Last updated 11/2021
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 3.49 GB | Duration: 8h 0m
Parallel Financial Reporting in Controlling: COGM and Inventory with Different Accounting Principles in "S/4 HANA 2020"
What you'll learn
SAP CO: Material Ledger : CKMLCP and CKMLCPAVR ( Alternative valuation Run)
Configuration for periodic Material Ledger: CKMLCP and Alternative valuation Run: CKMLCPAVR
Testing with Material Ledger: CKMLCP and Alternative valuation Run: CKMLCPAVR
Explain difference between CKMLCP and CKMLCPAVR
CKM3 Explanation after CKMLCP & CKMLCP
Requirements
SAP FI and CO module are required and also basics of "Product Costing & Material ledger"
Description
SAP CO Material Ledger: CKMLCP and CKMLCPAVR in "S/4 HANA"Parallel Financial Reporting in Controlling: COGM and Inventory with Different Accounting Principles in "S/4 HANA 2020"If customers want to have Inventory , COGM and COGS based on different accounting principles, say IFRS and Local GAAP.It is possible to have parallel COGM at actual cost by running both CKMLCP and CKMLCPAVR.IFRS-------------->CKMLCPLOCAL GAAP----> CKMLCPAVRDepreciation is the main key component of the our cost component structure-OKTZ. So As the IFRS and Local GAAP accounting principles depreciation calculation are vary.If the depreciation calculation varies then automatically actual COGM also should vary and then finally Closing Inventory also varies from IFRS and Local GAAP point of view.Example of this is in the Material Ledger, where inventory is depreciated using the local depreciation method. Previously, there was no way to use a parallel valuation and depreciate using a different depreciation method such as for IFRSActual costing (ML) is used for both the international valuation according to IFRS, and the local and additional accounting principles. At the end of the period, periodic costing run can be executed.IFRS point of view: To calculate COGM using the prices in the leading version a periodic costing run needs to be performed. Local GAAP point of view: To calculate COGM using the prices in the Non leading version a periodic costing run needs to be performed. For this we need to be executed CKMLCPAVR additional versions in their settings by specifying an Local GAAP accounting principle.In this course, I explained how accounting principles are linked to ledgers(Leading and Non-Leading), then linked with depreciation areas. Those depreciation areas to Cost center accounting in the Parallel COGM configuration and with live test results..
Overview
Section 1: Introduction
Lecture 1 Introduction
Section 2: Basic Configuration Setting of FI,MM,SD,PP modules
Lecture 2 Enterprise Structure
Lecture 3 Financial Accounting Settings
Lecture 4 Material Management Settings
Lecture 5 Sales & Distribution settings
Lecture 6 Production Planning Settings
Lecture 7 Controlling Area Settings
Lecture 8 GL accounts creation-FI-MM (OBYC) and FI-SD (VKOA)
Section 3: Product Costing Configuration
Lecture 9 Product Costing Configuration
Section 4: Legal and Group Valuation AND Parallel Valuation for COGM Configuration settings
Lecture 10 Group Valuation Configuration settings
Lecture 11 Parallel Valuation for COGM Configuration settings
Section 5: Material Ledger Configuration
Lecture 12 Material Ledger Configuration
Section 6: Asset Accounting Configuration
Lecture 13 Asset Accounting Configuration
Section 7: Parallel Financial Reporting in Controlling (Cost of Goods Manufactured)-Config
Lecture 14 Parallel COGM configuration-Configuration
Section 8: Activation of Multiple valuation and Material ledger-Production Startup
Lecture 15 Activation of Multiple valuation and Material ledger-Production Startup
Section 9: Activity types, Splitting structure and Business partner creation
Lecture 16 Activity types, Splitting structure and Business partner creation
Section 10: Test Case: MM, Production, SD and Asset Depreciation run.. with COPC month end.
Lecture 17 Master data(Profit center, Cost center), KP06, KP26, KSS4 and KSPI calculation
Lecture 18 MM (Raw material Procurement Cycle)
Lecture 19 FG Material ,BOM, Work Center, Routing, Standard Cost creation and release.
Lecture 20 Production Cycle: Production Order creation and Activity Confirm
Lecture 21 Sales and Distribution Cycle
Lecture 22 Asset Master, Asset Purchase and then Asset Depreciation Run AND Check results
Lecture 23 Product Costing month end closing -Month end closing
Section 11: CKMLCP and CKMLCPAVR Execution AND CKM3 Explanation
Lecture 24 CKMLCP and CKMLCPAVR Execution AND CKM3 Explanation
CPA , CMA , ACCA , CA , MBA , M Com, B Com students and Professionals, SAP FICO Consultants and End Users.
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