SAP S/4HANA Financial Accounting Configuration (eBook)

Upgrade your knowledge to learn S/4HANA, the latest version of the SAP ERP system, with its built-in intelligent technologies, including AI, machine learning, and advanced analytics.

Since the first edition of this book published as SAP ERP Financial and Controlling: Configuration and Use Management, the perspective has changed significantly as S/4HANA now comes with new features, such as FIORI (new GUI), which focuses on flexible app style development and interactivity with mobile phones. It also has a universal journal, which helps in data integration in a single location, such as centralized processing, and is faster than ECC S/3. It merges FI & CO efficiently, which enables document posting in the Controlling area setup. General Ledger Accounts (FI) and Cost Element (CO) are mapped together in a way that cost elements (both primary and secondary) are part of G/L accounts. And a mandatory setup of customer-vendor integration with business partners is included vs the earlier ECC creation with separate vendor master and customer master.

This updated edition presents new features in SAP S/4HANA, with in-depth coverage of the FI syllabus in SAP S/4HANA. A practical and hands-on approach includes scenarios with real-life examples and practical illustrations. There is no unnecessary jargon in this configuration and end-user manual.

Andrew Okungbowa is an accountant and a business advisor with 20+ years of experience solving complex business issues. He is an acclaimed author of several books in accounting and finance. He also co-founded Spoxio App, a sports app design for sports professionals, sports enthusiasts, and fans to network on a mobile app.

Andrew holds a combined bachelor's degree in accounting and IT, a master's degree in Investment and Finance, and an associate status with the Institute of Financial Accountants. He has over 15 years of experience in SAP FI/CO consulting and over 20 years of accounting and finance experience in a number of FTSE 100/250 companies in the UK and abroad.

Andrew has sat on the board of several companies in the UK, such as Changing Lives Housing Trust, and Twenty-Fifth Avenue Ltd.

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Upgrade your knowledge to learn S/4HANA, the latest version of the SAP ERP system, with its built-in intelligent technologies, including AI, machine learning, and advanced analytics.Since the first edition of this book published as SAP ERP Financial and Controlling: Configuration and Use Management, the perspective has changed significantly as S/4HANA now comes with new features, such as FIORI (new GUI), which focuses on flexible app style development and interactivity with mobile phones. It also has a universal journal, which helps in data integration in a single location, such as centralized processing, and is faster than ECC S/3. It merges FI & CO efficiently, which enables document posting in the Controlling area setup. General Ledger Accounts (FI) and Cost Element (CO) are mapped together in a way that cost elements (both primary and secondary) are part of G/L accounts. And a mandatory setup of customer-vendor integration with business partners is included vs the earlier ECC creation with separate vendor master and customer master.This updated edition presents new features in SAP S/4HANA, with in-depth coverage of the FI syllabus in SAP S/4HANA. A practical and hands-on approach includes scenarios with real-life examples and practical illustrations. There is no unnecessary jargon in this configuration and end-user manual.What You Will LearnConfigure SAP FI as a pro in S/4Master core aspects of Financial Accounting and ControllingIntegrate SAP Financial with other SAP modulesGain a thorough hands-on experience with IMG (Implementation Guide)Understand and explain the functionalities of SAP FIWho This Book Is ForFI consultants, trainers, developers, accountants, and SAP FI support organizations will find the book an excellent reference guide. Beginners without prior FI configuration experience will find the step-by-step illustrations to be practical and great hands-on experience.