Product costing (CO-PC) within SAP S/4HANA Finance highlights the integrated nature of the SAP ERP environment by bringing together information from many different application areas including sales, production, finance, and controlling. This overall process is still true in SAP S/4HANA. The process is more comprehensive with the technical advances now available with the Universal Journal, which contains logistical information and material ledger data to enable simpler and faster reporting.
Using a make-to-stock (MTS) and make-to-order (MTO) manufacturing scenario as an example, discover how each step in a manufacturing process is reflected in the Universal Journal, for each G/L account and controlling object. Learn how the month-end process facilitates the reconciliation between financial and management accounting, to ensure compliance with legal requirements for inventory valuation. Leave this session with a good understanding of the changes in CO-PC with SAP S/4HANA Finance.
The session will cover:
Understand the overall process flow, which is a critical prerequisite for the use of the material ledger.
Birgit Starmanns is the Global Head of oCFO COE Thought Leadership Strategy and Programs in the Global Center of Excellence for Finance and Risk. She has over 30 years of experience across the Global COE, solution marketing, solution management, strategic customer communities and management consulting. Birgit is the author of articles for Financials Expert, Accelerated Financial Closing with SAP, SAP Labs guidebook Product Costing Scenarios Made Easy, and a presenter at SAP events.