Executing Year-End Closing 

Use

Year-end closing in FI-AA blocks the values of previous fiscal years against a recalculation of the depreciation. This ensures that the balanced values of the fixed assets can not be changed retrospectively. It is therefore essential for your financial reporting that you execute this program.

To see more information about this process, choose .

Prerequisites

Before you execute the fiscal year change in FI-AA, you must have completed the following:

  1. Adjustment postings during year-end closing
  2. Any depreciation simulations and adjustments to depreciation records for asset acquisitions in the fiscal year to be closed.
  3. Depreciation postings for the final period of the fiscal year to be closed
  4. Fiscal year change

In this example, you have not entered any adjustment postings and it is possible that the depreciation postings have not been made up to the end of the fiscal year. This process therefore serves only as a demonstration, and is executed in the test mode.

Procedure

  1. Call up the transaction as follows:
    2.

    Menu Path

    Accounting ® Financial Accounting ® Fixed Assets ® Periodic Processing ® Year-End Closing ® Execute

    Transaction Code

    AJAB

  2. Enter the following data:
    3.

    Field

    Data

    Company code

    1000

    Fiscal year

    1998

    Test run

    Select

  3. Choose .

    4. To continue, in the dialog box, choose Yes.

    You receive a log for the test run. Year-end closing has not been executed. No errors occurred.

    In a productive system errors could occur if master data are incomplete or if depreciation postings have not been completed. In this case, you would correct the errors before restarting the test run.

    If you still want to close the fiscal year, you must run the process without a test run. This means, however, that no more postings are possible in the old fiscal year in Asset Accounting.

  4. Choose until the overview tree appears.