SAP Simple Finance add on • Overview of SAP HANA • Overview of the SAP Simple Finance add on • The Universal Journal • Migration to the SAP Simple Finance add on • The New Asset Accounting • Results of the migration
2 Contents developed by Nitin G.
SAP Simple Finance add on • Overview of SAP HANA • Overview of the SAP Simple Finance add on • The Universal Journal • Migration to the SAP Simple Finance add on • The New Asset Accounting • Results of the migration
3 Contents developed by Nitin G.
The Universal Journal The universal journal entry is the unified data storage for both financial accounting (FI) and management accounting (or controlling (CO)) It contains all of the relevant accounting data, details about, for example, customers, vendors, assets, products, and regions. This means all of the accounting data is always available at the same time for analysis in each report that is based on the universal journal entry. In addition, you can enhance the journal entry with your own fields.
Financial accounting and controlling are continually being
reconciled. As a result, you can carry out month-end closing more quickly. All accounts, even the secondary cost elements required for controlling - are portrayed uniformly as G/L accounts. A journal entry is similarly created for internal clearing, such as cost center assessments and distributions.
4 Contents developed by Nitin G.
The Universal Journal Account-based profitability analysis is also fully integrated in the journal entry. This ensures a continual account-based reconciliation between financial accounting and controlling. The differentiated display of the cost of sales in various cost components (for instance, material costs, production costs and overhead) is also possible with accounts. You can carry out both account-based and costing-based profitability analysis in parallel.
Processing and analysis of data is based on line items rather
than pre-configured totals, so that you can achieve the highest level of granularity available. Moreover, you do not have to set up aggregates before evaluating the data, which limits the type of analysis you can do and the speed of the analysis. With SAP HANA, you can perform your analysis quickly. This covers all the dimensions that you have in your line items.
5 Contents developed by Nitin G.
The Universal Journal A document containing all relevant data for a business transaction that has been posted in one of the following application components: General Ledger Accounting (FI-GL) Asset Accounting (FI-AA) Controlling (CO) Exception: Costing-based Profitability Analysis (CO-PA) Material Ledger (CO-PC-ACT) The universal journal entry can be used for reporting on legal requirements, responsibilities, and the market. Examples of such reporting are: spend analysis by area of responsibility, profit and loss (P&L) statement by market segment, and WIP analysis by cost object. The universal journal entry links Financial Accounting (FI) with Controlling (CO) and Profitability Analysis (CO-PA) at the line item level
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