The document provides steps for completing the asset closing process in SAP. It includes checking the last closed fiscal year, reconciling asset and accounting data, recalculating depreciation, executing depreciation and periodic postings, reconciling the general and subsidiary ledgers, performing the fiscal year change, and executing the year-end closing program. The asset closing process closes the fiscal year for asset accounting and accounting purposes and prepares the data for the new fiscal year.
Blogs on Document Splitting at www.veritysolutions.com.au
Document Splitting is a very powerful feature delivered by SAP ECC.
Previous to SAP ECC, if new fields were required to General Ledger SAP had to deliver these new fields in Special Purpose Ledger tables. Profit Centre Accounting in R3 was Special Purpose Ledger table 8*, Joint Venture Accounting was ledger 4*. This essentially meant that data had to be copied from General Ledger table GLT0 to special ledger tables so these could be reported upon. However, technical glitches in code and incorrect usage of functionalities caused imbalances between the main ledger GLT0 and the special purpose ledgers.
SAP customers who wanted to expand the functionality of General Ledger to cater to special business requirements (like reporting General Ledger with another fiscal year variant) had to create custom Special Purpose Ledger tables. For example, if a customer wanted to report by two fiscal year variants, they could report one variant using General Ledger and the other variant using Special Purpose Ledger.
All this disparate ledgers reported the same source information in different views. Customers had to execute several month end jobs to ensure synchronisation of data across all these ledgers. Differences in balances and information between ledgers led to delays in month end close and reporting.
With SAP ECC new GL, SAP Customers can add new fields (which SAP calls “scenarios”) into General Ledger. This allows customers to perform, for example, Profit Centre Accounting and Reporting within General Ledger.
With SAP ECC new GL, SAP Customers can add new ledgers (which SAP calls “parallel accounting”) into General Ledger. This allows customers to report, for example, the same General Ledger data in multiple fiscal year variants.
This replication of data happens in real-time. SAP customers no longer need to execute month end jobs to synchronise data between different ledgers.
Configuring SAP Organization Structure for SAP MM,SD,FIPavan Golesar
Hello there, I am Pavan Golesar. I run my brain so innovatively that I need supplementary place to store it. Thus I represent you my alternative brain storage space as a website and youtube channel: www.abaper.weebly.com www.explore16k.weebly.com www.youtube.com/channel/UCljfU3cc23f5khN24rbzHeA
Regards,
Pavan Goleasr
#Ethic Coder
Blogs on Document Splitting at www.veritysolutions.com.au
Document Splitting is a very powerful feature delivered by SAP ECC.
Previous to SAP ECC, if new fields were required to General Ledger SAP had to deliver these new fields in Special Purpose Ledger tables. Profit Centre Accounting in R3 was Special Purpose Ledger table 8*, Joint Venture Accounting was ledger 4*. This essentially meant that data had to be copied from General Ledger table GLT0 to special ledger tables so these could be reported upon. However, technical glitches in code and incorrect usage of functionalities caused imbalances between the main ledger GLT0 and the special purpose ledgers.
SAP customers who wanted to expand the functionality of General Ledger to cater to special business requirements (like reporting General Ledger with another fiscal year variant) had to create custom Special Purpose Ledger tables. For example, if a customer wanted to report by two fiscal year variants, they could report one variant using General Ledger and the other variant using Special Purpose Ledger.
All this disparate ledgers reported the same source information in different views. Customers had to execute several month end jobs to ensure synchronisation of data across all these ledgers. Differences in balances and information between ledgers led to delays in month end close and reporting.
With SAP ECC new GL, SAP Customers can add new fields (which SAP calls “scenarios”) into General Ledger. This allows customers to perform, for example, Profit Centre Accounting and Reporting within General Ledger.
With SAP ECC new GL, SAP Customers can add new ledgers (which SAP calls “parallel accounting”) into General Ledger. This allows customers to report, for example, the same General Ledger data in multiple fiscal year variants.
This replication of data happens in real-time. SAP customers no longer need to execute month end jobs to synchronise data between different ledgers.
Configuring SAP Organization Structure for SAP MM,SD,FIPavan Golesar
Hello there, I am Pavan Golesar. I run my brain so innovatively that I need supplementary place to store it. Thus I represent you my alternative brain storage space as a website and youtube channel: www.abaper.weebly.com www.explore16k.weebly.com www.youtube.com/channel/UCljfU3cc23f5khN24rbzHeA
Regards,
Pavan Goleasr
#Ethic Coder
as per my experinece i have prepared this docuemnt for future referenec and also this document will help to leart GST impact in SAP SD and S4 HANA
Kindly comment your feedback and suggistions
AUC is Asset under construction where some assets are in construction phase and cost needs to
capture through internal order for the time being. Once asset is fully completed then cost would
be transferred to another cost object (E.g. Cost center, Order etc...) and settle with final asset.
E.g. XYZ Company constructing building for their office. While construction many expenses are
attached to it. Till the time it is created we cannot charge it in building account hence we need to
create AUC account where cost will be stored.
Assets under construction (AUC) are a special form of tangible assets. They are usually displayed
as a separate balance sheet item and therefore require a separate account determination and their
own asset classes. During the construction phase of an asset, all actual postings are assigned to the
AUC. Once the asset is completed, a transfer is made to the final fixed asset
Automatic Vendor payment advice notes by email with attachment when a payment is made via APP (Automatic payment program by using T-code F110 and email a sap script form as a PDF attachment along with the mail body in the desired language.
SAP Accounting powered by SAP HANA – Moving controlling and finance closer to...John Jordan
New users have traditionally struggled to understand the way SAP separates Financial Accounting and Management Accounting where most legacy systems see the two as one. While it’s easy enough to understand how a payroll account flows from the profit and loss statement into cost center accounting because the account information stays the same, the situation becomes more challenging as a revenue account flows into profitability analysis and is transformed into a value field, or a cost of goods sold account becomes multiple value fields depending on the cost components involved. In its latest product release, SAP is bringing the two worlds closer together. In this session we’ll look at how SAP is addressing these issues with its new product SAP Accounting powered by SAP HANA, part of SAP Simple Finance. This presentation will delve into how the requirements for internal and external reporting are converging and how this convergence impacts SAP Controlling.
This session will cover:
*Changes to report revenue and cost of goods sold by the CO-PA dimensions and how break out the cost of goods sold into multiple accounts
*How overhead is captured and allocated either from cost centers to CO-PA dimensions (assessment) or from high-level to lower-level CO-PA dimensions (top-down distribution)
*The underlying architecture and how FI and CO line items are linked.
*New reports that visualize the transformation of expense into cost of goods sold, work in process, and assets under construction
*How the period close process has been accelerated in SAP Controlling
Get a sneak peak at the first planning applications that allow you to plan costs according to the new paradigm of SAP Simple Finance, where the account is the leading dimension for all accounting activities.
as per my experinece i have prepared this docuemnt for future referenec and also this document will help to leart GST impact in SAP SD and S4 HANA
Kindly comment your feedback and suggistions
AUC is Asset under construction where some assets are in construction phase and cost needs to
capture through internal order for the time being. Once asset is fully completed then cost would
be transferred to another cost object (E.g. Cost center, Order etc...) and settle with final asset.
E.g. XYZ Company constructing building for their office. While construction many expenses are
attached to it. Till the time it is created we cannot charge it in building account hence we need to
create AUC account where cost will be stored.
Assets under construction (AUC) are a special form of tangible assets. They are usually displayed
as a separate balance sheet item and therefore require a separate account determination and their
own asset classes. During the construction phase of an asset, all actual postings are assigned to the
AUC. Once the asset is completed, a transfer is made to the final fixed asset
Automatic Vendor payment advice notes by email with attachment when a payment is made via APP (Automatic payment program by using T-code F110 and email a sap script form as a PDF attachment along with the mail body in the desired language.
SAP Accounting powered by SAP HANA – Moving controlling and finance closer to...John Jordan
New users have traditionally struggled to understand the way SAP separates Financial Accounting and Management Accounting where most legacy systems see the two as one. While it’s easy enough to understand how a payroll account flows from the profit and loss statement into cost center accounting because the account information stays the same, the situation becomes more challenging as a revenue account flows into profitability analysis and is transformed into a value field, or a cost of goods sold account becomes multiple value fields depending on the cost components involved. In its latest product release, SAP is bringing the two worlds closer together. In this session we’ll look at how SAP is addressing these issues with its new product SAP Accounting powered by SAP HANA, part of SAP Simple Finance. This presentation will delve into how the requirements for internal and external reporting are converging and how this convergence impacts SAP Controlling.
This session will cover:
*Changes to report revenue and cost of goods sold by the CO-PA dimensions and how break out the cost of goods sold into multiple accounts
*How overhead is captured and allocated either from cost centers to CO-PA dimensions (assessment) or from high-level to lower-level CO-PA dimensions (top-down distribution)
*The underlying architecture and how FI and CO line items are linked.
*New reports that visualize the transformation of expense into cost of goods sold, work in process, and assets under construction
*How the period close process has been accelerated in SAP Controlling
Get a sneak peak at the first planning applications that allow you to plan costs according to the new paradigm of SAP Simple Finance, where the account is the leading dimension for all accounting activities.
New gl functionality_by_guntupalli_hari_krishna_Hari Krishna
SAP NUEVO LIBRO MAYOR,SAP NEW دفتر الأستاذ العام,SAP新总账,SAP neue Hauptbuch,एसएपी नई सामान्य खाता,எஸ்ஏபி புதிய பொது லெட்ஜர்,SAP NEW総勘定元帳,SAP의 새로운 원장,SAP General Ledger НОВЫЙ,SAP NUEVO LIBRO MAYOR,SAP NEW GENERAL LEDGER
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
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Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
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The map views are useful for providing a geographical representation of data. They allow users to visualize and analyze the data in a more intuitive manner.
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The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
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80467542 asset-closing-in-sap-fico
1. Asset Closing:
1. Check Last Closed Fiscal Year in FI and FI-AA
• First close the fiscal year in Asset Accounting and then in FI
• Make sure that, at the most, two years are open for posting in FI-AA
• Once the fiscal year is closed, you can no longer post or change values within
Asset Accounting (for example, by recalculating depreciation).
• The fiscal year that is closed is always the year following the last closed fiscal
year. You cannot close the current fiscal year
For e.g current fiscal year (current date): March 19xx
last closed fiscal year: 19xx - 2
you can close fiscal year 19xx -
2. Run program RACHECK1 to eliminate inconsistencies between company code and
asset management account data
Errors in Customizing of depreciation areas, transaction types and period rules.
• These can cause the following problems:
o Inexplicable error messages are issued when adjustment postings are made,
although nothing was changed in Customizing. A typical example of these error
messages is AAPO 176 “Transaction type XY cannot be used for activity Z.”
• Transfer postings cannot be carried out.
• Differences occur due to missing account assignments.
• When depreciation is recalculated, there are inexplicable error messages
3. Check Incomplete Assets (T code AUVA)
2. o Need to find and process incomplete assets before the year-end closing using
report RAUNVA00
o There are two different types of incomplete assets:
1. The asset is incomplete, but can be posted
2. The asset is incomplete and cannot be posted. We need to correct both types.
For example, when the user lacks authorization for master data fields that are required
entry fields, but these are not so critical that the asset cannot be created at all. The system sets an
indicator showing that assets are incomplete.
For assets that are still incomplete when the report is run, We can go directly from
the report to their asset master records and correct them, as long as this is allowed by your
authorization profile
4. Check Indexes
We should enter the indexes for:
• determining replacement values or
• for updating the base insurable value,
• Use transaction AYLS
It is important to carry out a recalculation of depreciation after the index series
have been maintained
5. Recalculate Depreciation (AFAR)
This might be necessary if:
• Have changed a depreciation key.
• Have made mass changes that you programmed yourself, and these changes affected data
relevant to depreciation.
• Values are not calculated correctly. This results in an incorrect display in the asset value
display transaction.
• Differences between the general ledger and subsidiary ledger are possible.
• In the new fiscal year, there are assets with the message “Depreciation values not
completely calculated for this asset“ (error message AA510). Recalculation at this point
often does not correct the error.
• Assets with indexed depreciation areas are possibly not deactivated in the case of a
complete retirement, if the calculation of replacement values was not up-to-date.
3. • You want to calculate subsequent revaluation (after the legacy data transfer is closed)
using current index figures. In order to correctly calculate replacement values, however,
you can only use index series that calculate historically.
• Start the depreciation recalculation program for the whole company code, for which the
year-end closing is to be carried out. Execute AFAR test mode with the List assets and
Execute in Background options
• When you run AFAR, a statistical log is issued. The log contains any error messages.
Correct the errors leading to any error messages you receive, and start an update run of
AFAR for these assets
Note:
Up to and including this step, you can repeat all activities as often as necessary to
ensure that the system is up-to-date
6. Execute Depreciation Posting Run(AFAB)
Every asset transaction in the Asset Accounting (FI-AA) component immediately
causes a change of the forecasted depreciation. However, an asset transaction does not
immediately cause an update of the depreciation and value adjustment accounts for the
financial statements. The planned depreciation is posted directly to Financial Accounting
(FI) when you run the periodic depreciation posting run. This posting run posts the
planned depreciation for each posting level for each asset as a lump sum amount.
o Perform the depreciation posting run for the last period of the year (usually
period 12 of the fiscal year being closed).
o Recommend that start report RAPOST2000 first in the Background and in test
mode, and then carefully consider the log. If error messages are issued in the test
run, then correct the errors (usually these are in account determination or
Customizing of cost centers), before starting RAPOST2000 in update mode,
since the report cannot be reversed
4. • Planned posting run
We post to the next period that is specified according to the posting cycle.
As long as the last normal period was already posted, it is possible to post to
special periods in FI.
The system does not allow for limiting the run to particular assets. Thus, we need
to run for full company code
• Repeat posting run
A repeat run might be necessary, for example, if the depreciation terms were
changed for individual assets in connection with the year-end closing.
During a repeat posting run, the system only posts the differences that resulted
between the first posting run and the repeat posting run (no double posting)
You can limit the run to particular assets
• Restart
Using the restart mode ensures that all system activities are repeated that were
not completed in the run containing the errors.
In a restart run, only those assets are processed and displayed in the logs that
were not processed successfully in the prior run.
• Unplanned posting run
If we want to skip over one or more posting periods, specify an unplanned
posting run. The system then posts for all periods that were skipped, as well as
for the period entered
5. 7. Execute Periodic Posting Program(ASKB)
This program posts APC values from depreciation areas designated in the chart of
depreciation as posting periodically
From an accounting perspective, it is necessary in order to be able to make available the
current status of all depreciation areas on a given key date. It is important to keep in mind
here that the year-end closing report checks the date of the last periodic posting program
run using the system date as a reference. As a result, the year-end closing can only be
carried out at a time close to the end of the year. In addition, the periodic balance sheet
postings are an important step before the reconciliation of the general ledger and
subsidiary ledger for the individual depreciation areas, since this is the only way for them
to be in agreement. Therefore RAPER2000 has to be executed at least once in update
mode
8. Reconcile General Ledger and Subsidiary Ledger (ABST2)
A. Start report RAABST02. If the report logs differences in table EWUFI_BAL (table
FAGLFLEXD if the New G/L functionality is active) , proceed with the following steps.
If the report does not find any differences, the general ledger and subsidiary ledger are
consistent to each other.
B. For the account concerned, compare the last two fiscal years using the account display
transaction (FS10N or FAGLB03 in New G/L) in the General Ledger. If the closing
balance and opening balance differ, you have to start the balance carryforward program
again for the current year.
C. Create two asset history sheets for the accounts involved using the following
parameters:
Limiting the account assignment or the asset class in the dynamic selections
• Sort version 0020
• Group totals
• Report date – fiscal year end of prior year and current year
Setting “Depreciation posted” If the starting and final value of the asset history sheets
are different, you should repeat the fiscal year change in asset accounting ( transaction
AJRW).
If the starting and final values are still different after you repeat the fiscal year change,
then check to see if there is an asset with a capitalization date but without acquisition
data. Follow the procedure outlined in SAP Note 194635.
D. The asset history sheet for the previous year does not agree within itself when you
cross-foot. In this case:
6. a) Start RAABST01 for accounts with line item management.
b) Start RAABST02 for reports without line item management.
c) If the balance carry forward is affected, you now have to reset the year-end closing,
perform depreciation recalculation, possibly carry out a depreciation posting run, and
then run the year-end closing again.
E. The starting balance values of the current year do not agree with the value of the
balance display. There are various possible causes that then also require different actions
on your part.
a) The difference arose already during the legacy data transfer. In this case, contact
SAP Remote Consulting.
b) Missing line items. To see which line items are involved, see the log of RAABST01
or RAABST02. There are two possible scenarios:
Missing line items during asset acquisition. These can be created easily using report
RACORR05. In the case of multiple account assignments, use report RACORR05A.
Missing line items during asset retirement. These can not be created using report
RACORR05. In this case, contact SAP R/3 Support, describing the exact parameters of
the asset concerned.
c) Line items with incorrect acquisition year. This situation is found at times with
postings from invoice verification (transactions MRHR or MIGO). For correcting this
problem, there are a number of correction reports that are listed in SAP Note 366848. If
you are unsure of how to proceed, contact SAP Support.
d) Account determinations that have errors or are incomplete can also cause
differences, which cause errors during the euro conversion, if not before. For these errors,
you should now, at the latest, consider your results from point 2.
e) Manual postings to asset balance sheet accounts. In this case, contact SAP Remote
Consulting, with the document numbers involved.
9. Execute Fiscal Year change AJRW
Fiscal year change is the opening of a new fiscal year for a company code
At the fiscal year change, the asset values from the previous fiscal year are carried forward
cumulatively into the new fiscal year.
7. How is it executed?
• As you can see the only selection criteria is the company code. It is not possible to run
this program for select assets or depreciation areas... it is run for an entire company
code and all active assets and depreciation areas are updated.
• Of course the other field that has to be evaluated is the New fiscal year field. Simply
enter in the value for the new fiscal year that you want to open.
• The Fiscal Year Change program has some similarities with some of the other periodic
programs in FI-AA. There is a test run indicator which can be useful to uncover an
obvious error before committed to a productive run.
• The program must be run in the background when it is run in productive mode.
• The program can be run repeatedly. There is no risk or further changes made if the
program is run multiple times. In this way it is very similar to other balance roll forward
programs such as SAPFGVTR in the General Ledger. In fact, this is often required for
subsequent adjustments made to new assets in the prior fiscal year.
• It is not possible to reverse a Fiscal Year Change using standard methods
• Once the fiscal year change takes place, you can post to assets using value dates in the
new fiscal year. At the same time, you can continue to post in the previous fiscal year.
You can continue to post in the old fiscal year, even after the fiscal year change. The
system automatically corrects any values that are affected by postings in the past.
• The fiscal year change can only be carried out (even in test mode) for the new fiscal year.
• The system carries out the fiscal year change for all assets, even if the assets have errors.
The system provides statistics per company code for the assets that have been changed.
8. When can it be executed?
• The program can be run as early as the last regular fiscal period of the current fiscal year.
When entering in the new fiscal year it must be only one year in the future. For example,
in December of 2007 I can only run the program for 2008, not 2009 or later.
• By far the most common error that is encountered when running this program is AA761
"Fiscal year change in co. Code &1 possible only after year-end closing &2". You can
have only 2 open fiscal years in the FI-AA sub ledger so you'll have to be sure that the
prior fiscal year is already closed before running RAJAWE00. If the prior fiscal year is
already closed then this error shouldn't appear.
• The earliest that you can carry out a fiscal year change is in the last month of the old
fiscal year. You can choose any point in the new fiscal year for carrying out the fiscal
year change
• Before you can change to fiscal year YYYY, you must have already closed fiscal year
YYYY - 2. You can have a maximum of two fiscal years open for posting at one time
What kind of output is there?
• The first thing that you should notice is the program text displayed at the top of the
output list. It gives some basic information about the program and how it relates to the
financial closing.
• You should carry out the fiscal year close process in FI-AA before you complete the
closing process in the FI-GL... it's logical to close the subledger before finalizing the
close of the General Ledger.
• After the text at the top is a table that displays the status of the run by company code as
well as some statistical information.
• The log shown below is an example of how it looks if AJRW is run a second time after
new records was posted in the prior year. There are 6 records in the company code but 3
have already been rolled forward to 2008. Of the remaining 3 records, 1 is
deactivated and another has no value. In both cases there are no values that need to be
brought into the new year so they will be skipped by the program. The other asset
is active and has a value so it needs to be updated for 2008 (the To change column) but it
has an error with it so it causes the program to output a record in the Incorrect column.
9. An asset is marked as incorrect during the execution o AJRW because there is an error in the
asset's depreciation calculation. Unlike some of the other asset periodic programs, there is a
section to display messages at the bottom of the screen but no messages will actually be displayed
there. The only indication that there is a problem is because the Incorrect column has a value. At
this point, you'll have to click on the Error Log button to see more.
You're now looking at the Application Log in SAP which will display the error messages for the
program. The log will display each asset that is in error. You'll then have to investigate
elsewhere to figure out what the error is and how to fix it.
10. What happens if I don't run it?
If the Fiscal Year Change is not executed, all asset reporting becomes inoperable once you cross
over into the new year (as determined by the system date). Regardless of what report date you
choose on the asset report... whether it's the end of the prior year or current year, or whether it's a
year-end date or period-end date won't matter... the reports will all terminate with message
AB059 "Fiscal year change not yet made for company code XXXX".
The second limitation is that you won't be able to make any asset postings in the new year. If
you try, the transactions will terminate with error AA347 "You cannot post to asset in company
code XXXX fiscal year YYYY". For those situations where the program is not run in advance,
I'd bet that this error is what reminds at least half of the SAP customer base that they have to
execute this program.
Third, you won't be able to run any of the asset periodic programs in the new year such as
posting depreciation or posting periodic values.
What does it do (technically)?
There are three tables that are updated by RAJAWE00.
• The configuration table T093C gets a small update. The new fiscal year is entered in
LGJAHR. The field label is "Current Fiscal Year" but the description of the data element
is "Last fiscal year opened by the fiscal year change" which tells you all you need to
know about what the field represents.
• ANLB is also updated. Similar to T093C the new fiscal year of the asset is entered in
field LGJAN "Last fiscal year". This represents the highest fiscal year that the asset can
be posted to. T093C-LGJAHR serves a similar purpose.
11. • The most important table that is updated is ANLC. ANLC is the core table for most all
asset reporting and is keyed by fiscal year. By executing this program new entries are
created for the new fiscal year in this table.
10. Year End Closing AJAB
• Assets Under construction-
At the year-end closing, the system checks that there are no assets that have been
posted (that is, they have an acquisition date), but have not yet been capitalized (the
capitalization date is not set). These assets are then identified as having errors.
This check does not make sense for assets under construction, since it is normal
for them to have acquisition postings but not be capitalized. Therefore, we can limit the
selection for the asset class here, so that assets under construction are not included in this
check.
• We use the year-end closing program to close the fiscal year for one or more
company codes from an accounting perspective. Once the fiscal year is closed,
we can no longer post or change values within Asset accounting (for example,
by recalculating depreciation)
• The fiscal year that is closed is always the year following the last closed fiscal
year.
For. e.g. Current fiscal year (current date): March 19xx
Last closed fiscal year: 19xx - 2
We can close fiscal year 19xx - 1
• You have to carry out the year-end closing as background processing for
performance reasons
• Reversing Year End Closing
12. We closed a fiscal year too soon, and still need to make corrections,
you can reset the last closed fiscal year ( t code OAAQ)
• You do this by changing the field for the last closed fiscal year
• Using this function, you can re-open the last closed fiscal year, either for selected
depreciation areas in a company code, or for all depreciation areas in a company
code.
(T code OAAR)