SAP Training: 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.



In this course you will learn:

6  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 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
Summary
17 Other Steps to Consider
18 Summary
Appendix
19 PDF Slides



Instructor

Thomas Michael

4.6 Average Rating

56 Reviews

254 Students

5 Courses

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:
Re-Opening the Fiscal Year in SAP Asset Accounting

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Intro to SAP Fiori App Development

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SAP Fiori - End User

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Expert Guide to the Asset History Sheet report

  (4.7)



Student Feedback

4.5

Average Rating

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Reviews

Joshua Malone
Joshua Malone
Musashi Auto Parts-Michigan Inc.
6/10/2018

Course provides good detail and summary of the year end closing process along with common mistakes and mandatory steps.

Richard Frankhauser
Richard Frankhauser
Musashi Auto Parts-Michigan Inc.
5/22/2018

Stellar content and presentation. Fills in a lot of tribal knowledge GAPS in our process. Thank you for providing a working framework in which to manage this CRITICAL PATH PROCESS!

Lisa Berg
Lisa Berg
ME Global, Inc.
12/29/2017

Very good content and great tips

Manuel Heinold
Manuel Heinold
Harman Connected Services
12/27/2017

Lori Moriarty
Lori Moriarty
National DCP
12/13/2017




Level: Intermediate
Duration: 1.50 hours
Type:  Instructor-led
Delivery: Online, instructor-led
Release: ECC 6.0
S/4 HANA
Category: SAP Financials

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SAP Student testimonial
The training modules so far have been great! I have been whizzing through them and doing well on the quizzes. I`m loving SAP!
-Rose  G.
HR Manager/Consultant
Icon Information Consultants


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