SAP Training: Year-End Closing in SAP Asset Accounting

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

229 Reviews

817 Students

6 Courses


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


Intro to SAP Fiori App Development


Expert Guide to the Asset History Sheet report


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

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I really do like these training classes. Your company does a great job.
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Armstrong Energy

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