Main menu

ERPCorp SAP FICO Blog

Video Blog: SAP Simple Finance 1503 - Accounting and controlling step closer together

In this recording from Controlling 2015, Janet Salmon, Chief Product Owner for Management Accounting at SAP AG presented "SAP Simple Finance 1503- Accounting and controlling step closer together". In this session Janet introduced the latest challenges to accounting and controlling in SAP Simple Finance 1503. SAP is in the process of reinventing SAP Financials using SAP HANA to enable new programming paradigms and SAP Fiori to provide a new user interface.

 

save 400 button

Learn more about Janet's sessions at the Controlling 2019 conference.

 

Continue reading
  9732 Hits
  49 Comments
9732 Hits
49 Comments

Thoughts on the Controlling 2015 Conference from John Pringle, SAP FICO Competency Group Lead with Illumiti

b2ap3_thumbnail_John-Pringle-Resized.jpgI just got home from Controlling 2015 and am already missing the sunny California weather.  This was the second year for me at the conference and the first year for presenting.  I think I underestimated the amount of time and work involved in pulling the presentations together, but overall it was a great experience and I would encourage anyone who is interested to give it a try.

Continue reading
  5484 Hits
  0 Comments
5484 Hits
0 Comments

Controlling 2015 Keynote Recap & Webcast with Gary Cokins

Gary Cokins 100x100Gary Cokins is an internationally recognized expert, speaker, and author in advanced cost management and enterprise performance and risk management systems. Gary emphasized that now is the time for the accounting and finance to expand beyond financial accounting, reporting, and cost control and discussed how companies and individuals can support sales and marketing target to increase profits.

Continue reading
  4950 Hits
  0 Comments
4950 Hits
0 Comments

Cost Flow Excel Worksheet

The Cost Flow Excel worksheet from yesterday’s “Filling in the Gaps FICO Account Posting” session is now available for download (download it now here CostFlow.xlsx). Thanks for your attendance and great questions!”


I hope that this session enabled you to better understand when, and how, values post to Financial Accounting and Management Accounting. 

 

Continue reading
  5660 Hits
  1 Comment
5660 Hits
1 Comment

Enhancement Pack 4 Functionality for Outsource Manufacturing or Subcontracting Operations

Ross Christoph ResizedWith Enhancement Pack 4 SAP provided additional functionality for processing Outsource Manufacturing or Subcontracting operations.

Continue reading
  7022 Hits
  0 Comments
7022 Hits
0 Comments

Closing the Wide Gap Between Accounting and the Marketing/Sales Function

Gary Cokins ResizedI look forward to presenting at the Controlling 2015 conference September 21-24 in San Diego. I am passionate about management accounting. My belief is there is much opportunity for accountants to improve the quality of information they provide to internal users to support better decision making.

 

Continue reading
  5404 Hits
  0 Comments
5404 Hits
0 Comments

SAP Simple Finance 1503 - FAQ's

On Thursday, June 11, 2015 members of the SAP Controlling Community gathered for a webinar presented by Janet Salmon on the latest changes to accounting and controlling in SAP Simple Finance 1503. The webinar was a a sneak peek of Janet's Controlling 2015 plenary session. The webinar Explored how changes in SAP Simple Finance will affect SAP Controlling including how accounts and cost elements will merge, what you can expect to see in Reporting and Planning, and how account-based CO-PA has been enhanced to provide better Profitability Reporting. Keep reading for a list of frequently asked questions that came up during the course of the webinar on SAP Simple Finance 1503.

Continue reading
  22981 Hits
  64 Comments
22981 Hits
64 Comments

Espresso Tutorials Book Authors Featured at the Controlling 2015 Conference


b2ap3_thumbnail_P1020240.JPGControlling 2015 features a number of prominent Espresso Tutorials book authors on the speaker roster. Learn more about the authors and their books. Two Espresso Tutorials authors, Tanya Duncan and Thomas Michael, were awarded the 2014 SAP Controlling Community awards

Continue reading
  6516 Hits
  0 Comments
6516 Hits
0 Comments

Introduction to SAP Material Ledger - Excerpt from Things You Should Know About Controlling with SAP (2nd Edition)

Excerpt from 100 Things You Should Know About Controlling with SAP (2nd Edition) by John Jordan:

With the material ledger, you can carry inventory in up to two additional valuations and at actual costs, described as follows:


save 400 button

Carry material prices in multiple currencies and valuations

Material inventory values are normally carried in only company code currency. The material ledger enables the system to carry inventory values in two additional currencies/valuations. This is achieved by updating all goods movements in the material ledger in up to three currencies or valuations. Currency amounts are translated into foreign currencies at historical exchange rates directly at the time of posting. 

Value inventory at actual costs

Actual costing valuates all goods movements within a period at the standard price (preliminary valuation). All price and exchange rate differences for the material are collected in the material ledger.

At the end of the period, an actual price is calculated for each material based on the actual costs of the period. This actual price is called the periodic unit price and can be used to revaluate the inventory for the period to be closed. You can use this actual price as the standard price for the next period.

Actual costing determines what portion of the variance is to be debited to the next-highest level using material consumption. The actual bill of materials enables variances to be rolled up over multiple production levels all the way to the finished product. You can choose to have cost center variances also taken into account. 

This category of tips describes how multiple valuations and actual costing work, and the material ledger period-end closing process. It also describes the implementation steps needed during production startup. The actual cost component split and deactivating the material ledger are also explained. 

Keep reading in Things You Should Know About Controlling with SAP (2nd Edition)Use coupon code CTLSP10 for 10% off on www.sap-press.com.

 

Continue reading
  6811 Hits
  0 Comments
6811 Hits
0 Comments

Learn more about Controlling 2015 Gold Sponsor 3C Software

3C Software Controlling 2015 Gold Sponsor

 ERP Corp is pleased to announce that 3C Software will be a gold sponsor for Controlling 2015. They will sponsor the conference bag. 

Continue reading
  5161 Hits
  0 Comments
5161 Hits
0 Comments

Controlling 2015 Speaker Profile: Jerry Cavalieri

Jery Cavalieri Controlling 2015 SpeakerToday, we are profiling Controlling 2015 speaker Jerry Cavalieri. is an SAP Financials expert and utility industry veteran with more than 25 years of combined experience in financial management for utilities and SAP implementation and enhancements. He is currently CEO of HPC America, a software development and consulting firm specializing in FICO, FERC, and Work Management. Previously, Jerry was an accounting principal at Pacific Gas & Electric, where he led the creation of the first regulatory reporting solution for utilities on SAP. Jerry is also on the Boards of ACRT, Inc. and HealthCare Information Management, Inc. Learn more about Jerry and what he sees as some of the important trends in SAP Controlling. 

Continue reading
  7504 Hits
  0 Comments
7504 Hits
0 Comments

Why your team needs to be at the Controlling 2015 Conference

b2ap3_thumbnail_Group-Networking-Lunch-Resized.pngJoin teams from Asarco, CPS Energy, Illumiti, NTUA, Teleflex, Salt River Project, Woodward (and more!) at Controlling 2015.  

Take advantage of meeting with Controlling conference organizers to create a plan for their team's participation and make the most of their time. In addition, most teams find time during the course of the conference to meet and strategize about how to apply their learnings at the conference once they get home. Here are just a few of the reasons why your SAP FI/CO team needs to be at Controlling 2015:

Continue reading
  5218 Hits
  0 Comments
5218 Hits
0 Comments

SAP PRESS Authors Featured Speakers at the Controlling 2015 Conference


b2ap3_thumbnail_controlling2015_logo_datecityTag.png

The Controlling 2015 conference September 21-24, 2015 in San Diego features a number of prominent SAP PRESS book authors on the speaker roster. Learn more about the authors, their books, and their Controlling 2015 conference presentations.

Continue reading
  5600 Hits
  0 Comments
5600 Hits
0 Comments

SAP Accounting powered by SAP HANA – Moving controlling and finance closer together - Part III

New users have traditionally struggled to understand the way SAP separates Financial Accounting and Management Accounting where most legacy systems see the two as one. While it’s easy enough to understand how a payroll account flows from the profit and loss statement into cost center accounting because the account information stays the same, the situation becomes more challenging as a revenue account flows into profitability analysis and is transformed into a value field, or a cost of goods sold account becomes multiple value fields depending on the cost components involved. In its latest product release, SAP is bringing the two worlds closer together.

Continue reading
  5506 Hits
  0 Comments
5506 Hits
0 Comments

SAP Material Ledger: New Tips and Key Updates Webinar Recording Now Available

Controlling 2015 Rogerio FaleriosMembers of the worldwide SAP Controlling Community gathered on Friday, April 17, 2-15 for a webinar delivered by Rogerio Faleiros on SAP Material Ledger: New Tips and Key Updates

Continue reading
  6883 Hits
  0 Comments
6883 Hits
0 Comments

Dive into SAP FI/CO with popular speaker Paul Ovigele at Controlling 2015


Paul Ovigele Controlling 2015Popular SAP Controlling speaker Paul Ovigele will present several sessions at Controlling 2015. Based on feedback from Controlling 2014, Paul has developed sessions on the topics attendees want to learn more about. Paul will present sessions on:

Continue reading
  6245 Hits
  0 Comments
6245 Hits
0 Comments

Five Expert Tips and Tricks for SAP Controlling and Financials Webinar Recording and Slides


Paul Ovigele Controlling 2015On Friday, March 13 Paul Ovigele presented a webinar on Five Expert Tips and Tricks for SAP Controlling and Financials. 

Continue reading
  14415 Hits
  2 Comments
14415 Hits
2 Comments

April 2015 Webinar Announcement - SAP Material Ledger: New Tips and Key Updates

Controlling 2015 Rogerio FaleriosIs your company getting the most out of the available SAP Material Ledger functionality? Join SAP Material Ledger expert Rogerio Faleiros on Friday, April 17 at 10:00 PST/12:00 CST/1:00 EST for SAP Material Ledger: New Tips and Key Updates

Continue reading
  5801 Hits
  0 Comments
5801 Hits
0 Comments

Controlling 2015 Speaker Profile: Marjorie Wright of SimplyFI-CO, LLC

Marjorie Wright Controlling 2015 SpeakerToday, we are profiling Controlling 2015 speaker Marjorie Wright. Marjorie Wright is the founder of SimplyFI-CO, LLC: a boutique SAP training consulting company. She is an accomplished subject matter expert in SAP ERP business process and customizing and is a highly respected education consultant in the components of Financial Accounting, Management Accounting, and Financial Supply Chain Management. 

Continue reading
  5535 Hits
  0 Comments
5535 Hits
0 Comments

Controlling 2015 Speaker Profile: Rich Lasalle, 3C Software

Rich LaSalle Controlling 2015 SpeakerToday, we are profiling Controlling 2015 speaker Rich Lasalle. Rich joined 3C Software in 2011 as the Director of Business Analysis and became Director of Professional Services in 2012. In this role, Rich has responsibility for the tactical execution of client services engagements. He works in concert with both the sales and development teams to execute and deliver successful ImpactECS implementations and manage ongoing client relationships. In roles at Tom’s Foods and Acorn Systems, Rich has over 15 years of costing and cost system development experience. Learn more about Rich and what he sees as some of the important trends in SAP Controlling. 

Continue reading
  5357 Hits
  0 Comments
5357 Hits
0 Comments