Discover SAP ERP Financials (2nd Edition)

Discover SAP ERP Financials (2nd Edition)

2012-09-03
978-1-59229-429-9
592

Product Details

  • Discover what SAP ERP Financials is and whether it’s right for your business
  • Improve your financial processes and save money with this powerful software
  • Explore the major modules and their application for financial processes

You know that business financials are an essential part of every business, large or small, but do you how SAP ERP Financials can make it easier? From basic accounting and complex financial audits to reporting, SAP ERP Financials offers vast, diverse and customizable solutions.  This title offers a very detailed, reader-friendly reference that will give you an in-depth overview of the key components of SAP ERP Financials. Perfect for new users, decision-makers, and power users, with this title you will learn how to improve your efficiency in key financial areas, including profitability analysis, financial supply chain management, cost-accounting, and more. Updated for SAP ERP 6.0, EhP 5 and 6 with an expanded focus on real world scenarios and practical case-studies. 

Highlights

  • account receivables and payables
  • Investment Management
  • Financial Closing
  • Travel Management
  • payroll accounting
  • Consolidation
  • Overhead Cost Management
  • project accounting
  • product costing
  • financial planning
  • Profitability Analysis
  • Credit, Collections, and Dispute Management
  • Cash and Liquidity Management
  • Treasury and Risk Management

The Author

Manish Patel is a senior SAP professional with almost 15 years of experience in the IT industry. Over the last ten years, he has worked on a variety of SAP projects in a number of different industries and conducted several successful SAP trainings at SAP America locations. He is currently working as a senior SAP solutions consultant in Northern California, and is also the author of the SAP PRESS book SAP Account Determination.

Table of Contents

• ... Acknowledgments ... 17
• ... Preface ... 19
• 1 ... Overview ... 27
• ... What Does SAP ERP Financials Offer You? ... 29
• ... Where Can You Use SAP ERP Financials? ... 32
• ... Country-Specific Features ... 33
• 2 ... General Ledger ... 39
• ... Overview ... 40
• ... Functions in Detail ... 41
• ... Corporate Structure ... 41
• ... Basic Settings ... 45
• ... The New GL ... 51
• ... Special Purpose Ledgers ... 56
• ... Accounting Transactions ... 59
• ... Integration of the New GL ... 64
• ... Financial Closing ... 65
• ... Financial Reporting ... 69
• ... Summary ... 71
• 3 ... Receivables and Payables ... 73
• ... Overview ... 73
• ... Functions in Detail ... 76
• ... Master Data ... 76
• ... Customer Billing ... 80
• ... Incoming Payments and Cash Application ... 86
• ... Vendor Invoice Verification ... 88
• ... Payment Program ... 92
• ... Document Clearing Process ... 95
• ... Dunning Process ... 97
• ... Other Processes ... 101
• ... Reporting and Communication ... 104
• ... Summary ... 106
• 4 ... Taxation ... 107
• ... Overview ... 108
• ... Functions in Detail ... 109
• ... Setting Up Taxes ... 110
• ... Tax Calculation and Posting ... 115
• ... Tax Exemption ... 118
• ... Tax Reporting ... 120
• ... Withholding Tax ... 121
• ... The European Union and VAT Processing ... 127
• ... Case Study ... 135
• ... Summary ... 139
• 5 ... Bank Accounting ... 141
• ... Overview ... 142
• ... Bank Accounting Functions ... 142
• ... Banks and Bank Accounts ... 143
• ... Payment Methods ... 148
• ... Payment Media ... 151
• ... Payment Program ... 155
• ... Payment Aids ... 158
• ... Bank Statement Reconciliation ... 161
• ... Processing Electronic Bank Statements ... 164
• ... Other Bank Transactions ... 168
• ... Case Study ... 173
• ... Summary ... 176
• 6 ... Capitalization of Investments ... 177
• ... Overview ... 178
• ... Functions in Detail ... 180
• ... Investment Programs ... 180
• ... Appropriation Requests ... 183
• ... Investment Measures ... 188
• ... Planning and Budgeting ... 191
• ... Structuring Fixed Assets ... 196
• ... Asset Transactions ... 200
• ... Additional Functionality ... 204
• ... Reporting ... 208
• ... Case Study ... 211
• ... Business Challenge ... 211
• ... Solution Deployment ... 212
• ... Value Achieved ... 214
• ... Looking Ahead ... 214
• ... Summary ... 215
• 7 ... Travel Management ... 217
• ... Overview ... 218
• ... Functions in Detail ... 220
• ... Employee Mini Master ... 221
• ... Travel Requests and Approvals ... 224
• ... Travel Booking ... 227
• ... Travel Expenses ... 231
• ... Expense Accounting and Reimbursement ... 235
• ... Compliance and Reporting ... 238
• ... Case Study ... 241
• ... Summary ... 244
• 8 ... Payroll Accounting ... 247
• ... Overview ... 248
• ... Functions in Detail ... 250
• ... Process Overview ... 250
• ... Earnings Calculation ... 252
• ... Benefits and Deductions ... 256
• ... Tax Calculations ... 265
• ... Payroll Processing ... 268
• ... Posting and Payments ... 271
• ... Payroll Reporting ... 274
• ... Case Study ... 277
• ... Summary ... 281
• 9 ... Consolidation ... 283
• ... Overview ... 284
• ... Functions in Detail ... 285
• ... Consolidation Alternatives ... 285
• ... Consolidation Setup ... 287
• ... Data Collection and Postings ... 292
• ... Currency Translation ... 297
• ... Elimination Entries ... 300
• ... Elimination of IPI ... 303
• ... Consolidation of Investments ... 305
• ... Validations and Reclassifications ... 308
• ... Execution of Consolidation ... 310
• ... Case Study ... 312
• ... Summary ... 315
• 10 ... Overhead Cost Controlling ... 317
• ... Overview ... 318
• ... Functions in Detail ... 320
• ... Overview of Controlling ... 321
• ... Cost Elements in SAP ... 323
• ... Cost Center Accounting ... 326
• ... Internal Order Accounting ... 329
• ... Activity-based costing ... 332
• ... Period-End Closing ... 337
• ... Reporting ... 343
• ... Case Study ... 345
• ... Summary ... 348
• 11 ... Project Accounting ... 351
• ... Overview ... 351
• ... Functions in Detail ... 353
• ... Project Structures in SAP ... 354
• ... Project Costs ... 358
• ... Project Revenues ... 363
• ... Payments and Cash Management ... 367
• ... Claims Management ... 371
• ... Integration with Procurement and Production ... 373
• ... Other Functionality ... 375
• ... Case Study ... 379
• ... Summary ... 383
• 12 ... Product Costing ... 385
• ... Overview ... 386
• ... Functions in Detail ... 387
• ... General Concepts ... 389
• ... Product Costing Overview ... 392
• ... Product Cost Planning (CO-PC) ... 398
• ... Planning Aids for Costing ... 401
• ... Cost-Controlling Activities ... 405
• ... Actual Costing ... 413
• ... Product Costing Reports ... 417
• ... Case Study ... 419
• ... Summary ... 421
• 13 ... Profitability Analysis ... 423
• ... Overview ... 423
• ... Functions in Detail ... 425
• ... Profit Center Accounting (PCA) ... 426
• ... Profitability Analysis Overview ... 429
• ... Gathering Actual Data ... 439
• ... Planning ... 446
• ... Information System ... 450
• ... Case Study ... 452
• ... Summary ... 455
• 14 ... Financial Planning ... 457
• ... Overview ... 458
• ... Functions in Detail ... 460
• ... Common Planning Functionalities ... 460
• ... Costs Planning ... 466
• ... Revenue Planning ... 472
• ... Other Planning Elements ... 478
• ... Case Study ... 482
• ... Summary ... 484
• 15 ... Collections, Dispute, and Credit Management ... 487
• ... Overview ... 488
• ... Functions in Detail ... 490
• ... Credit Management Requirements ... 490
• ... Credit Check ... 494
• ... Comparison with SAP R/3 Credit Management ... 496
• ... Dispute Management Overview ... 498
• ... Processing a Dispute Case ... 501
• ... Integration of Dispute Management ... 504
• ... Collections Management Overview ... 505
• ... Collections Worklists ... 508
• ... Collections Management Integration ... 510
• ... Case Study ... 511
• ... Summary ... 515
• 16 ... Cash and Liquidity Management ... 517
• ... Overview ... 518
• ... Functions in Detail ... 520
• ... Cash Management ... 520
• ... Cash Concentration ... 527
• ... Tools and Reports ... 530
• ... Liquidity Planner ... 534
• ... Case Study ... 539
• ... Summary ... 543
• 17 ... Treasury and Risk Management ... 545
• ... Overview ... 546
• ... Functions in Detail ... 547
• ... Concepts and Terminology ... 547
• ... Transaction Management ... 552
• ... Accounting and Back Office ... 556
• ... Portfolio Analyzer ... 561
• ... Market Risk Analyzer ... 565
• ... Credit Risk Analyzer ... 568
• ... Data Maintenance and Reporting ... 571
• ... Summary ... 576
• ... Appendices ... 577
• A ... The Author ... 577
• B ... Glossary ... 579
• ... Index ... 589