SAP Business ByDesign – Business Scenario Explorer
Description: SAP Business ByDesign Business Scenario Explorer Financial Closing The information in this presentation is confidential and proprietary to SAP and may not be disclosed without the permission of SAP. Except for your obligation to protect
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slide1. SAP Business ByDesign – Business Scenario Explorer Financial Closing<br>
slide2. The information in this presentation is confidential and proprietary to SAP and may not be disclosed without the permission of SAP. Except for your obligation to protect confidential information, this presentation is not subject to your license agreement or any other service or subscription agreement with SAP. SAP has no obligation to pursue any course of business outlined in this presentation or any related document, or to develop or release any functionality mentioned therein.
This presentation, or any related document and SAP's strategy and possible future developments, products and or platforms directions and functionality are all subject to change and may be changed by SAP at any time for any reason without notice. The information in this presentation is not a commitment, promise or legal obligation to deliver any material, code or functionality. This presentation is provided without a warranty of any kind, either express or implied, including but not limited to, the implied warranties of merchantability, fitness for a particular purpose, or non-infringement. This presentation is for informational purposes and may not be incorporated into a contract. SAP assumes no responsibility for errors or omissions in this presentation, except if such damages were caused by SAP’s intentional or gross negligence.
All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates, and they should not be relied upon in making purchasing decisions. Disclaimer<br>
slide3. SAP Business ByDesign – Financial Closing Scenario Overview Open Legend Scenario Description The Financial Closing business scenario helps you to perform financial period-end closing activities to ensure correct financial statements, such as Balance Sheet, Income Statement, and Cash Flow Statement. Other closing activities are performed in the corresponding areas separately. The system generates a closing activity list according to the company‘s individual scope that can be adapted according to the requirements of month-end or year-end closing.
The accountant prepares closing by ensuring that all operational transactions are entered in the system, such as entering and paying invoices or performing physical inventory counts.
The Closing Cockpit supports the legal requirements and minimizes the risk of missing important steps or incorrect timing.
The accountant performs periodic valuation tasks, such as asset depreciation or foreign currency remeasurement and allocates costs and revenues to the correct periods. This ensures timely and compliant financial reporting and analysis. Accountant Click process chevrons for details Scenario Explorer<br>
slide4. SAP Business ByDesign – Financial Closing Scenario Overview Open Legend Scenario Description The Financial Closing business scenario helps you to perform financial period-end closing activities to ensure correct financial statements, such as Balance Sheet, Income Statement, and Cash Flow Statement. Other closing activities are performed in the corresponding areas separately. The system generates a closing activity list according to the company‘s individual scope that can be adapted according to the requirements of month-end or year-end closing.
The accountant prepares closing by ensuring that all operational transactions are entered in the system, such as entering and paying invoices or performing physical inventory counts.
The Closing Cockpit supports the legal requirements and minimizes the risk of missing important steps or incorrect timing.
The accountant performs periodic valuation tasks, such as asset depreciation or foreign currency remeasurement and allocates costs and revenues to the correct periods. This ensures timely and compliant financial reporting and analysis. Accountant Click process chevrons for details Open Legend Open Legend Open Legend Open Legend Open Legend Process mainly driven by the user
Process mainly driven by the system
Manual process not supported by the system
Process that communicates with third-party software (mouse-over for details)
Process with relevance to Financials
Related scenario
Info button with more information Close Legend Legend Scenario Explorer<br>
slide5. SAP Business ByDesign – Financial Closing Process Details: Financial Closing – Month End Click process chevrons for details Process Description The Month-End Closing business process helps you to perform financial period-end closing activities to ensure correct financial statements, such as Balance Sheet, Income Statement, and Cash Flow Statement.
Period-end closing activities include completing operational transactions and other month-end preparational postings, such as journal entry vouchers.
In the case of partner companies it also includes entering intercompany journal entry vouchers. Further Information Financial Closing - Month-End x Click here to display process variants Scenario Explorer<br>
slide6. SAP Business ByDesign – Financial Closing Process Details: Financial Closing – Month End Click process chevrons for details Process Description The Month-End Closing business process helps you to perform financial period-end closing activities to ensure correct financial statements, such as Balance Sheet, Income Statement, and Cash Flow Statement.
Period-end closing activities include completing operational transactions and other month-end preparational postings, such as journal entry vouchers.
In the case of partner companies it also includes entering intercompany journal entry vouchers. Further Information Financial Closing - Month-End x Click here to hide process variants Scenario Explorer<br>
slide7. SAP Business ByDesign – Financial Closing Business Value Overview For midsize companies who need to meet quickly and efficiently financial filing deadlines and achieve better transparency and compliance, this scenario aligns payables and receivables, tax and inventory accounting, management and general ledger accounting.
You can improve financial and management reporting for regulatory compliance and increase investor confidence.
SAP Business ByDesign helps manage efficiently the end-of-period closing process: From completing operational transactions and their required postings, submitting reports to tax authorities through to the creation of financial statements. Central and standardized closing procedure ensures the integration of each individual statement form
Reconciliation capabilities to proof the consistency across different business areas
Access to an up-to-date, comprehensive overview of the closing status, which promotes transparency
Parallel accounting functionality enables creation of financial statements that comply with appropriate accounting principles
Ability of employees to define closing tasks and their sequence well in advance, thereby supporting compliance and minimizing the risk of missing important steps or getting their timing wrong
Built in analytics enables a drill down to capture changes and adjustments affected by closing activities Key Benefits Scenario Explorer<br>
slide8. Quarter-end closing
Year-end closing
Closing with Consolidation Preparation SAP Business ByDesign – Financial Closing Scenario Flow Variant: With Support Entitlements Work center in which process is performed Process related to Financials Process mainly driven by the user Process mainly driven by the system Work Center Legend & Variants Financial Closing - Month-End Scenario Explorer<br>
slide9. SAP Business ByDesign – Financial Closing Further Information Click process chevrons for details Forum
Get in touch with experts to discuss your specific requirements. To enter the community, click here. More Details SAP provides a complete product documentation, covering all aspects of the business scenario. For more details, click here. Do you need more information? Do you want to discuss with others? Business Scenarios
Take a look at the other business scenarios. For more details, click here. Do you want to explore other business scenarios? Scenario Explorer<br>
slide10. Thank You © 2023 SAP SE or an SAP affiliate company. All rights reserved. See Legal Notice on www.sap.com/legal-notice for use terms, disclaimers, disclosures, or restrictions related to SAP Materials for general audiences.<br>
slide2. The information in this presentation is confidential and proprietary to SAP and may not be disclosed without the permission of SAP. Except for your obligation to protect confidential information, this presentation is not subject to your license agreement or any other service or subscription agreement with SAP. SAP has no obligation to pursue any course of business outlined in this presentation or any related document, or to develop or release any functionality mentioned therein.
This presentation, or any related document and SAP's strategy and possible future developments, products and or platforms directions and functionality are all subject to change and may be changed by SAP at any time for any reason without notice. The information in this presentation is not a commitment, promise or legal obligation to deliver any material, code or functionality. This presentation is provided without a warranty of any kind, either express or implied, including but not limited to, the implied warranties of merchantability, fitness for a particular purpose, or non-infringement. This presentation is for informational purposes and may not be incorporated into a contract. SAP assumes no responsibility for errors or omissions in this presentation, except if such damages were caused by SAP’s intentional or gross negligence.
All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates, and they should not be relied upon in making purchasing decisions. Disclaimer<br>
slide3. SAP Business ByDesign – Financial Closing Scenario Overview Open Legend Scenario Description The Financial Closing business scenario helps you to perform financial period-end closing activities to ensure correct financial statements, such as Balance Sheet, Income Statement, and Cash Flow Statement. Other closing activities are performed in the corresponding areas separately. The system generates a closing activity list according to the company‘s individual scope that can be adapted according to the requirements of month-end or year-end closing.
The accountant prepares closing by ensuring that all operational transactions are entered in the system, such as entering and paying invoices or performing physical inventory counts.
The Closing Cockpit supports the legal requirements and minimizes the risk of missing important steps or incorrect timing.
The accountant performs periodic valuation tasks, such as asset depreciation or foreign currency remeasurement and allocates costs and revenues to the correct periods. This ensures timely and compliant financial reporting and analysis. Accountant Click process chevrons for details Scenario Explorer<br>
slide4. SAP Business ByDesign – Financial Closing Scenario Overview Open Legend Scenario Description The Financial Closing business scenario helps you to perform financial period-end closing activities to ensure correct financial statements, such as Balance Sheet, Income Statement, and Cash Flow Statement. Other closing activities are performed in the corresponding areas separately. The system generates a closing activity list according to the company‘s individual scope that can be adapted according to the requirements of month-end or year-end closing.
The accountant prepares closing by ensuring that all operational transactions are entered in the system, such as entering and paying invoices or performing physical inventory counts.
The Closing Cockpit supports the legal requirements and minimizes the risk of missing important steps or incorrect timing.
The accountant performs periodic valuation tasks, such as asset depreciation or foreign currency remeasurement and allocates costs and revenues to the correct periods. This ensures timely and compliant financial reporting and analysis. Accountant Click process chevrons for details Open Legend Open Legend Open Legend Open Legend Open Legend Process mainly driven by the user
Process mainly driven by the system
Manual process not supported by the system
Process that communicates with third-party software (mouse-over for details)
Process with relevance to Financials
Related scenario
Info button with more information Close Legend Legend Scenario Explorer<br>
slide5. SAP Business ByDesign – Financial Closing Process Details: Financial Closing – Month End Click process chevrons for details Process Description The Month-End Closing business process helps you to perform financial period-end closing activities to ensure correct financial statements, such as Balance Sheet, Income Statement, and Cash Flow Statement.
Period-end closing activities include completing operational transactions and other month-end preparational postings, such as journal entry vouchers.
In the case of partner companies it also includes entering intercompany journal entry vouchers. Further Information Financial Closing - Month-End x Click here to display process variants Scenario Explorer<br>
slide6. SAP Business ByDesign – Financial Closing Process Details: Financial Closing – Month End Click process chevrons for details Process Description The Month-End Closing business process helps you to perform financial period-end closing activities to ensure correct financial statements, such as Balance Sheet, Income Statement, and Cash Flow Statement.
Period-end closing activities include completing operational transactions and other month-end preparational postings, such as journal entry vouchers.
In the case of partner companies it also includes entering intercompany journal entry vouchers. Further Information Financial Closing - Month-End x Click here to hide process variants Scenario Explorer<br>
slide7. SAP Business ByDesign – Financial Closing Business Value Overview For midsize companies who need to meet quickly and efficiently financial filing deadlines and achieve better transparency and compliance, this scenario aligns payables and receivables, tax and inventory accounting, management and general ledger accounting.
You can improve financial and management reporting for regulatory compliance and increase investor confidence.
SAP Business ByDesign helps manage efficiently the end-of-period closing process: From completing operational transactions and their required postings, submitting reports to tax authorities through to the creation of financial statements. Central and standardized closing procedure ensures the integration of each individual statement form
Reconciliation capabilities to proof the consistency across different business areas
Access to an up-to-date, comprehensive overview of the closing status, which promotes transparency
Parallel accounting functionality enables creation of financial statements that comply with appropriate accounting principles
Ability of employees to define closing tasks and their sequence well in advance, thereby supporting compliance and minimizing the risk of missing important steps or getting their timing wrong
Built in analytics enables a drill down to capture changes and adjustments affected by closing activities Key Benefits Scenario Explorer<br>
slide8. Quarter-end closing
Year-end closing
Closing with Consolidation Preparation SAP Business ByDesign – Financial Closing Scenario Flow Variant: With Support Entitlements Work center in which process is performed Process related to Financials Process mainly driven by the user Process mainly driven by the system Work Center Legend & Variants Financial Closing - Month-End Scenario Explorer<br>
slide9. SAP Business ByDesign – Financial Closing Further Information Click process chevrons for details Forum
Get in touch with experts to discuss your specific requirements. To enter the community, click here. More Details SAP provides a complete product documentation, covering all aspects of the business scenario. For more details, click here. Do you need more information? Do you want to discuss with others? Business Scenarios
Take a look at the other business scenarios. For more details, click here. Do you want to explore other business scenarios? Scenario Explorer<br>
slide10. Thank You © 2023 SAP SE or an SAP affiliate company. All rights reserved. See Legal Notice on www.sap.com/legal-notice for use terms, disclaimers, disclosures, or restrictions related to SAP Materials for general audiences.<br>