Universal Parallel Accounting in SAP S/4HANA 2022

By Janet Salmon

Table of Contents

• Inventory Accounting
• Universal Parallel Accounting & Product Costing
• Unconsolidated Views
• Consolidated View
• Ledgers in Universal Parallel Accounting
• Parallel Currencies for Product Costing
• Currency Settings for Group Valuation Ledger
• Material Valuation
• Standard Cost Estimates
• Actual Costing
• Bal Sheet Valuation
• Comments
• Glossary

Inventory Accounting

Let's look at Universal Parallel Accounting with regard to Inventory Accounting and explain the changes in:

• Material Valuation
• Product Cost Planning
• Actual Costing
• Balance Sheet Valuation

SAP S/4HANA Finance Frequently Asked Questions

by Janet Salmon

Is merging of actuals & plan into ACDOCA versus ACDOCP?

Is the planning data going to go to ACDOCA or ACDOCP? 

If we copy actual to plan for each monthly forecast version, will the P table end up with 12 times the records of the A table?

Planning data will update to ACDOCP. In your copy function you would have to decide at what aggregation you updated ACDOCP (1:1 or roll-up e.g. production orders to not have quite so much data in your forecast). 

SAP S/4HANA – Let’s Get Under the Covers

by Janet Salmon

Join Janet Salmon,Chief Product Owner for Management Accounting at SAP SE, Thursday, June 16, 2016 at at 10:00 AM PST for a sneak peek of her SAP Controlling session on SAP S/4HANA. 

SAP Simple Finance 1503 FI and CO Closer Together

By Janet Salmon

In this recording from Controlling 2015, Janet Salmon, Chief Product Owner for Management Accounting at SAP SE presented SAP Simple Finance 1503- Accounting and Controlling Step Closer Together. In this session Janet introduced the latest challenges to accounting and controlling in SAP Simple Finance 1503.

SAP is in the process of reinventing SAP Financials using SAP HANA to enable new programming paradigms and SAP Fiori to provide a new user interface.

Learn more about Janet's sessions at the Controlling 2019 conference.

SAP Simple Finance 1503 - FAQ's

By Janet Salmon

Our SAP Controlling Community gathered June 2015, 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 SAP Controlling Conference 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 with Margin Analysis. Keep reading for a list of frequently asked questions that came up during the webinar on SAP Simple Finance 1503.

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.

SAP Accounting Powered by SAP HANA – Moving Controlling and Finance Closer Part III

By Janet Salmon

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 Accounting Powered by SAP HANA – Moving Controlling and Finance Closer Part II

By Janet Salmon

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 Accounting powered by SAP HANA – Moving controlling and finance closer together - Part I

By Janet Salmon

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.

When SAP introduced the concept of enhancement packages and packaged functionality in business functions, administrators were relieved that they would not have to test everything when they upgraded. However, it made some business functions difficult to locate.

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 Accounting powered by SAP HANA - FAQs

By Janet Salmon

Table of Contents 

1. Is this as simple as Hasso Plattner promises
2. Is this just a newer version of the general ledger
3. How do I report in SAP Accounting powered by SAP HANA
4. What are the deployment options
5. What about the cloud
6. Why does all this matter

I’ve spent the last six months working with the first accounting customers to validate and implement SAP Accounting powered by SAP HANA. I’ve talked with even more customers about the possibilities of the new solution. SAP Accounting powered by SAP HANA will be made generally available on 1st August 2014.

In this blog, I explain how the new solution differs from earlier versions and discuss some of my learnings.

Did you hear the buzz around SAP Simple Finance at Sapphire? See what SAP Controlling experts have to say about the developments and learn more about SAP Simple Finance and SAP Accounting powered by SAP HANA sessions at Controlling 2014.

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

On July 11, 2013 Janet Salmon, Chief Product Owner for Management Accounting at SAP AG, delivered a webinar to the SAP Controlling Community on “SAP HANA and SAP Controlling – New Opportunities and New Challenges.”

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.