Year-End Closing in SAP Asset Accounting
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.

14  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

Audience

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

Exam/Certificate


Lesson Plan

2
Best Practices
3
The #1 Mistake

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

Instructor

Thomas Michael

4.7 Average Rating

269 Reviews

1013 Students

6 Courses

Thomas Michael

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

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:

SAP Fiori - End User
SAP Fiori - End User

This SAP Fiori - End User course explains SAP's new user interface, Fiori, as part of the SAP S/4 HANA system. Le...

4.8

Average Rating

Intro to SAP Fiori App Development
Intro to SAP Fiori App Development

This introductory course will teach you your first steps in Fiori App development. Learn how to use the Web IDE devel...

4.7

Average Rating

Expert Guide to the Asset History Sheet report
Expert Guide to the Asset History Sheet report

The Asset History Sheet report is the most powerful report available in SAP's Asset Accounting component. However...

4.7

Average Rating

View All Courses

Student Feedback

4.7

Average Rating

Reviews

Annual Subscription to All Courses
$1599

Or subscribe to this course for

$89


Training 5 or more people?

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

SAP Training for Businesses

Language: English
Level: Intermediate
Duration: 1.5 hours
Type:  Instructor-led
Release: ECC 6.0
S/4 HANA
Category: SAP Financials

SAP students

833

student views.
Join them!


Related Courses