Lesson 1WIP and settlement processes: executing WIP calculation, posting WIP to FI/CO, settlement of cost collectors and production ordersLearn how fi calculate WIP an perform settlements in SAP CO, including configuration of WIP methods, executing WIP calculation, posting to FI an CO, an settling cost collectors, internal orders, an production orders.
WIP concepts and valuation methodsConfiguring WIP calculation in COExecuting WIP calculation and analysisPosting WIP to FI and CO ledgersSettlement of internal and cost ordersSettlement of production orders to FILesson 2Month-end foreign currency valuation and translation: open items valuation, revaluation postings and impact on P&L and balance sheetLearn how SAP perform foreign currency valuation at month-end, including configuration of valuation methods, execution of open item an balance valuation, posting logic, an analysis of resulting P&L an balance sheet impacts.
Configuring valuation methods and areasOpen item and balance valuation logicExchange rate types and rate determinationValuation postings to P&L and balance sheetRevaluation reversals and adjustment runsReporting and audit trail for valuationLesson 3Allocations and assessments: distribution vs. assessment cycles, statistical key figures, secondary cost elements and posting examplesUnderstand how allocations an assessments work in CO, comparing distribution an assessment cycles, configuring segments, using statistical key figures, an posting secondary cost elements wid clear, traceable examples an reports.
Distribution vs. assessment conceptsDefining cycles, segments and sender rulesStatistical key figures: setup and useSecondary cost elements configurationRunning allocation and assessment cyclesAnalyzing allocation results and reportsLesson 4Controls, validations and automated checks: document flow checks, matching of GR/IR, variance thresholds and exception reportingExplore key month-end controls in SAP, including document flow checks, GR/IR matching, tolerance an variance settings, automated validations, an exception reporting dat support audit readiness an reduce manual corrections.
Document flow and completeness checksGR/IR clearing and aging analysisTolerance groups and variance thresholdsValidation and substitution in FI and COException reports and workflow alertsAudit evidence and control documentationLesson 5Depreciation run: asset master setup, depreciation keys, asset postings and reconciliation to GLDive into di SAP depreciation run, including asset master data requirements, depreciation keys, useful life an areas, executing AFAB, analyzing log messages, an reconciling asset accounting wid di general ledger balances.
Asset master data for depreciationDepreciation keys and useful life setupDepreciation areas and posting rulesExecuting AFAB and interpreting logsHandling errors and rerun strategiesReconciling AA with GL balancesLesson 6Accruals and deferrals: recurring accruals, manual accrual postings, prepaid expense accounting and posting to appropriate GL and cost centersUnderstand accruals an deferrals in SAP, including recurring entries, manual accrual postings, prepaid expenses, an correct assignment to GL accounts, cost centers, an CO objects to ensure accurate period-based financial reporting.
Accrual and deferral accounting basicsRecurring entry and accrual templatesManual accrual and reversal postingsPrepaid expense setup and amortizationAssignment to GL, cost centers and COReporting and audit of accrual balancesLesson 7Reconciliation techniques between FI and CO: GL-CO reconciliation accounts, line-item reports, GL account balancing, using SAP standard reconciliation reports (e.g., FAGLB03, KSB1, COOIS)Master FI–CO reconciliation techniques, focusing pon reconciliation accounts, line-item an balance reports, root-cause analysis of differences, an use of SAP standard tools such as FAGLB03, KSB1, an COOIS fi detailed checks.
Design of FI–CO reconciliation accountsLine-item and balance comparison logicUsing FAGLB03 for GL analysisUsing KSB1 for cost center checksUsing COOIS for order cost reviewTypical reconciliation issues and fixesLesson 8Period open/close procedures: period locking, special periods, and best practices to prevent back-dated postingsReview SAP period open an close procedures, including configuration of posting periods, special periods, authorization controls, an best practices to prevent back-dated or unauthorized postings during month-end closing.
Posting period variant configurationOpen and close posting periods in FIUse and control of special periodsAuthorization and posting controlsPreventing back-dated postingsMonitoring and troubleshooting locksLesson 9Sequenced month-end closing checklist: accruals/deferrals, month-end postings, depreciation run (AFAB), allocations and assessments, WIP, settlement, currency valuation, and period closingFollow a structured SAP month-end checklist, from accruals an recurring entries through depreciation, allocations, WIP, settlement, currency valuation, an final period close, ensuring a controlled, auditable closing sequence.
Pre-close activities and data validationAccruals, deferrals and recurring entriesRunning depreciation and asset postingsExecuting allocations, WIP and settlementForeign currency valuation and reviewFinal period close, sign-off and archiving
