Controlling 2014 Plenary Session Recording: SAP Accounting powered by SAP HANA – Moving controlling and finance 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.

In this plenary session from Controlling 2014, Janet Salmon explores how SAP is addressing these issues with its new product SAP Accounting powered by SAP HANA, part of SAP Simple Finance. This presentation delves into how the requirements for internal and external reporting are converging and how this convergence impacts SAP Controlling.

This session covers: 

• Changes to report revenue and cost of goods sold by the CO-PA dimensions and how break out the cost of goods sold into multiple accounts
• How overhead is captured and allocated either from cost centers to CO-PA dimensions (assessment) or from high-level to lower-level CO-PA dimensions (top-down distribution)
• The underlying architecture and how FI and CO line items are linked.
• New reports that visualize the transformation of expense into cost of goods sold, work in process, and assets under construction 
• How the period close process has been accelerated in SAP Controlling

Explore the first planning applications that allow you to plan costs according to the new paradigm of SAP Simple Finance, where the account is the leading dimension for all accounting activities.