Universal Journal allows companies to improve reporting thanks to the increased flexibility and expanded scope of the underlying data model. On top of this basis of simplified data model and flexible reporting capabilitie s, we consider first analytical and then transactional applications. SAP Simple Finance allows companies to flexibly analyze their numbers according to their needs. Analytics go beyond legal or management reporting and cover all kinds of business intelligence and performance indicators. SAP Simple Finance provides an easy-to-consume analytics layer on top of the simplified data model, so compa nies do not have to deal with technicalities but can easily build their analysis based on a rich data model with incorporated business semantics. 2015 by Rheinwerk Publishing Inc., Boston ( First of all, the most important functional change is the Universal Journal, whi ch serves as the foundation of all of the following functional enhancements. The Universal Journal, described in Chapter 9, brings together the once-separate dat a model of different financial components, such as Financial Accounting (FI) or Management Accounting (CO). Besides getting rid of time-consuming and complex reconciliation activities, the simplification of the data model with the Universal Journal opens up entirely ne w possibilities for the external and internal reporting of companies. Closely inte grated with the single source of truth, the flexible reporting functionality forms the second layer of the functiMA) Seeing the Big Picture 8.1 145 Alongside analytics, the Universal Journal also forms the basis for the new and enhanced (often transactional) applications in SAP Simple Finance that work on the data or creates it as part of business processes. Recall from Chapter 1 that applications span the entire value map of financials; these new applications for m the second half of the third layer of Figure 8.1. They all have in common that t hey follow the simplification paradigms and benefit from the simpler architecture in particular, the closer integration of financial components, building on top of t he basis of Universal Journal and flexible reporting. Just providing functionality is not enough if true simplification is the goal. T he functionality also has to be offered in a simpler manner with a more intuitive, easier, and delightful user experience. SAP Fiori apps are the means of choice i n SAP Simple Finance to achieve exactly that for all of the previously mentioned building blocks: reporting, analytics in general, and fincreate number of public holidays Select assign public holiday button Select save button or Ctrl+S Select back (?) arrow 2 times calendar button Select changSelect create button Select with fixed date Press enter name India Select change button Select create button Calendar ID IN
Select assign public holiday button
Select republic day check box In the same way, we can Select factory Day 26 Month 1 Public day short text republic day Public day long text republic day Press enter Press enter again Select back (?) arrow Select holiday calendar e button Select create button Factory calendar ID IN Name India Holiday calendar ID