The learning content is designed for anyone who wants to gain SAP knowledge in a simple, compact, and practical way. Our learning platform offers content for beginners, advanced learners, and experts. This enables you to expand your knowledge step by step and continuously develop your skills toward becoming an SAP expert.
Universal Parallel Accounting – the next big thing?
Flat rate
$19 per month
Single license 1000+ eBooks and video tutorials Instant access 12 months($228per year) Automatic renewal
More Details
The Universal Journal was the big thing in initial releases of SAP S/4HANA, combining data from Financial Accounting, Controlling and Profitability Analysis in one document and Universal Parallel Accounting is the next evolution in this journey meeting the apparently conflicting needs of Financial Accounting (local accounting principles, local calendars) and Controlling (a common accounting principle and calendar) not to mention historical differences in the handling of currencies in the different applications in a harmonized approach. This session will explore:
- Use cases for Universal Parallel Accounting and the impact of working with multiple ledgers in Asset Accounting, Overhead Management, Inventory Valuation, Production Accounting and Margin Analysis and how this new approach can reduce manual work for international organizations
- How the event-based approach to revenue recognition and production accounting removes tasks from the local period close and how on-the-fly profit elimination simplifies the corporate close
- What to avoid now to ensure that a smooth migration to Universal Parallel Accounting in the future
Preview
Ratings
T. Stefan
06.07.2023
Our products—whether books, videos, or online training—deliver SAP knowledge concisely and practically, so you can apply it directly in your daily work, even if you have limited time. You benefit from a broad coverage of relevant SAP topics, high-quality content in four languages, and learning formats designed to fit your individual needs. This ensures that you can stay up to date and continuously develop your expertise.
Our books are characterized by a clear practical focus and a compact, easy-to-understand presentation. We explain complex SAP topics concisely—without unnecessary marketing buzzwords—so readers can quickly grasp the essentials and apply the new knowledge directly.
Our print books can be returned within 14 days, in original condition. Return shipping is at your own cost.
We currently only ship books directly within Germany. If you are ordering from outside Germany, we recommend purchasing via Amazon. You can find the link by selecting “Buy eBook” on any product in our webshop and Amazon will then show you both the eBook and print versions available for purchase.
Alternatively, you can access all our content with a digital subscription, starting at $19 per month.
Our team is always happy to help and will respond to your questions as quickly as possible (usually within 1–2 days). You can also contact us if you have questions for one of the authors. Email: contact@espresso-tutorials.com

