on 05-04-2009 6:41 AM
Hello Experts,
Period closing activities are also performed in Controlling. This is dependent on certain prerequisites.
Could you please list the MINIMUM criteria before it makes sense to carry out period closing?
ok
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Hi Hussein,
Pls find the Period-End Activities in Controlling Module and their dependency...
PERIOD-END ACTIVITIES IN CONTROLLING MODULE
1 Marking allowance and release for next posting period
Transaction : CK40N/CK24
Dependency : MM & FI period are open for the next month
2 Correction entries for Costs Centre
Transaction : KB61N
Dependency : Completion of FI activities on P&L side
3 Actual SKF Maintenance -
Transaction : KB31N
Dependency : None
Periodicity : Monthly
4 Periodic Reposting of Internal Orders -
Transaction : KSW5
Dependency : After completion of all Inventory Transactions concerning Consumables Issues
5 Cost Distribution Cycle run in Cost Centre Accounting -
Transaction : KSV5
Dependency : Cost reposting, Quality Internal order settlement, Actual SKF entry.
6 Cost Assessment Cycle run in Cost Centre Accounting -
Transaction : KSU5
Dependency : Cost reposting, Quality Internal order settlement, Actual SKF entry.
7 Settlement of Investment Orders to Fixed Assets
Transaction : KO8G
Dependency : All Financial Accounting & Purchasing entries concerning Fixed Assets
8 Cost Splitting among Activity Types in Cost Centre Accounting -
Transaction : KSS2
Dependency : Cost reposting, Actual SKF entry, Cost Centre Distribution, Cost Centre Assessment.
9 Activity Price Calculation in Cost Centre Accounting -
Transaction : KSII
Dependency : Cost reposting, Actual SKF entry, Cost Centre Distribution, Cost Centre Assessment & Activity Cost Splitting.
10 Calculate % Overhead rates -
Transaction : None (External to SAP)
Path : None
Dependency : Cost reposting.
11 Apply % Overhead rates -
Transaction : S_ALR_87008275 (Has to be executed in 100 and transported to 300)
Dependency : % Overhead calculation
12 Revaluation of Activities with Actual prices -
Transaction : CON2
Dependency : Actual Activity Price Calculation
13 Overhead Run on Production Orders -
Transaction : CO43
Dependency : Actual Overhead % Calculation & Revaluation of Activities with Actual Prices
14 WIP Calculation on Production Orders -
Transaction : KKAO
Dependency : Closure of all Production Order confirmations and goods movements.
15 Variance Calculation on Production Orders -
Transaction : KKS1
Dependency : WIP Calculation on Production Orders
16 Settlement of Production Orders -
Transaction : CO88
Dependency : Variance Calculation on Production Orders
17 Close FI Posting Period
Transaction : OB52
Dependency : Settlement of Production Orders has been carried out.
18 Result Analysis on Sales Orders
Transaction : KKAK
Dependency : Variance Calculation on Production Orders
19 Settlement of Sales Orders
Transaction : VA88
Dependency : Result Analysis on Sales Orders
20 CCA u2013 PA Assessment -
Transaction : KEU5
Dependency : Cost Centre Assessment.
Suitable pts appreciated...
Srikanth Munnaluri
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
HI,
Pls find the year closing activities for FI and CO both.
1 Execute Report for InterCompany Activity & Journal Entries
2 Open posting period for next yr
3 Run Business Area's Assignment report.
4 Review list of recurring journal entries
5 Execute Recurring Entries for A/R, A/P, G/L
6 Process Parked A/R, A/P, G/L accounting documents
7 Final Cutoff for the Maintenance of Fixed Asset- Add Transfer and Retire
8 Run Depreciation in Test Run and post
9 Verify Display Log for Depreciation Test Run
10 Capitalize AUC Assets if needed
11 Enter Payroll Data to SAP
12 Verify Depreciation Balances with GL balances
13 Post Depreciation
14 Execute Asset History Report, and retire assets if needed
15 Adjust specific depreciation areas if necessary
16 Reconcile AM subledger with GL
17 Check Bank Data
18 Review AR Open Items
19 Review AP Open Items
20 Execute Pending Invoices
21 Clear Open Item for GRIR, freight
22 Reconciliation of Financial Documents and transactional figures
23 Open new CO Posting Period
24 Compare current (cost estimates) with last current price (Moving Avg)
25 Update current cost price to material master price field.
26 Process Freight charges, Match SD freight to actual
27 Review Internal Order Postings
28 Settle All Orders
29 Verify All Post Goods Issue have been Invoiced (Billing Due List)
30 Review SD Billng Doc from prior mth that have not yet been released to accounting
31 Reconciliation of MM movements in Transit Intra-SAP to NonSAP
32 Reconcile PI Inventory with SAP
33 Perform Manual Adjustment if needed
34 Verify balance of the GR/IR account
35 Post Accruals and Deferrals
36 Clearing of Cancelled Documents
37 Check Profitability Segment Adjustment
38 Aging Report-Reconcile GL balances with subledger balances AP
39 Check the check run numbers
40 Bank reconciliation Data
41 Enter Tax Journal Entry
42 Reconcile GL balances with subledger balances AR/MM/AP
43 Display Balance Sheet Adjustments
44 Post Balance Sheet Adjustments
45 Post Foreign Currency Valuation (foreign exchange)
46 Check generic cost centers for posting with wrong accounts
47 Correct wrong postings on generic cost centers
48 Check Validation dates for Cost Centers, Cost Elements, CO area
49 Check COGI--for both month end and year end
50 Doubtful receiviables
51 Verify In-transist Inventory
52 Reconcile PA to G/L
53 Post Cost Centre Assessments and Distributions
54 Run CO-FI Reconciliation to balance
55 Run BW reports P&L and Balance Sheet
56 Maintain CO yr variant
57 Fiscal Yr Balance carryforward AP/AR/AM
58 Fiscal Yr Balance carryforward CO
59 Fiscal Yr balance carryforward FI
60 Fiscal Yr balance carryforward PCA
61 Set Document number ranges - FI - new year
62 Set Document number ranges AP/AR - new year
63 Generate Financial statement Reports
64 Change Fiscal Year For Assets
65 Year end Closing-- Asset Accounting--final for year end
66 Close CO Posting Period
67 Close Prior A/R Posting Period
68 Close Prior A/P Posting Period
69 Close Prior MM Posting Period
70 Reverse accruals and deferrals for the new month
71 Reconciliation of Financial Documents from old fiscal year and new fiscal year
72 Load Balances, Budget Data for Cost centers, sales
73 Update Retained Earning Account , balance carry fwd
Regards,
Kiran
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
User | Count |
---|---|
97 | |
10 | |
10 | |
6 | |
3 | |
3 | |
3 | |
3 | |
3 | |
3 |
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.