Get financial consolidation up and running! With this comprehensive guide, learn how to set up and use SAP S/4HANA Finance for group reporting. Organize your financials information by configuring global settings, master data, and transaction data. Walk through each group reporting processintercompany elimination, consolidation of investments, and matrix consolidationfollowing step-by-step instructions for setup and execution. With details on consolidation reporting, this is the only book you need for a successful corporate close! In this book, youll learn about:a. System Setup Discover how group reporting fits into the architecture of SAP S/4HANA Finance. Customize key settings to suit your business: consolidation units, financial statement items, journal entries, data validation rules, and more. b. Consolidation Processes Perform a successful consolidation! Set up and run critical processes such as currency translation, intercompany profit elimination, and consolidation of investments using the Data Monitor and the Consolidation Monitor. c. ReportingOnce your consolidation is complete, its time to report your results. Use reporting rules to create flexible custom reports, and then explore reporting tools in SAP S/4HANA, SAP Analysis for Microsoft Office, and SAP Analytics Cloud. Highlights include:1) Master and transaction data2) Currency translation3) Intercompany elimination4) Consolidation of investments5) Consolidation entries6) Matrix consolidation7) Data Monitor8) Consolidation Monitor9) Reporting items and rules10) Consolidation reporting

... Objective of This Book ... 13 ... Target Audience ... 14 ... How to Read This Book ... 14 1.1 ... Financial Consolidation Basics ... 17 1.2 ... Why Consolidate Financials Data? ... 22 1.3 ... Evolution of Consolidation with SAP Solutions ... 24 1.4 ... Financial Close in SAP S/4HANA ... 31 1.5 ... Summary ... 38 2.1 ... SAP S/4HANA Finance ... 39 2.2 ... Group Reporting ... 44 2.3 ... Summary ... 80 3.1 ... Global Settings ... 81 3.2 ... Group Reporting Preparation Ledger ... 85 3.3 ... Group Reporting Master Data ... 89 3.4 ... Selections ... 153 3.5 ... Summary ... 155 4.1 ... What Is the Data Monitor? ... 157 4.2 ... Configuring the Data Monitor ... 161 4.3 ... Integrating Transaction Data ... 170 4.4 ... Plan Data Integration ... 193 4.5 ... Balance Carryforward ... 194 4.6 ... Calculation of Net Income ... 201 4.7 ... Data Validation ... 206 4.8 ... Journal Entries ... 217 4.9 ... Group Reporting Preparation Ledger ... 226 4.10 ... Substitution and Validation Rules ... 235 4.11 ... Summary ... 241 5.1 ... What Is Currency Translation? ... 243 5.2 ... Configuring Currency Translation ... 249 5.3 ... Translating Reported Currency ... 276 5.4 ... Summary ... 282 6.1 ... What Is Intercompany Elimination? ... 283 6.2 ... What Is the Consolidation Monitor? ... 292 6.3 ... Configuring the Consolidation Monitor ... 296 6.4 ... Configuring Intercompany Elimination ... 317 6.5 ... Eliminating Intercompany Transactions ... 325 6.6 ... Eliminating Intercompany Profit in Inventory ... 331 6.7 ... Summary ... 344 7.1 ... What Is Consolidation of Investments? ... 346 7.2 ... Configuring Rule-Based Consolidation of Investments ... 356 7.3 ... Configuring Activity-Based Consolidation of Investments ... 364 7.4 ... Running Equity and Investment Eliminations ... 387 7.5 ... Summary ... 390 8.1 ... Common Consolidation Entries ... 391 8.2 ... Journal Entry Template ... 394 8.3 ... Summary ... 409 9.1 ... What Is Matrix Consolidation? ... 411 9.2 ... Configuring Matrix Consolidation ... 412 9.3 ... Running Matrix Consolidation ... 417 9.4 ... Summary ... 423 10.1 ... Predefined Reports ... 425 10.2 ... Reporting Rules and Reporting Items ... 433 10.3 ... Additional Reporting Tools ... 442 10.4 ... SAP Fiori ... 460 10.5 ... Summary ... 464 11.1 ... Book Summary ... 465 11.2 ... Considerations for Your Group Reporting Journey ... 466 11.3 ... Five Key Takeaways ... 468