Data, and Cost Objects ... 31

2.1 ... Overview of Data Elements ... 31

2.2 ... Financial Accounting ... 34

2.3 ... Management Accounting ... 50

2.4 ... Additional Dependent Master Data and Cost Objects ... 75

2.5 ... Summary ... 88

3 ... Financial Accounting Preclose and Upstream Activities ... 89

3.1 ... Overview of Upstream Activities ... 89

3.2 ... Accounts Payable ... 91

3.3 ... Goods Receipt/Invoice Receipt ... 123

3.4 ... Accounts Receivable ... 132

3.5 ... Allowance for Doubtful Accounts and Write-Offs ... 169

3.6 ... Revenue Recognition ... 179

3.7 ... Summary ... 186

4 ... Financial Accounting Close ... 187

4.1 ... Open and Close Posting Periods ... 188

4.2 ... Internal Orders and Project Close ... 190

4.3 ... Fixed-Asset Close and Dependence on Capital Projects ... 198

4.4 ... Intercompany Transaction Management ... 221

4.5 ... Currency Revaluation ... 236

4.6 ... Journals and Accruals ... 256

4.7 ... Account Reconciliation ... 275

4.8 ... General Ledger Allocations ... 292

4.9 ... Summary ... 295

5 ... Management Accounting Close ... 297

5.1 ... Inventory Accounting and Costing ... 297

5.2 ... Management Allocations ... 321

5.3 ... Profitability Reporting ... 334

5.4 ... Summary ... 349

6 ... Annual Close ... 351

6.1 ... Reviewing and Reconciling Year-End Balances ... 351

6.2 ... Tax Returns and Compliance ... 354

6.3 ... Carrying Forward Balances into the New Fiscal Year ... 359

6.4 ... Summary ... 361

7 ... Consolidation and Group Closing ... 363

7.1 ... Implementation Approaches, Setup, and Data Models ... 363

7.2 ... Data Monitor and Consolidation Monitor ... 371

7.3 ... Group Reporting Accounting Integration and Data Collection ... 373

7.4 ... Consolidation Processing and Reporting ... 391

7.5 ... Summary ... 413

8 ... Close Automation and Analytics ... 415

8.1 ... SAP Advanced Financial Closing ... 417

8.2 ... Task Management ... 463

8.3 ... Business Process Automation and Business Process Mining ... 471

8.4 ... Close Analytics and KPIs ... 474

8.5 ... Summary ... 478

9 ... Tax and Compliance Management ... 479

9.1 ... Tax Calculation and Provision ... 479

9.2 ... Tax Reporting and Compliance ... 484

9.3 ... Summary ... 492

10 ... Current and Future Innovations ... 493

10.1 ... Artificial Intelligence and Generative AI ... 494

10.2 ... Universal Parallel Accounting and Value Chain Analysis ... 506

10.3 ... Sustainability and SAP Green Ledger ... 510

10.4 ... Future Capabilities in Financial Close ... 514

10.5 ... Summary ... 518

... The Authors ... 519

... Index ... 523