IC0497

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:

4 Reviews 4.5 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

Audience

Consultants
End users
IT/Business analysts
Project team members

Lesson Plan

Lesson	Description
Introduction & Overview
1	Intro & Overview
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
Summary
17	Other Steps to Consider
18	Summary
Appendix
19	PDF Slides

Instructor

4.5 Average Rating

46 Reviews

228 Students

5 Courses

Thomas Michael

SAP guru. Maker of Gin. Drummer. New Yorker. From Hamburg.

New York, NY, USA

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: