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S4F16
SAP Financial Closing cockpit in
SAP S/4HANA
.
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PARTICIPANT HANDBOOK
INSTRUCTOR-LED TRAINING
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Course Version: 14
Course Duration: 2 Day(s)
e-book Duration: 4 Hours 35 Minutes
Material Number: 50152708
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SAP Copyrights, Trademarks and
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Typographic Conventions
American English is the standard used in this handbook.
The following typographic conventions are also used.
This information is displayed in the instructor’s presentation
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Hint
Related or Additional Information
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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)
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Course Overview
TARGET AUDIENCE
This course is intended for the following audiences:
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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
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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
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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:
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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.
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