What is the purpose of the Universal Journal in SAP S4HANA

SAP S/4HANA FICO integrates the FI and CO modules to ensure proper financial operation and reporting. This module processes real-time financial data in the Universal Journal, called ACDOCA, to allow consolidation of FI and CO data for effective reporting. Integration with SAP Fiori will be an upgrade in user experience and will result in a more modern, role-based UI with intuitive and effective financial management. SAP S/4HANA FICO will allow automated processing of accounts, improved transparency of financial figures, and further support for financial regulations across different international boundaries. The new features such as new asset accounting, bank accounting, and profit center accounting will therefore better aid improved decision-making capabilities. Online training in SAP S/4HANA FICO covers the fundamental knowledge of general ledger, accounts payable/receivable, cost element accounting, and financial reconciliation that equips the learner with industry-relevant skills. The professionals trained on SAP FICO can seek job opportunities as SAP Consultants, Financial Analysts, or SAP Functional Experts.
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