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.

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.

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.

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.

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.