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AC205: Financial Closing

 

COURSE OBJECTIVES

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

 

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Dates

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TARGET AUDIENCE

  • Application Consultant
  • Project Manager
  • IT Support
  • Power Users

PREREQUISITES

Essential

  • AC010 Business Processes In Financial Accounting, or
  • AC010E Business Processes In Financial Accounting (online) or
  • AC200 Financial Accounting, Customizing I

Recommended

  • None
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 new General Ledger Accounting.
  • The functions of previous SAP releases, like R/3 4.6, R/3 Enterprise, or ECC5.0 are also covered in this course.

Course based on software release

  • SAP ERP 6.0 with Enhancement Package 7
Course Outline
  • Month and year-end closing in Financial Accounting
  • Financial statements and profit and loss statements
  • Preparatory closing postings in Logistics and Financial Accounting
  • Configuration of periodic closing activities 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
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