7/5/2020 SAP e-book S4F16 SAP Financial Closing cockpit in SAP S/4HANA . . PARTICIPANT HANDBOOK INSTRUCTOR-LED TRAINING . Course Version: 14 Course Duration: 2 Day(s) e-book Duration: 4 Hours 35 Minutes Material Number: 50152708 1/1 7/5/2020 SAP e-book 1/1 7/5/2020 SAP e-book SAP Copyrights, Trademarks and Disclaimers © 2020 SAP SE or an SAP affiliate company. All rights reserved. No part of this publication may be reproduced or transmitted in any form or for any purpose without the express permission of SAP SE or an SAP affiliate company. SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. Please see http://global12.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices. 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All rights reserved. iv 1/1 7/5/2020 SAP e-book Contents vi Course Overview 1 Unit 1: 2 SAP Financial Closing cockpit for SAP S/4HANA - Overview Lesson: Presenting the SAP Financial Closing cockpit for SAP S/ 4HANA 35 Unit 2: 36 SAP S/4HANA Financial Closing cockpit for SAP S/4HANA Solution in Detail Lesson: Understanding Customizing Relevant for SAP S/4HANA Financial Closing cockpit 51 69 Lesson: Performing Additional Functions Unit 3: 70 SAP Business Process Automation in SAP Financial Closing cockpit Lesson: Introducing SAP Business Process Automation by Redwood and the Relation to SAP Financial Closing cockpit 83 Unit 4: Summary and Outlook 84 Lesson: Summarizing the Solution 92 Lesson: SAP S/4HANA Cloud for Advanced Financial Closing 106 Unit 5: Appendix 107 Lesson: Appendix General 111 Lesson: Appendix FCc 2.0 (SAP ERP) 114 Lesson: Appendix SAP Business Process Automation (BPA) © Copyright. All rights reserved. v 1/1 7/5/2020 SAP e-book Course Overview TARGET AUDIENCE This course is intended for the following audiences: © Copyright. All rights reserved. vi 1/1 7/5/2020 SAP e-book UNIT 1 SAP Financial Closing cockpit for SAP S/ 4HANA - Overview Lesson 1 Presenting the SAP Financial Closing cockpit for SAP S/4HANA 2 UNIT OBJECTIVES ● Describe the challenges of financial closing ● Plan closing tasks ● Create a task list for a closing cycle ● Execute closing tasks © Copyright. All rights reserved. 1 1/1 7/5/2020 SAP e-book Unit 1 Lesson 1 Presenting the SAP Financial Closing cockpit for SAP S/4HANA LESSON OBJECTIVES After completing this lesson, you will be able to: ● Describe the challenges of financial closing ● Plan closing tasks ● Create a task list for a closing cycle ● Execute closing tasks Challenges of Financial Closing Figure 1: Growing Pressure is Here to Stay The world has changed with new pressures that are here to stay, such as the following: ● Volatility in markets, commodity prices, and stocks ● Increased focus on risk ● Regulation that will not go away ● Increasing globalization, requiring corporate management across diverse cultures ● Continuing pressure on margins © Copyright. All rights reserved. 2 1/1 7/5/2020 SAP e-book Lesson: Presenting the SAP Financial Closing cockpit for SAP S/4HANA ● Potentially disruptive technologies, some that will bring benefits, some that will change the shape of the markets in which we compete Figure 2: Greater Expectations from Finance All of these issue impact the chief financial officer (CFO) and his or her team. As a result, the CFO must balance sound stewardship and value creation, balancing entrepreneurship and caution. The CFO must strike a balance between keeping track of the big picture, while ensuring accuracy in the details. The balance requires the following: ● ● ● Fulfilling the stewardship role by ensuring regulatory compliance and effective risk management The expectation to add value by helping the organization to outperform stakeholder's financial expectations, generating more profit in the private sector or achieving more cost effective outcomes in the public sector Satisfying the requests from the organization for higher service quality at reduced cost It is a struggle with to deal with increasing pressure. While there is nothing fundamentally new, the stakes and challenges have increased significantly in past years. Figure 3: Our Solutions for Finance The SAP end-to-end processes for lines of business (LoB) finance maps to three business challenges: © Copyright. All rights reserved. 3 1/1 7/5/2020 SAP e-book Unit 1: SAP Financial Closing cockpit for SAP S/4HANA - Overview ● Ensure regulatory compliance and effective risk management To meet these challenges, SAP provides treasury and financial risk management, enterprise risk and compliance, and accounting and financial closing solutions. ● Outperform financial objectives and create sustainable value SAP provides a solution to manage financial performance. ● Deliver superior service SAP has solutions for the operations area of finance, Invoice to Pay, Receivables Management, Travel Management, and Real Estate life-cycle management, typically deployed in a shared services environment, and a Shared Services Framework for Finance, which unifies the solutions with the collaboration and communication elements need to make a shared service function work. SAP Portfolio of Applications Together, the SAP comprehensive portfolio of applications and end-to-end processes can help you achieve financial excellence: ● Strong cash flow and liquidity ● Compliant and accurate financial reporting ● Maximized profitability ● Reduced cost of finance ● Partnership with the organization to drive value creation Figure 4: Financial Closing - The Reality Financial close processes are increasingly more complex and period and year-end are often chaotic times. © Copyright. All rights reserved. 4 1/1