F1124 Explaining Local Close for the General Ledger

Course details

— ID: F1124_EN_Col05
• Code: F1124
• Language: English
• Version: 05
• Solution release: SAP S/4HANA CLOUD 2502
• Training method: self-study

Included in bundle/package

You can buy this course at the best price in the following bundles/packages:

• Package Master SAP S/4HANA Finance v2023, SAP S/4HANA Management Accounting v2023, SAP S/4HANA Cloud v2508, TRM, CF, RE-FX, GR

Description

Software: SAP S/4HANA Cloud Public Edition 2502

Course Content

* Recurring Entries
* Accruals and deferrals
* Automatic clearing
* Concept of special posting periods
* GR/IR Clearing
* Balance Carryforward
* Foreign Currency Revaluation
* Reporting (Financial Statement Versions)
* Ledger specific postings

Course Goals

* Explain the technical and legal steps that need to be executed as part of the month and year end close. Highlight pre-closing and closing activities insert the unit names and tasks of the units
* Explain the posting period intervals
* Outline the use of special posting periods for year end closing
* Explain the concept accruals and deferrals are and the different options available in SAP S/4HANA to create and post in the general ledger.
* Explain how automatic clearing is executed
* Explain the GL balances foreign currency revaluation
* Explain when the balance carried forward program is used
* Maintain a financial statement version using Global Accounting Hierarchies.

About the course

The course includes a manual in full color and high quality in PDF format.

Disclaimer

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