SAP CO S/4 HANA 2021 -Universal Allocation-Allocation Cycles

Description

SAP S/4HANA has revolutionized the traditional cost allocation process by introducing Universal Allocation through Fiori apps. This change streamlines the allocation process, providing a more intuitive and user-friendly experience. Here’s a more comprehensive insight into Universal Allocation in SAP S/4HANA via Fiori apps:

Universal Allocation in Fiori Apps for Cost Center Allocations:

1. Overview: Universal Allocation provides a unified approach to manage various allocations like distribution and overhead allocation (assessment). With Fiori, the user experience is enhanced, eliminating the need to juggle multiple SAP GUI transactions as was the case in ECC. This promotes operational efficiency and better visualization.

2. Manage Allocations App (App ID: F3338):

   • Purpose: To define and manage allocation cycles and segments.

   • Features:

     • Single interface to create and modify allocation cycles.

     • Visualization of existing cycles for all authorized contexts.

     • Maintenance of multiple types of allocation rules at the segment level.

     • It allows the definition of sender and receiver criteria, allocation methods, and segment-specific parameters.

3. Run Allocations App (App ID: F3548):

   • Purpose: Execution of the defined allocation cycles.

   • Features:

     • Centralized platform to initiate allocation runs.

     • Users can set up run worklists that contain standalone cycles or a sequence of cycles.

     • Allows the execution of test runs and real runs.

     • Provides a log of executed runs for review.

4. Allocation Results App (App ID: F4363):

   • Purpose: Offers a detailed analysis of executed allocation runs.

   • Features:

     • Multiple views for a comprehensive analysis:

       • By Run: Displays a list of completed run jobs with their statuses and a drill-down capability to access detailed reports.

       • By Cycle: Shows the status of cycles run for selected fiscal periods.

       • Run Report: Provides intricate details of sender-receiver journal entries, messages, and a Network Graph control for visual representation of allocations.

5. Allocation Flow App (App ID: F4022):

   • Purpose: Visualization of allocation results.

   • Features:

     • Displays allocation results in a Network Graph format.

     • Graphical representation assists users in understanding the flow of allocations between sender and receiver objects.

     • Provides filtering options to view specific allocation interactions.

6. Integration with SAP GUI:

   • Post the allocation process in Fiori, the results can be viewed in traditional SAP GUI reports such as S_ALR_87013611. This report will showcase detailed sender and receiver cost center data, bridging the gap between the new Fiori experience and traditional SAP GUI reporting.

In Conclusion:

Universal Allocation in SAP S/4HANA through Fiori apps provides businesses with a holistic and streamlined approach to manage cost allocations. It offers the agility to adapt to business needs while ensuring transparency and clarity in financial postings. Fiori apps, with their intuitive design, make the process more manageable, visual, and aligned with modern-day user experiences. By combining the strength of S/4HANA with Fiori, businesses can achieve more accurate and efficient cost allocations, leading to better financial reporting and decision-making.

What You Will Learn!

• SAP CO S/4 HANA 2021 -Universal Allocation-Allocation Cycles: Distribution & Assessment Cycle
• Manage Allocation: App ID: F3338
• Run Allocation: App ID: F3548
• Allocation Results: App ID: F4363
• Allocation Flow: App ID: F4022

Who Should Attend!

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

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