This Blog post is for all experienced Controlling Consultants and beginners. By reading this blog, you understand how the WIP and variance calculation in product cost by period process and also link manufacturing orders with PCC. In repetitive manufacturing scenario, we use production cost by period method in product costing. if a product manufacturing process....
In this article, I would like to share a successful experience with a business challenge in the context of FI Reporting of how to split WIP ( Work in Progress) to separate GL accounts for Material and Overhead costs during WIP settlement of Production Orders/Process Orders at Period Closing in S/4HANA. The business requirement: Split....
In general if Central Finance is to be used only for financial reporting system where all finance operations including open items, payments, clearings etc will remain in source system then tax reporting will also remain in the source systems. However, in an operational Central Finance scenario where CFIN becomes the system of record, tax reporting....
Usually, it is the requirement from most of the clients to do Revaluation of Plant Maintenance Orders at Actual Prices wherever PM Module implemented. In this document, we will cover how to revaluate plant maintenance orders at actual prices and their settlement to relevant cost object. Revaluation of PM Order at actual prices is quite difficult....
Purpose This document aims to identify and describe all tasks associated with the project cutover related to SAP Controlling. In addition, This document will be used as a key communication tool to project teams regarding cutover activities. Introduction A number of steps need to be executed in order to deliver a fully operational S/4 HANA....
How to write a user exit for validation and substitution. Sometime there is a requirement which we can achieve only with the help of technical team. Here I am explaining how a functional guy can make some basic user exit and ask ABAP team to write the correct logic. Introduction This document aims to....
In this blog post, I want to show you step-by-step how to use the Custom Function interface to extend the code in the Manage Substitution/Validation Rules app with customer-defined functions, and adapt it to your business needs. To better illustrate the procedure, I’ll provide you with an example implementation. Note: Developer extensibility is only available in SAP S/4HANA Cloud with....
Project WBS Element can collect costs from various MM/PM objects like Purchase Order, Maintenance Order, Service orders etc. and budget can be tracked using Availability Control. I want to explain about, how we can track budget of Employee Payroll expenses using Statistical WBS element. This blog is to purely demonstrate the budget availability control using....
This article aims to get a one-stop solution and an overview of the various SAP FICO standard reports for techno-functional consultants, especially reporting consultants. The quick comparisons will help consultants solve most of the ambiguities raised when analyzing reconciliation issues. Overview of FICO: FICO, an abbreviation for Finance and Controlling, is a vital module....
Some days ago, I read the blog “Universal Allocation in SAP S/4HANA 2021” written by Daigo Imai. According to the blog, in S/4 HANA 2021, the Universal Allocation APP (ID F3338 ) allows iteration, a functionality that was missing in previous versions. Let’s see an excerpt from Diago’s blog: Excerpt of Blog – Daigo Imai With....
Introduction I implemented recently as the responsible SAP CO consultant several S/4 HANA projects in various product versions. The latest being S/4 HANA 2021. I found that each subsequent release added important additional functionality towards completing the final vision for Margin Analysis, that is the new account-based CO-PA in the Universal Journal. This blog post should....
Recently I was checking for some options to create ‘Short and Long Descriptions’ for GL Accounts in Transaction FSP0 (Table SKAT) and noticed the MASS Change does not help as the descriptions are not currently available in a language that is required to be updated. MASS Change helps only to change the existing Texts in....
Dear Colleagues This is in continuation of my previous currency blog SAP S/4HANA Currency Setup Many time we get question that what should be our controlling area currency 10/ 20 or 30, in cases where Cross-company-code cost accounting is active. Let us understand different options & their implications for this CO Area currency setting . Case....
valid as of SAP S/4HANA 2020 This is the 2nd blog in my blog post series on managing hierarchies in SAP S/4HANA. Blog 1/3: FIORI apps to manage hierarchies Blog 2/3: Detailed features of FIORI app “Manage Global Hierarchies” Blog 3/3: Detailed features of other FIORI app to manage hierarchies In this blog, we will....
Valid as of SAP S/4HANA 2020 In this blog post series, I will provide an overview of the functionalities available for managing hierarchies in SAP S/4HANA. I will also discuss some of the interesting features and limitations of the FIORI apps supporting hierarchies. Blog 1/3: FIORI apps to manage hierarchies Blog 2/3: Detailed features of....
With Introduction of S/4HANA and Fiori, demand for SAP have taken upward trend. SAP has become first choice for Corporates. With this, demands for SAP consultants have also increased many fold. With this increase in demand, individuals, students, experienced candidates should consider SAP profile as a career. In order to justify this, I have tried....
Execution part of SAP Central Finance project is always a issue when it comes to system performance. There are several Initial Loads to be executed and all of them cause lot of performance issues specially on source system. In this blog I will discuss some options to overcome those issues but of course on the relevant....
With SAP S/4HANA 2020 FPS01 SAP has added feature in FI initial load. With classic way it was always you need to run the package of documents and do hit and trial but now it little easy. I will not explain much in theory rather take you directly to SAP screens. See how Please note to....
In any projects, testing is one of the key component and quality of testing defines the success rate during and post go live largely. In this blog, the discussion is focussed on how to plan the test strategy in Central Finance project. It is important to understand that Central Finance projects are different from....
