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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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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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BPC 10 on SAP HANA: How Speed Unlocks Innovation at CareFusion Video Blog

b2ap3_thumbnail_SAP_Controlling_Keynote_BPC_Michael_DeLeo_CareFusion_Resized.jpg

At the Controlling 2014 conference keynote address, Michael DeLeo, Director of Cost Accounting for CareFusion, presented a keynote address on BPC 10 on SAP HANA: How Speed Unlocks Innovation at CareFusion. Michael addressed the following topics:

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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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Great Article..It was very informative..I need more details from your side..include some tips..I am working in Erp In India... Read More
Saturday, 19 March 2016 11:29
Guest — Harini
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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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Introduction to SAP Business Planning and Consolidation (BPC 10.1) Version for SAP NetWeaver (and HANA)

SAP Business Planning and Consolidation, or BPC 10.1, version for SAP NetWeaver (and HANA) was released into general availability this summer giving the planners out there some great new features that will be highlighted in my blog today. This is a release that focuses heavily on usability and NetWeaver platform integration so unfortunately there is no Microsoft Platform equivalent with the 10.1 release. 

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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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SAP HANA and SAP Controlling – New Opportunities and New Challenges Webinar Now Available for Download

On July 11, 2013 Janet Salmon, Chief Product Owner for Management Accounting at SAP AG, delivered a webinar to the SAP Controlling Community on SAP HANA and SAP Controlling – New Opportunities and New Challenges.”

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Most Common SAP Controlling Pitfall: Inability to Automatically Reconcile the SAP CO-PA Module with the SAP General Ledger

Paul Ovigele

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.

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