S/4HANA Hands-On: Basic Finance Scenarios Lab Training Course

S/4HANA Hands-On: Basic Finance Scenarios Lab Training Course

Introduction

SAP S/4HANA is transforming the finance landscape by offering real-time financial processing and comprehensive integration with various business processes. S/4HANA Hands-On: Basic Finance Scenarios Lab Training Course is designed to provide professionals with practical, hands-on experience in working with SAP S/4HANA Finance solutions. This course delves into financial accounting (FI), management accounting (CO), and other essential financial processes, making it ideal for individuals looking to boost their expertise in financial data analysis, accounting operations, and real-time reporting. With the power of SAP S/4HANA’s advanced analytics, users can transform their financial reporting, leveraging predictive analytics, and enhancing decision-making capabilities.

Throughout this course, participants will immerse themselves in real-world finance scenarios, simulating key financial transactions and business processes within SAP S/4HANA. The course covers core financial accounting principles, reporting capabilities, and the integration of financial modules within S/4HANA. By the end of this program, learners will not only understand how to perform routine financial tasks, but also gain the ability to optimize financial workflows and adapt to the latest innovations in finance technology. Through interactive simulations and hands-on exercises, this training aims to bridge the gap between theoretical knowledge and practical application in the rapidly evolving world of finance.

Course Duration

10 days

Course Objectives

1. Gain hands-on experience with SAP S/4HANA Finance for real-time financial transactions.
2. Understand the integration of financial accounting (FI) and management accounting (CO) modules in SAP S/4HANA.
3. Learn how to configure basic finance scenarios in SAP S/4HANA for real-time financial processing.
4. Explore the end-to-end flow of financial transactions within S/4HANA, including accounts payable and accounts receivable.
5. Implement financial reports using SAP Fiori apps and other advanced reporting tools in S/4HANA.
6. Learn to leverage predictive analytics to improve financial decision-making.
7. Improve skills in real-time financial reporting for more efficient management of financial data.
8. Master bank accounting functionalities, including bank statement processing and cash management.
9. Understand journal entries, accounting document creation, and posting transactions in SAP S/4HANA.
10. Learn about taxation processes and compliance within SAP S/4HANA Finance.
11. Implement internal controls for financial transactions and safeguard financial data integrity.
12. Understand closing procedures in SAP S/4HANA for monthly, quarterly, and yearly periods.
13. Gain proficiency in S/4HANA Finance integration with other SAP modules, including material management (MM) and sales and distribution (SD).

Target Audience

1. Finance Professionals.
2. SAP Consultants.
3. IT Specialists.
4. Financial Analysts.
5. Business Analysts.
6. Accountants.
7. SAP S/4HANA Administrators.
8. Project Managers managing SAP S/4HANA finance implementations.

Course Modules

Module 1: Introduction to SAP S/4HANA Finance

• Overview of SAP S/4HANA and its impact on financial operations.
• Introduction to SAP Fiori for intuitive financial reporting.
• Understanding real-time financial processing in S/4HANA.
• Role of HANA in financial data management.
• Case Study: Migrating from SAP ECC to S/4HANA Finance.

Module 2: Financial Accounting (FI) Overview

• Key concepts in financial accounting within S/4HANA.
• Setting up general ledger accounts and accounting documents.
• Integration with asset management and accounts payable/receivable.
• Handling journal entries and posting transactions.
• Case Study: Automating accounts payable processes in SAP.

Module 3: Managing Organizational Structures

• Defining company codes, cost centers, and profit centers.
• Creating chart of accounts and posting periods.
• Managing financial reporting structures.
• Organizational mapping for global financial operations.
• Case Study: Setting up multiple company codes in S/4HANA.

Module 4: Financial Close and Period End Processes

• Closing procedures for monthly and annual financial reporting.
• Automating the financial close process in S/4HANA.
• Performing reconciliation and closing entries.
• Managing tax reporting and compliance.
• Case Study: Optimizing the year-end close process in SAP S/4HANA.

Module 5: Accounts Payable and Receivable

• Configuration of vendor and customer accounts.
• Managing invoice processing and payments.
• Dunning and credit management in SAP.
• Integration with bank accounting.
• Case Study: Automating the accounts receivable process in SAP.

Module 6: Bank Accounting and Cash Management

• Configuring bank master data and bank accounts.
• Processing incoming and outgoing payments.
• Setting up electronic bank statements.
• Managing cash flow and liquidity in SAP.
• Case Study: Implementing cash management in SAP S/4HANA.

Module 7: Taxation and Compliance

• Tax codes, tax jurisdictions, and tax calculations in S/4HANA.
• Managing VAT reporting and tax returns.
• Audit trails and compliance reporting.
• Case Study: Handling global tax requirements in SAP.

Module 8: Reporting and Analytics in SAP

• Utilizing Fiori apps for financial reporting.
• Building custom financial reports using SAP Analytics Cloud.
• Predictive analytics for financial forecasting.
• Case Study: Enhancing financial reporting capabilities for CFOs.

Module 9: Integration with Other SAP Modules

• Understanding cross-functional integration with SAP MM and SD.
• Data flow management between financial accounting and other SAP modules.
• Real-time integration for improved business processes.
• Case Study: Integration of procurement processes with SAP Finance.

Module 10: Cost Center and Profit Center Accounting

• Defining and configuring cost centers and profit centers.
• Internal allocation methods for financial data.
• Managing cost allocation and internal orders.
• Case Study: Optimizing profit center accounting in SAP.

Module 11: Fixed Assets Management

• Asset master data setup and management.
• Depreciation calculation and management in SAP.
• Asset transfers and retirement processes.
• Case Study: Streamlining asset accounting in SAP S/4HANA.

Module 12: Financial Data Migration to SAP S/4HANA

• Planning and executing data migration strategies.
• Data cleansing and data mapping for S/4HANA.
• Tools for financial data migration and validation.
• Case Study: Migrating financial data from legacy systems.

Module 13: Internal Controls and Security

• Setting up user roles and authorization controls.
• Ensuring data integrity through audit trails.
• Segregation of duties and financial controls.
• Case Study: Enhancing internal controls with SAP GRC.

Module 14: SAP Fiori Apps for Finance

• Configuring SAP Fiori apps for financial tasks.
• Role of Fiori apps in streamlining financial workflows.
• Customizing Fiori apps for user-specific needs.
• Case Study: Using Fiori for real-time financial reporting.

Module 15: S/4HANA Finance Project Best Practices

• Managing S/4HANA finance implementation projects.
• Best practices for project governance and execution.
• Post-implementation support and continuous improvement.
• Case Study: Implementing SAP S/4HANA Finance in a multi-national organization.

Training Methodology

This course employs a participatory and hands-on approach to ensure practical learning, including:

• Interactive lectures and presentations.
• Group discussions and brainstorming sessions.
• Hands-on exercises using real-world datasets.
• Role-playing and scenario-based simulations.
• Analysis of case studies to bridge theory and practice.
• Peer-to-peer learning and networking.
• Expert-led Q&A sessions.
• Continuous feedback and personalized guidance.

Register as a group from 3 participants for a Discount

Send us an email: info@datastatresearch.org or call +254724527104 

Certification

Upon successful completion of this training, participants will be issued with a globally- recognized certificate.

Tailor-Made Course

 We also offer tailor-made courses based on your needs.

Key Notes

a. The participant must be conversant with English.

b. Upon completion of training the participant will be issued with an Authorized Training Certificate

c. Course duration is flexible and the contents can be modified to fit any number of days.

d. The course fee includes facilitation training materials, 2 coffee breaks, buffet lunch and A Certificate upon successful completion of Training.

e. One-year post-training support Consultation and Coaching provided after the course.

f. Payment should be done at least a week before commence of the training, to DATASTAT CONSULTANCY LTD account, as indicated in the invoice so as to enable us prepare better for you.