SAP S/4HANA Finance: Digital Transformation in Finance

Uplatz offers this comprehensive course on SAP S/4HANA Finance: Digital Transformation in Finance. It is a self-paced course with video lectures. You will be awarded Course Completion Certificate at the end of the course.

SAP S/4HANA Finance is the latest financial management solution from SAP, replacing older systems like SAP ERP Financials. It's designed to help businesses of all sizes manage their finances more efficiently in our digital age.

Imagine it as a central hub for all your financial information, giving you real-time insights and making it easier to make smart decisions.

SAP S/4HANA Finance is a game-changer for businesses, and learning it can be a valuable investment in your career.

How does it work?

SAP S/4HANA Finance uses the SAP HANA database, which stores data in memory instead of on traditional hard drives. This makes it much faster and more powerful. Think of it like having all your financial data at your fingertips!

Key Features and Components:

SAP S/4HANA Finance is like a toolbox with different compartments, each holding specialized tools for managing specific parts of your company's finances. Here's a look inside:

1. Financial Accounting (FI) - The Foundation

• General Ledger (G/L): Think of this as the master record of all financial transactions. It's like a giant journal that keeps track of every financial event in your company.
• Accounts Payable (A/P): This keeps tabs on all the money your company owes to others, like when you buy supplies or services.
• Accounts Receivable (A/R): This tracks the money owed to your company by customers who have purchased goods or services on credit.
• Asset Accounting: Manages everything your company owns, from desks and computers to buildings and vehicles, tracking their value and depreciation over time.
• Bank Accounting: Keeps track of all your company's bank accounts and transactions, helping you reconcile balances and manage cash flow.
• Travel Management: This helps manage employee travel expenses, from booking flights and hotels to processing reimbursements.

2. Management Accounting (CO) - For Internal Insights

• Cost Element Accounting: This breaks down and tracks all the costs your business incurs, like salaries, rent, and materials.
• Cost Center Accounting: Helps you understand where your money is going by assigning costs to different departments or areas within your company.
• Profit Center Accounting: Analyzes the profitability of different parts of your business, helping you identify what's working well and what needs improvement.
• Internal Orders: Tracks costs for specific projects or activities, like marketing campaigns or research and development efforts.
• Product Costing: Calculates the cost of producing the goods or services your company sells.

3. Treasury and Risk Management - Keeping Finances Safe

• Cash Management: Helps you monitor and optimize your company's cash flow, ensuring you have enough funds to operate and invest.
• Liquidity Management: Makes sure your company has enough cash on hand to pay its bills and meet its financial obligations.
• Foreign Currency Management: Handles transactions in different currencies, managing exchange rate risks.
• Financial Risk Management: Identifies and mitigates financial risks, such as changes in interest rates or the potential for customers not to pay their debts.

4. Financial Planning and Analysis (FP&A) - Looking Ahead

• Budgeting: Creates and manages budgets, helping you plan and control your spending.
• Forecasting: Predicts future financial performance, allowing you to anticipate challenges and opportunities.
• Planning: Develops long-term financial plans to guide your company's growth and success.
• Reporting: Generates financial reports that provide insights into your company's performance and support decision-making.

5. Central Finance - One View of the Truth

• Centralized Financial Accounting: Imagine having a single, consolidated view of your company's finances, even if you have multiple systems in different locations. This component brings all that data together in one place.

These components work together to provide a complete and powerful financial management solution for businesses of all sizes.

Why is it beneficial to learn SAP S/4HANA Finance?

• High Demand: Many companies are switching to SAP S/4HANA, so professionals with these skills are in high demand.
• Career Advancement: Learning SAP S/4HANA Finance can boost your career and earning potential.
• Improved Efficiency: Learn how to streamline financial processes and save time.
• Better Decision-Making: Get real-time insights to make informed financial choices.
• Future-Proof Your Skills: SAP S/4HANA is the future of finance, so learning it now will prepare you for what's ahead.

Reed Courses Certificate of Completion

Digital certificate - Included

Uplatz Certificate of Completion

Digital certificate - Included

• SAP S/4HANA Finance - all lectures 35:05:41

  • 1: Intro to SAP S/4HANA Finance and Enterprise Structure Preview 1:06:15
  • 2: Company Code Basic Features 1:26:06
  • 3: Controlling Area Setup with PC and CC 1:16:39
  • 4: Leading and Parallel Currencies 52:56
  • 5: Journal Entry Posting 55:48
  • 6: Exchange Range and Different Postings 1:12:10
  • 7: Accrual and Deferral Document Clearing Preview 1:13:45
  • 8: House Bank & Bank Account ID Setup 49:39
  • 9: Business Partner Setup with Suppliers 33:53
  • 10: GST Configuration - Tax Setup 59:32
  • 11: Withholding Tax 30:02
  • 12: BP-Vendor - Supplier Base Elements 50:23
  • 13: Cheque Payment Setup Process 31:32
  • 14: Down Payment Request Process 56:42
  • 15: Auto Payment Program 33:43
  • 16: Debit Notes and Adjustment Postings 42:14
  • 17: P2P Process with FI-MM Integration 50:05
  • 18: P2P FI-MM-Postings 36:37
  • 19: EBRS Setup and Process 44:55
  • 20: Asset Accounting New Changes 40:31
  • 21: Part 1 - Asset Accounting Configuration 38:28
  • 22: Part 2 - Asset Accounting Configuration 53:33
  • 23: Asset Master Data Creation and Change 47:57
  • 24: Acquisition and Addition of Assets 40:44
  • 25: Retirements and Transfer of Assets 35:50
  • 26: Depreciation Job Setup - GUI and S/4HANA 52:20
  • 27: AUC and Settlements 1:09:16
  • 28: Asset Acquisition from PO 31:46
  • 29: Legacy Asset Balance Transfer Preview 52:32
  • 30: Customer Master Setup 1:00:40
  • 31: Down Payment Receipt with Clearing 46:00
  • 32: O2C Configuration - SD to FI 1:17:41
  • 33: OTC Posting with FI 38:24
  • 34: Dunning Setup and Run 56:40
  • 35: Interest Calculation Run 1:08:14
  • 36: Validations and Substitutions 52:08
  • 37: Cross Company Postings 54:31
  • 38: Month-end and Year-end Activities in FI 1:03:26
  • 39: Financial Statements Reporting 59:22
  • 40: Mass Updates in SAP S/4HANA Finance 1:02:42

SAP S/4HANA Finance: Digital Transformation in Finance - Course Syllabus

Section 1: Introduction to SAP S/4HANA Finance

• Overview of SAP S/4HANA Finance

• Key Innovations in SAP S/4HANA Finance (Cloud Version)

• Course Objectives and Outcomes

Section 2: SAP FI (Financial Accounting)

1. General Ledger (GL)

• New Ledger Concepts and Configurations

• Leading and Parallel Currencies

• Journal Entry Posting

2. Accounts Payable (AP)

• Vendor Management and Transactions

• GST Configuration and Withholding Tax Setup

• Auto Payment Program

• Integration with FI-GL, FI-AA, and MM

3. Accounts Receivable (AR)

• Customer Management and Credit Management

• Down Payment Receipt with Clearing

• Dunning and Interest Calculation Setup

4. Bank Accounting (BA)

• House Bank and Bank Account ID Setup

• Cheque Payment Process

• Electronic Bank Reconciliation Setup (EBRS)

5. Asset Accounting (AA)

• Overview and Integration with FI-GL, CO, MM

• Asset Master Data Creation and Changes

• Asset Acquisition, Additions, Retirements, and Transfers

• Depreciation Job Setup and Legacy Asset Balance Transfer

6. Reporting

• Financial Statements and Multiple Reporting Methods

• Month-End and Year-End Activities

Section 3: SAP CO (Controlling)

1. Cost Centre Accounting (CCA)

• Cost Centers Setup and Management

• Internal Order Accounting

2. Profit Centre Accounting (PC)

• Configuration and Reporting

3. Real-Time CO-FI Integration

• Key Concepts and Benefits

4. Advanced CO Concepts

• Controlling Area Setup

• Cross-Company Postings

Section 4: Technical Knowledge

• Overview of ABAP and BASIS Knowledge

• Understanding Validations and Substitutions in S/4HANA

Section 5: Fiori Tiles

• Working Knowledge of Fiori Tiles for SAP FI and CO

Section 6: Practical Lab Exercises

1. Enterprise Structure and Setup

• Company Enterprise Structure Creation

• Company Code Basic Features

• Controlling Area Setup with Profit and Cost Centers

2. End-to-End Integration

• P2P Process with FI-MM Integration

• O2C Configuration (SD to FI Integration)

3. Advanced Asset Accounting

• Asset Acquisition from PO

• AUC and Settlements

4. Custom Processes

• Exchange Rate Differences and Document Clearing

• Accrual and Deferral Processes

Section 7: Advanced Features

• Mass Updates in S/4HANA

• Validations, Substitutions, and Custom Workflows

• New GL Concepts and Real-Time Reporting

Section 8: Assessment and Reporting

• Scenario-Based Exercises

• Financial Statements Generation and Analysis

• Performance Benchmarking

• CFOs, Finance Managers, and Controllers: Those responsible for financial planning, reporting, and decision-making.

• Accountants and Financial Analysts: Professionals who handle day-to-day financial operations and need to leverage SAP S/4HANA for improved efficiency.

• Auditors: Individuals who need to understand the system for compliance and auditing purposes.

• SAP Consultants and Architects: Those who design, implement, and optimize SAP S/4HANA Finance solutions.

• System Administrators: Professionals responsible for maintaining and managing SAP systems.

• IT Managers: Leaders overseeing digital transformation initiatives in finance.

• Professionals who bridge the gap between finance and IT, ensuring that business requirements are met through SAP S/4HANA Finance.

• Individuals leading SAP S/4HANA implementation or migration projects, especially in the finance domain.

• Those pursuing careers in finance, accounting, or SAP consulting and want to gain expertise in SAP S/4HANA Finance.

• CIOs, CTOs, and Digital Transformation Leaders: Professionals who need to understand the capabilities of SAP S/4HANA Finance to drive organizational change.

Passion and determination to achieve your goals!

• SAP S/4HANA Finance Consultant
• SAP Financial Accounting and Controlling (FICO) Consultant
• SAP Business Process Analyst
• SAP Functional Consultant
• SAP Implementation Specialist
• Finance Transformation Manager
• SAP S/4HANA Analyst
• SAP Fiori Specialist (Finance)
• SAP Data Migration Specialist
• Financial Systems Analyst
• ERP Analyst
• SAP Project Manager
• SAP Treasury Consultant
• SAP Cost Accounting Specialist

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