Hello SAP Financials Community,
Good day to all of you!!
This document is in continuation to my previous blog Simple Finance… SAP’s big leap towards restructuring SAP Financials on Simple Finance.
In this document, I will make an attempt to summarize the features / changes introduced by Simple Finance Add-on 1.0, for various process areas / activities.
Lets hit the ground now!!
The below summary is prepared out of document published by SAP, however, in a concise and easy-to-remember form. I have myself explored a majority of these, but not all.
|Cost Center Accounting||Master Data||In the activity type master data, pre-distribution of fixed costs is not supported for sender cost centers.|
|Activity Price Calculation||In the planning versions, tab of price calculation, the actual method should be set as Periodic price .|
|Period End Close||Variance Calculation||
|Assessments & Settlements||To take full advantage of the SAP HANA architecture, assessment cycles and settlement rules to ensure they are working with account- based profitability analysis|
|Order-to-Cash||COGS Postings||COGS can be split between multiple GL accounts to mirror the Cost Components|
|Credit Management||FI-AR-CR (Credit Management) will be sunset in next release. FSCM-Credit Management must be used|
|Joint Venture Accounting (Oil & Mining)||Not Compatible with New Asset Accounting|
|Project Systems||Master Data||To take best advantage of the SAP HANA selection capabilities, you must create selection variants|
|Data Archiving||Data Archiving made redundant, Already Archived documents can still be accessed
Data Aging introduced
|Cash and Liquidity Management||
|Year End Close||Balance C/f||The program for carrying forward balances now enables you to initialize data carried forward previously when you want to repeat a balance carryforward|
|Reporting||Income statement by market segments||Reporting uses a logical document that links the financial accounting (FI) line item, the CO line item, and the CO-PA dimensions (where available) to provide an income statement broken down by market segments.|
|Summarization Hierarchies in CO||
|Tables||Summary Tables removed||GLT0, FAGLFLEXT, COSS, COSP, KNC1/3, LFC1/3. (replaced by CDS Views)|
|Index Tables removed||BSIS, BSAS, BSID, BSAD, BSIK, BSAK, FAGLBSIS, FAGLBSAS (replaced by CDS views)|
|Impact on custom reports||Custom reports based on above tables will continue to work|
|Logical document||FI / CO document are now linked at Line Item level
This facilitates a logical view of the FI/CO document (Using HANA Live) via program FCO_LOGICAL_DOCUMENT
Hope you enjoyed the learning. Keep watching this space for other documents in the series
Do share your feedback about the document, once you read it. You may leave your comments at the end of the document, by clicking on “Add Comment”
You may also forward it to your colleagues so that it reaches the maximum audience
PS: Tagging SAP ERP Financials – Controlling and SAP ERP Financials – Asset Accounting forums into the document