Re-Opening the Fiscal Year in SAP Asset Accounting

Description

In SAP Asset Accounting, the process of closing the fiscal year involves completing various tasks and procedures to ensure that all financial transactions and data for the year have been accurately recorded and processed. This is typically done at the end of the year to prepare for the next fiscal period. However, sometimes it may be necessary to make adjustments to the financial data after the fiscal year has been closed.

When this happens, there are two options for re-opening the fiscal year in SAP Asset Accounting:

1. Reverse the year-end closing process: This involves reversing the steps that were taken to close the fiscal year, such as opening up posting periods and re-activating depreciation. This option allows you to make the necessary adjustments and then re-close the fiscal year.

2. Re-open the fiscal year for specific depreciation areas only. This is typically done to adjust tax values for fixed assets without any impact to the (already closed) book valuation.

Once you have made the necessary adjustments and completed either of the above options, you can close the fiscal year again. This involves completing the same steps that were taken to originally close the fiscal year.

This course will walk you step-by-step through both options and show you how to re-open the fiscal year in SAP Asset Accounting.

What You Will Learn!

• Understand the importance of the year-end closing process
• Learn to open the fiscal year in SAP Asset Accounting
• Find out how to close the fiscal year again
• Be comfortable with opening and closing the year in SAP Asset Accounting

Who Should Attend!

• SAP consultants
• SAP users
• SAP analysts

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