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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.

SAP 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?

One of the most important aspects of Controlling 2015 is the opportunity to network with the SAP Controlling community. Participants will have the opportunity to share knowledge, best practices, insight, perspectives, and opportunities in a relaxed, community atmosphere. There are many ways to connect with your fellow Controlling 2015 conference attendees. Here are a few Controlling 2015 networking highlights:

SAP® is the Controlling 2015 Conference platinum lab sponsor. The lab will offer an opportunity for attendees to work hands on in a lab setting with recent SAP innovations including SAP Simple Finance powered by SAP HANA. 

Join 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:

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.

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.

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.

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:

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.

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.

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. 

On Thursday, May 29 members of the SAP Controlling Community gathered for a webinar on SAP HANA. Listen to the recording and find out how SAP customers are connecting to a dedicated SAP HANA system in the cloud.

ERP Corp's monthly webinar series will continue through the spring and summer. Read more about upcoming webinars and reserve your place now! 

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

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. 

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.

In this SAP Controlling 2013 interview, Jon Reed of Jon ERP and Julian Delvate of Alta Via Consulting discuss SAP Controlling and HANA.

The second annual SAP Controlling conference took place September 22 – 25, 2013 in San Diego, CA. The conference brought together SAP Controlling professionals from across the United States, Europe, and Central America for 4 days of sessions and networking.

A number of hot topics emerged during the course of the conference and were discussion points during sessions and networking. We have selected a few hot topics to share with you, along with related session content. Three Controlling 2013 presentations are available for download. In order to download the presentations, you will be asked to submit your name and email address.

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.