As a SAP consultant who has recently completed a S/4 HANA green field implementation project, just thought of sharing the new features (differences and improvements) which were identified in each sub module area, in S/4 HANA Finance module with compared to ECC.
Hope this will be helpful for the other consultants who are plaining to go ahead with the new SAP S/4 HANA implementation.
Finance General
- Totals and application index tables were removed ( exist as views) and theses are replaced by the Universal journal ACDOCA table.
In S/4 HANA – ACDOCA table
This is a compatible table which provides all CO,AA, and other cost object information in one table.
- Certain transaction codes and programs in the application areas, have been replaced with newer transactions, programs, or WebDynpro applications.
Eg: FAGL_FC_VAL – Foreign currency valuation has replaced by FAGL_FCV
In ECC
In S/4 HANA
Refer to SAP Note 1946054 for more details.
FI- GL
- If migrate from ECC to S/4 HANA, can migrate Ledgers of New General Ledger of the Business Suite or the Classic General Ledger GL to the Universal Journal in S/4HANA. But the number of Ledgers and the configuration of its currency will stay; it is not possible to introduce new ledgers or new currencies during the migration to S/4 HANA.
If Classic General Ledger was used, the ledger ’00’ is migrated to the new leading ledger ‘0L’ of the universal journal.
2. SAP controlling (CO) is now part of the universal journal. It creates only one document in FI. During FI posting document carries both FI and CO information with single source of truth.
Eg: Following shows the MM- MIGO financial document.
In ECC
In S/4 HANA ( In S/4 HANA material ledger activation is a mandatory requirement, therefore material ledger document get generate for each material related transaction. )
3. There is no longer a need for CO Realtime integration for transfer of secondary CO postings to New GL or the Reconciliation Ledger of Classic GL.
In ECC
In S/4 HANA
- Currencies
Financial Accounting (New ) à Financial Accounting Global Settings (New) à Ledgers à Ledger àDefine Settings for Ledgers and Currency Types.
In ECC
CO currency setting in ECC
In S/4 HANA
In ledger can have 8 freely defined additional currencies (total 10)
5. Other than parallel ledger can have appendix ledgers. Appendix ledger for delta postings.
6.An additional column appears in Transaction OB52 (opening and closing periods) for postings from Controlling to Finance, (although you still need OKP1 at Controlling Area level).
In S/4 HANA
FI- AP
- FK01 is now not in used. Now need to create vendor using BP ( Business Partner ) creation role.
In ECC – FK01
In S/4 HANA – BP
FI-AR
- Credit Management now with FSCM , Other than creating the credit controlling area, need to define credit segments and assign it to BP role.
In ECC – FD32
In S/4 HANA
Configuration : FSCM à Credit Management à Master Data à Create Credit Segments
Transaction : BP – Role UKM000. Define Credit limit information.
FI-AA
- Actual data of ANEK, ANEP, ANEA, ANLP, ANLC is now stored in table ACDOCA. ANEK data is stored in BKPF.
2. Execute mandatory application configuration steps related to Asset Accounting. IMG -> Asset Accounting New à Migration: Asset Accounting New à Adjust parameters of chart of depreciation
Once configured the chart of depreciation, Adjustment of parameter of the chart of depreciation need to be executed.
3. Asset Accounting Parallel Valuation
Important part of new Asset accounting is parallel valuation in multicurrency environment.
The leading valuation can be recorded in any depreciation area. The system now posts both the actual values of the leading valuation and the values of parallel valuation in real time.
New Asset Accounting makes it possible to post in real time in all valuations (that is, for all accounting principles).
In ECC
In S/4 HANA
4. Define Technical Clearing Account for Integrated Asset acquisition
For an integrated asset acquisition posting, the system divides the business transaction into an operational part and a valuating part. To split the business process in an operational and a valuating document parts there need to be established the “technical clearing account” for integrated asset acquisition.
Operational Entry
For the operational part (vendor invoice), the system posts a document valid for all accounting principles against the technical clearing account for integrated asset acquisitions. (ledger-group-independent document)
Dr Technical clearing
CR Vendor
Valued Entry
For each valuating part (asset posting with capitalization of the asset), the system generates a separate document that is valid only for the given accounting principle. This document is also posted against the technical clearing account for integrated asset acquisitions.
( ledger-group-specific documents for each accounting principle )
DR Asset
CR Technical clearing
In S/4 HANA
Asset acquisition posting
5. Simplified depreciation run (AFAB )
Accounting principle specific posting is possible using new depreciation run.
In ECC
In S/4 HANA
Settlement rules can also be ledger specific if required
6. Statistical postings– instead of statistical cost elements with cost category 90 there is now a special field in the GL account master record is there only in fixed asset and material reconciliation accounts to record this in controlling area. ( Record account assignment. )
In ECC
In S/4 HANA
7. Asset cut over migration:
In S/4 HANA, Asset transaction data is posted through ABLDT, it updates Assets Accounting and General Ledger Accounting at the same time; due to this, no reconciliation issues occur.
In S/4 HANA
Step 1: Upload only Master Data using the transaction code AS91.
Step 2 : Upload Asset Historical Values, Accumulated Depreciation and Depreciation for the year using the transaction code ABLDT. In doing this universal journal entry is posting to the fixed asset.
Step 3: Upload current year acquisitions using the transaction code AB01.
BAPI : BAPI_FIXEDASSET_OVRTAKE_CREATE, can be used for data upload.
In ECC
In ECC transaction data was getting posted separately in Assets Accounting through :
a. AS91
b. General Ledger Accounting through OASV/FB01.
8. Planned depreciation values will get updated in real time as on when there is a change in the asset master data. No need of executing plan depreciation separately.
9. There is no separate balance carry forward needed in asset accounting, the general ledger balance carry forward transaction FAGLGVTR transfers asset accounting balances.
The program Fixed Assets-Fiscal Year Change transaction AJRW is no longer has to be performed at fiscal year change.
In ECC
In S/4 HANA
FI- BL
- Fiori App use for Bank configuration
The following transaction codes are replaced by the new Fiori app Create House Bank, Manage Banks, which can be accessed from the Fiori Launchpad.
- Create Bank: FI01
- Change Bank: FI02
- Display Bank: FI03
Now can maintain banks hierarchies based on bank business partners , overdraft limits, signatories and approvals flow and additional reporting such as the foreign bank account report.
Bank accounts can download and uploaded through Excel in different SAP clients (Development to Production).
In ECC
FI –> Bank Accounting –> Bank account –> Define House bank
In S/4 HANA
Data Migration Technology
In S/4 HANA for cut over data migration and for other data migrations, SAP has introduced a new functionality. That is LTMC, (web dynpro) SAP S/4 HANA Migration cockpit for data uploads.
The use of LSMW for data load to SAP S/4HANA is not recommended, hence an SAP Migration cockpit can be used for migrations. But still you can use LSMW based on your preference.
It provides predefined Microsoft Excel templates which can be downloaded, filled with data, and uploaded to SAP S/4HANA.
Before starting, web service needs to be activated through the T-code SICF.
Refer SAP Note 2481235 for more details.
User Interface
Fiori Launch Pad with Fiori Apps for most of the standard T-codes.
I wrote this blog post to share my knowledge with you. So, if I have missed anything interesting or important, feel free to add those in the comment box. Hope this will help all the finance and non-finance SAP consultant to get an idea on the new features in S/4 HANA.
Hi, Thanks for nice blog. I have question could we switch non-leading ledger in brownfield approach to new ledger such as IFRS?
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