Financial Closing

Goals

• The Participants learn about the time frame and integration flow of the financial closing procedure and the relevant customizing activities involved.

Audience

• Project Leaders
• Participants wishing to gain an insight of Financial Closing activities.

Prerequisites

• AC010 Business Processes in Financial Accounting
• AC200 Accounting Customizing Fundamentals: General Ledger,...

• None

Course based on software release

• SAP ERP Central Component 6.0 with Enhancement Package 5

Content

• Month and year-end closing in Financial Accounting
• Balance Sheet and Profit and Loss
• Preparatory closing postings in Logistics and Financial Accounting
• Configuration of periodic closings in Financial Accounting
• Technical and organizational activities and documentary steps
• Monitoring closing operations using the Financial Closing Cockpit
• Inter-Company Reconciliation
• Financial Statement creation business processes

Notes

• Due to the wide variety of topics covered in this course, thorough accounting knowledge is required.
• Material valuation is covered in detail in course CA535 (Material Valuation).
• SAP Central Process Scheduling by Redwood (SAP CPS) in relation to the Financial Closing Cockpit is not part of this course.
• This course features a high level of individual participation. AC205 demonstrates business processes and offers exercises on the basis of the new general ledger (=> new G/L). The AC210 course is designed for those involved in the implementation of the new general ledger and the AC212 course for consultants supporting customers in the migration from the ‘classic’ to the ‘new’ general ledger.
• Please note that the course also takes into consideration the functions run on earlier releases.

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