Financial Accounting with SAP S/4HANA: Business User Guide

by Jonas Tritschler, Stefan Walz, Reinhard Rupp, Nertila Mucka

Overview

"Running accounting in SAP S/4HANA Finance? This is your hands-on guide! Learn how financial accounting works with the Universal Journal and understand key organizational structures. Get step-by-step instructions to perform your finance tasks for the general ledger, accounts payable, accounts receivable, fixed assets, and customer projects and billing. With details on both classic SAP GUI transactions and modern SAP Fiori apps, as well as coverage of new event-based revenue recognition, you'll find everything you need in these pages!"--

Product Details

ISBN-13:	9781493224319
Publisher:	Rheinwerk Publishing, Inc.
Publication date:	09/26/2023
Edition description:	2nd ed.
Pages:	675
Product dimensions:	7.00(w) x 10.00(h) x (d)

About the Author

Jonas Tritschler is a managing director at FALK IT Audit & Consulting GmbH. As a certified accountant and holder of a PHD in accounting, taxation, and auditing, he trains CPAs in SAP for performing financial audits and internal control tests over the preparation of financial statements.Jonas is responsible for the audit and evaluation of IT systems and applications, and ensures the security and compliance of applications, especially in the sensitive areas of accounting and finance. In this role, he benefits from his experience as an SAP user, which he gained over many years as interim manager and CFO.

Stefan Walz is chief business process architect for SAP S/4HANA financials at SAP. He has more than 25 years of SAP financials experience through his work in SAP consulting and various roles in financials development. He is co-inventor of the Universal Journal management accounting and event-based revenue recognition. Today, Stefan is responsible for the process integration of the financials component to customer projects, service, and sales in SAP S/4HANA. He regularly works together with CO-Innovation customers.

Reinhard Rupp is a professor for controlling, finance, and accounting. With many years of experience as an auditor and 18 years of experience as a top executive/CFO in various companies, including responsibility for IT/SAP systems, he has a profound understanding of the practical requirements and an eye for the strategic possibilities of the new architecture.

Nertila Mucka is a senior consultant at FALK IT Audit & Consulting GmbH, holding a master’s degree in information technology and finance and accounting systems. She has 6 years of experience in reviewing accounting and ERP systems, especially finance and Basis components in SAP for compliance and security purposes. She is a co-teacher for SAP for certified accountants in Germany, and develops automated tools for reviewing settings for the SAP S/4HANA environment.

Table of Contents

... Foreword ... 15

... Preface ... 17

... Who This Book Is For ... 17

... How This Book Is Organized ... 17

... Acknowledgments ... 20

... Conclusion ... 20

1 ... Introduction to SAP S/4HANA ... 21

1.1 ... Deployment Models ... 21

1.2 ... Universal Journal ... 24

1.3 ... Simplifications ... 29

1.4 ... User Interfaces ... 35

1.5 ... Summary ... 41

2 ... Organizational Structure and Integration ... 43

2.1 ... Standard Financial Accounting Processes ... 43

2.2 ... Organizational Elements of Financial Accounting ... 49

2.3 ... Integration of Financial Accounting and Management Accounting ... 71

2.4 ... Summary ... 87

3 ... General Ledger Accounting ... 89

3.1 ... Record-to-Report ... 89

3.2 ... General Ledger Master Data ... 99

3.3 ... General Ledger Posting Documents ... 114

3.4 ... Resetting and Reversing Documents ... 149

3.5 ... Bank Accounting ... 158

3.6 ... General Ledger Period-End Closing ... 175

3.7 ... General Ledger Reporting ... 189

3.8 ... Summary ... 205

4 ... Accounts Payable ... 207

4.1 ... Purchase-to-Pay ... 208

4.2 ... Vendor Accounts ... 228

4.3 ... Vendor Invoices ... 239

4.4 ... Outgoing Payments ... 247

4.5 ... Process Exceptions ... 267

4.6 ... Accounts Payable Period-End Closing ... 275

4.7 ... Accounts Payable Reporting ... 301

4.8 ... Summary ... 313

5 ... Accounts Receivable ... 315

5.1 ... Order-to-Cash Process ... 316

5.2 ... Customer Accounts ... 328

5.3 ... Customer Invoices ... 337

5.4 ... Customer Payments ... 342

5.5 ... Process Exceptions ... 353

5.6 ... Dunning ... 363

5.7 ... Credit Management ... 368

5.8 ... Accounts Receivable Period-End Closing ... 375

5.9 ... Accounts Receivable Reporting ... 405

5.10 ... Summary ... 421

6 ... Fixed Asset Accounting ... 423

6.1 ... Acquire-to-Retire Process ... 424

6.2 ... Fixed Asset Accounts and Master Data ... 429

6.3 ... Fixed Asset Explorer ... 453

6.4 ... Asset Transactions ... 462

6.5 ... Fixed Assets Period-End Closing ... 485

6.6 ... Fixed Assets Reporting ... 503

6.7 ... Summary ... 515

7 ... Customer Project Accounting ... 517

7.1 ... Customer Project Scenario in SAP S/4HANA Cloud ... 518

7.2 ... Event-Based Revenue Recognition ... 554

7.3 ... Simplified Period-End Close ... 582

7.4 ... Summary ... 584

... The Authors ... 587

... Index ... 589