BLOG
Anurag Barua will present RISE with SAP at SAP Controlling 2022 Conference October 10-11, 2022.
When did SAP launch RISE with SAP?
Launched in January 2021, RISE with SAP helps your company migrate to SAP S/4HANA in the cloud.
What are the advantages of RISE with SAP?
RISE with SAP accelerates your business transformation into an Intelligent Enterprise.
It’s been a few months since our last SAP FICO Controlling conference so here's a wrap up of the SAP topics we covered. We had a wonderful time at the beautiful SAP HanaHaus overlooking Newport Beach marina.
Some of the highlights of the SAP topics covered below were expertly delivered by Anurag Barua from SAP who talks about RISE with SAP and benefits to your company. Marjorie Wright took us through the benefits of SAP S/4HANA Margin Analysis. Tom King talked about transitioning Material Ledger to SAP S/4HANA.
Dirk Lonser & Maitrang Nguyen from UST took us through a SAP S/4HANA Finance to Public Cloud case study. Chris Ritterhern & Steve Christos from SAP discuss planning with SAC & SAP Cloud. Finally, Stephen Thomaidis from SAP shows us how SAP transitioned from a software to a cloud company.
Topics and videos from March 2022 are available for replay with ERPcorp Learning Membership.
You use configuration Transaction OBYC to assign SAP General Ledger (GL) accounts in Financial Accounting (FI) to movement types in Materials Management (MM), also known as SAP MM-FI Automatic Account Determination or Assignment.
With the introduction of SAP S/4HANA there have been many improvements in SAP Controlling including:
- Cost elements are now included in General Ledger (GL) accounts with a cost element category.
- SAP Material Ledger is mandatory. SAP Actual Costing is not mandatory.
- SAP Margin Analysis based on account-based CO-PA now has advantages over costing-based CO-PA. All SAP development on profitability Analysis now takes place in SAP Margin Analysis.
SAP assembly scrap allows you to plan for faulty or damaged assemblies.
Since no production process is perfect, some scrap is always produced. You can either scrap or rework assemblies and components that do not meet quality standards. Depending on the problem, you may scrap cheaper items and rework costly items.
When setting up SAP Scrap we recommend you work with our ERPCorp experts:
Characteristics from a profitability segment can be read and posted to income statement line items based on the best guess principle. This feature was introduced in account-based CO-PA in S/4HANA 1610. You can use drill-down reporting on posted data. Without attributed profitability segments, you must wait until month-end activities such as settlement, allocation and top-down distribution. With this new CO-PA feature, you can achieve real-time profitability reporting during the month.
SAP Subcontracting involves sending components to a vendor where an assembly is manufactured. The vendor returns the completed assembly, and during goods receipt, the components are issued from subcontract inventory. Subcontracting is a purchasing-controlled process.
Special procurement type in the MRP 2 view determines when you manufacture a material with the subcontracting process.
SAP cost estimates determine how the material is sourced by the procurement type. Material requirements planning (MRP) guarantees material availability by monitoring stocks and requirements and by generating planned orders for procurement and production. A cost estimate needs data on how the material is procured as the first step in determining material cost. Let’s see how to display procurement types and then look at how cost estimates utilize this information.
SAP Actual Costing with SAP Material Ledger allows variances to flow to semi-finished and finished products based on the consumption of lower-level components. While multi-level price determination allows you to see the actual price of all materials at the end of the period, you cannot display price differences rolled up separately from the lowest to highest-level materials. You only see price differences assigned from the next lowest level.
