An Introduction to SAP Joint Venture Accounting, Part I

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  1. Understand Your Project Costs in an Engineer-to-Order Manufacturing Environment

    Financials/SCMIn the engineer-to-order manufacturing process, a product with the exact specifications desired by a company’s customers does not yet exist. Instead, you design and then produce the product specifically for that customer, using Project System (PS). As you collect costs and bill the customer, an accounting entry is made at each step; some of these…...…

  2. Demystifying the Ledger, Currency Setup, and Currency Conversion in SAP S/4HANA Finance 1610

    See how the ledger setup, currency setup, and foreign currency valuation features have evolved with SAP S/4HANA Finance 1610. This will help you evaluate if the new features can be used by your company. Key Concept SAP S/4HANA Finance 1610 offers a new feature called a simulation extension ledger.  The simulation ledger is a category…...…

  3. Set Up Purchase Account Management to Fulfill EU Legal Requirements

    Reading time: 45 mins

    Within several European Union countries it is legally required to report within the G/L the acquisition costs of materials that are put on stock. The SAP system uses functionality called Purchase Account Management to meet this requirement. Discover what this functionality is, how to set it up, and what the result looks like. Key Concept…...…

  4. Complete the Engineer-to-Order Process with Period-End Postings for Project Valuation

    In an engineer-to-order manufacturing environment, you iteratively design a product with your customer and then produce the product based on these newly developed specifications. These projects typically run over many financial periods. At the end of each period, you need to ensure that you correctly value the work in process, the cost of goods sold,…...…

  5. Accelerate Your Financial Close to Support Strategic Decision Making

    Establishing an efficient financial close is a challenge for many businesses due to the number of people and complexity of tasks involved, and yet it is key to a best-run finance organization. By understanding how financial transformation—including the use of automation to increase operational efficiency—can support finance teams in the close process and add more…

  6. Complete the Manufacturing Process with Period-End Postings to Recognize Production Variances

    After you manufacture a product, it is received into finished goods inventory at its standard cost. Understand the month-end postings that are necessary to clear any work in process on the production order, and to recognize manufacturing variances on the profit and loss statement. Key Concept The standard cost of a product is used for…...…

  7. Mitigate Foreign Trade Payment Compliance Risk Using the Cockpit for Documentary Payments

    Learn how the Cockpit for Documentary Payments can be used to facilitate international customers’ payment compliance, thereby reducing the risk of doing foreign trade. Follow steps to implement the Documentary Payments component in SAP sales and distribution (SD). Key Concept The Cockpit for Documentary Payments provides automated financial documents to facilitate payment guarantee procedures required…...…

  8. Hone Your Manufacturing Cost Understanding for Better Decision Making

    When a product is manufactured, an accounting entry is automatically made each time that a posting is made in the production process. Some of these postings take place in FI, while others are posted only in CO. Follow the flow of these accounting entries and understand the reconciliation process between FI and CO. Key Concept…...…

  9. A Holistic Approach to Implementing Central Finance

    Learn tips to help you prepare for a Central Finance implementation project. Central Finance is aimed at reducing the cost of adoption of SAP S/4HANA Finance for organizations having heterogeneous landscapes (multiple SAP ERP or non-SAP systems). With Central Finance, these organizations no longer have to upgrade all the systems to have SAP S/4HANA Finance…....…

  10. Use Result Analysis Functionality to Meet IFRS Requirements of Revenue Recognition

    Result Analysis functionality in SAP can help you meet the requirements of International Financial Reporting Standards (IFRS) and other accounting principles for recognizing revenues and costs for long-term contracts. Learn how to: • Use some of the key Result Analysis methods in your SAP system to recognize revenues and costs in a make-to-order business scenario.•…...…