AC205 - Individual Account Closing

Course Version: 062

Duration: 4 days

Delivery Type

• Instructor-led Classroom

Audience

• Project team
• Consultants
• People responsible for applications

Prerequisites:

Essential

• AC010 Business Processes in Financial Accounting
• AC200 Accounting Customizing I: General Ledger, Accounts Payable,
• Accounts Receivable

Recommended

• None

Goals

• Participants learn about the time frame and integration flow of the creation of periodic closings in Financial Accounting.
• They learn the necessary system settings for the creation of individual account closings in the SAP system.

Course Based on Software Release

• ERP ECC 6.0

Content

• Month and year-end closing in Financial Accounting
• Balance sheet and P&L
• Preparatory closing postings in Human Capital Management, logistics, and Financial Accounting
• Technical and organizational activities and documentary steps
• Monitoring closing operations
• Configuration of periodic closings in Financial Accounting
• Implementation and monitoring of closing, using the closing cockpit
• Brief look at the new general ledger

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).
• This course is based on the classic general ledger. If you want to gain an overview of the businesses processes in the new general ledger, attend the overview course AC050 (Financial and Management Accounting with the New General Ledger). You can learn about the Customizing for the new general ledger in AD210.
• The functions of the following SAP releases are also covered in this course: R/3 4.6, R/3 Enterprise Ext. 1.10/ 2.00, SAP ERP Central Component 5.0.