SAP S4 HANA Management Accounting is known as SAP Advanced Controlling, which follows the complete procedure of Management Accounting for an organization.
AP S4 HANA Management Accounting is known as SAP Advanced Controlling, which follows the complete procedure of Management Accounting for an organization. This is based on the HANA platform, which chips away at cloud technology. Advanced Controlling incorporates the migration of financial processes to HANA alongside all updates in the engineering of Management Accounting.
Product Costing is the most important substance of SAP S4 HANA Management Accounting, which is utilized to compute the cost of production of the organization. Like this, another significant subject is profitability analysis which is utilized to analyse the internal cost and profitability of the organization. Advanced SAP Controlling integrates and can modify business processes such as Purchase to pay, order to cash and production cycle.
SAP CO is the support system to the Organization’s Management for decision making in terms of planning, monitoring, or reporting of the business processes. It aids in coordination, observing, and advancement of the business processes of the organization. SAP Controlling keeps and records all the data with respect to product consumption and services delivered by the organization.
The major sub-modules of SAP Controlling are
Advanced Controlling (SAP S4HANA Management Accounting)
SAP Advanced Controlling contains total design of Management accounting. It is a full bundle of all features identified with management accounting on the HANA platform. It incorporates organizational structures and master data in overhead cost control. At the point when the data, which is pertinent to costs, stream from Financial Accounting to Controlling. The system assigns the costs and revenues to various CO account assignment objects. For example, cost focuses, business procedures, activities or requests. All these assume a crucial role in the functioning of S4 HANA Management Accounting.
SAP CO or SAP Controlling work on the ECC Model, on which SAP has upgraded and launched this module on the HANA platform and names SAP S/4HANA Management Accounting. An application which is as valuable and important as SAP S4 HANA Financial Accounting (commonly called as SAP Simple Finance). We may consider SAP S/4HANA
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