What is the use of period end closing? What activities are performed as part of

What is the use of period end closing? What activities are performed as part of period end closing? : cost center accounting

Question Posted / anshu agarwal

1 Answers
1648 Views
I also Faced
E-Mail Answers

What is the use of period end closing? What activities are performed as part of period end closing? ..

Answer / rama.goal9@gmail.com

Regarding period end closing, Ideally we can open and close the period at month end and month started for reporting purpose. reporting like P&L and balance sheets reports.
at month, as per the business requirement the reporting days started from the day 31 of every month and next month day of 4th days it means the end users reporting these days..
once reporting is done, TL will close the periods in OB52 and open the next month period.

Is This Answer Correct ?

0 Yes

0 No

Post New Answer

More SAP FI-CO (Financial Accounting & Controlling) Interview Questions

Can you have non-calendar months as periods in a non-calendar fiscal year?

0 Answers

What is an account group and where it is used?

0 Answers

my business is running from 2005 till now. how i want to introduce SAP system in organization. for this my plan like this : opening balance fy 2010-11 is taken and fy 2011-12 data is uploaded. My question is how to take fy 2010-11 opening balance with complete configuration procedure?

1 Answers Wipro,

What are the problems faced when a material ledger is activated?

0 Answers

explain 2 business scenarios which do you feel have considerable significance and what kind of solutions did you offer while working on the projects?

0 Answers

If we are Maintaining diffrent tax Percentage rates in FTXP and pricing Procedure? what will happen in Accounts? which percentage will taken by system at the time of posting?

2 Answers PWC,

Hi all...After dunning run has carried out the customer has not received the dunning note... what all could be the possible reason...?

1 Answers Siemens,

Hi, My questions is, What is the procedure for deleting a ledger. I am not asking blocking. I am asking deleting a ledger.

4 Answers

Can we change the amount posted through Interest Run.

1 Answers Cap Gemini,

Bank Master Key is created at client level or Company code level? Illustrate with examples & your prior project experience

6 Answers Wipro,

what is the work of OKB9 and why we need okb9 setting? Plz, give in detials.

2 Answers

What is an operating chart of accounts?

0 Answers

For more SAP FI-CO (Financial Accounting & Controlling) Interview Questions Click Here