Lesson 1WIP and Settlement Processes: Executing WIP Calculation, Posting WIP to FI/CO, Settlement of Cost Collectors and Production OrdersLearn to calculate WIP and do settlements in SAP CO, including setup of WIP methods, running WIP calculation, posting to FI and CO, and settling cost collectors, internal orders, and 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 handles foreign currency valuation at month-end, including setup of valuation methods, running open item and balance valuation, posting logic, and review of P&L and balance sheet effects.
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 and assessments function in CO, comparing distribution and assessment cycles, setting up segments, using statistical key figures, and posting secondary cost elements with clear examples and reports.
Distribution vs. assessment conceptsDefining cycles, segments and sender rulesStatistical key figures: setup and useSecondary cost elements configurationRunning allocation and assessment cyclesAnalysing allocation results and reportsLesson 4Controls, Validations and Automated Checks: Document Flow Checks, Matching of GR/IR, Variance Thresholds and Exception ReportingExplore main month-end controls in SAP, like document flow checks, GR/IR matching, tolerance and variance settings, automated validations, and exception reporting to aid audit readiness and cut manual fixes.
Document flow and completeness checksGR/IR clearing and ageing 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 GLGet into the SAP depreciation run, covering asset master data needs, depreciation keys, useful life and areas, running AFAB, analysing log messages, and reconciling asset accounting with 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 CentresUnderstand accruals and deferrals in SAP, including recurring entries, manual accrual postings, prepaid expenses, and proper assignment to GL accounts, cost centres, and CO objects for accurate period-based reporting.
Accrual and deferral accounting basicsRecurring entry and accrual templatesManual accrual and reversal postingsPrepaid expense setup and amortisationAssignment to GL, cost centres 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 methods, focusing on reconciliation accounts, line-item and balance reports, root-cause analysis of differences, and using SAP tools like FAGLB03, KSB1, and COOIS for thorough checks.
Design of FI–CO reconciliation accountsLine-item and balance comparison logicUsing FAGLB03 for GL analysisUsing KSB1 for cost centre 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 and close processes, including setup of posting periods, special periods, authorisation controls, and best practices to stop back-dated or unauthorised postings during month-end closing.
Posting period variant configurationOpen and close posting periods in FIUse and control of special periodsAuthorisation 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 and recurring entries through depreciation, allocations, WIP, settlement, currency valuation, and final period close, for a controlled, auditable 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
