Year-End Closing for Aa, Im, and PS in SAP: SAP Press Essentials 44

by Thomas Michael, Kent Bettisworth

Year-End Closing is the process of establishing a cut-off date at which fiscal year financial transactions are separated; after the Year-End Close, no transactions can be posted into or out of the "old" fiscal year, and instead must be posted to the "new" year's ledgers. All modern finance and investment management systems require a Year-End Close, and capital investment management applications in SAP are no exception. The Year-End Close processes for SAP Asset Accounting, Investment Management, and Project System are often difficult to manage because they happen with such infrequency and at such a hectic time of year for the teams responsible for implementing them. Beyond that, actual documentation of the processes is almost non-existent, except for some generic checklists available through SAP. The result is often a great deal of frustration, and an equal amount of problems, for teams responsible for carrying out these mission-critical tasks.

The purpose of this book is to provide the reader with the step-by-step guidance for performing correct and successful Year-End Closings for Asset Accounting, Investment Management, and Project System within SAP. It fills the void left by the lack of documentation and support material for these specific processes, and will help mitigate the frustrating and problematic aspects of performing Year-End Close.

200 pages, Hardcover