1. RTR-Finance Processes

Record to Report (RTR) covers the business process related to Finance. The various areas (not-full list)

  • Financial Accounting
  • Management Accounting
  • Treasury
  • Taxation

SAP S/4HANA Finance covers following capabilities  :

  • Financial Planning and Analysis
  • Accounting and Financial Close
  • Treasury and Financial Risk Management
  • Enterprise Risk and Compliance Management
  • Collaborative Finance Operations
  • Receivables Management

RTR – Finance processess can be categorised into following process-groups

  • General Ledger Accounting
    • Create / POST / PARK Journal Entries
    • Analyze Account-Transactions
    • Automatic & Manual Clearing
    • GL Reporting
  • Management Accounting
    • Actual posting for Cost-center
    • Periodic & Year-End Activities – PERIODIC
  • Intercompany Accounting
    • Product & Non-Product Intercompany Billing
    • InterCompany Settlement – PERIODIC
    • Transfer-Price
  • Product Costing
    • Process
      • Costing RUN – Prepare, Test-RUN, Approve,  Execute-RUN,  Release
    • Product-Costing Dimensions
  • Production Order &- FICO Integration
    • Production Order – Discrete Manufacturing
      • Master Data : BOM, Routing,  Assignment of Activity, Cost-Center & WorkCenter
      • Create Production-Order
        • Plan-Price Computation
      • Release Production-Order
      • One-step / Three  Step
        • Confirm Order
        • MIGO GI
        • MIGO GR
      • Technical-Completion of Production Order – TECO
    • Controlling – PERIODIC Activities
      • Close Production-Order
  • Inventory Management & Reporting
    • Goods Receipt, Goods Issue
    • Reservation
    • Inventory-Valuation – PERIODIC
    • Cycle-count – PERIODIC
  • Period End Closing
    • Period/Month End closing
      • Production-Order Settlement
        • Prerequisit – Actual-Activity Price calculation (KSII)
        • Overhead Calcualtion
        • WIP
        • Variance Calculation
        • Order Settlement
    • Year-End Closing
  • Fixed Assets
    • FA Acquisition
    • Depriciation – PERIODIC
    • FA Disposition
    • FA Reporting
  • Project-Accounting
    • From Internal-Order to LEAN Project-Management
    • Create Project & WBS-Element, Release Project & WBS-Element
    • Budget Project, Release & Approve BUDGET
    • Collect Cost on WBS
    • Auto/Manual Settlement-RULE
    • Settle WBS to Resp. Cost-centers  {PERIODIC}
    • REPORITING
  • Treasury & Cash Management
    • Import and process BANK-Statement
    • Perform FINAL Posting
    • Reporting
    • CASH Positioning
    • Investment and Financial Decisions
  • Corporate TAX
    • US – Sales TAX
    • US – USE TAX
    • EUROPE – VAT
    • EUROPE Popular Software – Vertex
    • India – GST
  • Finance Function Internal Controls
    • Establish, Implement, Monitor, Report