1.

What is the use of period End Closing? What activities are performed as part of Period End Closing?

Answer»

Period end closing is work carried out at period end as part of cost controlling. To perform period end closing, it is required to transfer the data from other SAP components. You should perform all the posting in Finance Accounting.

As part of period closing, following activities are performed −

  • Periodic reposting
  • Accrual cost calculation
  • Pre-distribution of fixed costs
  • Transfer of statistical key figures from the LIS
  • Overhead calculation
  • Periodic allocations
  • Variance calculation
  • Actual price calculation


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