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

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.

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
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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

Traffic lights

Read about what's good

what should give you pause

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, which is essential for understanding financial and managerial accounting within the SAP S/4HANA environment

Explores the Business Partner concept and its linkage with Customer and Vendor Master, which is a fundamental aspect of data management in SAP S/4HANA

Discusses obsolete transaction codes and introduces new ones, which is crucial for adapting to the updated functionalities in SAP S/4HANA Finance

Requires existing SAP FICO knowledge and skills, so learners without this background may find the course challenging

Covers SAP Fiori apps for bank master data and cash management, which may require additional configuration and setup outside of the course environment

Reviews summary

Sap s/4hana finance transition review

According to learners, this course provides a clear overview and strong foundation for professionals transitioning from SAP FICO to S/4HANA Finance. Students particularly praise the instructor's in-depth knowledge and clear explanations, which help demystify the changes, especially regarding the Universal Journal (ACDOCA) and New Asset Accounting. While some find the course very helpful for certification and job interviews, a common point raised as a potential limitation is the lack of dedicated system access or hands-on labs for practice, requiring learners to secure this separately. Overall, it's seen as a highly valuable resource for understanding the conceptual and functional shifts.

Effectively highlights differences from traditional FICO.

"The comparison points between FICO and S/4HANA were very useful."

"Explained the impact of S/4HANA on existing FICO processes clearly."

"It does a great job of contrasting the old and new ways."

"Helped me bridge my existing FICO knowledge to S/4HANA."

Helpful for exam prep and understanding job requirements.

"This course will definitely help me in passing the certification exam."

"Very helpful for job interviews and understanding project requirements."

"It gives you the confidence to tackle S/4HANA interview questions."

"I feel much better prepared for my S/4HANA transition projects."

Provides solid understanding for transitioning to S/4HANA.

"This course provided me with a clear understanding of the major changes in S/4HANA Finance."

"It's a great starting point for someone looking to understand S4 HANA changes."

"Helps to build a strong foundation for SAP S/4HANA Finance."

"This course is excellent to understand the differences between FICO and S/4HANA."

Instructor explains complex S/4HANA changes clearly.

"The instructor clearly explains the changes in S/4HANA Finance compared to the ECC FICO..."

"He articulated the differences between the ECC and S/4 HANA versions of SAP very well..."

"The Universal Journal and New Asset Accounting concepts were explained beautifully."

"I found the explanation of the Universal Journal very good and understandable."

Course lacks included hands-on system practice.

"The only thing missing is the hands on practice in the system, which is essential."

"It doesn't include system access for practice..."

"Would be great if system access for labs was part of the course package."

"While the theory is covered well, I needed to find system access elsewhere for practice."

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

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Solidify your understanding of SAP FICO fundamentals to better grasp the changes introduced in SAP S/4HANA Finance.

Browse courses on SAP FICO

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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

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Gain a solid understanding of the SAP S/4HANA Finance landscape and its key innovations.

View Putting Knowledge to Work on Amazon

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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

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Apply your knowledge by configuring a simplified finance scenario in an SAP S/4HANA system, focusing on the new functionalities.

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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

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Document Obsolete Transactions

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Reinforce your understanding of the changes by creating a document that lists obsolete transactions in SAP S/4HANA Finance and their replacements.

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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

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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

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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

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Enhance your skills by following guided tutorials on SAP Fiori apps related to finance and accounting.

Browse courses on SAP Fiori

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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

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Deepen your understanding by actively participating in SAP community forums and answering questions related to SAP S/4HANA Finance.

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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).

Putting Knowledge to Work

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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

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Putting Knowledge to Work

Kindle Edition

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First Steps in SAP S/4HANA Universal Parallel...

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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

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

What's inside

Learning objectives

Syllabus

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Reviews summary

Sap s/4hana finance transition review

Activities

Career center

Reading list

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