Year End Activities for AA

The following are closing procedure for AA

1. Capitalize pending Asset capitalization

2. Capitalize Asset under construction

4. Post Depreciation/Run Depreciation

5. Close last fiscal year exp: 2011

6. Open new Fiscal year (2012)

Please do let me know if you have any concerns

Regards, MS

Hi Srikrishna,

Please find the below list of Year end activities in Asset Accounting.

1     Depreciaition Run     AFAB

2     Periodic Transfer Postings     ASKB

3     Close Financial Year     AJAB

4     Open New Fiscal Year     AJRW

5     Close FI Periods for AA     OB52

and aslo find the below details of GL year end activities, might help you out when you need.

1     Foreign currency Valuation     F.05

2     Forex Rate Maintainance      OB08

3     Auto Accounts Clearing      F.13

4     GR / IR Accounts Clearing F.19

5     Accrual Postings      FBS1

6     Reverse Accrual Postings F.81

7     GL Balances Carry Forward to New FY F.16

8     Close Posting Periods FI      OB52

9     Close Posting Periods MM      MMPV

Accounts Recievable     

1     Foreign currency Valuation for Open Items     F.05

2     Customer Open Item Clearing      F-32

3     Balances Carry Forward to New FY      F.07

Accounts Payable     

1     Vendor Payments / Down Payments Made     F110, F-48

2     Foreign currency Valuation for Open Items     F.05

3     Vendor Open Item Clearing      F-44

4     Balances Carry Forward to New FY      F.07

Regards

Sridhar