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SAP Experts and SAPinsider has assembled eight popular pieces on how the requirements of new digital economy impact SAP finance professionals.
Ajay Maheshwari and Kavita Agarwal explain the steps to set up the new Asset Accounting (FI-AA) functionality for parallel reporting where you follow different fiscal year variants between leading and non-leading ledgers in SAP S/4HANA Finance.
Sanjay Wagh shows you how to use SAP system functionality to set up inventory valuation using a First In First Out (FIFO) method.
Learn what preparatory settings are required in an SAP system to make the necessary adjustments in SAP’s Asset Accounting (FI-AA) component to ensure compliance with International Financial Reporting Standards (IFRS). See how parallel reporting can help you ensure IFRS compliance.
When a financial statement (e.g., balance sheet) is being prepared according to International Financial Reporting Standards (IFRS), the outstanding receivables should be fair valued. This means that the reported amount should reflect the expected amount to be received. Learn about a functionality SAP developed that allows you to make a fair value adjustment in your system so that your financial statements will be correct.
Review some accounting standard changes, including changes to foreign exchange rates, inventory, and benefits, and see how the SAP ERP system can address them.
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Peter Jones is a BI solution architect at MI6 Solutions. He is currently involved in projects incorporating SAP NetWeaver BW 7.3 and BPC 10.0 and EPM Excel Add-In 10.0.
Paul Ovigele is the founder of ERP-fixers. He has worked as an ERP financials con-sultant since 1997.
Kees van Westerop has been working as an SAP consultant for 20 years. He has an MBA degree in mathematics and a degree in finance.
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