Belajar SAP

November 10, 2009

Closing Activities

Filed under: FI I Part 2 — coretaja @ 5:58 am

This lesson explain about integrated process of both month-end and year-end closing.

Pre Closing activities that begin in the old month include :

  • Technical : Open new accounting period (FI)
  • FI : Enter accrueal / deferral, process recurring entries and bad debt expense in AR, post depreciation and interest expense in asset accounting
  • Technical : Close sub ledger (FI) preliminary close of G/L

Closing activities for external purposes include :

  • Foreign currency valuations and financial statement adjustments
  • Final closing of the old period
  • Creating external and internal reports

Year end closing process, are performed in addition to the regular month-end closing process for the final period of the fiscal year.

Pre-closing activities that begin in the old month include :

  • Technical : Open the first accounting period of the new fiscal year
  • Balance Confirmation for customer / vendor
  • Fiscal year change and balance carry forward

Closing activities for external purposes :

  • GR/IR clearing account analysis, receivables and payables reclassification, reconciliation of prior year to new year and other adjustment postings
  • Final Closing of the old period
  • Creating external and internal reports

 

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: