All you need to know about Controlling in SAP S/4HANA

In SAP S/4HANA Finance, accounting documents are posted using a common document number. The FI document Profit and Loss (P&L) accounts still generates CO document. To keep uniformity and CO compatibility views, the document type and the document number Customizing settings are maintained for the internal CO postings and to assign the actual version of CO to the ledger. With the integration of FI and CO, there is no need for a reconciliation ledger going forward. In the past, any CO-related postings were updated in both the line item table (COEP) and the totals table (COSP for primary/COSS for secondary). With SAP S/4HANA Finance, the totals tables are no more needed because data can be accumulated from the line item table, which is also used for reporting. This avoids data redundancy. All actual data continue to be stored in the line item table COEP.

Two new tables- COSP_BAK and COSS_BAK- have been created to store planned data related to primary and secondary costs, respectively.

The Universal Journal has its own currency fields in FI while CO has its own currency settings. The currency concept used separately in FI and CO has now been combined. You can enhance the journal entry by adding the coding block and Profitability Analysis (CO-PA) features. Access to old data in tables is still feasible using the compatibility views V__ <table name>__ ORI.

Cost Elements

Cost Elements are no longer required in SAP S/4HANA Finance due to the fact that they are created as G/L accounts using Transaction FS00 and are part of the chart of accounts. A new field for the cost element category has been introduced in the G/L master record. The default account assignment is maintained using Trans-action OKB9 and not in the traditional cost element master data. Customizing settings that require cost elements such as costing sheets or settlement profiles and the business transactions where cost elements are utilized will continue to be defined by the cost elements category settings from the G/L master records. Cost elements groups continue to be available in SAP S/4HANA Finance for grouping the accounts and for reporting purposes.

Allocations

With the introduction of the new Universal Journal in SAP S/4HANA Financing, all the CO postings are posted directly to the Universal Journal, Secondary cost elements are now part of G/L accounts in FI and do not need separate assignment in CO.

CO-FI Reconciliation

G/L account mapping of CO real-time integration with the new G/L is now obsolete. Secondary cost elements are now created as G/L accounts and are part of the chart of accounts. On the configuration side, the document type that you want to utilize for posting in CO needs to be defined and need for the indicator G/L to be set. These document types need to be linked to the CO business transaction via a variant. The fiscal year variants of all controlling areas used by an organization and their assigned company codes must be the same.

The following transactions are no  longer available in SAP S/4HANA Finance

• KA01, KA02, KA03: Create/Change/Display Primary Cost Elements.
• KA06: Create Secondary Cost Elements.
• KK16, KK17: Cost Object Planning by Cost Element/Activity.
• KK46, KK47: Cost Object Planning by Statistical Key Figure.
• OMX2: Assign Currency Types to Material Ledger Type.
• OMX3: Assign Material Ledger Types to Valuation Area.

Bottomline

With SAP S/4HANA Finance, the overall tables are no more needed because data can be accumulated from the line item table, which is also used for reporting. This avoids data redundancy. All actuals data continue to be stored in the line item table COEP.

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