F1120 - Outlining the Record to Report Process in SAP S/4HANA

UNIT 1 Master Data Concept and Source Structure in the Record to Report Area

v  Explaining Chart of Accounts, General Ledger, Company Code, Controlling Area, and Their Relationship

• Explain chart of accounts, general ledger, company code, controlling area, and their relationship
• Explain chart of accounts level and company code level of a G/L account

v  Explaining G/L Account Settings on Chart of Accounts Level, Company Code Level, and Controlling Area Level

v  Using Reporting Options to Display Changes Made to G/L Accounts

v  Using G/L Account Maintenance with Individual and Collective Processing

v  Explaining Other Organizational Elements in Financial Accounting

UNIT 2 General Concepts of G/L Postings

v  Explaining the Basic Concepts of Postings and Documents

• Explore the basic concept of postings and documents in SAP

v  Describing the Structure of a Document and Identifying

• Explain the structure of a document in the system
• Identify some of the most relevant control elements of the record-to-report postings

v  Some of the Most Relevant Control Elements of Record to Report Postings

v  Browsing and Retrieving Financial Documents

• Retrieve an existing document in the most efficient way

v  Explaining the Usage of Document Types, Document Numbering and Posting Keys

• Use journal entry types and document numbering in SAP
• Explain the use of posting keys in SAP

v  Explaining the Importance of Working with Financial Posting Periods and the Use of Dates in Postings

• Post in the correct posting period and choose correct dates during posting

v  Explaining the Utilization of Different Account Assignment Objects

v  Performing a Manual Posting of a General Ledger Document

v  Utilizing General Ledger Document Upload Functionalities

• Upload a general ledger document

v  Explaining How to Change a Posted Document

• Change a posted accounting document
• Track changes to a posted accounting document

v  Identifying How to Reverse Journal Entries

• Reverse a journal entry in SAP

v  Defining How to Hold and Verify General Journal Entries

• Use the hold function on an existing accounting document
• ØSubmit a journal entry for validation and process it subsequently

v  Describing How the Manual Clearing of a Document Works

• Perform a manual clearing of a posting

v  Describing How to Perform Reporting

• Use different reporting functions like data selection filters

v  Identifying How to Perform Multidimensional Account Analysis

UNIT 3 Postings to Meet Internal and External Reporting Requirements

v  Exploring the Concept of Parallel Accounting for External Accounting

• Describe parallel accounting functionality using multiple ledgers
• Compose a ledger-specific posting
• Analyze and view normal postings and ledger-specific documents
• Create a ledger-specific financial statement

v  Analyzing the Concept of Segment Accounting for Internal and External Purposes

v  Describe the purpose of segment reporting to satisfy GAAP and IFRS requirements

• Demonstrate the concept of document splitting and how it relates to segment reporting
• Compare the options available for splitting scenarios
• Analyze the enhanced data by using the document splitting expert mode in posting simulations and
• post documents
• Analyze the entry and ledger views of posted documents
• Generate a segmented financial statement

v  Explaining the Concept of Cost of Sales Reporting

• Describe the purpose of cost of sales functionality
• Analyze and view normal postings and functional areas
• Post a document including functional area
• Create a cost of sales financial statement

Unit 4: Financial Close Process

v  Executing the Steps for Month-End and Year-End Entity Close

• Describe the important steps in the month-end and year-end close

v  Using Posting Period Variants to Control the Opening and Closing of Posting Periods

v  Setting Up the General Ledger to Display Accruals and Deferrals

• Explain the concept of accruals and deferrals

v  Executing Automatic Clearing for Regular Maintenance

• Explain how automatic clearing is used in the general ledger

v  Revaluing Foreign Currency G/L Balances

v  Running the Balance Carryforward Program

v  Applying Manual Adjustments

v  Managing Financial Statement Versions

Execute a financial statement using global hierarchies