Closing Activities in Controlling

[Former Member]

Hi

I have to close the financial year for my client, the client doesnu2019t have COPA. I want to know what steps I should follow for the closing of financial year with respect to Controlling.

Can anyone suggest me the steps or activities which must be followed in controlling for closing the financial year keeping in mind that COPA is not present.

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[Former Member]

Hi,

In addition the below points can be considered.

Internal Orders needs to be settled before CCA assessments completes (assuming that IO are settled to CC)

-Updating actual SKF, if any.

-Actual overhead calculation, if any.

Umapathi G

[Former Member]

hi..

For Actual - Period End closing

1. Expenses will be booked in various cost centre through FI

2. Execute actual assessment/dist cycle for allocating expenses from service to production cost centers (KSU5/KSV5)

3. Calculate activity price on production cost centers (KSII)

4. Execute revaluation of prod orders with actual activity price (CON2 )

5. Calculate WIP (KKAX / KKAO)

6. Calculate Variances (KKS1)

7. Execute settlement (CO88)

kkumar

[Former Member]

Hi,

Below are Closing operation in Controlling :

1. All the reposting which need to done from one cost center to another cost center.

2. run Assessment and Distribution cycle for the closing period.

3. Do settlement for all order i.e internal orders and production orders

4. Calculate WIP

5. Calculate Variance for the closing period.

Regards,

Sreekanth