ERPCorp SAP FICO Blog

This week we are profiling Martin Munzel, SAP CO/PS Specialist and co-founder of Espresso Tutorials. Learn more about Martin and his view on what is most important to his customers. 

I recently used an interesting piece of configuration in the valuation variant to value externally and intercompany purchased materials.  My client has unique challenges because they are vertically integrated. They produce almost every raw material that goes in to their finished goods including packaging and the machinery to produce finished goods. The amount of intercompany purchases is massive and we needed a sustainable way to value purchased items and reference the purchasing conditions for intercompany markups and other charges like freight and shipping labor. This configuration is a multi-step process, but it’s fairly simple when you have all the pieces configured correctly.

This week we are profiling Tanya Duncan, SAP FICO Consultant with Deloitte. Learn more about Tanya and her start with SAP through the SAP University Alliance program.  

This week we are profiling Thomas Michael, CEO of Michael Management Corporation. Learn more about some of the most important trends that Tom sees in the SAP training space. 

This week we are profiling Chris Karch, Stream Lead for SAP FI/CO at Rockwell Automation.  Learn more about Chris’s involvement with implementing SAP Controlling and Rockwell Automation and how he hopes to influence change in SAP Product Costing. 

Today, 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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The Controlling 2012 conference is quickly approaching and will take place September 24-25, 2012 in San Diego. As a preview of the excellent SAP training you will receive, we are releasing two set of presentation slides in advance of the conference. We released the first yesterday, “The impact of SAP HANA: Revolutionary changes for your SAP Controlling data?”. The second, will be presented by John Jordan and is called “Analyze your production costs and variances with SAP standard reports.”

There have been a number of conference agenda content and networking updates. Thank you for all of your excellent suggestions. Here are a few updates that I think you will be interested in.

The Future of SAP Controlling and Financials functionality: An exciting and innovative pre-conference session that will give conference attendees the opportunity to:

Results Analysis is functionality in SAP Controlling to valuate ongoing, unfinished activities, such as production orders, internal orders or projects at month-end. The underlying assumption for each of these activities is that they will add value when they are finished – a production order will yield a finished product, while a customer project will eventually be billed to the customer.

To learn more about SAP results analysis and other SAP FICO topics please visit our new SAP FICO Learning Center, please click here

Material Ledger is SAP’s solution to performing actual costing. It ontains the benefits, without the disadvantages, of the two traditional methods of inventory valuation - Standard Costing and Moving Average. Before you can understand the functionality of Material Ledger, it is always good to start with some of the characteristics of these two traditional approaches.