After completing this unit, you will be able to:

• describe the stages of the record-to-report process and identify how SAP solutions can be used here
• describe how financial transactions are recorded in the universal journal

After completing this unit, you will be able to:

• describe payables management and its role in a company's financial operations
• Explain the connection between payables management and the general ledger

After completing this unit, you will be able to:

• describe receivables management and its role in a company's financial operations
• identify customer transactions in the receivables management and in the general ledger

After completing this unit, you will be able to:

• Outline the fixed asset life cycle and organizational structure
• Identify the connection between asset accounting and general ledger accounting
• Explain how assets may be represented based on different valuations with the help of valuation views and depreciation areas

After completing this unit, you will be able to:

• describe the scope of management accounting
• differentiate between financial and management accounting
• explain how management accounting works in SAP S/4HANA
• outline the universal journal
• outline parallel accounting capabilities in SAP S/4HANA
• describe the role of profit center accounting

After completing this unit, you will be able to:

• describe key elements of Treasury Management in SAP S/4HANA
• describe key benefits, use cases and scenarios when deploying SAP S/4HANA Cash Management
• explain key benefits and scenarios for deploying Treasury Management
• outline the key benefits and scenarios for deploying SAP S/4HANA Cloud for Advanced Payment Management
• explain the process improvements that result from implementing Treasury and Cash Management

After completing this unit, you will be able to:

• Describe the group reporting solution

After completing this unit, you will be able to:

• Outline key elements of central finance
• Outline the business benefits of central finance
• Highlight key use cases and scenarios for deploying central finance
• Describe the central finance project implementation phases and roadmap
• Describe how the implementation improves process efficiency for users and the organization

After completing this unit, you will be able to:

• explain the core features and functionalities of SAP Business AI
• assess SAP's AI strategy and articulate its impact on business operations in a clear and concise manner
• outline the ethical considerations of SAP AI, including implications for data privacy and security