Financial Close with SAP S/4HANA

1. Auflage 2026
ISBN: 978-1-4932-2732-7
Verlag: Rheinwerk Verlag GmbH

Buch, Englisch, 533 Seiten, Format (B × H): 184 mm x 259 mm, Gewicht: 1090 g

Reihe: SAP Press Englisch

Ready to close your books in SAP S/4HANA? Walk through the end-to-end process, from preclose to year-end close. Review specific activities for period-end close, management accounting close, group reporting, and consolidation. Then streamline your task management with SAP Advanced Financial Closing. Manage tax compliance and reporting, preview future innovations, and more with this complete guide!

Highlights include:

1)Master data

2)Organizational structure

3)Cost objects

4)Upstream activities

5)Month-end close

6)Management accounting close

7)Annual close

8)Group reporting and consolidation

9)SAP Advanced Financial Closing

10)Tax reporting and compliance

11)Analytics

Autoren/Hrsg.

da Cunha, Francisco

Górecki, Piotr

Kashikar, Mandar

La Kier, Howard A.

Pawar, Sonam

Reed, Rodney

Six, Marc

Sriram, Srinivas

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Wirtschaftsinformatik, SAP, IT-Management
• Mathematik | Informatik EDV | Informatik Angewandte Informatik Wirtschaftsinformatik
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen
• Mathematik | Informatik EDV | Informatik Business Application Unternehmenssoftware SAP

Inhaltsverzeichnis

... Preface ... 15

... The Objective of This Book ... 15

... The Structure of This Book ... 15

... Acknowledgments ... 17

... Conclusion ... 17

1 ... Introduction to SAP S/4HANA and Financial Close ... 19

1.1 ... Overview of Financial Close ... 19

1.2 ... Historical View of Close in SAP ERP ... 20

1.3 ... Evolution of Financial Close ... 21

1.4 ... Financial Close with SAP S/4HANA ... 23

1.5 ... Typical Closing Calendar, Tasks, and Ownership ... 25

1.6 ... Policy, Compliance, and Segregation of Duties ... 28

1.7 ... Summary ... 30

2 ... Organizational Structures, Master Data, and Cost Objects ... 31

2.1 ... Overview of Data Elements ... 31

2.2 ... Financial Accounting ... 34

2.3 ... Management Accounting ... 50

2.4 ... Additional Dependent Master Data and Cost Objects ... 75

2.5 ... Summary ... 88

3 ... Financial Accounting Preclose and Upstream Activities ... 89

3.1 ... Overview of Upstream Activities ... 89

3.2 ... Accounts Payable ... 91

3.3 ... Goods Receipt/Invoice Receipt ... 123

3.4 ... Accounts Receivable ... 132

3.5 ... Allowance for Doubtful Accounts and Write-Offs ... 169

3.6 ... Revenue Recognition ... 179

3.7 ... Summary ... 186

4 ... Financial Accounting Close ... 187

4.1 ... Open and Close Posting Periods ... 188

4.2 ... Internal Orders and Project Close ... 190

4.3 ... Fixed-Asset Close and Dependence on Capital Projects ... 198

4.4 ... Intercompany Transaction Management ... 221

4.5 ... Currency Revaluation ... 236

4.6 ... Journals and Accruals ... 256

4.7 ... Account Reconciliation ... 275

4.8 ... General Ledger Allocations ... 292

4.9 ... Summary ... 295

5 ... Management Accounting Close ... 297

5.1 ... Inventory Accounting and Costing ... 297

5.2 ... Management Allocations ... 321

5.3 ... Profitability Reporting ... 334

5.4 ... Summary ... 349

6 ... Annual Close ... 351

6.1 ... Reviewing and Reconciling Year-End Balances ... 351

6.2 ... Tax Returns and Compliance ... 354

6.3 ... Carrying Forward Balances into the New Fiscal Year ... 359

6.4 ... Summary ... 361

7 ... Consolidation and Group Closing ... 363

7.1 ... Implementation Approaches, Setup, and Data Models ... 363

7.2 ... Data Monitor and Consolidation Monitor ... 371

7.3 ... Group Reporting Accounting Integration and Data Collection ... 373

7.4 ... Consolidation Processing and Reporting ... 391

7.5 ... Summary ... 413

8 ... Close Automation and Analytics ... 415

8.1 ... SAP Advanced Financial Closing ... 417

8.2 ... Task Management ... 463

8.3 ... Business Process Automation and Business Process Mining ... 471

8.4 ... Close Analytics and KPIs ... 474

8.5 ... Summary ... 478

9 ... Tax and Compliance Management ... 479

9.1 ... Tax Calculation and Provision ... 479

9.2 ... Tax Reporting and Compliance ... 484

9.3 ... Summary ... 492

10 ... Current and Future Innovations ... 493

10.1 ... Artificial Intelligence and Generative AI ... 494

10.2 ... Universal Parallel Accounting and Value Chain Analysis ... 506

10.3 ... Sustainability and SAP Green Ledger ... 510

10.4 ... Future Capabilities in Financial Close ... 514

10.5 ... Summary ... 518

... The Authors ... 519

... Index ... 523

Über Autor(innen)

Six, Marc
Marc Six is a partner at TruQua, an IBM Company. He has been a featured speaker at worldwide SAP finance conferences, broadcasts, and shows throughout the last decade; he has co-authored the E-Bite Introducing SAP S/4HANA Cloud for Advanced Financial Closing (AFC) and other finance thought leadership material focused on business transformation and change. Marc began his career in 2014 as a financials and controlling consultant at SAP specializing in SAP S/4HANA, Central Finance, and the managerial accounting, period-end close, and consolidation process areas. While he is an SAP functional and technical expert, Marc also has experience in management consulting gained during time spent at KPMG as a senior consultant in the advisory practice. Marc has helped dozens of Central Finance customers implement high-value global solutions since the product’s earliest versions, and he continues to be a proven industry leader in project roadmap construction, business case development, and business process optimization and improvement.

Kashikar, Mandar
Mandar Kashikar is a senior managing consultant with IBM consulting. He has 22 years of experience in financial accounting, revenue accounting and reporting, and enterprise portfolio and project management. He has delivered more than 15 large SAP S/4HANA implementation projects in industries including telecommunications, media and entertainment, energy and utilities, and manufacturing. Mandar is a strategic leader and consultant with deep expertise in SAP S/4HANA Finance, known for blending high-level frameworks with practical solutions. His expertise has made him a sought-after resource within IBM.

Reed, Rodney
Rodney Reed is a senior managing consultant in the SAP practice at IBM Consulting. He has extensive experience delivering solutions for product costing, margin analysis, overhead cost controlling, material ledger/actual costing, and general accounting for complex, global SAP clients with more than 20 years spent working on full lifecycle implementations. Rodney’s deep knowledge of SAP products and business processes enables him to uncover and translate business requirements into value-adding solutions, enabling his clients’ success across food and beverage, automotive, energy, electronics, and high-tech industries.

Sriram, Srinivas
Srinivas Sriram is the group reporting North America leader at TruQua, an IBM Company, where he drives business value for clients by implementing strategic technology solutions. His more than 20 years of experience covers financial data model design, system integration architecture, financial consolidation and financial planning, data analytics and performance management solutions, and end-to-end close solutions incorporating management and legal requirements using SAP S/4HANA Finance, group reporting, SAP Business Planning and Consolidation, Real-Time Consolidation, SAP Analytics Cloud, BlackLine, and Workiva. Srinivas has diverse experience across multiple industries, including in technology, consumer goods, healthcare, and utilities.

La Kier, Howard A.
Howard A. La Kier assists clients in their digital transformations enabled by SAP ecosystem solutions as the financial transformation go-to-market and delivery leader for TruQua, an IBM Company. He is the co-author of SAP S/4HANA Cloud for Advanced Financial Closing (AFC) and has more than 30 years experience focusing on finance and upstream processes from source to pay, lead to cash, plan to fulfill, acquire to decommission, idea to market, and hire to retire and the solutions that enable them. Howard has worked with some of TruQua and IBM’s largest clients and implementation programs globally in roles such as project executive, program manager, advisor, global integration lead, and global finance lead with SAP ERP products ranging from SAP R/3 to SAP S/4HANA, Central Finance, SAP S/4HANA Public Cloud, group reporting, SAP Concur, and close automation, include SAP S/4HANA Cloud for advanced financial closing. His deep business process and technology expertise affords him a strategic view to uncover business requirements, translate technical topics in business language, simplify complex situations to drive clarity, and facilitate decision-making to yield desired business outcomes. His clients consider him a trusted business partner and coach who enables their professional and business success.

Pawar, Sonam
Sonam Pawar is a senior managing consultant with extensive experience running business transformation programs enabled by SAP finance and related solutions. She works with record-to-report and financial planning and analysis executive management and business teams to optimize business processes and drive value for finance organizations. Sonam has expertise in designing and delivering period-end close and close automation projects with SAP and Blackline solutions, including developing and delivering end user training for business and IT teams. She has spoken at SAP events across the world on a wide range of topics, making the latest trends in finance transformation more accessible to business and IT users alike, and breaking down upcoming features of Central Finance and SAP S/4HANA Finance. Sonam’s industry exposure spans professional services, banking, insurance, oil and gas, energy, CPG, and pharmaceuticals and her past SAP S/4HANA implementations cover greenfield, brownfield, and Central Finance.

Górecki, Piotr
Piotr Górecki is a program manager and enterprise architect in the IBM Global SAP Center of Competence. He has nearly 30 years of experience in planning and delivering complex business transformation programs enabled by SAP solutions. Piotr has helped deliver large, global SAP projects successfully based on expertise that includes consumer products, life sciences, retail, and telecommunications industries. In his current role, he helps customers define their SAP S/4HANA roadmaps and identify new solutions and technologies that enable them to reach their business goals. Piotr can be reached via www.linkedin.com/in/piotrgorecki/.

da Cunha, Francisco
Francisco da Cunha is a leader in the Europe Middle East and Africa Center of Competence and TruQua EMEA, an IBM Company, focused on finance transformation and SAP S/4HANA global sales and delivery. He has a wide range of business consultancy experience, having delivered more than 20 projects and advised on many clients’ SAP S/4HANA scoping and roadmap initiatives. Francisco’s strong finance background, proven project management experience leading large teams, and SAP S/4HANA expertise enables him to ensure clients have the right solutions and business processes that leverage market-leading practices and the most recent technology innovations. Since 2018, Francisco has specialized in SAP S/4HANA and has delivered multiple SAP S/4HANA full-lifecycle projects (greenfield, SAP public cloud, bluefield, brownfield, and Central Finance). His clients consider him a trusted partner with the required experience to shape and deliver any SAP S/4HANA-based initiative.