SAP CO Material Ledger- CKMLCP and CKMLCPAVR in "S4 HANA"

SAP CO Material Ledger: CKMLCP and CKMLCPAVR in S/4 HANA, available at $59.99, has an average rating of 4.7, with 24 lectures, based on 16 reviews, and has 86 subscribers.

You will learn about SAP CO: Material Ledger : CKMLCP and CKMLCPAVR ( Alternative valuation Run) Configuration for periodic Material Ledger: CKMLCP and Alternative valuation Run: CKMLCPAVR Testing with Material Ledger: CKMLCP and Alternative valuation Run: CKMLCPAVR Explain difference between CKMLCP and CKMLCPAVR CKM3 Explanation after CKMLCP & CKMLCP This course is ideal for individuals who are CPA , CMA , ACCA , CA , MBA , M Com, B Com students and Professionals, SAP FICO Consultants and End Users. It is particularly useful for CPA , CMA , ACCA , CA , MBA , M Com, B Com students and Professionals, SAP FICO Consultants and End Users.

Enroll now: SAP CO Material Ledger: CKMLCP and CKMLCPAVR in S/4 HANA

Summary

Title: SAP CO Material Ledger: CKMLCP and CKMLCPAVR in S/4 HANA

Price: $59.99

Average Rating: 4.7

Number of Lectures: 24

Number of Published Lectures: 24

Number of Curriculum Items: 24

Number of Published Curriculum Objects: 24

Original Price: ?2,799

Quality Status: approved

Status: Live

What You Will Learn

SAP CO: Material Ledger : CKMLCP and CKMLCPAVR ( Alternative valuation Run)

Configuration for periodic Material Ledger: CKMLCP and Alternative valuation Run: CKMLCPAVR

Testing with Material Ledger: CKMLCP and Alternative valuation Run: CKMLCPAVR

Explain difference between CKMLCP and CKMLCPAVR

CKM3 Explanation after CKMLCP & CKMLCP

Who Should Attend

CPA , CMA , ACCA , CA , MBA , M Com, B Com students and Professionals, SAP FICO Consultants and End Users.

Target Audiences

CPA , CMA , ACCA , CA , MBA , M Com, B Com students and Professionals, SAP FICO Consultants and End Users.

In S/4 HANA, SAP has made significant enhancements in the area of Material Ledger and Actual Costing, enabling businesses to meet the complexities of parallel accounting principles, such as IFRS and Local GAAP. Let’s elaborate on the integration and functioning of CKMLCP and CKMLCPAVR in S/4 HANA, especially in the context of parallel COGM calculation for different accounting principles.

CKMLCP and CKMLCPAVR in S/4 HANA:

1. CKMLCP (Periodic Actual Costing Run): This is the traditional transaction used for executing the Material Ledger’s period-end closing activities for actual costing. It typically refers to the standard or leading ledger, often linked to the IFRS accounting principle.

2. CKMLCPAVR (Actual Costing Run for Additional Valuations): Introduced to cater to the need for parallel valuations. CKMLCPAVR allows companies to calculate actual costs based on non-leading ledgers which might correspond to local GAAP or other accounting principles.

Parallel Financial Reporting in Controlling:

1. Depreciation Considerations:

2. Depreciation calculations are a key component of the total cost of manufactured goods. Since IFRS and Local GAAP often have different rules and timelines for asset depreciation, the cost of goods manufactured (COGM) will vary between the two accounting principles.

3. In S/4 HANA, different depreciation areas can be maintained in the asset accounting module. Each depreciation area can have its own set of rules (for example, one for IFRS and another for Local GAAP). This facilitates parallel depreciation calculations.

4. Parallel Valuation in Material Ledger:

5. The Material Ledger can maintain inventory values in parallel for different accounting principles, with each valuation view being tied to a specific ledger.

6. Inventory can be carried at different values in the same system, facilitating compliance with both international and local accounting standards.

7. Executing Actual Costing Runs:

8. For IFRS: Execute CKMLCP, which uses the leading ledger.

9. For Local GAAP: Execute CKMLCPAVR, specifying the non-leading ledger associated with the local GAAP accounting principle.

10. Linking Accounting Principles to Ledgers:

11. Accounting principles are directly linked to specific ledgers. The leading ledger typically represents IFRS, while non-leading ledgers can be linked to local GAAP or other accounting standards.

12. By linking depreciation areas to these ledgers, the system ensures the correct depreciation calculation gets included in the cost component structure and COGM calculations.

Advantages of Parallel Reporting in S/4 HANA:

1. Compliance & Flexibility: Catering to both international and local reporting standards in a single integrated system reduces reconciliation efforts and ensures compliance.

2. Transparency: Clear visibility of how costs (especially depreciation) impact product costing under different accounting principles.

3. Efficiency: Streamlined period-end closing activities with consistent and automated calculations.

In summary, S/4 HANA’s capabilities in the realm of Material Ledger and Actual Costing offer businesses a robust platform to manage parallel financial reporting in controlling seamlessly. By leveraging CKMLCP and CKMLCPAVR, organizations can ensure they meet both global and local financial reporting requirements efficiently.

Course Curriculum

Chapter 1: Introduction

Lecture 1: Introduction

Chapter 2: Basic Configuration Setting of FI,MM,SD,PP modules

Lecture 1: Enterprise Structure

Lecture 2: Financial Accounting Settings

Lecture 3: Material Management Settings

Lecture 4: Sales & Distribution settings

Lecture 5: Production Planning Settings

Lecture 6: Controlling Area Settings

Lecture 7: GL accounts creation-FI-MM (OBYC) and FI-SD (VKOA)

Chapter 3: Product Costing Configuration

Lecture 1: Product Costing Configuration

Chapter 4: Legal and Group Valuation AND Parallel Valuation for COGM Configuration settings

Lecture 1: Group Valuation Configuration settings

Lecture 2: Parallel Valuation for COGM Configuration settings

Chapter 5: Material Ledger Configuration

Lecture 1: Material Ledger Configuration

Chapter 6: Asset Accounting Configuration

Lecture 1: Asset Accounting Configuration

Chapter 7: Parallel Financial Reporting in Controlling (Cost of Goods Manufactured)-Config

Lecture 1: Parallel COGM configuration-Configuration

Chapter 8: Activation of Multiple valuation and Material ledger-Production Startup

Lecture 1: Activation of Multiple valuation and Material ledger-Production Startup

Chapter 9: Activity types, Splitting structure and Business partner creation

Lecture 1: Activity types, Splitting structure and Business partner creation

Chapter 10: Test Case: MM, Production, SD and Asset Depreciation run.. with COPC month end.

Lecture 1: Master data(Profit center, Cost center), KP06, KP26, KSS4 and KSPI calculation

Lecture 2: MM (Raw material Procurement Cycle)

Lecture 3: FG Material ,BOM, Work Center, Routing, Standard Cost creation and release.

Lecture 4: Production Cycle: Production Order creation and Activity Confirm

Lecture 5: Sales and Distribution Cycle

Lecture 6: Asset Master, Asset Purchase and then Asset Depreciation Run AND Check results

Lecture 7: Product Costing month end closing -Month end closing

Chapter 11: CKMLCP and CKMLCPAVR Execution AND CKM3 Explanation

Lecture 1: CKMLCP and CKMLCPAVR Execution AND CKM3 Explanation

Instructors

Karanam Sreedhar : SAP S/4 HANA Controlling-Solution Architect
Ex-Employee from Wipro , Deloitte and Infosys

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4 stars: 4 votes

5 stars: 11 votes

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