Webinar: How Finance & Accounting Can Rise in Uncertain Times

499 results

  1. How to Reset Infotype 0003 and Address Complex Retroactive Payroll Accounting Requirements

    Reading time: 11 mins

    Learn how to change infotype 0003 (payroll status) for different retroactive accounting payroll requirements and mass changes with multiple employees. See how to minimize the complexities arising out of master data changes and effective retroactive changes in payroll processing. Key Concept The standard SAP program RPUTRBK can resolve complex payroll retroactive accounting issues. Problems can occur when users…...…

  2. Introduction to SAP Joint Venture Accounting, Part II

    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…

  3. How Will the Major Changes to Lease Accounting Standards (ASC 842/IFRS 16) Affect SAP Customers?

    By 2019, every organization must change its lease accounting practices – the ASC 842/IFRS 16 regulations will require virtually all leases to be placed on the balance sheet. This change will have ripple effects throughout the organization, reaching beyond Accounting departments to impact stakeholders and investors. Therefore, businesses with any leases need to prepare for…

  4. Use Ledger-Specific Clearing Functionality to Improve Parallel Ledger Accounting Processes

    From SAP ERP 5.0, SAP offers a parallel ledger solution to enable you to comply with multiple accounting standards. However, there was one inherent limitation: You could not post journal entries for open item managed GL accounts to any specific ledger. With SAP ERP 6.0 enhancement package 3, SAP has provided Clearing Specific to Ledger…...…

  5. Core Accounting is a Growing Priority for SAPinsiders

    In our SAP S/4HANA Finance and Central Finance: State of the Market 2022 benchmark report, we saw the share of SAPinsider organizations planning to invest resources into core accounting processes increase to 28% (from 18% in 2021). These organizations view this finance and accounting strategy as an opportunity to address growing organizational complexity, the top…...…

  6. Use SAP ECC 6 to Fulfill Accounting Requirements for Assets Impairment

    FinancialsLearn some configuration tips to help you overcome challenges in recoding the impairment loss on assets in an SAP system. Key Concept Asset impairment is a key requirement of various legal regulations to ensure that an organization’s financial statements show the realistic value of its assets. Proper accounting of asset impairment in the books is…...…

  7. How Proposed Lease Accounting Changes Will Affect Your SAP System (And What You Can Do About It)

    ManagementSAPexperts/FinancialsWhile the switch to International Financial Reporting Standards (IFRS) is getting all the attention, the two boards that govern US and international accounting rules are mulling another change that could have a big impact on businesses that lease equipment. If passed, the proposal could add significant complexity to the way leases are accounted for at…...…

  8. Accounting & Finance Expands Its Influence

    Accounting & Finance Expands Its Influence Across the Enterprise Utilities that are publicly traded companies are subject to various audits under the Sarbanes-Oxley (SOX) Act. Beyond recordkeeping and reporting, accounting & finance deliver an important strategic function across the enterprise. For UGI Utilities, a wholly owned subsidiary of UGI Corp., continued transformation is a key…

  9. An Overview of SAP S/4HANA Finance with a Focus on Asset Accounting

    Learn how your organization can leverage the functionality of the new Asset Accounting (FI-AA) module in SAP S/4HANA Finance. Key Concept SAP S/4HANA Finance (formerly SAP Simple Finance) comes with a lot of features, such as the universal journal, streamlined design, and real-time analytics. The new Asset Accounting (FI-AA) module is one example of a…...…

  10. Set Up Inventory Valuation to Help Prepare Financial Statements in Compliance with Accounting Standards

    Learn how to implement the material inventory valuation process to meet the requirements of different accounting principles, including International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP). Implementing this process enables you to automate the process of inventory valuation based on commonly used valuation methods. Key Concept Some of the most commonly…...…