SAP S/4HANA Central Finance allows you to establish a Central Reporting Platform for FI/CO with the option of creating a common reporting structure. Additionally, selected financial processes can be executed centrally in this system. To prepare common reporting structures, you can map your different accounting entities (for example, account, profit center, or cost center) in your source systems to one common set of master data in the central system. You can then replicate Financial Accounting and Management Accounting postings to your Central Finance system.

Description

SAP S/4HANA Central Finance is there in the market for quite some time, now additionally it can be seen as an approach to adopt SAP S/4HANA. It enabled FI documents to be replicated in a new Central Finance system which running on S/4HANA. Central Finance is relevant in an organization where there are multiple older SAP ERP instances or other Non-SAP Finance applications.

SAP S/4HANA Central Finance exploits the capabilities of HANA i.e. real-time, speed and agility to replicate financial documents into the central system, giving a real time organization-wide financial view. In short, Central Finance allows you to create a common reporting structure for an organization.

Objective
On completion of this course you will be able to:-

  1. Understand the use cases of SAP Central Finance
  2. Explain the concept and architecture of Central Finance
  3. Scope the main requirements in the SAP Central Finance project
  4. Basic knowledge on how to setting up and configuring a SAP Central Finance landscape
  5. Basic knowledge on how to execute a SAP Central Finance project

Pre-requisites

  1. This course is only recommended to learners who are familiar with SAP ERP Financial Accounting or Management Accounting in SAP ERP.
  2. Hands-on experiences in implementation projects of SAP ERP or SAP S/4HANA are highly recommended.
  3. Financial Accounting Consultants should fulfill the following SAP S/4HANA prerequisites: * Essential
  4. S 4F01 Financial Accounting in SAP S/4HANA

Who should attend this Training?

The course is aimed at solution architects or learners with at least an associate-level of knowledge of Financial Accounting or Management Accounting on SAP ERP and ideally also on SAP S/4HANA.

  1. FI/CO solution architect
  2. FI/CO application consultant
  3. FI/CO development consultant

Unit 1: Overview of SAP S/4HANA Central Finance

  • Understanding the SAP S/4HANA Central Finance
  • Understanding Use Cases for SAP S/4HANA Central Finance

Unit 2: Central Finance Architecture

  • Understanding the SAP S/4HANA Central Finance Architecture
  • Understanding Data Flow in SAP S/4HANA Central Finance
  • Understanding the SAP S/4HANA Central Finance Functions

Unit 3: SAP S/4HANA Central Finance Setup and Configuration

  • Setup and configure source system for Central Finance integration
  • Setup and configure SLT and AIF for Central Finance integration
  • Setup and configure Central Finance System
  • Configure Business Mapping with MDG Mapping
  • Configure Cost Object Mapping Framework
  • Understand Advanced Settings and Central Finance BAdIs
  • Master Data Replication

Unit 4: SAP S/4HANA Central Finance Initial Load

  • Initial Load of Cost Objects
  • Initial Load of FI/CO postings
  • Initial Load of CO internal postings
  • Validation and Reconciliation in Central Finance
  • Resetting Initial Load

Unit 5: SAP S/4HANA Central Finance Real Time

  • Real Time Replication
  • Document Flow to the Source System
  • Fiori Apps and Reporting

Unit 6: Corporate Finance Processes supported by Central Finance

  • Central Processes
  • Credit Management
  • Dispute Management
  • Collection Management
  • BPC Integrated Management
  • Shared Service Framework

Unit 7: SAP S/4HANA Central Finance Project

  • Central Finance Project Setup
  • Scoping an SAP S/4HANA Central Finance Project
  • Understanding the Organizational Change behind a SAP S/ 4HANA Central Finance Project
  • Central Finance Run Phase

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