OpenCourser brand icon
Sign in
We may earn an affiliate commission when you visit our partners.

SAP S/4HANA Finance Training (vs SAP FICO)

Rana W Mehmood

The course will prepare the students to learn the changes in the configuration and end-user processes which SAP S/4HANA Finance brought as compared to the traditional SAP ECC FICO.

The course will teach the students about new integration of FI and CO, Business Partner concept, new Asset Accounting, Ledger  concept with Accounting principles and deleted or obsolete transactions with the new ones.

After taking this course, the students will be able to pass the certification exam, job interviews and work into SAP S/4HANA Finance projects with their existing SAP FICO knowledge and skills.

Read more

The course will prepare the students to learn the changes in the configuration and end-user processes which SAP S/4HANA Finance brought as compared to the traditional SAP ECC FICO.

The course will teach the students about new integration of FI and CO, Business Partner concept, new Asset Accounting, Ledger  concept with Accounting principles and deleted or obsolete transactions with the new ones.

After taking this course, the students will be able to pass the certification exam, job interviews and work into SAP S/4HANA Finance projects with their existing SAP FICO knowledge and skills.

Disclaimer: SAP and other products of SAP mentioned in the training is a trademark or registered trademark of I am not related or affiliated to that.

Enroll now

What's inside

Learning objectives

  • Impact of sap s/4hana finance on sap fico configuration and end user processes
  • Configuration, functional & architectural changes in sap s/4hana finance
  • Understand the new integration between financials and controlling
  • Learn about the business partners and its linkage with customer and vendor master
  • Oltp and olap in sap s/4hana
  • Simplification and compatibility views
  • Universal journal - acdoca
  • Understand the ledger concept with accounting principles
  • New asset accounting in sap s/4hana finance
  • Technical clearing account concept in new asset account
  • Sap fiori bank master and cash management apps
  • Obsolete transaction codes and sap business client
  • Show more
  • Show less

Syllabus

Copy Company Code Extended Functionality
SAP S/4HANA Finance and SAP FIORI
Introduction to the Course
Introduction to SAP S/4HANA Finance
Read more
Introduction to SAP FIORI
Integration of FI and CO - General Ledger & Cost Element Master Data
General Ledger and Cost Element Master Data
Quiz:
Default Account Assignment for Cost Center
Deleted Transaction Codes for Primary and Secondary Cost Elements
Cost Element Group
SAP FIORI app - Creation of GL Master/Primary Cost Element
Integration of CO and FI
Reconciliation Ledger (Configuration)
Posting CO Documents to FI (End User)
Intercompany Clearing Account (Configuration)
Business Partner, Customer and Vendor Master Data
Obsolete Transactions to create Customer and Vendor
Business Partner Master Data (End User)
Customer Master Data (End User)
Vendor Master Data (End User)
Business Partner and Customer/Vendor Master (Configuration & End User)
One-time Customer/Vendor and BP Master (Configuration & End User)
Creation of Customer or Vendor Directly
Tables for BP, Customer and Vendor
SAP HANA Native Capabilities in SAP S/4HANA Finance
OLTP and OLAP
Simplification and Compatibility Views
Universal Journal - ACDOCA
Ledger Configuration with Accounting Principles
Currency Settings for Company Code
Non-Leading Configuration with Accounting Principles
Appendix Ledger Configuration with Accounting Principles
Benefits of Ledger Approach
Define Ledger for Version 0 in Controlling
Default Ledger Group for CO postings
New Asset Accounting in SAP S/4HANA Finance
Introduction to New Asset Accounting
Activate New Asset Accounting
Accounting Principles assigned to Depreciation areas
Depreciation areas post immediately to G/L
Transfer of APC Values
Transfer of Depreciation Terms
Assignment of Chart of Depreciation to the Company code
Technical Clearing Account for Integrated Asset Acquisition (Configuration)
Asset Acquisition posting with Technical Clearing Account (End User)
Depreciation area updated view in Asset Explorer
Deleted Transactions in Asset Accounting
Depreciation Posting Run Screen
Loading Asset data through ABLDT
Architectural changes in Asset Accounting tables
SAP FIORI Bank Master Data & Cash Management
SAP FIORI Bank Master Data Creation
SAP FIORI Cash Management (Cash Position and Liquidity Forecast)
Period-End Closing
Period-End Closing Changes
Cost Center Planning & Period-End, GL Planning and SAP Business Client
CO Planning and Period-End Transaction codes change
GL Planning Change
SAP Business Client
Summary of the Course
Bonus Lecture - Additional Information
Bonus Lecture - SAP S/4HANA Finance Complete Training & Additional Information

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Prepares learners to understand the changes in configuration and end-user processes introduced by SAP S/4HANA Finance compared to traditional SAP ECC FICO, which is valuable for career advancement
Covers the integration of FI and CO, the Business Partner concept, new Asset Accounting, and the Ledger concept, which are essential for modern SAP S/4HANA Finance implementations
Explores obsolete transaction codes and their replacements, which is crucial for adapting to the updated SAP S/4HANA Finance environment and maintaining efficient workflows
Includes coverage of SAP Fiori apps for bank master data and cash management, which are increasingly important for modern SAP implementations and user experience
Requires existing SAP FICO knowledge and skills, so learners without this background may find the course challenging and need to acquire foundational knowledge first
Focuses on SAP S/4HANA Finance, so learners interested in other areas of SAP may find the scope limited and need to seek additional training

Save this course

Save SAP S/4HANA Finance Training (vs SAP FICO) to your list so you can find it easily later:
Save

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in SAP S/4HANA Finance Training (vs SAP FICO) with these activities:
Review SAP FICO Fundamentals
Solidify your understanding of SAP FICO fundamentals to better grasp the changes introduced in SAP S/4HANA Finance.
Show steps
  • Review key FICO modules like General Ledger, Accounts Payable, Accounts Receivable, and Asset Accounting.
  • Practice basic FICO transactions in a demo system or through online tutorials.
  • Familiarize yourself with the integration points between FI and CO in SAP ECC.
Review: SAP S/4HANA Finance: An Introduction
Gain a solid understanding of the SAP S/4HANA Finance landscape and its key innovations.
View Putting Knowledge to Work on Amazon
Show steps
  • Read the book cover to cover, paying close attention to chapters on Universal Journal and new Asset Accounting.
  • Take notes on key differences between SAP ECC FICO and SAP S/4HANA Finance.
  • Relate the book's content to the course syllabus to identify areas of focus.
Configure a Simplified Finance Scenario in S/4HANA
Apply your knowledge by configuring a simplified finance scenario in an SAP S/4HANA system, focusing on the new functionalities.
Show steps
  • Set up a trial SAP S/4HANA system or access a sandbox environment.
  • Configure basic settings for General Ledger, Accounts Payable, and Accounts Receivable.
  • Implement the Business Partner concept and link it to customer and vendor master data.
  • Post a few sample transactions to test the configuration.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Document Obsolete Transactions
Reinforce your understanding of the changes by creating a document that lists obsolete transactions in SAP S/4HANA Finance and their replacements.
Show steps
  • Compile a list of obsolete transaction codes mentioned in the course.
  • Research the corresponding new transaction codes or functionalities in SAP S/4HANA Finance.
  • Create a table or document that maps the old transactions to the new ones, including a brief description of the changes.
Explore: First Steps in SAP S/4HANA Finance
Gain a practical understanding of the key functionalities and processes in SAP S/4HANA Finance.
View First Steps in SAP S/4HANA Universal Parallel... on Amazon
Show steps
  • Read the book, focusing on the chapters that align with the course syllabus.
  • Take notes on the key concepts and functionalities discussed in the book.
  • Try out the examples and exercises provided in the book in a demo system.
Follow SAP Fiori Tutorials
Enhance your skills by following guided tutorials on SAP Fiori apps related to finance and accounting.
Show steps
  • Search for SAP Fiori tutorials on the SAP Learning Hub or YouTube.
  • Choose tutorials that cover topics like bank master data creation or cash management.
  • Follow the tutorials step-by-step and practice using the Fiori apps in a demo system.
Contribute to SAP Community Forums
Deepen your understanding by actively participating in SAP community forums and answering questions related to SAP S/4HANA Finance.
Show steps
  • Join relevant SAP community forums on the SAP Community Network.
  • Browse the forums for questions related to SAP S/4HANA Finance.
  • Answer questions based on your knowledge and experience, providing helpful and accurate information.

Career center

Learners who complete SAP S/4HANA Finance Training (vs SAP FICO) will develop knowledge and skills that may be useful to these careers:
SAP Consultant
A SAP Consultant leverages their expertise in SAP software to help businesses optimize their processes. This role involves customizing, implementing, and supporting SAP systems, and this course is directly relevant as it focuses on the changes in SAP S/4HANA Finance compared to SAP ECC FICO. A SAP Consultant with knowledge of the new integration of Finance and Controlling, the Business Partner concept, new Asset Accounting, and the Ledger concept taught here can readily adapt to and implement the latest SAP technologies. This course’s focus on new and obsolete transactions makes it particularly useful to someone who wants to work in this field.
See salaries and explore the career path for SAP Consultant
SAP Trainer
An SAP Trainer educates users on how to effectively use SAP software. This requires a deep understanding of the system and the ability to explain its functionalities. Since this course directly covers the shifts from SAP ECC FICO to SAP S/4HANA Finance, including new integration of FI and CO, a SAP Trainer can use this knowledge to effectively train users on the latest changes. This course would be especially useful to those who want to train users on the transition from SAP ECC FICO. Understanding the Ledger concept with accounting principles, as taught in the course, helps a SAP Trainer teach this topic effectively.
See salaries and explore the career path for SAP Trainer
Financial Systems Analyst
A Financial Systems Analyst is responsible for maintaining, supporting, and improving financial systems, often involving large enterprise software like SAP. This role requires a strong understanding of financial processes and the technical skills to apply them within the system. This specific course on SAP S/4HANA Finance helps a Financial Systems Analyst by providing a deep dive into how FI and CO are integrated as well as new concepts like the Business Partner. By providing insight into changes in configuration and processes, this course helps someone in this field effectively manage and utilize the financial system. Understanding changes in configuration and end-user processes makes this course particularly useful.
See salaries and explore the career path for Financial Systems Analyst
Business Analyst
A Business Analyst examines business processes, identifies areas for improvement, and creates solutions. This often involves understanding how financial systems, such as SAP, function. This course is particularly useful for a Business Analyst working with SAP S/4HANA Finance because it provides a strong foundation in the new functionalities and configurations that have evolved from the ECC FICO system. Additionally, understanding the new integration between Financials and Controlling, and the new Asset Accounting can help a Business Analyst create more effective solutions. The course's focus on obsolete transactions is also very relevant for someone that wants to enter this role.
See salaries and explore the career path for Business Analyst
Implementation Specialist
An Implementation Specialist executes the deployment of new software systems, such as SAP S/4HANA Finance, for an organization. This role requires a detailed understanding of the software, the data it handles, and the business processes it affects. Since this course specifically focuses on the changes that SAP S/4HANA Finance brought compared to SAP ECC FICO, an Implementation Specialist will greatly benefit from understanding these shifts. Knowledge of the new integration of FI and CO, the Business Partner concept, and the new Asset Accounting help an Implementation Specialist successfully deploy a new system. This course may help someone who wants to break into this career field.
See salaries and explore the career path for Implementation Specialist
Finance Manager
A Finance Manager oversees the financial operations of a company, which includes managing financial systems. While they may not directly configure the SAP system, a strong understanding of how it functions is beneficial. This course will help a Finance Manager by providing them with an overview of the new integration of Financials and Controlling; this will allow more effective management of their teams. The course can also help a Finance Manager understand how the new Asset Accounting and Ledger concepts affect the overall financial data. This course may be helpful for someone who wants to work as a Finance Manager.
See salaries and explore the career path for Finance Manager
Project Manager
A Project Manager plans and executes projects, often involving the implementation or upgrade of software systems like SAP. A Project Manager involved in SAP projects benefits greatly from understanding the system's nuances. This course, which is focused on SAP S/4HANA Finance, is beneficial because it provides insight into the changes from SAP ECC FICO, new integration of FI and CO as well as other new concepts. Understanding these changes allows the Project Manager to better plan and execute projects efficiently. Knowing the new and obsolete transactions is also very helpful in this role. This course may be useful for someone who wants to enter this career field.
See salaries and explore the career path for Project Manager
Business Intelligence Analyst
A Business Intelligence Analyst uses data to create reports and dashboards to help companies make informed decisions. This often involves data sourced from various systems like SAP. This course is useful because it addresses changes that SAP S/4HANA Finance brings to the table, such as the new integration of FI and CO and the Universal Journal. These concepts are relevant in properly interpreting financial data. Understanding OLTP and OLAP in SAP S/4HANA, as discussed in this course, is also very helpful to a Business Intelligence Analyst. This course may help someone who wants to work as a Business Intelligence Analyst.
See salaries and explore the career path for Business Intelligence Analyst
Accounting Specialist
An Accounting Specialist provides expert accounting support, and this may involve using financial systems like SAP. While they might not configure the system, understanding how SAP S/4HANA Finance works can improve their efficiency. This course is beneficial to an Accounting Specialist because it delves into the new integration between Financials and Controlling, and also discusses the new Asset Accounting. The course’s focus on the Ledger concept and accounting principles is also something they might find helpful. This course may be helpful to someone who aspires to this role.
See salaries and explore the career path for Accounting Specialist
Data Analyst
A Data Analyst interprets and analyzes data to provide insights. This often includes financial data extracted from systems like SAP. This course may be useful because it addresses the changes in SAP S/4HANA Finance, including the new integration between FI and CO, and the Universal Journal, which provide a foundation for understanding how financial data is structured and accessed. Understanding OLTP and OLAP in SAP S/4HANA, as covered in the course, is also beneficial. This course may help someone who wants to work as a Data Analyst.
See salaries and explore the career path for Data Analyst
Financial Accountant
A Financial Accountant is responsible for preparing and analyzing financial records using software systems like SAP. Understanding the new integration of FI and CO, as taught in this course, will greatly help create more accurate financial records. The course also discusses the new Asset Accounting and Ledger concepts, which directly impact a Financial Accountant. Because this course focuses on the changes in SAP S/4HANA compared to SAP ECC FICO, it may be useful to anyone who wants to work as a Financial Accountant.
See salaries and explore the career path for Financial Accountant
System Administrator
A System Administrator manages and maintains computer systems, which can include SAP environments. While this role isn’t directly involved with financial processes, knowledge of the changes in SAP S/4HANA Finance can help with system maintenance and support. This course may be useful to someone in this field because it provides an overview of how SAP S/4HANA Finance is designed, particularly with respect to the changes in configuration. This enables a System Administrator to better troubleshoot problems. The course may be helpful to someone in this role.
See salaries and explore the career path for System Administrator
Internal Auditor
An Internal Auditor examines an organization's processes and controls, often including financial systems. While this role is not focused on SAP systems directly, this course may be of use because it provides insights into how financial data is handled and processed in SAP S/4HANA Finance. Specifically, understanding the new integration of Financials and Controlling and the new Asset Accounting can help an Internal Auditor perform their job. The course may help someone who wants to work as an Internal Auditor.
See salaries and explore the career path for Internal Auditor
Operations Manager
An Operations Manager ensures that a company's daily operations run smoothly, which can involve understanding the company's systems, including SAP. While an Operations Manager may not directly work with SAP, having an understanding of the changes in SAP S/4HANA Finance may be beneficial. A course that discusses the new integration of FI and CO and the Business Partner concept may be useful for gaining insights into the overall financial processes of the company. This course may be helpful to someone in this career.
See salaries and explore the career path for Operations Manager
Management Consultant
A Management Consultant advises organizations on how to improve their business processes and solve problems. While this role does not require direct expertise in software like SAP, having a general understanding of how financial systems like SAP S/4HANA Finance operate may be of help. This course may be helpful as it addresses changes in SAP S/4HANA Finance, including the new integration between Financials and Controlling, and new Asset Accounting. This course may be useful for someone in this field.
See salaries and explore the career path for Management Consultant

Reading list

We've selected two books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in SAP S/4HANA Finance Training (vs SAP FICO).
Cover image
Putting Knowledge to Work
Save
Provides a comprehensive overview of SAP S/4HANA Finance, covering key functionalities and architectural changes. It serves as an excellent reference for understanding the new features and how they differ from SAP ECC FICO. The book is commonly used by consultants and professionals transitioning to S/4HANA Finance. It adds depth to the course by providing real-world examples and best practices.
Putting Knowledge to Work
Paperback
Check
Putting Knowledge to Work
Kindle Edition
Check
Cover image
First Steps in SAP S/4HANA Universal Parallel...
Save
Great starting point for understanding the basics of SAP S/4HANA Finance. It provides a practical guide to the key functionalities and processes. It is particularly helpful for those who are new to SAP S/4HANA Finance and want to get a quick overview of the system. This book adds breadth to the course by covering a wide range of topics in a concise and easy-to-understand manner.
First Steps in SAP S/4HANA Universal Parallel...
Kindle Edition
$

Share

Help others find this course page by sharing it with your friends and followers:
Facebook
LinkedIn
Reddit
X
Link
Email

Similar courses

Similar courses are unavailable at this time. Please try again later.
Effort
5 total hours
Via
Udemy
Instructor
Rana W Mehmood
Language
English
Good to know
Prepares learners to understand the changes in configuration and end-user processes introduced by SAP S/4HANA Finance compared to traditional SAP ECC FICO, which is valuable for career advancement
Covers the integration of FI and CO, the Business Partner concept, new Asset Accounting, and the Ledger concept, which are essential for modern SAP S/4HANA Finance implementations
Explores obsolete transaction codes and their replacements, which is crucial for adapting to the updated SAP S/4HANA Finance environment and maintaining efficient workflows
Includes coverage of SAP Fiori apps for bank master data and cash management, which are increasingly important for modern SAP implementations and user experience
Requires existing SAP FICO knowledge and skills, so learners without this background may find the course challenging and need to acquire foundational knowledge first
Focuses on SAP S/4HANA Finance, so learners interested in other areas of SAP may find the scope limited and need to seek additional training
Share and help others discover this course.
Facebook LinkedIn X Reddit Link Email
Don't miss out
Enroll today to gain access to this course
Enroll in this course
Our mission

OpenCourser helps millions of learners each year. People visit us to learn workspace skills, ace their exams, and nurture their curiosity.

Our extensive catalog contains over 50,000 courses and twice as many books. Browse by search, by topic, or even by career interests. We'll match you to the right resources quickly.

Find this site helpful? Tell a friend about us.

Affiliate disclosure

We're supported by our community of learners. When you purchase or subscribe to courses and programs or purchase books, we may earn a commission from our partners.

Your purchases help us maintain our catalog and keep our servers humming without ads.

Thank you for supporting OpenCourser.

© 2016 - 2025 OpenCourser