CO integration with Procurement - The Business Partner is the central master data object in SAP S/4HANA for customer accounts. It represents a natural or legal person with whom business relationships can be established. The Business Partner contains: General data (application-neutral data, such as name, address, bank details). Business Partner Role specific data.
Examples of business partner roles include the following: FI Customer (FI-AR) FI Vendor (FI-AP) General business partner Supplier (MM) Customer (SD) Contract Partner (FI-CA).
Inventory Accounting and the Universal Journal under S/4 HANA, connect to the right ones. Classic Material Valuation provides balances per inventory account in company code currency, The Material Ledger provides balances per inventory account in multiple currencies. The Material Ledger provides options to perform multilevel actual costing performed using a costing run.
Profitability Analysis with SAP S/4HANA, choose correct ones. Costing-based CO-PA is the recommended approach. Cost-based is fully supported but is not integrated in the Universal Journal. You can either use Account-based or Cost-based approach but not both as parallel, for the customers you have to evaluate if there is a need for cost-based CO-PA. For derivation of customer specific profitability attributes CO-PA offers advanced derivation functionality, this can be used only for costing-based CO-PA. In both types of CO-PA, you will see a great speed improvement in processing when comparing to a non-HANA DB system.
CO integration with Production: New Variance Postings in SAP Accounting powered by SAP HANA, to provide more details in the income statement (FI) and in account based Profitability Analysis (CO-PA): a refinement of the posting mechanism for variances is required. to reflect the different variance categories on different G/L accounts to distinguish the reasons for the production variances. Multiple cost elements or variance categories can not be reflected at the same G/L account.
Real-time Account Based Profitability in Simple Finance, select correct statements: The Universal Journal as a single source of truth in SAP Financials provides profitability attributes for every P&L line item. The Operating Concern generation appends the CO-PA characteristics to the Universal Journal. Profitability attributes are not derived online. Profitability attributes can be enriched by further processes such as settlement or allocations. COGS split and Price Difference Split are possible. All of this means that you have Reconciled Profitability Reporting at any time.
The benefits of the architecture of SAP BPC for S/4HANA Finance are as follows: You need multiple SAP HANA systems. No data replication is necessary because of a direct link to ERP master data and actual data. Calculation of plan data is carried out on the SAP HANA database directly. Planning Application Kit (PAK), planning structures and functions can be modeled flexibly. You can use disaggregation, which is a functionality in the query designer, to perform a top-down-planning. SAP BW Query is a single base for all front-end solutions. Complete integration in the ERP Ul and all planning processes.
How a business partner is used in accounting is defined through the business partner role.
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The full functionality of the Material Ledger has been implemented in the Universal Journal.
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The standard granularity available in logistics for reporting purposes is the single lot.
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It is recommended to use Accounting Based CO-PA by default in an SAP S/4HANA system.
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Cost of Goods Sold are posted to accounting and costing based CO-PA during billing.
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The splitting scheme for Cost of Goods Sold (COGS) is assigned to the Controlling Area directly.
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When the goods from completion of production are transferred to stock, the production order is credited with the value of the delivered products according to the price in stock.
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During the price variance split, unassigned cost elements are posted to the account to which you have assigned the Default checkbox.
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Planning with BPC for S/4HANA requires data replication as the plan and actual data are stored in separate databases.
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The goal of finite capacity scheduling is to ensure that work proceeds at an even and efficient pace throughout the plant. Whereas Infinite scheduling tools, which are simpler, cannot account for limitations on the system that occur in real time. True False.
SAP Product Lifecycle Costing is a solution that calculates costs and other dimensions for products and quotations in an early stage of the product lifecycle, to identify cost drivers along the lifecycle quickly and to simulate and compare alternatives easily. True False.
The following is a list of the key capabilities of SAP Product Lifecycle Costing: Real-time calculation engine. Integration with SAP ERP to import data and structures, such as bills of materials (BOMs), routings, and standard prices. Import of existing structures including BOMs and routings from Microsoft Excel. Master data management to manually maintain and use data that is available in SAP ERP. Early calculation of costs for new products before complete structural data and prices are available. Calculation versioning to compare costing alternatives. Constant refinement of data throughout the entire product lifecycle.
The Central Finance solution can be adopted by customers even when not all source systems are SAP systems.
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Cost Centers are replicated using the Cost Object Mapping Framework.
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Central Finance projects have a fixed duration timeline of 3 months from the analysis phase to go-Live.
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Product Lifecycle Costing works when integrated with SAP systems only.
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Product Lifecycle Costing works with only on the SAP HANA platform.
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To work in a calculation version for a new product, you have to first maintain master data for all components.
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In SAP BusinessObjects Planning and Consolidation (SAP BPC), powered by SAP S/4HANA, a set of sample XLS workbooks is delivered, True False.
In SAP BPC powered by SAP HANA, an analysis workbook to carry out planning of a Balance Sheet.
Balance Sheet Planning is available on Periods and on Years. Only on years.
In embedded SAP BW with the SAP HANA database, you can perform planning using optimized internal database routines. To copy plan data from SAP BW to the SAP ERP table, SAP provides dedicated XLS workbooks, along with a Planning Application KIT (PAK) with basic planning functions copy, repost, delete, revaluate, disaggregation with Formula Extensions (FOX). True False.
If you link SAP BPC with SAP BPC 10.1, version for SAP NetWeaver (Embedded Planning), the department can create Business Process Flows to model and monitor the entire planning process. The planners perform the planning along the predefined process steps and you can monitor progress and the deadlines. Automatic upcoming of messages is possible when a status change is performed. You can involve a reviewer who checks the quality of plan data before the next planning steps are carried
out. There is also the concept of a "work status", which can be used by a responsible person or manager to lock plan data.
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