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Former Member

FI Year end activities - Step by step - Urgent

Hi Guru,

Please forward the year end closing activities.If possible give step by step details with t-code also.Thanks in Advance.

my email id is

keetu@aol.in

pls send soon since it is very urgent

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  • author's profile photo Former Member
    Former Member
    Posted on Mar 31, 2008 at 06:51 AM

    Please find the list of year ending activities for FI and CO as below:

    CLOSING ACTIVITIES

    1 Execute Report for Inter Company Activity & Journal Entries

    2 Open posting period for next yr (T.Code: OB52)

    3 Run Business Area's Assignment report. (T.Code: F.50)

    4 Review list of recurring journal entries (T.Code: FBD3)

    5 Execute Recurring Entries for A/R, A/P, G/L (T. Code: F.14)

    6 Process Parked A/R, A/P, G/L accounting documents (T.Code: FBV0)

    7 Final Cutoff for the Maintenance of Fixed Asset- Add Transfer and Retire (T.Code: ABUMN)

    8 Run Depreciation in Test Run and post (T.Code: AFAB)

    9 Verify Display Log for Depreciation Test Run (T.Code: AFBP)

    10 Capitalize AUC Assets if needed (T.Code: AIAB, AIBU)

    11 Enter Payroll Data to SAP (T.Code: CAT2)

    12 Verify Depreciation Balances with GL balances (T.Code: ABST2)

    13 Post Depreciation (T.Code: AFAB)

    14 Execute Asset History Report, and retire assets if needed (T.Code: S_ALR_87011963, ABAVN)

    15 Adjust specific depreciation areas if necessary (T.Code: ABCO)

    16 Reconcile AM sub ledger with GL (T.Code: ABST2)

    17 Check Bank Data (T.Code: S_P99_41000212)

    18 Review AR Open Items (T.Code: FBL5N)

    19 Review AP Open Items (FBL1N)

    20 Execute Pending Invoices(T.Code: MRBP)

    21 Clear Open Item for GRIR, freight (T.Code: F.13)

    22 Reconciliation of Financial Documents and transactional figures (F.03)

    23 Open new CO Posting Period: (T.Code: OKP1)

    24 Compare current (cost estimates) with last current price (Moving Avg) (T.Code: OKBH)

    25 Update current cost price to material master price field (T.Code: CK11N, CK24)

    26 Process Freight charges, Match SD freight to actual (T.Code: V-31)

    27 Review Internal Order Postings(T.Code: OKSA)

    28 Settle All Orders (T.Code: KO88)

    29 Verify All Post Goods Issue have been Invoiced (Billing Due List) (T.Code: VF04)

    30 Review SD Billing Doc from prior month that have not yet been released to accounting (T.Code: F.2D)

    31 Reconciliation of MM movements in Transit Intra-SAP to Non SAP

    32 Reconcile PI Inventory with SAP (T.Code: MI07)

    33 Perform Manual Adjustment if needed (T.Code: F-02, FB50)

    34 Verify balance of the GR/IR account (T.Code: MB5S)

    35 Post Accruals and Deferrals (T.Code: FBS1)

    36 Clearing of Cancelled Documents (T.Code: F-03, F-32, F-44)

    37 Check Profitability Segment Adjustment (T.Code: KISR)

    38 Aging Report-Reconcile GL balances with sub ledger balances AP (T.code: FBL1N, FBL5N, FBL3N)

    39 Check the check run numbers (T.Code: FCH1, FCHI)

    40 Bank reconciliation Data (T.Code: FF67 & FEBA)

    41 Enter Tax Journal Entry (T.Code: FB41)

    42 Reconcile GL balances with sub ledger balances AR/MM/AP (T.Code: F.03)

    43 Display Balance Sheet Adjustments (T.Code: F.5F)

    44 Post Balance Sheet Adjustments (T.Code: F.5E)

    45 Post Foreign Currency Valuation (foreign exchange) (T.Code: F.05)

    46 Check generic cost centers for posting with wrong accounts

    47 Correct wrong postings on generic cost centers

    48 Check Validation dates for Cost Centers, Cost Elements, CO area (T.Code: GGB0)

    49 Check COGI--for both month end and year end

    50 Doubtful receivables (T.Code: F104)

    51 Verify In-transit Inventory

    52 Reconcile PA to G/L (T.Code: KE5U)

    53 Post Cost Center Assessments and Distributions (T.Code: KSU5 & KSV5)

    54 Run CO-FI Reconciliation to balance (T.Code: KALC)

    55 Run BW reports P&L and Balance Sheet

    56 Maintain CO yr variant (T.Code: KCRQ)

    57 Fiscal Yr Balance carry forward AP/AR/AM (T.Code: F.07,

    58 Fiscal Yr Balance carry forward CO (T.Code: CXS1)

    59 Fiscal Yr balance carry forward FI (T.Code: F.16)

    60 Fiscal Yr balance carry forward PCA (T.Code: 2KES)

    61 Set Document number ranges - FI - new year (T.Code: OBH2, OBA7)

    62 Set Document number ranges AP/AR - new year (OBA7)

    63 Generate Financial statement Reports (T.Code:OB58) OR (T.Code: FSE2)

    64 Change Fiscal Year For Assets (T.Code: AJRW)

    65 Year end Closing-- Asset Accounting--final for year end (T.Code: AJAB)

    66 Close CO Posting Period : (T.Code: OKP1)

    67 Close Prior A/R Posting Period (T.Code: OB52)

    68 Close Prior A/P Posting Period (T.Code: OB52)

    69 Close Prior MM Posting Period (T.Code: OMSY)

    70 Reverse accruals and deferrals for the new month (T.Code: F.81)

    71 Reconciliation of Financial Documents from old fiscal year and new fiscal year (T.Code: FNSL)

    72 Load Balances, Budget Data for Cost centers, sales

    73 Update Retained Earning Account , balance carry fwd (T.Code: F.16)

    thanks

    sejal

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