Financial Close with SAP S/4HANA

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!

• Review essential steps to close your financial accounting, controlling, and consolidated ledgers
• Use SAP Advanced Financial Closing to automate your close
• Analyze and monitor close activities with SAP Analytics Cloud, SAP Document and Reporting Compliance, and more

In this book, you’ll learn about:

1. Financial Close Basics

Discover how the financial close process has evolved with SAP S/4HANA and review a typical closing calendar. Set up your organizational structure, master data, and cost objects to suit your business.

2.Performing Your Close

Execute your financial close from end to end, including preclose and upstream activities, month-end close, management accounting close, year-end close, and consolidation. Get tips to identify and correct errors each step of the way.

3.Automation, Reporting, and Beyond Automate your closing processes with SAP Advanced Financial Closing. Use solutions such as SAP Analytics Cloud to report on your most important KPIs, and discover how SAP Document and Reporting Compliance helps with tax-related reporting and compliance

About the author

Piotr Górecki is a program manager and enterprise architect in the IBM Global SAP Center of Competence (CoC). He is the co-author of SAP S/4HANA: An Introduction and has nearly 30 years of experience in planning and delivering complex global business transformation programs enabled by SAP solutions.

Francisco da Cunha is an associate partner and leader in the Europe Middle East and Africa Center of Competence (EMEA CoC) and TruQua EMEA, an IBM company, focused on finance transformation and SAP S/4HANA global sales and delivery.

Howard A. La Kier assists clients in their digital transformations enabled by SAP ecosystem solutions as the financial transformation go-to-market leader for TruQua, an IBM company.

Sonam Pawar is a senior managing consultant with extensive experience running business transformation programs enabled by SAP finance and related solutions.

Marc Six is a partner at TruQua, an IBM Company. He has been a featured speaker at worldwide SAP Finance conferences, broadcasts, and shows over the last decade, and co-authored the book Introducing SAP S/4HANA Cloud for Advanced Financial Closing (AFC) and other finance thought leadership material focused on business transformation and change.

Srinivas Sriram is the North America leader for group reporting at TruQua, an IBM Company, where he drives business value for clients by implementing strategic technology solutions.

Highlights include:

• Master data
• Organizational structure
• Cost objects
• Upstream activities
• Month-end close
• Management accounting close
• Annual close
• Group reporting and consolidation
• SAP Advanced Financial Closing
• Tax reporting and compliance