To produce additional financial statements according to Local GAAP (Generally Accepted Accounting Principles) requirements in SAP S/4HANA Cloud Public Edition, you would usethe 'Ledger Group' dimension in reporting. The ledger group allows for the maintenance of different ledgers that can represent various accounting principles, such as local GAAP, IFRS, or US GAAP. By using different ledger groups, you can segregate transactions and run reports that comply with different accounting standards, thereby facilitating the creation of financial statements according to specific regulatory requirements.

References:

• SAP S/4HANA Cloud Financials documentation
• SAP Help Portal on financial reporting and ledger management

Posting to a general ledger account in SAP S/4HANA Cloud Public Edition can be blocked on the levels of the 'Company Code' and the 'Chart of Accounts'. Blocking an account atthe Company Code level prevents postings to that account within the specific company code, whereas blocking it at the Chart of Accounts level prevents postings across all company codes that use the same chart of accounts. This functionality is essential for maintaining control over financial transactions and ensuring the integrity of the accounts.

References:

• SAP S/4HANA Cloud Financial Accounting configuration guides
• SAP Help Portal on managing general ledger accounts

During Fit-to-Standard workshops, an implementation consultant supports customer experts by highlighting areas that require configuration or customization decisions and by demonstrating SAP Best Practice business processes in the starter system. These activities are crucial for identifying gaps between the standard SAP solutions and the customer's business requirements. By highlighting areas that may need adjustment, the consultant facilitates informed decision-making about potential customizations or configurations. Demonstrating best practice processes helps customers understand how standard workflows can be leveraged and where their business practices need to adapt to optimize the use of the SAP system.

References:

• SAP S/4HANA Cloud implementation methodologies
• Best practices for conducting Fit-to-Standard workshops