Emiliyan Tanev

Hello, My name is Emiliyan Tanev. I am SAP BPC Certified Application Associate with a good process understanding of FICO. I am also an experienced accountant and financial controller with 5+ years of diversified responsibilities. I am also a member of Management Accounting Body in the UK - CIMA and CGMA in the US. I love IT and Finance which impacted my career orientation towards SAP FICO and BPC. Follow me and get the latest tips, tricks, tutorials and career guides related to SAP BPC. More about me on My Story.

Real-Time Business with SAP – What’s that?

Real-Time Business - Internet of Things

Perhaps you are one of the many who are constantly hearing the messages from SAP regarding Real-Time Business applications. Usually those statements are connected with their newest flagship product – SAP HANA. It is really hard to change our mind and become open to this new opportunity. We think it is normal to change our scheduled plans only with the help of manually executed transactions or with the help of scheduled background jobs on predefined period. It is not so easy to get out of this old thinking and imagine the new possibilities. Usually you are making materials resource planning based …

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About SAP Simple Finance, sERP, ByDesign and All in One

There is no doubt SAP HANA is a future, not just a hype as it was before. One and half years ago, most of the SAP Business Suite Consultants were just advising that it is not necessary and not feasible to migrate to it in the near future. This was changed dramatically in the last six months. Now many big companies are in process of consideration moving their core business apps to HANA and many of the rest will follow. Many are either in prototyping or they already implemented less critical business processes on Business Suite powered by SAP …

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Create Dummy Profit Center | KE59

SAP FICO Configuration - Create Dummy Profit Center

Dummy profit is necessary for all those postings which do not have defined profit center in it. Creation of regular profit center is done by another end-user transaction. Transaction: KE59 IMG Path: Financial Accounting (New) -> General Ledger (New) -> Master Data -> Profit Center -> Create Dummy Profit Center Table: CEPC   When you execute this transaction through IMG menu, you will get following screen. Choose your Controlling Area.   Fill the name of your dummy profit center and hit “Basic Data”. You have to also choose a Segment for that dummy profit center. …

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Create Profit Center | KE51

SAP Create Profit Center

After we created and assigned our profit center standard have standard profit center hierarchy it is now time to create our first profit center. In this case I am going to use as dummy (default) profit center in case no other assignments exists for the particular transaction. Transaction: KE51 Menu Path: Accounting -> Financial Accounting -> General Ledger -> Master Records -> Profit Center -> Individual Processing -> Create Table: CEPC     When you open the transaction, write your short identification and then hit enter.   Fill the necessary fields in Basic Data ‘Tab”.   You could …

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Define Profit Center Standard Hierarchy in Controlling Area | S_E38_98000135

SAP FICO Configuration - Define Profit Group in CO Area

In this activity you are assigning the profit center standard hierarchy already created to the Controlling Area. If it is not created, the system will created for you. You should know that once entered, the profit center hierarchy could not be changed if you have transactional data. If you still do not have transactional data, then you should remove all assignments to this hierarchy. Transaction Code: S_E38_98000135 IMG Path: Financial Accounting (New) -> General Ledger Accounting (New) -> Master Data -> Profit Center -> Define Profit Center Standard Hierarchy in Controlling Area Table: TKA01     After opening the transaction, find your …

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