Lesson 1WIP and settlement processes: executing WIP calculation, posting WIP to FI/CO, settlement of cost collectors and production ordersLearn to count WIP and do settles in SAP CO, with setup of WIP ways, doing WIP count, post to FI and CO, settle cost gathers, inside orders, make orders for accurate closes.
WIP ideas and value waysSetting WIP count in CODoing WIP count and checkPost WIP to FI and CO booksSettle inside and cost ordersSettle make 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 does outside money value at month-end, with setup of value ways, doing open thing and balance value, post sense, check of P&L and balance hits.
Setting value ways and areasOpen thing and balance value senseMoney rate types and rate pickValue posts to P&L and balanceRevalue turns and adjust runsReport and check path for valueLesson 3Allocations and assessments: distribution vs. assessment cycles, statistical key figures, secondary cost elements and posting examplesKnow how shares and checks work in CO, comparing spread and check circles, setting parts, using stat key figures, post side cost parts with clear, track samples and reports.
Spread vs check ideasSetting circles, parts and sender rulesStat key figures setup and useSide cost parts setupRun share and check circlesCheck share results and reportsLesson 4Controls, validations and automated checks: document flow checks, matching of GR/IR, variance thresholds and exception reportingLook at key month-end controls in SAP, like paper flow checks, GR/IR match, allow and diff sets, auto checks, exception reports that help check ready and cut hand fixes.
Paper flow and full checksGR/IR clear and age checkAllow groups and diff limitsCheck and swap in FI and COException reports and work alertsCheck proof and control papersLesson 5Depreciation run: asset master setup, depreciation keys, asset postings and reconciliation to GLGo deep into SAP wear run, with asset main data needs, wear keys, useful time and areas, doing AFAB, check log words, match asset counting with general book balances.
Asset main data for wearWear keys and useful time setupWear areas and post rulesDoing AFAB and read logsHandle errors and re-run waysMatch AA with GL balancesLesson 6Accruals and deferrals: recurring accruals, manual accrual postings, prepaid expense accounting and posting to appropriate GL and cost centersKnow builds up and puts off in SAP, with repeat posts, hand build posts, pre-pay spends, right link to GL accounts, cost centers, CO things for true time-based money reports.
Build up and put off counting basicsRepeat post and build samplesHand build and turn postsPre-pay spend setup and spreadLink to GL, cost centers and COReport and check of build 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 match ways, key on match accounts, line-thing and balance reports, root cause check of diffs, use SAP tools like FAGLB03, KSB1, COOIS for close checks.
Make of FI-CO match accountsLine-thing and balance compare senseUse FAGLB03 for GL checkUse KSB1 for cost center checksUse COOIS for order cost lookUsual match problems and fixesLesson 8Period open/close procedures: period locking, special periods, and best practices to prevent back-dated postingsCheck SAP time open and close ways, with setup of post times, special times, power controls, best ways to stop old or no-power posts in month-end close.
Post time change setupOpen and close post times in FIUse and control of special timesPower and post controlsStop old postsWatch and fix locksLesson 9Sequenced month-end closing checklist: accruals/deferrals, month-end postings, depreciation run (AFAB), allocations and assessments, WIP, settlement, currency valuation, and period closingFollow ordered SAP month-end list, from builds up and repeat posts through wear, shares, WIP, settle, money value, last time close, making sure controlled, checkable close order.
Pre-close jobs and data checkBuilds up, puts off and repeat postsRun wear and asset postsDo shares, WIP and settleOutside money value and lookLast time close, sign and keep
