FICO (15)

Forex Processing in SAP RAR

One of the prominent features introduced as part of SAP Revenue Accounting and Recognition (SAP RAR), version 1.3 is to handle the foreign currency...

SAP S/4HANA Finance Innovations (Part 3): The Universal Journal

In SAP S/4HANA, the Universal Journal provides the basis for what is essentially an enterprise-wide pivot table. Let’s take a high-level look at why...

SAP Controlling: Assigning and Checking Cost Component Structures

In SAP Controlling, a company code determines which cost component structure the standard cost estimate uses, which ensures that the same cost...

Central Finance: What Do You Need for a Successful Implementation?

Central Finance (also known as CFin) allows businesses to integrate their financial platforms into SAP S/4HANA at a gradual transition, instead of...

SAP S/4HANA Finance Innovations: Consolidation with Group Reporting

The classic model of financial consolidation can’t help organizations if their business demands much faster access to group-wide decision-support...

Investment Program Budgeting with SAP CO

Once an investment program has been planned and approved, the next task is the creation of the budget in SAP CO. The figure below shows the budgeting...

SAP S/4HANA Finance Innovations: Creating Journal Entries for Predictive Accounting

There are a number of revolutionary SAP S/4HANA Finance innovations that you should be aware about, such as predictive accounting.

An Overview of Internal Reconciliation in SAP Business One

SAP Business One’s Internal Reconciliation function allows you to match transactions posted to business partner accounts.

A Beginner’s Guide to SAP FI Enterprise Structures

SAP FI enterprise structures are the bedrock of the financial solution; without them, you couldn’t integrate and configure your program.

Profitability Analysis with SAP S/4HANA Finance

Profitability analysis with SAP S/4HANA Finance is an extremely important area for FICO users of the new suite.