Skip to main content

SAP FICO Year End Procedures

We are approaching the year end. And those of you who are new to SAP year end procedure for FICO, I am listing the transactions or procedures you need to follow. This is an indicative list and you can tailor the year end procedures as per the requirements of your company or client.

This is also one of the interview questions for SAP FICO Consultants.

1. Pre-Year End/House Keeping - Actioned before Year End

1.a Confirm that balance carried forward account exists - Txn OB53
1.b Review Customer/ Vendor number ranges: Txn XDN1 for AR and XKN1 for AP
1.c Review Document number ranges for AP/AR/GL: Txn FBN1
1.d Review Document number ranges for Assets: Txn AS08
1.e Review Document number ranges for EC-PCA: Txn GB02
1.f Review Document number ranges for CCA: Txn KANK
1.g Review All program variants and variant variables: Txn SE16 and review table VARIT for Z* programs and other scheduled jobs
1.h Factory Calendar: Txn SCAL
1.i Open Periods Txn OB52
1.j Create Fiscal Year Variants 5 years ahead - GL Txn OB29
1.k Create Fiscal Year Variants 5 years ahead - Txn OA85
1.m Create Next Plan Year in CO - Txn OKEV
1.n Create Next Plan Year in PCA - Txn OKEQ
1.o Add new Activitiy Rates that will be required for the new period / year : Txn KP26 / KP97
1.p Add new Statistical key figures that will be required for new period / year Txn KP46 / KP97
1.q Check last closed fiscal year in FI and FI-AA Txn TBP
1.r Check customising using report RACHECKO
1.s Check Incomplete Assets using Report RAUNVA00
1.t Open MM period on the first day of the year MMPV

2. Period End Processing : Regular Month End Procedures

3. Mandatory Year End Processing: For Fiscal Year Change

3.a General Ledger Txn F.16
3.b Accounts Receivable Txn F.07
3.c Accounts Payable Txn F.07
3.d Fixed Assets

- Process depreciation in usual way
- Reconcile Asset Ledger with GL - Start Report RAABST02 to note the differences. Check the missing items using program RAABST01
- Execute Fiscal Year change Txn AJRW
- Execute Year End Closing program - Txn AJAB

3.e CO - Budget Carry Forward -

Copy Plan to Plan - Txn KP97
Copy Actual to Plan - Txn KP98
Copy Resource Prices - Txn KP9R

4. Financial Month End Reports

4.a General Ledger Reports - Txn FS10n
4.b General Ledger Line Items Display Txn FBL3n
4.c General Ledger Account Balances Report Txn S_ALR_87012277
4.d Structured GL Account Balances Txn S_ALR_87012279
4.e Trial Balance
4.f Financial Statements

Menu Path Accounting - Financial Accounting - General Ledger -  Information System - General Ledger Reports - Balance Sheet  Profit and Loss Statement - General

4.g Document Journal Txn S_ALR_87012287
4.h Compact Document Journal Txn S_ALR_87012289
4.i Document Listing - Txn SE38 Program RFBUEB00
4.j Extract for the Accumalated Historical Balance Audit Trail Txn S_ALR_87012314
4.k Report from the Accumalated Historial Balance Audit Trail Txn S_ALR_87012315
4.l Identification of Postings by Amount Txn S_ALR_87012282

5. Auditing Reports

5.a Financial Accounting Comparative Analysis F.03
5.b Gaps in Document Number Range Assignment Txn S_ALR_87012342
5.c Invoice Number Ranges Allocated Twice Txn S_ALR_87012341
5.d Changes to GL Accounts Txn S_ALR_87012308
5.e Changes to Customer Accounts Txn S_ALR_87012182
5.f Changes to Customer Credit Data Txn S_ALR_87012215

Further Reading:

  1. SAP FICO Books
  2. SAP Interview Questions
Do you like to be updated in Accountancy ?

Click here to get updates by Email in your inbox


Subscribe in a reader

or Follow me on Twitter 

You may also like to read

  1. SAP FICO Certification Questions
  2. How to start my own website - 1
  3. SAP Training Centers 
  4. SAP or Oracle - Which one should I do ? 
  5. Networking and how to use it


Anonymous said…
Thanks for information as a professional management consultant these informations vey helpful to me, thanks again.
Accounting For Business

Popular posts from this blog

Poll : Does CIMA, UK qualification add value

Poll : Does pursuing CIMA, UK qualification add value to a member of ICWAI, India ? Vote on the poll and share your thoughts by commenting the blog. Poll: Vote here I feel that if you are a member of ICWAI and you pursue CIMA, UK qualification, you are not adding any value to your skills since you will be learning the same. Once you are qualified, you are still a Cost & Management Accountant but from UK. For an employer, I would still have same skills and training on Management Accounting. However if you pursue qualification like Company Secretary or CPA or ACCA , your skills are enhanced with the knowledge gained during training and passing of exams. After qualification, you are bound to follow the CPD programs of ICWAI and other institute. In competitive world, employer look for people with multiple skills. Which one promotes you as professional better against your name: AICWA, ACMA or AICWA, ACS or AICWA, CPA or AICWA, ACCA Widgets Regards, Santosh

Learning Curve Theory

Learning Curve Theory is concerned with the idea that when a new job, process or activity commences for the first time it is likely that the workforce involved will not achieve maximum efficiency immediately. Repetition of the task is likely to make the people more confident and knowledgeable and will eventually result in a more efficient and rapid operation. Eventually the learning process will stop after continually repeating the job. As a consequence the time to complete a task will initially decline and then stabilise once efficient working is achieved. The cumulative average time per unit is assumed to decrease by a constant percentage every time that output doubles. Cumulative average time refers to the average time per unit for all units produced so far, from and including the first one made. Major areas within management accounting where learning curve theory is likely to have consequences and suggest potential limitations of this theory. Areas of consequence: A Standard

Resistence to Change - Approaches of Kotter and Schlesinger

The Six (6) Change Approaches of Kotter and Schlesinger is a model to prevent, decrease or minimize resistance to change in organizations. According to Kotter and Schlesinger (1979), there are four reasons that certain people are resisting change : Parochial self-interest (some people are concerned with the implication of the change for themselves ad how it may effect their own interests, rather than considering the effects for the success of the business) Misunderstanding (communication problems; inadequate information) Low tolerance to change (certain people are very keen on security and stability in their work) Different assessments of the situation (some employees may disagree on the reasons for the change and on the advantages and disadvantages of the change process) Kotter and Schlesinger set out the following six (6) change approaches to deal with this resistance to cha