Accelerating the Financial Close Process

916 results

  1. How to Comply with IFRS 15 Regulations Using SAP Revenue Accounting and Reporting 1.2

    Learn how to set up SAP Revenue Accounting and Reporting 1.2 in SAP ERP Central Component (ECC) 6.0 to comply with the new accounting standard regulation IFRS 15. The new regulation was jointly released by two leading accounting standard bodies: the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB). Key Concept…...…
  2. SAP S/4HANA Adoption: Subsequent Implementation of the Parallel Ledger

    Learn various SAP S/4HANA adoption options available for companies running the classic General Ledger. Follow steps to introduce the ledger subsequently in a live SAP S/4HANA system. Key Concept SAP introduced the parallel ledger concept with the SAP ERP Central Component (ECC) system in 2005, and since then, it is gaining popularity due to its…...…
  3. SAP S/4HANA Adoption Tips

    Learn various SAP S/4HANA adoption options available for companies running the classic General Ledger. Follow steps to introduce the ledger subsequently in a live SAP S/4HANA system. This content is for Basic Access, SAPinsider Monthly Subscription, SAPinsider Annual Subscription, and SAPinsider Premium Annual Subscription members only.Log In Join Now
  4. The Universal Journal: Facilitating Continuous Accounting with One Source of the Truth

    The Universal Journal is one of the key innovations that was introduced with SAP S/4HANA Finance. It contains not only financial and controlling information in one table, but also operational data originating from logistics processes, which facilitates collaboration between finance and other areas of the organization. This groundbreaking approach allows for real-time access to information…
  5. SAP S/4HANA Finance: Understand the Different Options and Nuances of Enabling Parallel Accounting in New Asset Accounting

    Learn about the configuration options available in SAP S/4HANA Finance to set up parallel accounting aligned to different accounting principles, especially when you are migrating from classic Asset Accounting (FI-AA), a parallel accounts approach, to the new FI-AA module. Key Concept The SAP S/4HANA Finance system provides a transparent, real-time, optimized IT solution for implementation…...…
  6. Tips for Integrating SAP Revenue Accounting and Reporting and SAP Hybris Billing

    Learn how to integrate SAP Revenue Accounting and Reporting 1.2 with Convergent Invoicing of SAP Hybris Billing and SAP Contract Accounts Receivable and Payable (FI-CA) in SAP ERP Central Component (ECC). Key Concept SAP Revenue Accounting and Reporting is a free add-on product introduced to help companies comply with the International Financial Reporting Standards (IFRS)…...…
  7. Streamline Your Parallel Accounting with the New G/L Ledger Solution

    See how to set up parallel accounting with the ledger solution in the new G/L with three procedures: ledger definition, currency valuation, and asset accounting. Key Concept Many international companies are subject to several sets of laws requiring them to issue multiple consolidated financial statements according to various accounting standards. In Europe, all publicly traded…...…
  8. Track Intercompany Loans Using SAP’s Transaction Manager Module: Part 2

    Learn the configuration steps needed for the intercompany loans process outlined in the article “Track Intercompany Loans Using SAP’s Transaction Manager Module, Part 1.” The configuration is in line with the process described in part 1 of this article. Key Concept When companies reach a more complex size, they often need to implement financing processes…...…
  9. How to Comply with the Provisions of IFRS while Recording Capital Asset Transactions in SAP ECC 6.0

    Reading time: 25 mins

    Learn key adjustments that are required to make capital asset management compliant with International Financial Reporting Standards (IFRS). See the changes you need to make in SAP ERP Central Component (SAP ECC) 6.0 while transitioning from US Generally Accepted Accounting Principles (GAAP). Key Concept An organization needs to make adjustments in accounting for financial transactions…...…
  10. Maintain Compliance with the IFRS 15 Revenue Standard with SAP Revenue Accounting and Reporting

    Learn about the changes in the International Accounting Standard Board (IASB) and Financial Accounting Standard Board (FASB)’s International Financial Reporting Standards (IFRS) accounting standard, IFRS 15. From a functional perspective, review the prominent processes and the data accounting flow for SAP Revenue Accounting and Reporting. Discover the capabilities of SAP Revenue Accounting and Reporting and…...…