Bookstore

Your course is set and the light is green. Enable your business to navigate the hairpin turns of the financial close process with this end-to-end overview. Guided by practical workflow scenarios and customer examples, learn how to maximize the potential of SAP's financial close solutions. From start to finish, manage data integrity issues, optimize your financial close processes, and handle system integration. Close your books in record time with this one-stop resource for all your financial closing needs!

1. Streamlined Financial Close Workflow
Align your business workflows to support a streamlined financial close process.

2. A Financial Close Action Plan
Learn how to build a business case, create a clear action plan for your financial close process, and avoid the common barriers.

3. Reporting
Proactively address disclosure management and weather regulatory change with finesse and flexibility.

4. Real-Time Visibility
Visualize your financial close success and identify issues with real time analysis and the Financial Closing Cockpit.

5. Practical Case Studies and Examples
Learn how industry peers have improved their financial close processes and reduced risk.

Highlights include:

General Ledger close
Controlling close
Inventory management
Entity close management
Intercompany reconciliation
Information management
Process governance
Financial consolidation
Disclosure management
Financial reporting

Galileo Press heißt jetzt Rheinwerk Verlag.

Accelerated Financial Closing with SAP: Explore the entire financial close process from financial accounting to entity and corporate closing. Maximize the potential of SAP Financial Solutions like FI,

Foreword ... 15

Preface ... 19

Acknowledgments ... 23

1. Introduction to the Financial Close ... 25

1.1 ... The Business Case for a Fast High-Quality Close ... 26

1.2 ... Components of the Financial Close ... 32

1.3 ... How Fast Is Fast? ... 33

1.4 ... Barriers to a Fast, High-Quality Close Process ... 36

1.5 ... Summary ... 40

2. Creating an Action Plan for Improving Your Financial Close ... 41

2.1 ... Vision, Benchmarking, and Sponsorship ... 42

2.2 ... Quick Wins ... 48

2.3 ... Big Wins ... 54

2.4 ... Continuous Improvements ... 57

2.5 ... Summary ... 59

3. Information Management ... 61

3.1 ... Defining Data and Information ... 63

3.2 ... Master Data Management ... 64

3.3 ... Transactional Data Management ... 67

3.4 ... Summary ... 75

4. The General Ledger and Subledger Close ... 77

4.1 ... SAP ERP Financials Concepts ... 77

4.2 ... The General Ledger Close ... 83

4.3 ... The Accounts Payable and Accounts Receivable Close ... 88

4.4 ... Asset Accounting Close ... 91

4.5 ... Inventory Management ... 94

4.6 ... Reporting ... 100

4.7 ... Summary ... 102

5. The Financial Close in Controlling ... 103

5.1 ... Cost Element Accounting ... 105

5.2 ... Cost Centers ... 110

5.3 ... Internal Orders ... 115

5.4 ... Project Systems ... 116

5.5 ... Product Costing ... 119

5.6 ... Profitability Analysis ... 124

5.7 ... Profit Centers ... 127

5.8 ... Year-End Closing ... 128

5.9 ... Reconciliation Between the FI and CO Modules ... 129

5.10 ... Summary ... 129

6. Entity Close Management ... 131

6.1 ... Plan and Prepare the Entity Close ... 132

6.2 ... Execute the Entity Close ... 134

6.3 ... Customer Story: Dow Chemicals' Faster, Less Costly Financial Close Process with SAP Solutions ... 136

6.4 ... Monitor the Entity Close ... 137

6.5 ... Summary ... 139

7. Enhanced Internal Controls for Better Compliance ... 141

7.1 ... Access Risk Management ... 144

7.2 ... Identifying Controls across a Business Process ... 148

7.3 ... Audit Management ... 151

7.4 ... GRC Analytics ... 153

7.5 ... Summary ... 156

8. Intercompany Reconciliation ... 157

8.1 ... Defining Intercompany Reconciliation ... 157

8.2 ... SAP Solutions for Intercompany Reconciliation ... 158

8.3 ... Managing the Intercompany Process ... 161

8.4 ... Faster, Collaborative Intercompany Reconciliation with SAP Intercompany ... 163

8.5 ... SAP Intercompany Deployment Options ... 165

8.6 ... Security and Configuration ... 167

8.7 ... Summary ... 168

9. Financial Consolidation ... 169

9.1 ... Data Collection ... 171

9.2 ... Processing Data ... 183

9.3 ... Differentiation between Consolidation Solutions ... 196

9.4 ... Starter Kits ... 204

9.5 ... Summary ... 210

10. Disclosure Management and XBRL Filings ... 213

10.1 ... Collect Information from Source Systems ... 217

10.2 ... Manage Financial Statements and Reports ... 224

10.3 ... Collaboration and Workflow ... 228

10.4 ... Publish Disclosure Statements and Reports ... 234

10.5 ... Create and File XBRL Statements ... 236

10.6 ... Summary ... 243

11. Financial Reporting ... 245

11.1 ... Reporting Requirements ... 245

11.2 ... Reporting Delivery Methods ... 254

11.3 ... Summary ... 258

12. The Future of Finance and Its Impact on the Financial Close ... 259

12.1 ... Economic Environment and the Role of Finance ... 259

12.2 ... Financial Operations ... 262

12.3 ... Managing Stakeholder Expectations ... 265

12.4 ... Ensuring Regulatory Compliance ... 271

12.5 ... Summary ... 275

13. Conclusion ... 277

Appendices ... 281

A ... Glossary ... 283

B ... References ... 287

C ... The Authors ... 289

Index ... 291