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Financial Accounting

Financial Accounting is one of the most important components of a company's SAP system. Especially in companies where logistics and the associated export of goods takes place, financial accounting and controlling plays a major role. To ensure that important legal guidelines are always adhered to, several checks must be carried out daily to ensure the correctness of data.
The finance module in SAP S/4HANA, in conjunction with the fast SAP HANA database required for this purpose, makes these checks possible.

SAP S/4HANA Finance (Enterprise Management)

SAP S/4HANA Finance, can be implemented locally (on-premise), in the cloud or in a hybrid model.
Accelerate financial closings, improve compliance and control, and reduce the effort and costs of closing deals - with SAP S/4HANA Finance's accounting and financial closing processes.

Examples of fundamental changes in SAP S/4HANA Enterprise Management

  • Customers and vendors are replaced by business partners
  • SD credit management is replaced by the credit management of FSCM
  • Material ledger is mandatory
  • New pricing and output determination
  • New asset accounting and NewGL are mandatory

Asset Accounting
Asset Accounting is integrated into the universal journal architecture under SAP S/4HANA - thus there is no redundant data. Several parallel documents are posted in real time for all valuations (HGB, IAS, US-GAAP, etc.) to ensure correct values from the start. Depreciation runs are now performed in line item postings.