Training IG Financial Close

7/24/2019 Training IG Financial Close

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SFIN - Training Series

Financial Close

16thJune 2015


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Objectives

Understand the universal ournal conce!t

"#!lain reconciliation !rocess $ith Si%!le &inance

Understand the enhanced !eriod end transaction codes

"#!lain ne$ o!ti%i'ed transaction codes &or Financial close


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Training Scope- Financial Close

Universal Journal Conce!t(econciliation)eriod "nd transactions


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Universal Journal Concept

Before Simple Finance


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Before Simple Finance


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Custo%

s!eci&ic

Single re!ositor* o& ournal entries across %ulti!le a!!lications $ithout redundan

Universal

Journal

This enables deeper, instant insight across all dimensions, easier etensibilit!,and process optim

accelerated financial close#

)u+lic

Sector

)ro&ita+ilit*

,nal*sis

Fi#ed

,ssets

aterial

.edger

,ccounts

(eceiva+le

g%t/

,ccounting

,ccounts

)a*a+le

eneral .edger

The ne$ %rinciple of O&'



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Universal Journal

Universal ournal entries are $ritten to a ne$ ta+le ,CC,/

ne line ite% ta+le $ith &ull details &or all a!!lications/ It includes thedata o& FI-.3 FI-,,3 C3 C-),4,ccount +ased C-)C-,CT

a!!lications/ 7ence reconciliation not re8uired/

,ccount +ased C-), is &ull* integrated $ith ournal entr*/ ,ll

characteristics are stored in universal ournal

No reconciliation re8uired +et$een .ine ite% and Total ta+le

Fast %ulti-di%ensional re!orting !ossi+le $ithout re!licating data to

+usiness $arehouse 49:/

I& 9: is in !lace an*$a*3 onl* one single 9I e#tractor needed

4instead o& %an* toda*/


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CO-F( )econciliation

Classic . ,ccounting No real ti%e integration +et$een C-FI $hreconciliation/

Ne$ . ,ccounting(eal Ti%e C-FI integration can +e do

reconciliation clearing account

Si%!le Finance Financial and %anage%ent accounting %ergJournal / So no %ore reconciliation e&&orts


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F(- %* )econciliation

:ithout Si%!le Finance

No real ti%e reconciliation +et$een FI ; ), adi&&erent ta+les

:ith Si%!le Finance(econciliation not re8uired3 all characterist

Universal Journal


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F(- ** )econciliation

:ithout Si%!le Finance

,sset accounting data stored in di&&erent ta+,N")3 ,N,)=/

:ith Si%!le Finance,sset accounting and . in&or%ation storeta+le / FI-,, reconciliation transaction li>e ,

o+solete/ e!reciation !osted at individual as


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'nhanced %eriod 'nd Transaction codes

Co!*right @ 2015 ,ccenture ,ll ri ghts reserved/

.epreciation )un/ T#code - *F*B

Selection screen is si%!li&ied ulti!le co%!an* codes and accounting !rinci!al can

+e selected )osting docu%ent is u!dated in Financial ,ccounting at

asset level )eriod end closing can +e !er&or%ed even i& there are

errors on individual assets


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'nhanced %eriod 'nd Transaction codes cont0

1


Openclose posting period / T#code 2 OB31

!tion to select !osting !eriod variant is availa+le atinitial screen/

$e can choose the o!tion $hether %aintaining !eriods

at !osting !eriod variant level or %aintaining !eriods

&or all !osting !eriod variants si%ultaneousl*/

I& $e choose %aintenance at !osting !eriod variant

level3 then another user can %aintain !eriods &or a

di&&erent !osting !eriod variant at the sa%e ti%e/

No$ authori'ation can +e given at !osting !eriod

variant level/


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'nhanced %eriod 'nd Transaction codes cont0

4


Balance Carr!for$ard /T#code 2 F*5657T)

Single transaction &or FI B,, +alance carr* &or$ard 3 eas* access

to +alance carr*&or$ard details/ The !rogra% creates line ite%s &or each B. account and account

assign%ent/ ocu%ent $ill +e created starting $ith 9D &ollo$ed +* nu%+er

and it also u!date docu%ent status CD (e!eat run can +e !er&or%ed +* doing (eset +alance

carr*&or$ard Carr*&or$ard results can save $ith save result list o!tion 7istorical (ecords can dis!la*ed through Results Lists

!ush+utton


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'nhanced )eal 2time Functionalit!


)eal-Time Overhead Calculation

verhead Calculated as soon as entries !osted at costo+ect

No need to e#ecute !eriod end overhead calculation

transactions li>e


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&e$ Optimi"ed %eriod 'nd Transaction codes


7ariance Calculation for cost center

Ne$ !ti%i'ed T/code


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&e$ Optimi"ed %eriod 'nd Transaction codes cont0


%roduction 7ariance Calculation

Ne$ !ti%i'ed T/code


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Optimi"ed %eriod 'nd Transaction codes cont0##


9(% Calculation

Ne$ !ti%i'ed T/code


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Optimi"ed %eriod 'nd Transaction codes cont0


)esult *nal!sis for Sales Order

Ne$ !ti%i'ed T/code


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&e$ Optimi"ed %eriod 'nd Transaction codes Cont##


(nternal Order Settlement

Ne$ !ti%i'ed T/code


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&e$ Optimi"ed %eriod 'nd Transaction codes Cont0


Sales Order Settlement

Ne$ !ti%i'ed T/code H,GG7 Sa%e &unctionalit* o& T/code H,GG 3 no changes in In!ut and

ut!ut !ara%eter/ It $ill accelerate sales order settle%ent !rocess/


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&e$ Optimi"ed %eriod 'nd Transaction codes cont0#


%roduction Settlements

Ne$ !ti%i'ed T/code CGG7 Sa%e &unctionalit* o& T/code CGG 3 no changes in In!ut and

ut!ut !ara%eter/ It $ill accelerate settle%ent !rocess &or !roduction order3

!rocess order and )roduct cost collector


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Summar!


Period end transactions o!ti%i'ed $ith co%!le# calculations !ushed to 7,N, .a*er and use o& linethan aggregates/

Performancei%!rove%ent in re!orts3 closing due to inherent 7,N, advantage added $ith changed

architecture .ine ite% level lin>age o& Financials and Controlling ta+les results in reconciled data Use o& e%+edded 9I and e#cel &ront end3 along $ith S,) delivered +usiness content enriches plann


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Financial Close

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Financial Close

Than= !ou

Documents

Training IG Financial Close