Foreword Preface Objective of This Book How to Read This Book Acknowledgments Introduction The Changing Role of Finance Finance with SAP Summary The Universal Journal: Designing a Steering Model for the Business Designing a Steering Model for Your Business The Universal Journal Reporting Dimensions in Detail Extending the Steering Model Changing the Steering Model Summary Local and Global Accounting: Changing Organizational Structures to Satisfy Various Requirements Controlling and Global Business Management Accounting and Local Business Management Global Value Chains and Local Reporting Summary From Products to Services: Unifying Approaches to Controlling and Financial Operations Industry Solutions and SAP S/4HANA Controlling Financial Operations Summary Financial Process Optimization: Standardizing and Automating Processes Rethinking Business Processes Automating Finance Processes Redesigning Applications Summary SAP Fiori and Live Data: Merging Transactional and Analytics Data What Is SAP Fiori? First Steps in SAP Fiori Using a Virtual Data Model to Access Live Data SAP Fiori and the Intelligent Enterprise Summary Key Figures for Operational Reporting: Measuring Financial Performance Driving Insight to Action Using Semantic Tags to Link Accounts with Key Figures Redesigning for 360-Degree Reporting Summary Real-Time Financial Close: Providing Timely Information Improving the Hard Close New Approaches for a Soft Close Summary Predictive Accounting: Providing Forward-Looking Insights Accounting for Incoming Sales Orders Accounting for Statistical Sales Conditions Commitment Accounting for Purchase Orders Summary Unified Planning Model: Moving from Financial Budgeting to Driver-Based Forecasting Moving toward a Unified Planning Model SAP Analytics Cloud for Planning SAP BPC for SAP S/4HANA Planning for the Operational Processes Summary Asset Accounting: Making Real-Time Postings for Multiple Accounting Principles New Data Structure in Asset Accounting Key Figures for Asset Accounting Asset Accounting and Controlling Summary Inventory Accounting: Simplifying Material Valuation, Production Cost Analysis, and Actual Costing New Data Structure in Inventory Accounting Production Cost Analysis New Data Structure in Actual Costing Summary Group Reporting: Producing Consolidated Financial Statements Consolidation Solutions Group Reporting Dimensions Consolidation Data Sources Summary Cash Management: Improving Cash Operations Bank Account Management Cash Operations Liquidity Management Summary Tax and Legal Reporting: Ensuring Compliance with Key Requirements Legal Reporting with SAP S/4HANA for Advanced Compliance Reporting Indirect Tax Compliance with SAP Localization Hub, Tax Service Summary Cloud Extensions and Connectivity: Looking Beyond the Core Finance Solutions Finance Extensions Summary Looking Ahead with SAP S/4HANA Recent Innovations Planned and Future Innovations Additional Resources Postscript The Authors Index.