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HD FIRE Solution

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keeranand1992
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23 views6 pages

HD FIRE Solution

Uploaded by

keeranand1992
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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PROJECT HD PARIVARTAN

SOLUTION DESIGN DOCUMENT – FINANCIAL


ACCOUNTING AND CONTROLLING

Submitted to

HD FIRE PROTECT PVT LTD

By

PROTIVITI INDIA MEMBER PVT LTD


PROJECT HD PARIVARTAN

Table of Content:

Contents
1. Document Control....................................................................................................................3
2. Objective:.................................................................................................................................4
3. AS-IS Process:...........................................................................................................................4
4. Challenges in current Process:.................................................................................................4
5. Solution Process Flow..............................................................................................................4
6. Customizations:........................................................................................................................5
PROJECT HD PARIVARTAN

,Document Control
1.1 Document Information:

Name of Project HD PARIVARTAN


Process Covered Financial Accounting and Controlling
Scope ID J58 Accounting and Financial Close
Accounting and Financial Close - Group Ledger
1GA IFRS
J59 Accounts Receivable
J60 Accounts Payable
J62 Asset Accounting - Taxes
1GB Asset Accounting - Group Ledger IFRS
BFH Asset Under Construction
1GF Asset Under Construction - Group Ledger IFRS
BD6 Basic Credit Management
BHF External Asset Acquisitions
1J2 Statutory Reporting
J54 Overhead Cost Accounting - Cost Center
J55 Journal Entry
BEG Product Cost Planning
2QL Universal Allocation
BFA, J78 Basic Bank Account Management
40Y Intercompany Matching and Reconciliation
1WV,1Y
I Financial Transactions
1QM Bill of Exchange
BEJ Inventory Valuation for Year-End Closing
Products Covered Bladder Tanks, Pre -Assembled Systems, Customized Systems
Document Number FI/001
Dependant Process Revenue Recognition, Customer Credit Checks, Sales Returns,
Inventory Valuation, Vendor Payments, Asset Capitalization, Cost
of Goods Manufactured, Variance Analysis, Payroll Processing,
Employee Benefits, Asset Depreciation, Maintenance Costs,
Project Budgeting and Cost Control, Revenue Recognition (PS)

1.2 Revision History:

Document Version Prepared By Release Date


V0 Anand Keer/Rasika Thakur/Hemant 07.10.2024
Vanjari

1.3 Business User Details:

Name of User Department Name Signoff Date


Finance and Accounting
Material Management
Production Planning and Control
Sales and Distribution
Dipesh Sharma Project Manager
PROJECT HD PARIVARTAN
PROJECT HD PARIVARTAN

1. Objective:
The objective of this requirement is to correctly capture AS-IS process for Financial Accounting
and Controlling modules and document the process if Fit to Standard process offered by SAP S4Hana
Public cloud.

3. AS-IS Process:
Current business process flow is mentioned in below steps:

3.1 Posting of journal entries for revenue, expenses, assets, liabilities, and equity.
3.2 Financial statement generation (balance sheet, income statement, cash flow statement).
3.3 Reconciliation of bank accounts and other general ledger Accounts.
3.4 Preparation of financial reports for internal and external stakeholders.
3.5 Compliance with relevant accounting standards (e.g., IFRS, GAAP).
3.6 Creation of sales orders for fire protection systems, equipment, and services.
3.7 Integration with customer master data in FI for credit checks and payment terms.
3.8 Pricing determination based on product master data and customer-specific pricing
agreements.
3.9 Tracking of stock levels for fire protection materials, components, and finished products.
3.10 Valuation of inventory using methods like FIFO, LIFO, or average cost.
3.11 Integration with purchase orders and goods receipts.
3.12 Creation and processing of purchase orders for materials, components, and services.
3.13 Vendor master data maintenance.
3.14 Three-way matching of purchase orders, goods receipts, and invoices.
3.15 Payment processing and reconciliation.
3.16 Calculation of product costs for manufactured fire protection systems or
components.
3.17 Variance analysis between planned and actual costs.
3.18 Integration with production orders and material issue postings.
3.19 Tracking and depreciation of fixed assets like fire suppression systems, equipment,
and vehicles.
3.20 Integration with asset master data and depreciation calculations.

4. Challenges in current Process:


4.1 No details of advance in reporting.
4.2 Custom ledger reporting (side wise & combined). SAP standard report to be shown.
4.3 LC & BGs are maintained manually.
4.4 Entire details of LC & BG are maintained in excel.
4.5 Customer dunning process is manual entirely.
4.6 vendor master is not accurate, reporting is inconsistent.
4.7 Outstanding report is not accurate due to incorrect payment terms maintained in PO/Master
in many cases.
4.8 Changes are affected for historical records for Customer and Vendors both.
4.9 TCS details are maintained in excel manually.

5. Solution Process Flow

6. Customizations:
Sl.No Customization Type of RICEFW
PROJECT HD PARIVARTAN

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