FI CO Closing Step

8/20/2019 FI CO Closing Step

1/32

Closing Process Ste

T Code /

1 Inventory Revaluation

MR22

2 Physical Inventory Dierences-Post ! ater Physical counting

MI"# -

$

M%22& -

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(+",) -

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#

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MM/SD/)I Month %nd Closin

Module Sr &o Process Description

MM Logistics > MatManagement >Change in MateChange Materia

MM

Logistics > MatManagement >Inventory > Diff

( MI"1 MI"' 3

MM P0 Closure Logistics > MatManagement >Purchase Order

SD Chec4 illing Due +ist or the last days in the 5onth * *Logistics > Distri!ution > "iDocument > PrDue List

SD 6eneral chec4 o SD billing lo7s o 6oods Issues 7ithoutinvoices

Information ysRe$ort electioDistri!ution >hDelivery Monito

)I 6eneral account 5anual )I postings

Payroll Running o payroll interace &0& ST8&D8


2/32

.

9

1"

:%8T

11 0pen ne;t MM Period

12

1$

:0.6

1'

:0.6

1*

8)8

1,

0".

)S1

SD Release SD billing to 8ccounting Logistics > aleDistri!ution > "iDocument > "loDocs

)I-C0-SD %nsure Return sale order -credit 5e5o and transer postingtally

:%2'/M*1

C0P8 Reconciliation bet7een C0/)I/SD &ccounting > CProfita!ility &nal &nalye Value

MM MMP( LogisticManagementsMaster > Other

)I 0pen )I Posting Periods

0*2 &ccounti &ccounting+> #+> ,nvironmentettings +> -&O$en and ClosPeriods

C0/IM Settle5ent o Invest5ent 0rders to 8 CInternal OrdersClosing > inglettlement > 5Processing

C0/IM Settle5ent o Invest5ent 0rders to )i;ed 8ssets &ccounting +> IManagement +>Orders +>Period>ingle )unctioettlement > 5Collective Proc

)I Depreciation Run

+&ccounting +> &ccounting+> )iPeriodic ProcesDe$reciation Ru,6ecute

)I Maintain %;change Rates

&ccounting +> ) &ccounting+> #+> ,nvironmentettings +> -"+ ,nter 'ranslati,6change Rate


3/32

1#

1.

)1'

19

).1

2"

21 Revaluation o )oreign Currency alances and 0pen Ite5s

Cost Controlling Closi

"

Maintenance 0rder Po

1 C0-Cost 8llocation 8ssess5ent

)I Post 8ccrual / Deerral %ntries &ccounting +> ) &ccounting+> #+> Periodic ProClosing +> Valu,nter &ccrual9D

)I Post Recurring %ntries &ccounting +> ) &ccounting+> #+> Periodic ProRecurring ,ntri,6ecute

)I Reverse 8ccrual / Deerral %ntries &ccounting +> ) &ccounting+> #+> Periodic ProClosing +> ValuReverse &ccruaDocument

)I 6R/IR Clearing

)1$ &ccounting &ccounting+> #+> Periodic Pro &utomatic Clea;ithout $ecifiClearing Curren

)I

)"* &ccounting &ccounting+> #+> Periodic Pro

Closing +> Valu)oreign Curren

C0CC8 Correction o )I docu5ents or 7rong cost centre entries

:,1 &ccounti> Cost Center

&ctual PostiRe$ost Li

C0CC8

:S Cost CenterPeriod ,nd Clo &llocations > &s


4/32

8ctual 8ctivity 2 Cost Spliting Maintenance 0rder - Po7er Plant

8ctual 8ctivity $

' Revaluate Maintenance 0rder Po7er Plant at 8ctual Price

0rder Settle5ent *

0rder Settle5ent ,

Process 0rder Po7er

1 C0-Cost 8llocation 8ssess5ent Process 0rder Po7er Plant

:SS2 &ccounti> Cost CenterPeriod ,nd Clo

8ctual 8ctivity Price Calculation - Related 8ctivity Maintenance0rder Po7er Plant

:SII &ccounting> Cost CenterPeriod ,nd CloCalculation

Revaluate Maintenance0rder at 8ctual

:0&2 &ccounti

Controlling > IntPeriod ,nd Clo>Revaluation at

Maintenance 0rder Related Po7er Plant Cost Settle to I0 -%=uip5ent Po7er Plant

:0.6 OR :0 &ccounting > CInternal OrdersClosing > inglettlement > 5Processing

Internal 0rder %=uip5ent Po7er Plant Settle to Cost Center%=uip5ent 6roup >Po7er Plant3


C0CC8



5/32

8ctual 8ctivity 2 Cost Spliting Process 0rder - Po7er Plant

8ctual 8ctivity $

' Revaluate Process 0rder Po7er Plant at 8ctual Price

* Co-Product Cost Calculation or Process 0rder Po7er Plant

%lectricity and Stea5 0utput ,

Technicaly Co5plete >T%C03 # T%C0 all Process 0der o Po7er Plant


8ctual 8ctivity Price Calculation - Related 8ctivity Prcess 0rderPo7er Plant



M)&1 or C0&2 &ccounting > C>Product Cost

Cost O!=ect CoProduct cost !y,nd Closing >R &ctual Price >Processing

Preli5inary Settle5ent orCo-Product

C0. or C0.Controlling > I

Period ,n>Preliminary

Co+Pr

MI60?6R electricity dan Stea5 as )actory 0utput o Po7erPlant

MI#O-#R t)actory

C0@(PI Mas',CO

Production ProOrder > 'o

Processing


6/32

. (ariance Calculation

0rder Settle5ent 9

1" MI#O-#I to

)ar5ing Service 0r


8ctual 8ctivity 2 Cost Spliting Maintenance 0rder - )ar5ing Service

8ctual 8ctivity $

(ariance Calculation Po7erPlant

::S2 or ::SControlling > I

Period ,nd Clo

Process 0rder Related Po7er Plant Cost Settle to Production(ariance

:0.6 OR C0 &ccounting > CProduct Cost C>Cost O!=ect CProduct Cost !Period+,nd Clo)unctions > etCO.. Collectiv

Charging %lectricity andStea5 to Cost Center MI60?6I electricity dan Stea5 to Cost Center 7hich usingelectricity

C0CC8



8ctual 8ctivity Price Calculation - Related 8ctivity Maintenance0rder )ar5ing Service



7/32

' Revaluate Maintenance 0rder )ar5ing Service at 8ctual Price

0rder Settle5ent *

0rder Settle5ent ,

Maintenance 0rder Pla


8ctual 8ctivity 2 Cost Spliting Maintenance 0rder - Plantation

8ctual 8ctivity $


:0&2 &ccountiControlling > IntPeriod ,nd Clo>Revaluation at

Maintenance 0rder )ar5ing Service Cost Settle to I0 -%=uip5ent Po7er Plant


Internal 0rder %=uip5ent )ar5ing Service Settle to CostCenter %=uip5ent 6roup

:0.6 OR :0 &ccounting > C

Internal OrdersClosing > inglettlement > 5Processing

C0CC8



8ctual 8ctivity Price Calculation - Related 8ctivity Maintenance0rder Plantation



8/32

' Revaluate Maintenance 0rder Plantation at 8ctual Price

0rder Settle5ent *

0rder Settle5ent ,

Plantation

1 C0-Cost 8llocation 8ssess5ent AS %le5ent 6roup

8ctual 8ctivity 2 Cost Spliting AS - Plantation

8ctual 8ctivity $



Maintenance 0rder Plantation Cost Settle to I0 - %=uip5entPlantation


Internal 0rder %=uip5ent )actory Settle to Cost Center%=uip5ent 6roup Plantation

:0.6 OR :0 &ccounting > C

Internal OrdersClosing > inglettlement > 5Processing

C0CC8



8ctual 8ctivity Price Calculation - Related 8ctivity Process AS



9/32

' Revaluate ProBect or AS at 8ctual Price

Technicaly Co5plete >T%C03 * T%C0 the ProBect

AIP Calculation , Calculating AIP >Result 8nalysis3

Settle5ent # Settle5ent ProBect to C0 Production 0rder

Plantation 0utput . MI60?6R Plantation 0utput to C0 Production 0rder

0rder Settle5ent 9

Plantation >+0 and T

Revaluate AS or ProBect at8ctual Price

C&1 or C&2Pro=ect systemPeriod ,nd Clo)unction > Rev &ctual Price

C2"&for ',COPro=ect yst

"ulider

&ccounting > P> Period ,nd Cl)unction >Resu

7: 'code 55Period

4:'code 5

C.. OR C.Pro=ect ystemClosing >inggl>ettlement

MI#O-#R t)actory

C0 Production 0rder Related Plantation Cost Settle toProduction (ariance

:0.6 OR C0 &ccounting > C

Product Cost C>Cost O!=ect CProduct Cost !Period+,nd Clo)unctions > etCO.. Collectiv


10/32

1 Recognie Cost )I + Posting usi

Manual ournal 0utput 1 Recognie 0utput )I + Posting usi

Maintenance 0rder )


8ctual 8ctivity 2 Cost Spliting Maintenance 0rder - )actory

8ctual 8ctivity $

' Revaluate Maintenance 0rder )actory at 8ctual Price

0rder Settle5ent *

Manual ournal CostRegonie

C0CC8


:SS2 &ccounti> Cost Center

Period ,nd Clo

8ctual 8ctivity Price Calculation - Related 8ctivity Maintenance0rder )actory




Maintenance 0rder )actory Cost Settle to I0 - %=uip5ent)actory

:0.6 OR :0 &ccounting > CInternal OrdersClosing > ingl

ettlement > 5Processing


11/32

0rder Settle5ent ,

Process 0rder )actory

1 C0-Cost 8llocation 8ssess5ent Process 0rder )actory

8ctual 8ctivity 2 Cost Spliting Process 0rder - )actory

8ctual 8ctivity $

' Revaluate Process 0rder at 8ctual Price

* Co-Product Cost Calculation or Process 0rder )actory

Internal 0rder %=uip5ent )actory Settle to Cost Center%=uip5ent 6roup )actory


C0CC8


:SS2 &ccounti

> Cost CenterPeriod ,nd Clo

8ctual 8ctivity Price Calculation - Related 8ctivity Process0rder )actory


Plant Se=uent ProcessE2""$

Revaluate Process 0rder at8ctual

M)&1 or C0&2 &ccounting > C>Product CostCost O!=ect CoProduct cost !y,nd Closing >i> Revaluation aCollective Proc

Preli5inary Settle5ent orCo-Product

C0. or C0.Controlling > I

Period ,n>Preliminary

Co+Pr


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Technicaly Co5plete >T%C03 , T%C0 all Process 0der o )actory

AIP Calculation # Calculating AIP Process 0rder )actory

. (ariance Calculation

0rder Settle5ent 1" Process 0rder Related )actory to Production (ariance

Matrial +edger Clo

Matrial +edger Closing 1 M aterial +edger Clossing Coc4pit

C0-Proitability 8na

1 C0 - P8 assess5ent

2

C0-Close Perio

C0@(PI Mas',CO

Production ProOrder > 'o

Processing

::8"! ::8 o &ccounting >

>Product CostCost O!=ect CoProduct cost !y,nd Closing >i>;IP

(ariance Calculation Po7erPlant

::S2 or ::SControlling > I

Period ,nd Clo

:0.6 OR C0 &ccounting > CProduct Cost C>Cost O!=ect CProduct Cost !Period+,nd Clo)unctions > etCO.. Collectiv

C:M+CP &ccoControlling >PrControlling > &c,dit Costing Ru

C0P8

:% Profita!ility &Posting > Perio> 'ransfer Cost &ssessment

C0P8 Reconciliation bet7een C0 - CC8 - C0P8 &ccounting > CCost Center &cInformation ys


13/32

1C0 Period close in C0

0:P1 &ccounti> Profita!ility &Posting > Perio> 'ransfer Cost &ssessment


14/32

by Step

enu-path Chec4 Point

Monthly

Monthly

Monthly

Monthly

Monthly

#" Monthly

Monthly

0perations

Periodicity>D/A/M3 Person Responsible /

+ocation

Ma%e sure all inventoryyou ant to valuate

have !een revaluated

rialsValuation >rial Price >l Prices

Ma%e sure all inventoryyou ant to ma%e

ad=ustment after $hiscalcount have !een

$osting

rialsPhysicalrence > Post

Ma%e sure all PO?shave !een #R use

'code M,4L rials

Purchasing >> Change

Ma%e sure all Deliveryhave !een "illing

les andlling > "illingcess "illing

Ma%e sure all O have!een Delivered

tems > #eneral> ales and

i$$ing >r

Ma%e sure all manual =ournal have !een$osted

D Ma%e sure all manual =ournal have !een$osted


15/32

Monthly

Monthly

Monthly

Monthly

Monthly

Monthly

Monthly

Monthly

Monthly

Ma%e sure all Invoicehave !een Release

s andlling > "illingc%ed "illing

Chec% in &R O$en ItemRe$ort ()"Llysis > 'ools >los

> MaterialMaterial

> Close Period

Ma%e sure the Periodshas !een Close

g +> )inancialeneral Ledger+> CurrentLR-./001234 +Posting

Ma%e sure the Periodshas !een Close

Ma%e sure theettlement have !een

done

ntrolling >> Period+,nd

)unctions >.# Collective

Ma%e sure theettlement have !een

done

vestmentInternal+,nd Closing+ns >.# +ssing

Ma%e sure theDe$reciation have !een

$osted chec% M1<and Chec% ,rror Log

inancial6ed &ssets +>sing +>n +> &)&" +

Ma%e sure the,6change rate have

!een ,nter

inancialeneral Ledger+> CurrentC,-2.0007/3on Rates for'y$e 8V8


16/32

Monthly

Monthly

Monthly

Monthly Chec% )inancial Re$ort

g Step

Daily 9 ;ee%ly 9 Monthly

er Plant

Monthly

Ma%e sure the &ccural9Deferral have

!een entries

inancialeneral Ledgeressing +>te +> )"7 +

eferral Doc:

De$ends on @ature of entryand target accrual dates

Ma%e sure all Recurring,ntries have !een runChec% ith 'code ):7<

inancialeneral Ledgeressing +>s +> ):73 +

Ma%e sure all Recurring,ntries have !een runChec% ith 'code ):7<

inancialeneral Ledgeressing +>te +> ):.7 +l9Deferral

+> )inancialeneral Ledgeressing +>ing +> ):71 +ation ofcy

Ma%e sure all #R9IRClose have cleared

+> )inancialeneral Ledgeressing +>

te +> ):0< +y Valuation

g > Controlling &ccounting >ngs > 5"27ne Items

Chec% Bsing CostCenter Re$ort Bse

'code -&LR-./071277

g > Controllingccounting >ing >sessment

Chec% &ll &ssessmentCycle are Correct therule of Cost allocation


17/32

Monthly

Monthly

Monthly Run the Revaluation

Plant

g > Controllingccounting >ing > $llitting

Chec% &ll $liting ruleare Correct and costcenters have !eenincluded in the rulesuse 'code O5,;

> Controllingccounting >ing >Price

imulate theCalculation and Chec%the result to ensure theresult are correct than

run $roduction ofcalculation

ng >

ernal Order >ing &ctual Price

.ntrolling >

> Period+,nd)unctions >.# Collective

Montly ettlement to moveCost in Mantenance Order to

Internal Order ,ui$ment

Chec% the orders have!een $osted the

settlement value to thecorrect Receiver

imulate and Run

.ntrolling >


Montly ettlement to moveCost in Internal Order

,ui$ment to Cost Center,ui$ment #rou$



imulate and Run


Monthly &ssessmentMaintenance Cost



18/32

Monthly

Monthly


Monthly


Monthly






ntrollingontrolling >

trolling >order > Periodevaluation atollective

&ccounting >ternal Order >d Closingettlement for

oduct

Run Co+Product CostCalculation

RecognieOut$ut

Chec% to Ma%e urethe Production Out$uthave !een received

Processing forogistics >

ess > Processols > Mass

Ma%e sure allProduction Order has!een com$leted have

',CO status


19/32

Monthly Chec% 'he result

Montly ettlement to Variance

Cost center Monthly

der

Monthly

Monthly

Monthly

&ccounting >ternal Order >ing >Variances

.ntrolling >ntrollingntrolling >Order>ing > ingletlement >Processing



imulate and Run



imulate and Run






imulate the

Calculation and Chec%the result to ensure theresult are correct than



20/32


ntation

Monthly

Monthly

Monthly

ng >ernal Order >ing &ctual Price

.ntrolling >






imulate and Run

.ntrolling >


Montly ettlement to move

Cost in Internal Order,ui$ment to Cost Center,ui$ment #rou$



imulate and Run






imulate the

Calculation and Chec%the result to ensure theresult are correct than



21/32


Monthly

Monthly


.ntrolling >






imulate and Run

.ntrolling >


Montly ettlement to move

Cost in Internal Order,ui$ment to Cost Center,ui$ment #rou$



imulate and Run










22/32


Monthly

Monthly Chec% 'he Calculation

Montly ettlement


Montly ettlement to Variance

:8SI3

>)inancials >ing >ingleluation at

ProcessingLogistics >

m > Pro=ect

Ma%e sure all ;",lement has !een

com$leted have ',COstatus

ro=ect ystemosing >ingglelt &nalysis

O Cut of

5&4 Proceed

&ccounting >> Period ,nd

e )unction

Chec% the ;",lement have !een

$osted the settlementvalue to the correct

Receiver imulate andRun

RecognieOut$ut

Chec% to Ma%e urethe Production Out$uthave !een received

.ntrolling >

ntrollingntrolling >Order>ing > ingletlement >Processing



imulate and Run


23/32

ng 'code )" Controllingccounting >ing >Price




.ntrolling >

> Period+,nd)unctions >

.# Collective




settlement value to the

correct Receiverimulate and Run


24/32

Monthly

Monthly


Monthly

.ntrolling >


Montly ettlement to moveCost in Internal Order

,ui$ment to Cost Center,ui$ment #rou$



imulate and Run




g > Controlling

ccounting >ing > $llitting

Chec% &ll $liting ruleare Correct and cost

centers have !eenincluded in the rulesuse 'code O5,;




2""' E 2""* E2""1 E2""2

ntrollingontrolling >trolling >order > Periodingle )unctiont &ctual Price >ssing

&ccounting >ternal Order >d Closingettlement for

oduct

Run Co+Product CostCalculation


25/32

Monthly



Montly ettlement Variance

ing

Monthly

ysis

Monthly

Monthly Chec% the Re$ort

Processing forogistics >ess > Process

ols > Mass

Ma%e sure allProduction Order has!een com$leted have

',CO status

r ::80ontrollingontrolling >trolling >order > Periodinggle )unction

&ccounting >ternal Order >ing >Variances

.ntrolling >ntrollingntrolling >Order>ing > ingletlement >Processing



nting >duct Costtual Costing>n

&ccounting >Controlling >ProductCost Controlling > &ctual Costing>Information ystem

g > Controllingalysis > &ctual,nd Closing

Center costs >


ntrolling >ounting >tem


26/32

Monthly

g > Controllingalysis > &ctual,nd Closing

Center costs >

CO Period has !eenClosed


27/32

T Code / Menu-path

1

$

*

.

9

1"

0:P1

:0C)

F%8R

Module Sr &o Process Description

)I 0pen )I Posting Periods

0*2 &ccounting +>)inancial &ccounting+>#eneral Ledger +>,nvironment +> Currentettings +>-&LR-./001234 + O$enand Close Posting Periods

)I )iscal Fear Change or )i;ed 8ssets

8RA &ccounting +>)inancial &ccounting+> )i6ed &ssets +> PeriodicProcessing +> &R; + )iscal

Eear Change

)I )i;ed 8ssets Fear-%nd Closing

88 &ccounting +>)inancial &ccounting+> )i6ed &ssets +> PeriodicProcessing +> Eear+,ndClosing +> &&" + ,6ecute

)I alance Sheet 6+

)1, &ccounting +> )inancial &ccounting+> #eneralLedger +> PeriodicProcessing +> Closing +>Carrying )orard +> ):72 +"alance Carry )orard

)I P G + Ite5s

)1, &ccounting +> )inancial &ccounting+> #eneralLedger +> PeriodicProcessing +> Closing +>Carrying )orard +> ):72 +"alance Carry )orard

C0 Period close in C0

&ccounting > Controlling >Profita!ility &nalysis > &ctualPosting > Period ,nd Closing> 'ransfer Cost Center costs> &ssessment


28/32

11

1$

1'

?8+R?.#"1$"19

List "udget9&ctual9Commit

C0-IM Carry or7ard o open co55it5ents or invest5ent &ccounting > Controlling>Internal Orders > Eear+,ndClosing > CommitmentCarryforard

)I Revie7 and do7nload the pG l and balance sheet

S?8+R?.#"122.' +edger -

Re$orting +> Informationystem +> #eneral LedgerRe$orts > "alance heet9Profit and Loss tatement 9Cash )lo +>#eneral > &ctual9&ctual Com$arisons+>-&LR-./0744.3

IM Invest5ent Manage5ent Report

&ccounting +> InvestmentManagement +> InternalOrders +>Information ystem+>Re$orts for Internal Orders+>More Re$orts

-&LR-./074.72 F-&LR-./074.43 F-&LR-./074GG1 F-&LR-./074GG3


29/32

0pen period 1$

&llos all s$ecific en year $ostings &nnual

@one

79Calcul evaluation on ne6t $eriod

&nnual

19re$orting "udget

&fter ,@D closing $eriod 71

&nnual

&nnual

crutiny and closing of all #L P H L accounts &nnual

&nnual

%&D Closing 0perations

Preceding Dependency Subse=uent Process I5pacted Periodicity>D/A/M3

close @ormal $eriods 7 to 74 initially:

0pen $ecial Period 71 F only for non salesaccounts ( e6clude accounts /*A

49Posting to &ssets &ccounting in ne6t)iscal Eear

Posting to Previous )iscal Eear can not !econtinued after the year+ end closing

>Com$letion of Ca$italiation &ctivities andPosting of )inal De$reciation Run for the )iscalEear:

crutiny and closing of all #L "alance heetaccounts

)I closing done and )I $eriod is closed for lastmonth:

CO $rocess and assessment cyclerunFR,7 re$orting


30/32

&nnual

crutinise H Donload PH L and "alance heet Eear end &nnual

$ecial )I $eriods

Re$orting &nnual

closed

"udgetory control on investment in ne6tyear


31/32

Person Responsible /+ocation


32/32

Documents

FI CO Closing Step