This document discusses migrating to a new General Ledger Accounting system in SAP, which requires initiating a separate project with phases to transfer legacy data. The migration project and new General Ledger implementation must address both technical and process aspects, and are not just data transfers. The SAP General Ledger Migration service helps customers migrate their data from the classic General Ledger to the new system and ensures data consistency, through scenario validation sessions, test validation sessions, and a Migration Cockpit user interface to guide the process.
Migration Guide For SAP S/4 HANA 1809 FICORakesh Patil
You will find as well industry innovations like: Retail and Fashion with new business scenarios including new planning strategies enhanced with segmentation functionality. Banking, coming this release with and Loans Management / Deposits Management enhancements.
Migration Guide For SAP S/4 HANA 1809 FICORakesh Patil
You will find as well industry innovations like: Retail and Fashion with new business scenarios including new planning strategies enhanced with segmentation functionality. Banking, coming this release with and Loans Management / Deposits Management enhancements.
SAP Innovations:Are you overlooking important functionality in SAP ControllingAlice Adams
While it’s hard to miss marketing information on SAP Fiori and SAP HANA, there are lots of other innovations in SAP Controlling you may be overlooking. Many of the innovations that went under the SAP HANA umbrella can be used on any ERP system. In this session we’ll cover:
• Using virtual InfoProviders on ERP table structures to enable new reporting in SAP Material Ledger and Profitability Analysis (account-based and costing-based)
• Activating some business functions delivered in recent enhancement packages, such as cross-company actual costing, parallel cost of goods manufactured, operation level costing, stock in transit, and many more
• Leveraging cross-company actual costing to allow SAP Material Ledger to transfer values across company codes and stock in transit as a logistics enabler
• Using parallel cost of goods manufactured and parallel asset accounting to extend parallel accounting functions originally delivered with new general ledger
Walk away with tips for modernizing your company’s CO-PA and SAP Material Ledger reporting.
5 tips for sap material master buyer and planner functionsJohn Jordan
On January 31, 2014 SAP Material Master – A Practical Guide author Matt Johnson shared his top 5 tips for buyer and planner functions in SAP Material Master.
Topics discussed included::
Key buyer and planner concepts in SAP Material Master
How to leverage buying power on economies of scale
Benefits of the automatic reordering mrp types
What is Simple Finance?
It is a single source of truth for accounting
Remove Index and aggregation tables not needed
Logic Document
Embedded Analytics
New user interface utilizing SAP Fiori apps
Speed up the month-end processes
Integrated planning
Enhancement Packages 5 & 6 – Where to find the business functions that matter...John Jordan
When SAP introduced the concept of enhancement packages and packaged functionality in business functions, administrators were relieved that they would not have to test everything when they upgraded. However, it made some business functions difficult to locate.
In this session from Controlling 2014, Janet Salmon dives into hard to find functionality important to Controllers including:
1. FIN_CO_COGM: Parallel valuation of cost of goods manufactured allows for different costing approaches for each accounting principle your company follows
2. LOG_MM_SIT: Actual costing and stock in transit allows you to pass production variances to other plants, even if they are assigned to other company codes
3. LOG_EAM_OLC: Operation level costing provides a more detailed view of your service and maintenance costs
4. FIN_CO_CCMGMT: New user interfaces for cost center, order and activity type master data and first planning applications
5. FIN_CO_CCPLAN and FIN_CO_ORPLAN: New user interfaces for cost center planning, order planning, and project planning
Leave this session with the ability to go back to the office and quickly identify and use the business functions that benefit you.
SAP S/4HANA Finance is a robust solution powered by SAP HANA for the CFO office. It provides instant insights with on-the-fly analysis across practically all dimensions of financial data. In addition, the new HANA data model removes system limitations linked to data aggregation. Want to learn more about the new changes introduced by SAP S/4HANA Finance?
View this PPT and tune in to the webinar presented by Rengaswamy at https://ktern.com/webinar/realtime-financial-closing-s4hana where he explains the technicalities of SAP S/4HANA Finance and the business impact of moving from ECC finance to S/4HANA finance.
Case study material ledger implementation lessons learnedJohannes Le Roux
Material Ledger as implementaion as part of their initial SAP implementation or during a future rollout phase. In this session we’ll cover:
Why implementing SAP Material Ledger as part of your initial SAP implementation will Levegage Material Ledger as a springboard to SAP Profitability and Cost Management software
Account-based COPA is also called a hybrid of general ledger and costing-based COPA. In Account based COPA, you can get a report that is reconciled and consistent with financial accounting. Sales, markeitng and product management details can be obtained from it.
COPA is one of the components of controlling modules of SAP which deals with reporting of profitability across various dimensions. CO-PA stands for controlling-profitability analysis which is commonly referred to as SAP-COPA. It enables you to evaluate your company’s profit or contribution margin by market segment or by strategic business unit (such as a sales organization or profit centre).
This presentation covers Sage X3 year-end planning including: period-end close process including a checklist for your GL, financial data extraction and reporting, and compliance.
Combined COPA allows organizations to analyze profit-related transactions (such as the invoicing of a customer or consumption through delivery), both in the form of value fields and also in the form of accounts to which posting takes place in financial accounting.
Whats New in Microsoft Dynamics GP 2015Armanino LLP
Take a look at important new features in the latest release of Microsoft Dynamics GP 2015 & GP 2013 R2, such as:
- Control
- Reporting
- Productivity
- System Administration
This presentation also covers:
- New features by module in GP 2015 & GP 2013 R2
- Important Microsoft support cut-off dates
- Upgrade paths and processes from earlier versions of Dynamics GP.
Learn more at: http://learn.amllp.com/upgrade-to-microsoft-dynamics-gp-2015
SAP Accounting powered by SAP HANA – Moving controlling and finance closer to...John Jordan
New users have traditionally struggled to understand the way SAP separates Financial Accounting and Management Accounting where most legacy systems see the two as one. While it’s easy enough to understand how a payroll account flows from the profit and loss statement into cost center accounting because the account information stays the same, the situation becomes more challenging as a revenue account flows into profitability analysis and is transformed into a value field, or a cost of goods sold account becomes multiple value fields depending on the cost components involved. In its latest product release, SAP is bringing the two worlds closer together. In this session we’ll look at how SAP is addressing these issues with its new product SAP Accounting powered by SAP HANA, part of SAP Simple Finance. This presentation will delve into how the requirements for internal and external reporting are converging and how this convergence impacts SAP Controlling.
This session will cover:
*Changes to report revenue and cost of goods sold by the CO-PA dimensions and how break out the cost of goods sold into multiple accounts
*How overhead is captured and allocated either from cost centers to CO-PA dimensions (assessment) or from high-level to lower-level CO-PA dimensions (top-down distribution)
*The underlying architecture and how FI and CO line items are linked.
*New reports that visualize the transformation of expense into cost of goods sold, work in process, and assets under construction
*How the period close process has been accelerated in SAP Controlling
Get a sneak peak at the first planning applications that allow you to plan costs according to the new paradigm of SAP Simple Finance, where the account is the leading dimension for all accounting activities.
SAP Innovations:Are you overlooking important functionality in SAP ControllingAlice Adams
While it’s hard to miss marketing information on SAP Fiori and SAP HANA, there are lots of other innovations in SAP Controlling you may be overlooking. Many of the innovations that went under the SAP HANA umbrella can be used on any ERP system. In this session we’ll cover:
• Using virtual InfoProviders on ERP table structures to enable new reporting in SAP Material Ledger and Profitability Analysis (account-based and costing-based)
• Activating some business functions delivered in recent enhancement packages, such as cross-company actual costing, parallel cost of goods manufactured, operation level costing, stock in transit, and many more
• Leveraging cross-company actual costing to allow SAP Material Ledger to transfer values across company codes and stock in transit as a logistics enabler
• Using parallel cost of goods manufactured and parallel asset accounting to extend parallel accounting functions originally delivered with new general ledger
Walk away with tips for modernizing your company’s CO-PA and SAP Material Ledger reporting.
5 tips for sap material master buyer and planner functionsJohn Jordan
On January 31, 2014 SAP Material Master – A Practical Guide author Matt Johnson shared his top 5 tips for buyer and planner functions in SAP Material Master.
Topics discussed included::
Key buyer and planner concepts in SAP Material Master
How to leverage buying power on economies of scale
Benefits of the automatic reordering mrp types
What is Simple Finance?
It is a single source of truth for accounting
Remove Index and aggregation tables not needed
Logic Document
Embedded Analytics
New user interface utilizing SAP Fiori apps
Speed up the month-end processes
Integrated planning
Enhancement Packages 5 & 6 – Where to find the business functions that matter...John Jordan
When SAP introduced the concept of enhancement packages and packaged functionality in business functions, administrators were relieved that they would not have to test everything when they upgraded. However, it made some business functions difficult to locate.
In this session from Controlling 2014, Janet Salmon dives into hard to find functionality important to Controllers including:
1. FIN_CO_COGM: Parallel valuation of cost of goods manufactured allows for different costing approaches for each accounting principle your company follows
2. LOG_MM_SIT: Actual costing and stock in transit allows you to pass production variances to other plants, even if they are assigned to other company codes
3. LOG_EAM_OLC: Operation level costing provides a more detailed view of your service and maintenance costs
4. FIN_CO_CCMGMT: New user interfaces for cost center, order and activity type master data and first planning applications
5. FIN_CO_CCPLAN and FIN_CO_ORPLAN: New user interfaces for cost center planning, order planning, and project planning
Leave this session with the ability to go back to the office and quickly identify and use the business functions that benefit you.
SAP S/4HANA Finance is a robust solution powered by SAP HANA for the CFO office. It provides instant insights with on-the-fly analysis across practically all dimensions of financial data. In addition, the new HANA data model removes system limitations linked to data aggregation. Want to learn more about the new changes introduced by SAP S/4HANA Finance?
View this PPT and tune in to the webinar presented by Rengaswamy at https://ktern.com/webinar/realtime-financial-closing-s4hana where he explains the technicalities of SAP S/4HANA Finance and the business impact of moving from ECC finance to S/4HANA finance.
Case study material ledger implementation lessons learnedJohannes Le Roux
Material Ledger as implementaion as part of their initial SAP implementation or during a future rollout phase. In this session we’ll cover:
Why implementing SAP Material Ledger as part of your initial SAP implementation will Levegage Material Ledger as a springboard to SAP Profitability and Cost Management software
Account-based COPA is also called a hybrid of general ledger and costing-based COPA. In Account based COPA, you can get a report that is reconciled and consistent with financial accounting. Sales, markeitng and product management details can be obtained from it.
COPA is one of the components of controlling modules of SAP which deals with reporting of profitability across various dimensions. CO-PA stands for controlling-profitability analysis which is commonly referred to as SAP-COPA. It enables you to evaluate your company’s profit or contribution margin by market segment or by strategic business unit (such as a sales organization or profit centre).
This presentation covers Sage X3 year-end planning including: period-end close process including a checklist for your GL, financial data extraction and reporting, and compliance.
Combined COPA allows organizations to analyze profit-related transactions (such as the invoicing of a customer or consumption through delivery), both in the form of value fields and also in the form of accounts to which posting takes place in financial accounting.
Whats New in Microsoft Dynamics GP 2015Armanino LLP
Take a look at important new features in the latest release of Microsoft Dynamics GP 2015 & GP 2013 R2, such as:
- Control
- Reporting
- Productivity
- System Administration
This presentation also covers:
- New features by module in GP 2015 & GP 2013 R2
- Important Microsoft support cut-off dates
- Upgrade paths and processes from earlier versions of Dynamics GP.
Learn more at: http://learn.amllp.com/upgrade-to-microsoft-dynamics-gp-2015
SAP Accounting powered by SAP HANA – Moving controlling and finance closer to...John Jordan
New users have traditionally struggled to understand the way SAP separates Financial Accounting and Management Accounting where most legacy systems see the two as one. While it’s easy enough to understand how a payroll account flows from the profit and loss statement into cost center accounting because the account information stays the same, the situation becomes more challenging as a revenue account flows into profitability analysis and is transformed into a value field, or a cost of goods sold account becomes multiple value fields depending on the cost components involved. In its latest product release, SAP is bringing the two worlds closer together. In this session we’ll look at how SAP is addressing these issues with its new product SAP Accounting powered by SAP HANA, part of SAP Simple Finance. This presentation will delve into how the requirements for internal and external reporting are converging and how this convergence impacts SAP Controlling.
This session will cover:
*Changes to report revenue and cost of goods sold by the CO-PA dimensions and how break out the cost of goods sold into multiple accounts
*How overhead is captured and allocated either from cost centers to CO-PA dimensions (assessment) or from high-level to lower-level CO-PA dimensions (top-down distribution)
*The underlying architecture and how FI and CO line items are linked.
*New reports that visualize the transformation of expense into cost of goods sold, work in process, and assets under construction
*How the period close process has been accelerated in SAP Controlling
Get a sneak peak at the first planning applications that allow you to plan costs according to the new paradigm of SAP Simple Finance, where the account is the leading dimension for all accounting activities.
This scope item describes the quotation processing in a standard Engineer-to-Order (ETO) environment.
SAP functionalities of Sales & Distribution (SD) and of Project System (PS) are used to control the complete process, from customer inquiry to the handover to project assembly (described in the scope item 240, ETO Project Assembly).
In addition to the SAP reporting functionality also the special purchasing functionality “long lead time procurement” is part of the process.
Deep integration to the project structuring and calculation allows for a consistent controlling of all steps and values
Copy functionalities – e.g. from inquiry to quotation – are facilitating compliance with the process rules
All values and parameters for the subsequent process (ETO 240) are available as default parameters
The option for the creation of project versions are allowing a continuous recording of all relevant values along the controlling process and a later comparison of the several situations
The long lead time procurement process is an important step to guarantee material availability on time
Cost planning, budgeting and comprehensive reporting functionality allows for a detailed controlling of the project
Example of a newsletter that I wrote for the Services Commerce Capabilities group, in which I explained the release scope items that the group had delivered in the past quarter, along with each item's associated business value to both customers and the company.
SAP FICO Interview Questions By Garudatrainingspiyushchawala
SAP FICO is a core SAP module that covers the financial and reporting segments of a business.
It consists of the interrelated component modules-FI (Financials) and CO (Controlling) with an
extensive set of sub-modules that cover every aspect of the financial and managerial accounting
for both external and internal reporting. Skilled FICO Technical and Functional Consultants are in
very high demand as enterprises world over have been moving to SAP as a single solution for their
business needs. As financial management forms the very basis for any business, SAP FICO has seen
a consistent increase in its implementation with a very high demand for FICO professionals. Garuda
Trainings has come out with a comprehensive online training course in SAP FICO to give our students
the much needed advantage in this highly competitive and sought after segment of the ERP industry.
Online SAP FICO Course Contents: FICO is an integration of two modules FI and CO and the below
curriculum has been segmented accordingly.
Contents:
1) An Introduction to SAP
2) The FI module and its architecture
3) General Ledger Accounting
4) Fixed Assets sub-module
5) The Account Receivables sub-module
6) The Accounts Payable sub-module
7) Integration with other SAP modules and business implementation and deployment
8) The CO module and its architecture, interaction with the FI and other SAP modules
9) Cost centres and profit centres accounting
10) Internal orders and profitability
11) Product costing and activity based costing
For More Info: http://garudatrainings.com/sap-fico-online-training/
Why Choose Us: Our online course in SAP FICO gives you a perfect flexibility of pursing the
course within your existing schedule as you can opt from weekend or weekday batches as per
your convenience. The training resources are prepared by experts with rich experience in SAP
implementations. All modules are led by trainers and are interactive with a recording ability for
future use and access. We offer a 24/7 access to training resources and technical support and give
you a perfect quality training course with an extra emphasis on practical exposure to real-time
implementation scenarios and live projects.
The Complete Advantage: We endeavour to give you a perfect career as a SAP FICO consultant and
our online training course also includes the advantage of placement assistance through our industry
network. To help our users easily clear the interview evaluation, we offer an extensive collection of
in-depth interview questionnaires along with tips of effectively writing resumes. Choose us to get
the perfect advantage in your career as an SAP FICO consultant.
Register For Free Demo:
www.Garudatrainings.com
Email Us:garudatrainings@gmail.com
Ph No:+1-508-841-6144
Becoming a Process Minding Organization - a Solution OverviewDafna Levy
While process mining is perceived by many as a very cool technology, yet companies are not willing to embrace it as warmly and quickly as expected. Managers still expect more convincing and significant added value. Another issue might be with offering process mining technology as somewhat detached solution and not taking into account BI solutions, which might already exist in a company.
The attached presentation proposes a solution which is based on an integration of ERP, BI and process mining technologies.
The technologies used enable a quick, easy and low cost “jumpstart” in order to increase ‘process minding’ in a company. Hope you find it useful!
2. In the case of both migration and a new system implementation with subsequent legacy data
transfer, you have to initiate a separate project with the corresponding project phases for the
procedure.
Hint: Both this implementation project and a new General Ledger Accounting project have to
resolve both technical and process-related aspects. They are not table swaps.
Note: To learn more about the default configuration of an SAP system and the activation of new
General Ledger Accounting, read SAP Note 756146.
3. These are some example parameters you should evaluate when setting up a migration project:
Which SAP components do you already use or have you been using to date?
Are you required to portray your accounting figures according to more than one set of
accounting principles (using parallel accounting)?
What does your target configuration in new General Ledger Accounting look like?
Which FI characteristics would you like to use in new General Ledger Accounting?
Do you want to produce a profit and loss statement according to cost of sales
accounting or period accounting?
4. This figure describes at which organizational structure level in SAP you activate the new General
Ledger Accounting.
5. All Financial Accounting (FI) documents for phase 1 that will be used in document splitting
(phase 2) should be checked to determine whether the postings can be used in new General
Ledger Accounting. This makes it easier to subsequently post the documents during the
migration.
Hint: This check takes place in the system using validation of document splitting.
6. This is an example to make the migration phase model easier to visualize.
7. It is clear that SAP is not using the SAP General Ledger Migration service to carry out the entire
new General Ledger Accounting project. The service only supports the customer project. -
Consulting services which may be required are not included in the service.
8. The components of the SAP General Ledger Migration service are as follows:
The SAP General Ledger Migration service
SAP service for migrating data from the classic General Ledger to new General Ledger
Accounting.
Service session for scenario validation and system analysis (SV)
Service event designed to check whether the migration package ordered by the customer
matches the customer’s business scenario. To do this, SAP extracts the required
information from the customer system and evaluates the data in one of its own systems.
New General Ledger Accounting Migration Cockpit
User interface enabling the customer to perform the migration, consisting of the
Migration Monitor and the Process Tree. The Migration Monitor is a process monitor in
which you can see the status and results of the migration. The Process Tree resembles
Customizing and maps all the steps to be carried out. These depend on the package and
are therefore put together on a scenario basis. In this way, the customer receives tailor-
made guidance through the migration process.
Service session for test validation (TV)
Service event comprising technical plausibility checks on the migrated data.
The SAP General Ledger Migration service ensures the quality of the project for migration to
new General Ledger Accounting and minimizes possible risks associated with the project. As
described, the service sessions verify the approach to the project and the performance of the data
migration and, therefore, contribute to ensuring data consistency after the migration. The