How to View Financial Services Product Group Hierarchies in Analytical Apps | SAP for Me
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 Published On Mar 14, 2024

How to view financial services product group hierarchies in analytical apps for banking such as year-to-date balances with scope item 5NU_US in 2402 , Link to scope item 5NU_US 2402: https://sap.to/6057kuaK3
#sap #banking #financialservices #saps4hanafinance

The central task of accounting enhancements for banking is to provide a banking-specific solution for general ledger accounting.

The main feature is a ready-made global chart of accounts (YCOA) for banks that is combined with dimensions for banks to enable multi-dimensional accounting to support both financial and regulatory reporting. In addition to banking-specific accounts, a financial statement version is provided for banks.

We provide starter content that includes banking-specific cost centers, cost center groups, profit centers, as well as profit center groups.

We also provide dimensions, such as product group, branch, data source, customer group, industry, and country/region, to enable multi-dimensional accounting for banks.

Ensure that scoping in SAP S/4HANA Cloud starts with the Baseline Accelerator bundle. Do not activate Accounting and Financial Close - Group Ledger IFRS (1GA) before or together with Accounting Enhancements for Banking (5NU).

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