Learn more about Controlling 2015 attendees, Mohamed Elshinnawy Qamar. Mohamed is a Senior SAP FICO Consultant with IBM and hails from Cairo, Egypt. Learn more about Mohamed, why he is attending Controlling 2015, and his travel route from Cairo to San Diego.
You may wonder why I am writing a book on such a specific topic. I initially had similar thoughts myself and wondered if the topic of CO-PA and general ledger reconciliation necessitated a whole book. However, I have found that this topic comes up time and time again with my clients and believe that it is important to provide information in a detailed manner to help businesses effectively deal with the reconciliation of CO-PA to the general ledger.
We’ve been working on a project at Woodward to implement SAP Business Planning and Consolidation 10.0, Version for SAP NetWeaver (BPC). This project is part of an overall roadmap aimed at unifying our financial systems across the company, while being able to maintain more than one ERP.
Take a look back at the Controlling 2013 keynote as Eric Chinchilla, IT Director of Global Finance Strategy & Execution at Johnson & Johnson, shared perspectives on how his organization is driving innovation in their SAP Controlling landscape.
Curious 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.
SAP Controlling Community members recently gathered for a webinar on Expert Tips for Reconciling CO-PA and the General Ledger.
Learn more about how Deere & Company developed SAP CO-PA and SAP SOP for accurate financial forecasting in this video presentation with slides from Controlling 2013 presented by Naveen Tandon, Project Manager at Deere & Company.
Not in sessions at SAPPHIRE NOW + ASUG in Orlando this week and in need of a healthy dose of SAP content?
ERP Corp's monthly webinar series will continue through the spring and summer. Read more about upcoming webinars and reserve your place now!
Why should we worry about reconciling costing based Profitability Analysis (CO-PA) to the GL? After all, GL is the book of record from an external reporting stand point. However, CO-PA has several advantages that the GL does not provide. For example, CO-PA can give us details on revenue and cost of sales (COS) split by sales order, product line, customer, etc. as opposed to the GL, which gives us only total revenue and total COS. CO-PA allows us to drill down to the details of a company’s profitability – customer, product line, which can be especially useful when forecasting future sales/COS. Therefore, CO-PA is an important financial tool; however for it to be accurate, we need procedures to reconcile or explain differences between CO-PA and the GL.
In this recorded session from Controlling 2013, you’ll hear how Johnson & Johnson, one of the world’s largest companies designed their global SAP CO-PA instance to support its diverse product types across consumer products, medical devices and pharmaceuticals.
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.
It’s here! Our team posted the Controlling 2014 conference sessions this week. Check out the targeted SAP Controlling content, great case studies, and even more opportunities to network with your peers and build and strengthen the SAP Controlling community.
Catch up on what's been going on in the SAP Controlling Community with a roundup of the best and most popular content from 2013.
On Monday, September 23, 2013 the Controlling 2013 keynote will feature customer innovations in SAP Controlling. Johnson & Johnson and Colgate-Palmolive will share unique approaches and innovations in regards to their organization's SAP Controlling technology.
This summer Controlling 2013 speakers have been writing blog posts on the most common SAP Controlling pitfalls & how to avoid them. If you have missed any of their posts, here is a recap:
Controlling 2013 will feature several prominent SAP customers presenting their lessons learned. Learn more!
Case Study: How Johnson & Johnson leverages SAP CO-PA configuration to support diverse product types
Eric Chinchilla
Our blog series on the most common SAP Controlling pitfalls and how to avoid them continues this week. SAP Controlling 2013 speaker Paul Ovigele discusses the most common pitfall is from his perspective.
The Controlling Profitability Analysis (CO-PA) module has been around about 15 years, and its original purpose was to enable businesses to produce market segment profitability reports predominantly based on sales data. It is particularly useful to users in the Finance and sales departments as it allows you to perform profitability analysis according to several dimensions (customer, product, country, salesperson etc.) and its real-time functionality aids quick and effective decision making. However, one pitfall of the Controlling module is the inability to automatically reconcile the CO-PA module with the General Ledger.
Controlling 2013 is the only dedicated conference for SAP professionals working with the management accounting (CO) module of SAP. Interested in checking out content from Controlling 2012? Here is a list of videos and slide downloads available publicly from Controlling 2012.
If you are using the Controlling Profitability Analysis (CO-PA) module, then you know that the task of mapping various objects to value fields is the key to ensuring that the reports are complete and accurate. The normal scenario is to assign amount fields such as sales conditions, general ledger accounts and production variances. However, it is also important to map quantity fields such as sales and production quantities to value fields (which are set up with a “quantity” attribute in transaction KEA6). Most sales and contribution margin reports contain these quantity values (for example Net Weight of products sold) in order provide the appropriate context for the reported revenue and cost of sales figures.
I will discuss the three main areas where you can make assignments to quantity fields in CO-PA:
