This video provides a practical guide focusing on the basic configuration required for setting up Profitability Analysis (COPA) in SAP S/4HANA. The presenter provides a hands-on demonstration, covering both account-based and costing-based COPA configurations.

Key points covered in the video include:

1. Creating an Operating Concern: The first step in configuring COPA is to create an operating concern, which is the topmost hierarchy in the controlling module. The video demonstrates how to create and maintain an operating concern in SAP S/4HANA.
2. Assigning Characteristics and Value Fields: For costing-based COPA, it’s necessary to assign characteristics and value fields to the operating concern. The presenter shows how to select and assign these elements.
3. Activating Profitability Analysis: After setting up the operating concern, the next step is to activate profitability analysis. This step involves linking the operating concern with the controlling area and enabling the flow of data from various modules to COPA.
4. Defining Currencies and Fiscal Variants: The video explains how to define the currencies and fiscal variants for the operating concern, aligning them with the controlling area for consistency in reporting.
5. Creating Extension Ledger for Predictive Accounting: An extension ledger is created for predictive accounting in COPA, which helps in forecasting future sales figures and financial transactions.
6. Assigning Versions to Operating Concern: Versions, such as plan versions or actual versions, are assigned to the operating concern to manage different types of data in COPA.
7. Number Ranges for COPA Postings: The presenter discusses the importance of defining number ranges for actual postings in COPA, ensuring proper document numbering for transactions.