This presentation introduces SAP’s new approach to cost accounting with “Universal Parallel Accounting.” It explains the reasons for the transition, the supported business processes, and the new features planned for future releases.
Key aspects:
- What’s different with Universal Parallel Accounting, why SAP changed its approach, and who can benefit from it
- Key cost accounting processes, including Overhead Calculation, WIP Calculation, Variance Calculation, Template Allocation, and Settlement
- Innovations planned for Release 2025, including WIP for refurbishment orders, event-based settlement of assets under construction, and enhanced WIP and variance calculation for product cost collectors with assigned production orders
Author: Janet Salmon/ released in June 2026
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