Year-End Closing in SAP Asset Accounting

Closing the fiscal year in SAP's Asset Accounting component is no trivial task. If done incorrectly, it can lead to serious data inconsistencies, recalculation errors or even data loss. This 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.

In this course you will learn:

12  Reviews    4.7 of 5.0

Course Goal

  • Understand the importance of a proper year end closing in 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


  • Consultants
  • End users
  • IT/Business analysts
  • Project team members

Lesson Plan

Lesson Description Preview
Introduction & Overview
1 Intro & Overview Preview
2 Best Practices
3 The #1 Mistake
The Year-End Closing Process
4 Step 1 - Recalculate values
5 Step 2 - Incomplete assets
6 Step 3 - Unposted assets
7 Step 4 - Delete assets
8 Step 5 - Insurance index
9 Step 6 - Calendar assignments
10 Step 7 - Depreciation
11 Step 8 - Reconciliation
12 Step 9 - Year-end Change
13 Step 10 - Year-end Close
14 Step 11 - Reporting
15 Step 12 - Re-Open the Year
16 Step 13 - Update Support Systems
17 Other Steps to Consider
18 Summary
19 PDF Slides


Thomas Michael

4.7 Average Rating

246 Reviews

898 Students

6 Courses

Top Instructor with 6 live courses
Top Rated Courses

SAP training guru. Maker of Gin. Decent drummer. New Yorker. From Hamburg.

New York, NY, US

Expert SAP consultant with 20+ years of hands-on consulting for mainly Fortune 1000 clients around the world. Published author and sought-after speaker at national SAP conferences. I constantly learn new SAP functionality and enjoy sharing my SAP expertise within the community. Also, I coach and mentor other SAP consultants that want to grow their business.

More Courses by Thomas Michael:
Installing the SAP GUI


SAP Fiori - End User


Re-Opening the Fiscal Year in SAP Asset Accounting


Expert Guide to the Asset History Sheet report


Intro to SAP Fiori App Development


Annual Subscription to All Courses


Or subscribe to this individual course for

Student Feedback


Average Rating







Annual Subscription to All Courses


Or subscribe to this individual course for

Language: English
Level: Intermediate
Duration: 1.5 hours
Type:  Instructor-led
Delivery: Online, instructor-led
Release: ECC 6.0
Category: SAP Financials

Share this course with a friend

SAP students


student views.
Join them!

SAP Student testimonial
Easy and convenient training. Train on my own time, reps. are very educated, encouraging and helpful.
-Anora Marge  M.
Accounts Payable Team Member
Diversicare Canada Management Services Co. Inc

Training 5 or more people?

Unlimited access for your entire SAP team including admin platform and premium reporting.

SAP Training for Businesses