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All successful organizations need to continuously improve operational efficiency and achieve faster closes. Using this book you'll learn how to maximize your SAP ERP Financials implementation by leveraging value-added activities and a process-driven approach. You'll find detailed, expert instruction on what needs to be done after an SAP ERP Financials implementation is complete - when the real work begins!Learn how to minimize time spent on burdensome reconciliation activities and focus on the strategic aspects. Plus, discover how to meet a variety of challenges, including enterprise structure definition, complex reporting requirements, and more. Using real-world examples and best practices, you'll also find out how to analyze and deploy the most appropriate tools and methodologies to best suit the needs of your organization.The business-process perspective and real-world focus make this a practical, invaluable resource for anyone who needs to get the very most out of their SAP ERP Financials implementation.
SAP is the world leader in Enterprise Resource Planning (ERP) software; of the software?s modules, the FI (Finance) and CO (Controlling) are by far the most popular and are widely implemented. This book has no competition?it is the only book on the market on how to configure and implement SAP?s FI and CO modules to maximize functionality and features hands-on, step-by-step instructions and real-world examples that provide immediate and practical solutions. Updated for SAP?s ECC 6.0, the book covers FI enterprise structure, general ledger, substitutions and validations, automatic account assignments, accounts payable and receivable, asset accounting, accrual engine, closing entries, credit management, lockbox, CO enterprise structure, profitability analysis (CO-PA), and more.
This book provides a comprehensive overview of the application of ERP Financials to the make to stock and make to order manufacturing process models. It is designed to provide valuable solutions and configuration/integration options that readers can use and apply directly in their daily activities. For Finance users, the book covers the standard business drivers and KPIs as they apply to each model, and lends guidance for configuring Financial Accounting and Controlling to maximize functionality for manufacturing finance. Implementation managers and consultants will benefit from the coverage of integrating ERP Financials with other SAP applications such as PP and MM, as well as the configuration sections for Master Data, Cost Object Controlling, and the Information System, among others. Readers from both functions will be able to make use of the numerous screen shots, configuration steps, best practice examples, and tips for system customization. Acknowledging the differences between the two primary manufacturing process models, the book is divided into three sections after an introductory chapter covering information generic to manufacturing models supported in SAP. Part I of the book covers the Make to Stock model, and comprises the bulk of book. Part II covers the Make to Order model. Part III provides a chapter filled with ready-to-use checklists and guides for budgeting and closing activities, and a chapter on the application of SAP Financial Performance Management (FPM, formerly CPM) to the manufacturing finance scenario.
More than ever before, corporations must maintain sophisticated cash management systems that enable them to optimize both their investments and their daily cash "turns." SAP customers are particularly well-positioned to take advantage of the myriad cash management products offered in the SAP ERP Financials, Treasury and Risk Management, and FSCM components, but the real-world aspects of maximizing the existing solutions can be hard to understand, navigate, and implement without experienced, practical guidance. This book provides an overview of the functionality for all key cash management components, including best practices, real-world business scenarios, and key configuration and master data information. It explains how all the components can be integrated, and how both the individual components and the integrated solution can be maximized for optimal performance. Topics covered include SAP ERP Cash Management, Electronic Banking, Liquidity Planner, In-House Cash, Bank Communications Management, and integration with SAP ERP Financials and other components. The book is not meant to be a primer on each of the individual components, but an advanced guide to maximizing all the aspects of cash management available in SAP ERP.
You know that business financials are an essential part of every business, large or small, but do you how SAP ERP Financials can make it easier? From basic accounting and complex financial audits to reporting, SAP ERP Financials offers vast, diverse and customizable solutions. This title offers a very detailed, reader-friendly reference that will give you an in-depth overview of the key components of SAP ERP Financials. Perfect for new users, decision-makers, and power users, with this title you will learn how to improve your efficiency in key financial areas, including profitability analysis, financial supply chain management, cost-accounting, and more. Updated for SAP ERP 6.0, EhP 5 and 6 with an expanded focus on real world scenarios.
This book focuses on the practical, day-to-day requirements of working with SAP ERP Financials (SAP FI). It guides you through the various Financial Accounting functions step-by-step: documents, account reports, special postings, automatic procedures, accounts receivable accounting, accounts payable accounting, general ledger accounting, closing operations, and asset accounting. Numerous tips and tricks designed to help maximize your daily work are included throughout. For all users of all SAP releases from SAP R/3 4.6 to SAP ERP 6.0. 1. Comprehensive coverage of SAP FILearn how to make the best use of SAP FI in your daily work with comprehensive coverage of SAP General Ledger and more. 2. Tips and tricks for daily workMaximize your time with numerous tips and tricks designed to help you get the most out of the most common tasks, features and programs. 3. Step-by-step walkthroughsMaster even the most complex functions in SAP FI using step-by-step walkthroughs enhanced with screenshots and sample scenarios. 4. Up-to-date for SAP ERP 6.0Understand the new features in SAP FI and SAP Financial Supply ChainManagement (FSCM). 5. Helpful additional resourcesFind answers quickly in the appendices, which include menu paths, a full glossary, and a complete index. Highlights: General Ledger Accounting Accounts Receivable Accounting Accounts Payable Accounting Asset Accounting Bank Accounting Closing Operations Overview of the Innovations in SAP FI 6.0
Executives and end-users alike are part of a large user community looking for guidance and experience with the "established" SAP sub-components like Accounts Receivable. With the heightened focus on operating within the strictures of US GAAP and IFRS (International Financial Reporting Standards) and producing definable ROI from the implementation of ERP Financials, it's also more important than ever for organizations to leverage their AR implementations with other components and functionalities. This book provides implementation teams, executives, functional and technical teams, and end-users with a roadmap for the maximum utilization of the Accounts Receivable component. The book will teach the intended audience how to maximize the use and potential of the Accounts Receivable component and increase the ROI of the implementation. It will also help readers develop knowledge and strategies for enhancing the use of the AR component and integrating it with other SAP services and components.
Preparing consolidated financial statements for an enterprise with a parent and one or more subsidiaries requires a detailed review of underlying transactions in order to properly reflect results and financial position. For large, integrated, and multinational organizations, likely with millions of transactions, it is imperative that the financial accounting software facilitate this process. This expertly written guide focuses on leveraging SAP S/4HANA Finance for group reporting. Explore key functionality and how the universal journal has led to the evolution of the group reporting solution. Using a detailed case study, the author discusses configuration and master data and walks the reader through the period-end process for consolidation and explores reports using financial transactions that have already been entered into SAP S/4HANA Finance for group reporting. Explore reports delivered with SAP S/4HANA Finance for group reporting. This book is targeted at both finance professionals and the functional consultants who perform the configuration and execution of processes for preparing consolidated financial statements. By using practical examples, tips, and screenshots, this book covers:

- SAP S/4HANA Finance for group reporting and the universal journal
- Configuration and master data
- Period-end process for consolidation
- Reporting and analysis
SAP can help you capture better information and deliver it more quickly, allowing you to make better decisions and maximize the business value of everything you do. However, SAP implementations require massive effort, total buy-in, and significant change throughout the organization. In SAP Implementation Unleashed, 10 expert SAP project managers, functional consultants, and technologists guide you through the entire journey, helping you avoid pain and pitfalls and gain all the benefits of SAP. The authors introduce start-to-finish business, technical, and project management roadmaps for successful SAP implementation. Then, drawing on their immense experience, they walk you through the entire process of planning and deployment—addressing make-or-break issues and hidden gaps that other guidebooks ignore. You’ll discover how to employ processes, models, and toolsets that help you achieve implementation excellence while systematically reducing cost and business risk. Along the way, you’ll find actionable advice and real-world insight into innovative project management, best-suited leadership, effective load testing, contemporary infrastructure implementation, and more. George W. Anderson is responsible for providing enterprise applications thought leadership for the EDS/HP office of the CTO. A long-time SAP consultant and PMI-certified project manager, George has authored several best-selling books and enjoys new challenges. Charles D. Nilson is a senior program manager for EDS/HP and has led many successful SAP implementation teams over the years. He is a PMI PMP and is SAP Partner Academy certified in MM and PP. Tim Rhodes is a senior SAP technical consultant for EDS/HP and a Basis/infrastructure veteran focused on implementing, migrating, and upgrading SAP Business Suite and NetWeaver solutions. Tim is also an SAP-certified technical consultant, OCP, MCSE, and HP Master ASE. Detailed Information on How To... Define the business vision driving your implementation, and use it to design your solution Use TCO techniques to fully understand SAP’s financial impact in your organization Structure your SAP project management office, business teams, technical support organization, and overall project team Size, plan, and test your SAP infrastructure to deliver the best performance and availability at the best cost Integrate SAP into an SOA environment Install and configure SAP Business Suite and NetWeaver components Perform basic functional configuration, testing, and change management activities Enable a smooth transition by successfully performing the critical tasks that immediately precede SAP Go-Live Choose the right mix of tools and applications to test, manage, and monitor SAP Prepare your SAP Operations team for its post-implementation responsibilities
SAP ERP modules are notoriously hard to configure and use effectively without a lot of practice and experience. But as SAP ERP Financial Accounting and Controlling: Configuration and Use Management shows, it doesn't have to be so difficult. The book takes a systematic approach that leads SAP Financial Accounting and Controlling (FICO) users step by step through configuring and using all the program’s facets. This approach makes configuration complexities manageable. The book’s author—SAP expert, trainer, and accountant Andrew Okungbowa—ensures that both you and your end users are up and running quickly and confidently with FICO. He also provides sound and tested procedures that ensure your implementation works without error. SAP ERP Financial Accounting and Controlling: Configuration and Use Management is in fact the most comprehensive and easy-to-follow SAP FICO configuration book in the market. It incorporates a hands-on approach, with hundreds of screen shots and practical examples, that allows a person without prior configuration training to make SAP FICO ready for use in the enterprise. You’ll find that you don’t need to be a rocket scientist to grasp the concepts explained and apply them to your work—even when the finances are complicated, such as with the ins and outs of taxes, currency conversions, or special general ledger entries such as down payments or bills of exchange. Providing an in-depth coverage of both configuration and end user procedures, the book covers most aspects of the SAP FICO certification syllabus—SAP’s view of the module’s key tasks and procedures—including: Configuring and using the general ledger and accounts payable and receivable screens Configuring and completing closing procedures, asset accounting, and financial reporting Configuring global settings and enterprise variables Accounting for both profit and cost centers Creating a house bank Integrating FICO with other SAP modules Taking a jargon-free tone and providing an abundance of examples, Andrew Okungbowa provides a clear understanding of configuration techniques and the breadth of functionalities encompassed by SAP FICO. And as an accountant, Okungbowa understands the needs of end users as well as of those answering to the CIO.