Sap S4hana Group Reporting Online training

SAP S/4HANA Group Reporting is the Financial and Consolidation software from SAP. The solution plays an important role in supporting an organization’s finance department by collecting, processing and then presenting consolidated financial statements. Additionally, it supports reporting requirements to external stakeholders, internal reporting requirements are also met using this type of software.

Group Reporting has several major advantages as follows:
Data integration: Due to the closed integration among the consolidation system and
the general ledger no ETL layer is required. The integration between S/4HANA
Finance to Group Reporting can be controlled by the consolidation team without the
requirement of technical support.

o Transparency: Technical knowledge is not required to setup this functionality;
consequently, the accountant submitting data or the consolidation team member
can gain a better understanding for amount submitted from S/4HANA Finance.

o Real-Time: The tool is integrated into S/4HANA, the ledger data is immediately
consolidated resulting in a faster accounting close on group level.

Group Reporting integration with S/4HANA.

The two central components in the setup of the integration between S/4HANA and Group Reporting. You will find the Map FS Items with G/L Accounts application, that are used for mapping G/L accounts to Financial Statement Items. Financial Statement items or FS items are the accounts that regarded as the group chart of accounts in Group Reporting.

USAGE:
SAP Group Reporting Data Collection helps you gather financial data for your business units.
The app is provided by the SAP Business Technology Platform and depends on data like
master data and allowed breakdowns from group reporting within SAP S/4HANA.

PREREQUISITES:
There is no Prerequisites to learn SAP S/4HANA Group Reporting if you are having
accounting background can easily understand the concept a bit easily and if you are not
having accounting background you may need to go through the topic more than once.

Industries in which S4HANA group reporting is growing:
 Computer science
 Financial service retail
 Information technology and services
 Marketing and advertisement

SALARY:
The average salary for SAP S4HANA group reporting consultant is approximately 6 lakhs to 15 lakhs per annum.