Accounting and Financial Close:S/4HANA 2502

A Comprehensive Guide through the Latest Accounting and Financial Close Processes in S/4HANA 2025 version

What you'll learn
Ensure accurate and complete financial records by facilitating account reconciliation, enabling transaction reviews, and validating data
Streamline the financial close and minimize errors and fraud risks through standardized processes and controls.
Empower cross-functional teams with robust collaboration features, allowing them to gather information, resolve discrepancies, and meet reporting deadlines
Identify risks and improvement opportunities with variance analysis and trend assessment features.

Requirements
Basic Accounting Knowledge

Description
Embark on a journey with SAP through our role-based, benefits-driven course designed to effectively showcase our SAP portfolio. Throughout this course, you'll explore the functionalities and benefits of modules including Finance: Accounting and Financial Close and Record to Report. You'll discover how SAP solutions can help you transform your business by integrating financial operations and streamlining end-to-end processes. Engage with SAP's user-friendly interface and understand how our intelligent applications can promote real-time decision-making and improved business outcomes. This course will present a practical perspective on how SAP enhances business efficiency and accelerates growth.This course covers all required period end-closing steps, related to do local period-end closing and steps that are identical for local and parallel ledger. The SAP FI General Ledger Accountant has the following features:Free choice of level: corporate group or companyAutomatic and simultaneous posting of all subledger items in the appropriate GeneralLedger Accountant accounts (reconciliation accounts)Simultaneous updating of General Ledger Accountant and cost accounting areasReal-time evaluation of and reporting on current accounting data, in the form of account displays, financial statements with different financial statement versions and additional analyses. Essentially, the General Ledger.The universal journal serves as a complete record of all business transactions. It is the centralized, up-to-date reference for the rendering of accounts. Actual individual transactions can be checked at any time in real-time processing by displaying the original documents, line items, and transaction figures at various levels such as:Account informationJournalsTotalsTransaction figuresBalance sheetProfit and loss evaluationsFinancial Close Closing operations are periodic tasks and can be subdivided in FI as follows:Day-end closingMonth-end closingYear-end closingThe closing operations component helps you prepare and carry out the activities required for day-end, month-end, and year-end closing. For this purpose, the system provides a series of standard reports that you can use to generate evaluations and analyses directly from all of the posted account balances.Period End (Day End, Period End, Year-End)Update exchange ratesEnter Accrual/Deferral Journal EntriesReverse Accrual/Deferral DocumentAccount maintenance – clearingCarry Forward for BalancesSAP S/4HANA Cloud Public Edition SAP S/4HANA Enterprise Management SAP S/4HANA Cloud Private Edition SAP S/4HANA Cloud Private Edition, enterprise management#GenLedAccounting#RISEwithSAP#GROWwithSAP#

Who this course is for
Finance Business Users
SAP Financials Consultants
Company Executives
Solution Architects
Business Analysts