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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.

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Get up to speed on SAP S/4 HANA and recommendations on valuable resources

b2ap3_thumbnail_DSC_8182_Resized.jpgSAP has billed S/4 HANA as their most important software release in 23 years. Customers are on board with SAP's attempt to "simplify" for real-time business, but there are plenty of questions. Once again SAP financials pros are in the center of it all, with Simple Finance being one of the first S/4 HANA components. What are the best ways to get up to speed on S/4 HANA and Simple Finance 1503?

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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.

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

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.

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

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.

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Controlling 2014 Plenary Session Recording: SAP Accounting powered by SAP HANA – Moving controlling and finance closer together


b2ap3_thumbnail_DSC_8182_Resized.jpgNew 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.

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Controlling 2014 Plenary Presentation Slides: SAP Accounting powered by SAP HANA – Moving controlling and finance closer together


b2ap3_thumbnail_DSC_8182_Resized.jpgNew 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.

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SAP Accounting powered by SAP HANA - Frequently Asked Questions

I’ve spent the last six months working with the first accounting customers to validate and implement SAP Accounting powered by SAP HANA. I’ve talked with even more customers about the possibilities of the new solution. SAP Accounting powered by SAP HANA will be made generally available on 1st August 2014. In this blog, I’ll explain how the new solution differs from earlier software versions and discuss some of my learnings.

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What is SAP Simple Finance? - Webinar Recording Now Available

SAP Controlling Community members recently gathered for a webinar on SAP Simple Finance and SAP Accounting powered by SAP HANA.

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SAP Controlling Holiday Weekend Reading List

b2ap3_thumbnail_Controlling-2013-Panel.jpgCurious what’s been going on in the SAP Controlling Community? Catch up on the best and most popular content from the first half of 2014 and solidify why the Controlling conference in San Diego needs to be part of your 2014 SAP training plans.

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Have you heard the buzz around SAP Simple Finance?

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Did you hear the buzz around SAP Simple Finance at Sapphire? See what SAP Controlling experts have to say about the developments and learn more about SAP Simple Finance and SAP Accounting powered by SAP HANA sessions at Controlling 2014.

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Not at SAPPHIRE? Get Your SAP Content Fix

Not in sessions at SAPPHIRE NOW + ASUG in Orlando this week and in need of a healthy dose of SAP content?

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Exclusive Sneak Peek of New SAP Smart Accounting Functionality Webinar Recording Now Available

Janet Salmon's sneak peek of new SAP Smart Accounting functionality webinar recording is now available. 

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Exclusive Sneak Peek of New SAP Smart Accounting Functionality


Join Janet Salmon, Chief Product Owner for Management Accounting at SAP AG, for a sneak peek of new SAP Smart Accounting functionality, part of Smart Financial Package 1.0. Join Janet on March 14 at 1:00 pm EST, 12:00 pm CST, 10:00 am PST

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Speaker Profile: Janet Salmon, Chief Product Owner for Management Accounting at SAP

hdshot jsalmonToday, we are profiling Janet Salmon, Chief Product Owner for Management Accounting at SAP. Find out how Janet got her start at SAP, what she sees as some of the most important trends in Controlling, and what she does in her free time.

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