Financial Management

SAP remains integral to supporting core finance, accounting, planning and reporting processes. New market demands are requiring companies to improve efficiency and build resilient, responsive finance and accounting platforms that can support rapid change and innovation. Content in this topic area helps finance executives, analysts, and support professionals understand how to leverage core ECC solutions, SAP S/4HANA, and partner and SAP add-on offerings to optimize their core finance and accounting business processes and provide greater visibility and insights for finance teams. Content will cover a wide range of key topics from finance and accounting strategy, to evaluating SAP S/4HANA and Central Finance, to key solutions in Group Reporting, Planning, record-to-report, order to cash, and other core accounting processes.

Featured

  1. Don’t Let Uncertainty Derail Your Finance and Accounting Operations

  2. business partners

    An Introduction to SAP Joint Venture Accounting, Part I

    By Roushan Jha and Prasad Atmakuri

Results

  1. Verbella

    A joint venture (JV) is an arrangement in which two or more parties come together and agree to pool their resources for a specific task. This task can be a new project or any other business activity. In a joint venture, each partner is responsible for profits, losses, and costs associated with the venture. Joint…
  2. Cure Your Cost Allocation Fears: Overcoming the Four Causes of CO Module “Activities Phobia”

    The “activities” functionality in the CO module is a powerful allocation tool, but many sites fail to take full advantage of it due to confusion. The author clears up this confusion by explaining its root causes. The Controlling (CO) functionality known as “activities” is potentially the most useful allocation tool in the module. This tool…...…
  3. Ask the FI/CO Expert: “How Can You Segregate the Expected Inbound Freight Costs in Manufactured Goods’ Standard Cost Estimates?”

    You can highlight estimated inbound freight costs in a Product Cost Estimate without having to do convoluted workarounds. The solution is the standard R/3 option called “Delivery Costs.” Learn what the Delivery Costs option is and how you can activate it. Key Concept   This month’s “Ask the Expert” question is one that several people…...…
  4. Simplify Your Accounts Payable Design: Eliminate the SAP Online Check Register!

    Disabling the A/P Online Check Register is possible and it has some real advantages. Doing so returns tasks such as cashing, voiding, and research to standard transactions in the G/L. As a result, you can achieve benefits such as simplification of reconciling to the bank’s records and making it easier to fix check-printing errors. The…...…
  5. Ask the FI/CO Expert: “Do I Need to Create Rules Concerning Address Printing on Accounts Payable Checks?”

    This month’s FI/CO expert answers a question from Paula Gennari, an Accounts Payable manager for a $100 million/year plastics manufacturer in Massachusetts. Her question concerns annoying mystery her department has experienced with their recently installed SAP R/3 system in regard to check printing-the Automatic Payment Program for their non-U.S. vendors does not print the name…...…
  6. “In Synch” Ledgers! Update the “Cost of Goods Sold” to Both Your G/L and Costing-Based CO-PA Ledgers Solely from the “SD Billing” Transaction… With 100% Standard R/3 Functionality!

    This article identifies a creative use of standard R/3 functionality that allows a single end-user transaction (SD Billing) to simultaneously act as the “Cost of Goods Sold” source for both your G/L and Costing-Based CO-PA ledgers. After a brief explanation of why the “single source” design is not the main option offered by the SAP…...…
  7. FI/CO Expert Web Site Review: Babylon.com

    This article evaluates the online and offline features of “www.babylon.com,” a useful translation, information, and conversion tool that allows you to type in a word, phrase, or acronym, and launch a search for definitions, facts, and translations into foreign languages … without actually being connected to the Internet at the time. After a review of…...…
  8. “Why Do Previously Approved Sales Orders End Up on the Credit Hold List a Second Time… And What Can I Do About It?”

    Anyone who works with the Credit Management module knows that previously approved sales orders sometimes end up on Credit Managers’ hold lists a second time. This unwanted outcome is due to two “default” settings in the Credit Management module. This article discusses these settings and shows you how you can implement your own preferences for…...…
  9. Gain Control of Unresolved A/R Documents or Accounts with the Deduction Management Component

    The Deduction Management Component is a “bolt on” product provided by SAP’s Global Solution Center to enhance the functionality of the SAP R/3 Accounts Receivable module. This article describes how A/R and Credit groups, when faced with customers who do not pay their Total Amount Due, can gain control of complex resolution issues by using…...…
  10. Demystifying CO Module “Actual Costs” and “Actual Revenues”

    Within the CO module, the data values “Actual Costs” and “Actual Revenues” have additional meaning not always found in other modules (such as Profit Center Accounting, Special Ledger, and Costing-Based Profitability Analysis). For FI/CO report users and developers, it is sometimes confusing how such a common, everyday word, “Actual,” can represent a very uncommon, special…...…