An Overview on SAP S/4hana Management Accounting

Abstract

SAP S/4HANA Management Accounting component offers the tools that can be used to prepare operating data for business analysis and management decisions. Management Accounting contains all the functions necessary for effective cost and revenue reporting oriented to the specific requirements of an enterprise. It covers all aspects of Management Accounting regarding different work areas like overhead management, product costing and profitability analysis. While reporting in Financial Accounting follows accounting principles that are applied in the respective locations, reporting in Management Accounting is designed on the basis of the chosen enterprise accounting system, such as flexible planned costing or direct costing.