Design and Configuration Changes In Controlling with S/4HANA
April 20, 2020 at 1:00 PM CT
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Walk away from this session with an understanding of design and configuration changes in Controlling with S/4HANA.
Presenter will share important design and configuration changes in Controlling with S/4HANA, including: Cost Element part of G/L Account; Account Based Profitability Analysis; Material Ledger mandatory; Cost of Goods Sold by cost component; Production variances by category.
• In ECC, Cost Elements are created within Controlling module; with S/4HANA Finance, Cost Elements are now part of G/L Account.
• In ECC, Costing-based CO-PA has several advantages over Account-based CO-PA and had therefore been a preferred choice for majority of the clients; with S/4HANA Finance, most limitations of Account-based CO-PA have been addressed.
• In ECC, Material Ledger is optional, which includes Actual Costing functionality which calculates Actual Cost / Periodic Unit Price; with S/4HANA Material Ledger is mandatory (Price Determination 2 – Transaction-based); but Actual Costing is still optional (Price Determination 3 – Single-/Multilevel).
• In ECC, costing-based CO-PA allows visibility of various cost components in profitability reports, but in FI, only one line item is visible for COGS; with S/4HANA’s account-based CO-PA, different cost components can be mapped to multiple general ledger accounts.
• In ECC, all production variances are bundled and posted to one price difference (PRD-PRF) account; analysis of variances is carried using Controlling reports; with S/4HANA, variances can be posted to different G/L accounts.
About the Presenter:
Ashish Sampat is a finance and costing professional with more than two decades of experience in the SAP Finance and Controlling space. Ashish has provided solutions in several areas of SAP Controlling to global clients. Born and educated in India, Ashish now lives in suburban Chicago. List of books authored by Ashish (each one published by Espresso Tutorials)
· English: First Steps in SAP Controlling (CO)
· French: Vos premiers pas avec SAP Contrôle de gestion (CO)
· Portuguese: Guia para iniciantes do SAP Controlling
· English: Expert tips to Unleash full Potential of SAP Controlling