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:

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

Prerequisites

Prerequisites

  • Basic SAP skills
  • A general understanding of SAP Asset Accounting


Instructor

Thomas Michael

4.6 Average Rating

31 Reviews

170 Students

5 Courses

Thomas Michael

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. I coach and mentor other SAP consultants that want to grow their business - please contact me if you would like to be considered for the next available coaching spot.



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Student Feedback

4.5

Average Rating

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Reviews

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

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SAP Student testimonial
This was a great course! Easy to follow and a great learning tool.
-Bob  W.
Operating Officer
Drink Blocks



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