SAP FICO S/4HANA Periodic-End Closing activities (Month-end)

Name: SAP FICO S/4HANA Periodic-End Closing activities (Month-end)
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Your Practical Guide for SAP FICO/S4HANA FINANCE Month-End Activities

Last updated 8/2020

English

English [Auto],

What you'll learn

6 sections • 7 lectures • 2h 13m total length

Introduction2:41
Explore month-end period-end closing activities in SAP FICO S/4HANA, covering opening and closing in finance controlling, asset accounting depreciation postings, cost module work in process, variances, settlements, and profitability allocations.

Accrual, Deferrals10:38
Learn how accruals and deferrals affect month-end postings in SAP FICO S/4HANA, including recording a July expense with August payment, posting and reversing entries, and setting reversal reasons.
Depreciation Execution4:09
Execute depreciation postings in asset accounting each month, posting depreciation to asset accounts linked to cost centers, using IFRS, with background jobs checked via AM37.

SAP Periodic Activities-Month-end

Open and Close Periods in Finance(FI)
Open and Close period in Controlling(CO)
Open and Close in Material Management(MM)
Accrual, Deferral,Depreciation Postings in Finance
Cost Account Allocation(Re-posting, Accrual Calculation, Actual Overhead, Assessment, Distribution) in Cost Center Accounting
Costing Sheet
Internal Order Management, Difference between real order and Statistical order
Order types, Settlement Profile, Settlement rules, Result Analysis Calculation.
Settlement of Internal Orders
Product Costing/Cost Object Controlling: Product Cost by Period, Product Cost by Order, Product Cost by Sales Order: WIP (Work In Progress), Result Analysis(RA), Variances Calculation and Settlement for Product Cost Collectors, PP-Order, CO-Order and Sales Order.