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Year-End Closing for SAP Asset Accounting
Rating: 4.6 out of 5(22 ratings)
115 students

Year-End Closing for SAP Asset Accounting

Learn step-by-step how to close the fiscal year in SAP's Asset Accounting.
Created byThomas Michael
Last updated 12/2022
English

What you'll learn

  • Understand the importance of a correct year-end closing in SAP Asset Accounting
  • Learn the 13 steps necessary to close the fiscal year
  • The 1 mistake people make when closing the year
  • How to re-open the fiscal year

Course content

3 sections • 18 lectures • 1h 17m total length

  • Introduction9:06
  • Best Practices10:48

    Develop a formal year end closing plan for asset accounting, detailing step by step tasks with timelines, responsibilities, dependencies, and test runs to coordinate with finance, controlling, and basis teams.

  • The #1 Mistake3:17
  • Quiz: The Basics

Requirements

  • Basic SAP skills

Description

The year-end closing process in SAP's Asset Accounting component is complex and complicated. If it is not done correctly, it can lead to severe problems, including but not limited to data inconsistencies, recalculation errors, and even possible data loss. This SAP asset accounting training course provides step-by-step details to ensure a smooth year-end closing. Additionally, you will learn how to re-open the year in case you need to make adjustment entries after the year has been closed.

The course is organized in 3 sections:

  1. Intro & Overview: Get an overview of the importance of a correct year-end closing process and learn the #1 mistake companies tend to make while closing the year in the Asset Accounting component.

  2. Detailed Closing Process: Follow this step-by-step process to understand the steps needed to close the year correctly. Each step includes screen shots and other details so you can easily follow them in your own SAP system.

  3. Summary: Get a quick summary of the course content and download the PDF slides for all lessons.

While this course does not require any specific prerequisites, you should have fundamental SAP skills already and be familiar with terms used in SAP's Asset Accounting area. This course is designed for SAP end users, IT/Business support analysts and SAP consultants.

Who this course is for:

  • SAP Consultants, End Users, Support Analysts

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