Understand the Key Differences and Innovations in SAP S4 HANA 1610 | SAP S4 HANA Training Course

There has been an incredible surge in interest when it comes to SAP S4 HANA. Users and professionals alike have plenty of question regarding the what, why and how of S4 HANA. To learn about S4 HANA and its innovations register for SAP S4 HANA Training from Learn IT Training SAP Training from master of online trainings platform gives you the best insight into the technology to gain maximum knowledge according to industrial practices.

It has to be noted that S4 HANA Finance is a different product as compared to S4 HANA (Enterprise Management). And S4 HANA Finance comprises of just the finance innovations on to the pre-existing system. Therefore everything in logistics will remain as it was before. It also has to be noted that the migration effort to this product is considerably lower than directly moving to S4 HANA. Learn more from SAP Simple Finance Training.

Profitability analysis in S4 HANA

Improvement and consolidation of Account based COPA is made possible in S/4HANA,And this is the recommended form of Profitability Analysis. Even though there is no integration with Universal Journal, Costing-based Profitability Analysis is still offered which can be utilized in parallelMission-critical gaps of the past are sealed with the list of enhancements in Account Based profitability analysis.

• Posting of goods issue is used to split cost of goods sold on multiple accounts depending upon the component split
• Order settlement handles the split of production variances on multiple accounts
•  Three new quantity fields are offered in line items
• There is Real-Time derivation of market segment information gotten from cost postings

    Summary of the enhancementLimitations existing in the current set of enhancements, in Account Based Profitability Analysis, are:

• ·  Sales conditions not posted to GL not supported
  · Realignment of features which are altered after posting are partially supported and doenot extend to all characteristics.
  · Generation of sales order creates expected revenue, COGS and more in profitability analysis which is not supported.

Want to know more about sales order distribution then register for SAP SD Training.Attributed profitability segments This is one of the most important enhancements in profitability analysis.For instance when one has a debit memo request in a Time and Material Service order having a settlement rule for settlement to COPA. There will be no profitability segment, but an account assignment to the service order will exist for the debit memo request. This implies that one cannot possess the profitability segment information unless and until service order is settled to COPA. This new functionality sees the real account assignment to service order and also sees to an attributed assignment to a profitability segment.

Event based revenue recognition

Identification of cost and revenues will be done as and when they occur, and the entry of source document will create two postings. These include initial cost and revenue entry and, revenue recognition posting There is also a new application called ‘Event-based Revenue Recognition’ for monitoring revenue recognition postings and manual adjustments.

Bank Account Management

Conventional setups saw house banks and also bank account in SAP. But in this version, a fundamental function of Bank Account Management within Cash management is incorporated into the core, which is called Bank Account Management Lite. Learn all the financial details from SAP FICO Training.New differences and features as contrasted with the old bank account setup and house bank are as follows:

• Group wise account management
• Opening and closing with approval process
•  Easy maintenance of bank accounts
• Overdraft limit
•  Signatory

New Asset Accounting

A pre-requisite for migration to S4 HANA Finance is once again the migration to New Asset Accounting. This is because of the following reasons:-

• Elimination of data redundancy
• Ensuring of reconciliation between GL and AA
• Transparent assignment of depreciation area to accounting principle

Embedded analytics and reporting

SAP seamlessly integrates analytics and transactions into a single system enabling operational reporting for transaction data that is live.There is a lot of ground to cover in S4 HANA, with so many new possibilities arising out of pre-delivered Virtual Data Models and new data structures which mean the performance of HANA with its cutting-edge reporting tools and interfaces enhances SAP’s tool efficiency greatly learn al from SAP HANA Training.Business logic is embedded in pre-defined models across the suite, which comprises of the entire concept of embedded analytics in S4 HANA. Learn more from SAP S4 HANA Training program. Fiori-reporting, SAP Lumira, and Analysis for Office are the most commonly used S4 HANA implementations by customers Fiori reporting concepts are explained in SAP FIORI Training course.

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