SAP Simple Finance (1511)

training

Nitin G.

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SAP Simple Finance add on

Overview of SAP HANA
Overview of the SAP Simple Finance add on
The Universal Journal
Migration to the SAP Simple Finance add on
The New Asset Accounting
Results of the migration

Contents developed by Nitin G.

SAP Simple Finance add on

Overview of SAP HANA
Overview of the SAP Simple Finance add on
The Universal Journal
Migration to the SAP Simple Finance add on
The New Asset Accounting
Results of the migration

Contents developed by Nitin G.

The Universal Journal

The universal journal entry is the unified data storage for

both financial accounting (FI) and management accounting (or
controlling (CO)) It contains all of the relevant accounting
data, details about, for example, customers, vendors, assets,
products, and regions. This means all of the accounting data is
always available at the same time for analysis in each report
that is based on the universal journal entry. In addition, you
can enhance the journal entry with your own fields.

Financial accounting and controlling are continually being

reconciled. As a result, you can carry out month-end closing
more quickly. All accounts, even the secondary cost elements
required for controlling - are portrayed uniformly as G/L
accounts. A journal entry is similarly created for internal
clearing, such as cost center assessments and distributions.

Contents developed by Nitin G.

The Universal Journal

Account-based profitability analysis is also fully integrated in

the journal entry. This ensures a continual account-based
reconciliation between financial accounting and controlling.
The differentiated display of the cost of sales in various cost
components (for instance, material costs, production costs
and overhead) is also possible with accounts. You can carry
out both account-based and costing-based profitability
analysis in parallel.

Processing and analysis of data is based on line items rather

than pre-configured totals, so that you can achieve the highest
level of granularity available. Moreover, you do not have to set
up aggregates before evaluating the data, which limits the type
of analysis you can do and the speed of the analysis. With SAP
HANA, you can perform your analysis quickly. This covers all
the dimensions that you have in your line items.

Contents developed by Nitin G.

The Universal Journal

A document containing all relevant data for a business

transaction that has been posted in one of the following
application components:

General Ledger Accounting (FI-GL)

Asset Accounting (FI-AA)
Controlling (CO)
Exception: Costing-based Profitability Analysis (CO-PA)
Material Ledger (CO-PC-ACT)

The universal journal entry can be used for reporting on legal

requirements, responsibilities, and the market. Examples of
such reporting are: spend analysis by area of responsibility,
profit and loss (P&L) statement by market segment, and WIP
analysis by cost object. The universal journal entry links
Financial Accounting (FI) with Controlling (CO) and
Profitability Analysis (CO-PA) at the line item level

Contents developed by Nitin G.

Contents developed by Nitin G.

Contents developed by Nitin G.

Contents developed by Nitin G.

Q&A

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Contents developed by Nitin G.