SAP S4 HANA Finance Tutorial for Beginners

Users are now able to reimagine finance with the SAP S/4HANA Finance solution (formerly SAP Simple Finance). This ERP financial software runs on the in-memory platform of SAP HANA, and supports financial planning and accounting, among others. Almost all verticals are familiar with SAP S/4 HANA Finance. And therefore, the pay scale of SAP S/4 HANA experts is around $100,000.

Watch this SAP Fico Video

SAP S4 HANA Finance Tutorial – Learn SAP S4 HANA from Expert SAP S4 HANA Finance Tutorial for Beginners Users are now able to reimagine finance with the SAP S/4HANA Finance solution (formerly SAP Simple Finance). This ERP financial software runs on the in-memory platform of SAP HANA, and supports financial planning and accounting, among others. Almost all verticals are familiar with


This free introduction to SAP HANA finance tutorial will provide you with the necessary experience in SAP HANA basics, Pathway to S4 HANA, Features & Architecture of S4 HANA, General ledger accounting, Account types, Managing ledgers in SAP, Reporting options, Management accounting in S/4 HANA Finance, Integrating Business Planning for Finance and Migration to S/4 HANA Finance.
In the present time, SAP HANA finance can be used widely in multiple use cases like S/4HANA deployment option, with the unifying feature being one or more legacy ERP’s that will transfer financial data to Central Finance, statutory reporting and transition to regional template.
Replacing the responsibility of data maintenance on the traditional systems, it simplifies administrator’s tasks in the digital platforms. The in-memory data support in SAP HANA supports smoother processing of data transactions with fault-tolerance analysis. With SAP HANA, you can perform simple data operations on a unified cloud platform.
Here we have the list of topics if you want to jump right into a specific one:

Special features of SAP HANA :

In the present time, SAP HANA can be used widely in multiple use cases database management and solutions including big data processing and implementing business warehousing processes. It has received an excellent rating from analysts for its in-memory computing engine on huge volumes of data and deploy real-world projects. It offers an advanced relational database product with high-performance analytic system, HANA.
This tutorial is designed with a similar perspective facilitating a large number of business groups and IT organizations to create gen-next digital applications and perform real-time analytics in the SAP HANA for gaining efficient business results.
Intellipaat’s SAP HANA finance tutorial is a complete learning package that lists its top features and help you know better about SAP HANA processes and performance. The best of all- each and every topic is comprehensively illustrated using real-world and day-to-day business operation examples. You can even take quick and appropriate business decisions by implementing the techniques of SAP HANA in your database and business warehousing projects, ensuring overall growth of your organization.

SAP HANA Finance Tutorial Video :

SAP S4 HANA Finance Tutorial – Learn SAP S4 HANA from Expert SAP S4 HANA Finance Tutorial for Beginners Users are now able to reimagine finance with the SAP S/4HANA Finance solution (formerly SAP Simple Finance). This ERP financial software runs on the in-memory platform of SAP HANA, and supports financial planning and accounting, among others. Almost all verticals are familiar with

What is SAP?

SAP is an acronym for System Application Products in Data Processing. It is a system that provided users with a soft real-time business application that could be used in multiple currencies and languages. SAP solutions include a number of functional modules, which support transactions to execute key business processes.
SAP is especially well-known for its Enterprise Resource Planning (ERP) and data management programs. It has evolved to replace all company spreadsheets with a single user accounting package within the business management system of the particular firm. SAP is also known for developing Graphical User Interface or GUI.

Recommended Audience :

  • Accounting professionals
  • Business analysts and consultants
  • Business process architects and owners
  • Project managers
  • Business executives.

Prerequisites :

There are no prerequisites for taking this training course. A basic knowledge of financial management and business processes is beneficial.

Frequently Asked Questions

What is the SAP FICO?

SAP FICO is a core functional component in SAP ERP that allows organizations to manage financial data. This SAP module helps companies to generate and manage financial statements for analysis and reporting and help with effective business planning and decision-making. SAP FICO consists of two modules, SAP Finance (FI) and SAP Controlling (CO).

How does SAP FICO work?

The integration of SAP FI and SAP CO modules came as a boon to numerous organizations. This integration helps business organizations maintain and generate financial statements for effective decision making and reporting. The integration of SAP FICO with other modules not only enables users to automatically update transactions to other SAP modules but also streamlines the functionality of numerous SAP modules including Sales & Distribution, Material Management, Human Resource Management, Production Planning, and SAP CRM among others.

How long does it take to learn SAP FICO?

Learning SAP FICO can be tricky as it involves several financial concepts and a core understanding of the functioning of SAP FI and SAP CO modules. However, with proper SAP FICO training, learners can master SAP FICO within 2 months.

Is SAP FICO a good career?

SAP FICO is one of the most widely used SAP components. Owing to its functionalities, numerous companies rely upon SAP FICO to manage their finances. As an SAP FICO consultant, you can excel in your career as the growth curve of SAP FICO is on a continuous rise.

What does SAP FICO Consultant do?

SAP FICO consultants are mostly responsible for designing, building, and deploying SAP-based ERP applications. They lead analysis in the SAP FI and SAP CO modules and work closely with finance teams of clients for stabilizing the finance of the respective organization.

How do I become an SAP FICO Consultant?

To become an SAP FICO consultant, take relevant SAP FICO training at an authorized training center. Next, complete the training and appear the certification exam to validate your skills in SAP FICO. If you have domain experience in SAP for 3 to 5 years, apply in top companies as a consultant. After hiring you, they will train you on SAP FICO. And henceforth, you can work as an SAP FICO consultant.

Who can do SAP FICO?

Any graduate can pursue SAP FICO. Being an independent IT domain, SAP intakes any individual who exhibits the right skill set. With proper SAP FICO training, graduates can land up at high paying jobs in top MNCs.

What are the topics in SAP FICO?

SAP FICO is basically the close integration of SAP FI and SAP CO modules. The topics that are included in SAP FICO are:

 

  • SAP FI
    • Accounts Receivable
    • Accounts Payable
    • Asset Accounting
    • Bank Accounting
    • General Ledger Accounting
  • SAP CO
    • Cost Element Accounting
    • Cost Center Accounting
    • Activity-Based Accounting
    • Internal Orders
    • Product Cost Controlling
    • Profitability Analysis
    • Profit Center Accounting

Table of Content

SAP HANA Introduction

Why SAP HANA?: Generally SAP applications data is stored at a database level and the corresponding calculations are performed. The appropriate results are displayed at the application layer. The major part of the query processing time involves aggregations. The best application performance are provided by SAP HANA by forwarding the execution into the database. The corresponding data is stored in Read More

Architecture of S/4 HANA Finance

S/4 HANA Finance Architecture: SAP Simple Finance Powered by SAP HANA helps to cut cost and time to manage finance and accounting processes. In the earlier version of SAP Finance Accounting tool, most of the components were separately managed due to various technical restrictions without the presence of HANA platform. SAP HANA Finance Tutorial Video : [videothumb class="col-md-12" id="mJfC4AJ1ptw" alt="SAP Read More

Migrating to S/4 HANA Finance

Migration to S/4 HANA Finance :: SAP’s three transition scenarios for SAP S/4 HANA are - New implementation System conversion Landscape transformation Watch this SAP Fico Video [videothumb class="col-md-12" id="IQ7jE1MJW6w" alt="SAP Fico" title="SAP Fico"] Situation 1: New Implementation This is another usage of SAP S/4HANA (green field): clients who are moving from a non-SAP legacy framework or from a SAP ERP Read More

General Ledger Accounting

What is General Ledger Accounting?: G/L account master records is a function of the account. G/L account master records control transactions and account posting. General Ledger Accounts (GL) in SAP are partitioned into two sections - Outline of Account Section Organization Codes Section. GL is made at first for Chart of Account area and further extension is done to various Read More

Customizing S/4 HANA Finance

Configuring general ledger accounting :: Before you can begin working with the elements of General Ledger Accounting, you have to make the general settings for Accounting. You additionally need to arrange the records you use in General Ledger Accounting. Expanding on this information, you set up the combination with Controlling (CO) and, where appropriate, your parallel bookkeeping. Process Flow Make Read More

Management accounting and organizational structure

Management accounting in S/4 HANA Finance :: Management accounting has two different modules known as - Controlling Enterprise Controlling modules. Financial Accounting majorly deals with G/L Account Master like Chart of Account, Company Code etc.. whereas the Management Accounting consists of Cost Elements under Controlling Area. Watch this Management Accounting video [videothumb class="col-md-12" id="MWBprANWCxc" alt="What is Management Accounting" title="What is Read More

Integrating business processes

Overview of integrated business process :: SAP Integrated Business Planning is a cutting edge planning application, controlled by SAP HANA that which enables organizations to draw partners over the association in an integrated planning process that adjusts their business to most profitability to take care of future demand. IBP is a cycle of planning activities and reviews that enables businesses Read More

SAP S4 HANA Finance Cheat Sheet

SAP S/4 HANA Finance User Handbook: Are you looking for a powerful SAP application to manage your business? If yes, then you must take SAP HANA finance into your consideration. This SAP HANA finance cheat sheet is designed for the one who has already started learning about the customization and development using SAP HANA finance, then this sheet will be Read More

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