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Discover how financial reporting structures in SAP S/4HANA Finance work and why they matter. In this video, we break down the key elements of reporting in SAP S/4HANA, showing how financial accounting and controlling come together in the Universal Journal to create one source of truth. You’ll learn about: Ledgers in SAP S/4HANA: How standard, parallel, and extension ledgers support both legal and management reporting. Universal parallel accounting: Expanding ledger use across financial accounting, asset accounting, controlling, and the material ledger. Legal vs. management valuations: Using multiple ledgers to meet different accounting principles and management views. Currencies in the Universal Journal: Why each journal entry can hold up to ten currencies for consistent global reporting. General ledger accounts: How they remain central for postings, contribution margin reporting, and financial transparency. By the end, you’ll see how SAP S/4HANA’s Universal Journal eliminates reconciliation, increases transparency, and provides flexible tools for both statutory compliance and management insights. Check out our book on financial reporting here: https://www.sap-press.com/financial-r... #SAP #SAPS4HANA #SAPFinance #FinancialReporting 🔗 Stay up to date with SAP knowledge from SAP PRESS! SAP PRESS, a collaboration between SAP and Rheinwerk Publishing, delivers in-depth resources for technical and business SAP topics. Our authors are industry leaders, providing insights to help you make better decisions and enhance the success of your SAP projects. 📚 Learn more: https://www.sap-press.com 👍 If you found this video helpful, give it a thumbs up and subscribe to our channel for more SAP insights!