What are the month end activities performed in an organization? Why do we perf

What are the month end activities performed in an
organization? Why do we perform these month end activities?
Explain in detail.

Question Posted / aman kumar

2 Answers
12242 Views
Geometric Software, IBM, Panorama, Shell, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

What are the month end activities performed in an organization? Why do we perform these month end ..

Answer / sanjeev reddy .a

1 - Maintain Activity prices - KP26

2 - Release of Standard Cost Estimate - CK40N

3 - MM period close and open - MMPV

4 - FI period open

5 - Parked documents to be posted - FBV0, MIRO

6 - Reposting of Inter Office CC - KB61

7 - Bank Reconciliation

8 - Update Section Code where missing - J1INPP

9 - Maintain GRIR clearing - F.13

10 - Provision for current month - FB50

11 - Depreciation entry - FB50

12 - Exchange rate - To be Updated

13 - Revaluation of foreign currency open items - F.05

14 - Recognition of Inventory at Bonded warehouse - FB50

15 - Maintain Statistical Key Figures - KB31N/KP46

16 - Variance Calculation of Process Orders - KKS1

17 - Settlement of variances - CO88

18 - Assessment cycles - Aux/WH CC to Main CC - KSU5

19 - Assessment cycles - Functional CC to SBU CC - KSU5

20 - Assessment cycles - SBU CC to COPA - KEU5

21 - Profit Center Reposting - 9KE0

22 - Balance Sheet Adjustment calculation - F.5D

23 - Transfer Profit Center to AR & AP - 1KEK

24 - Transfer Inventory to PCA - 1KEH

25 - Assessment Cycle - Dummy PC to SBU PC - 3KE5

26 - Check for "Delivery made, not Invoiced" - VF03

27 - Match GL and PCA - KE5T

28 - Match PCA and PA

29 - Top Down Distribution in COPA - KE28

30 - Reclassification of GL balances

31 - Balance Carry forward (Year End Only) - F.16

32 - PCA Balance Carry forward (Year End Only) - 2KES

33 - Transfer to FI - 1KE8

Is This Answer Correct ?

10 Yes

2 No

What are the month end activities performed in an organization? Why do we perform these month end ..

Answer / rkprasad

If any configuration needs to be done for year-end closing
consultant has done for ex: if fiscal year is independat
then we define fiscal year with months and versions for
CCA, IO, and EC-PCA dependant versions

Is This Answer Correct ?

2 Yes

15 No

Post New Answer

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

Hi Can any 1 say How you maintain head office settings in SAP?

6 Answers SAP Labs,

Hi i am preparing for sap fi certification how is the oppurtunities as per the current position.if i may do that certification either i could get the job or not.kindly give your advice thanks in advace regards jos

1 Answers

can you change the payment terms in vendor master record?

2 Answers IBM,

What are correspondence types in ar / ap?

0 Answers

How is the electronics bank statement gets uploaded in the sap system, how the reconciliation and document posting happens? explain in detail...?

1 Answers

What is a document header? : fi- general ledger

0 Answers

What is the basic difference in wip calculation in product cost by order and product cost by period (repetitive manufacturing)?

0 Answers

What is year dependent fiscal year?

1 Answers

Q.While executing APP run how many co.code can we run maximum at a time? and also how many payment methods can we use at a time?

3 Answers IBM,

What is the relation between Field Status & Account Group?

3 Answers IBM,

How can we create upload A/c in sap? Are they normal GL A/c then which A/c group should be used for them.

1 Answers

When entering foreign currency fi transactions describe the various ways in which the exchange rate is derived by sap?

0 Answers

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