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In order to arrive at correct profit or loss for the month following checklist can be followed:
1) All the expenses including amortization, prepaid expenses, Preliminary expenses and accruals
have been booked.
5) Ensure that all documents related to MM & SD have been entered in system.
8) Technically complete all process orders which are fully processed (CORM).
10) Settle all process orders which are technically complete (CO88).
14) Depreciation Run (AFAB) has been carried out for the month
15) Close FI Posting period after the month end closing activity is over.
Check List for Period End Activities
• Year end closing Activities:
1) Calculate production work in progress on process orders which are not technically complete.
(With TC: F.16 we can carry forward the balance to next year.
6) Assets:
i) TC: OB 52 - for assets 2 years can be openned at a time.
ii) check which year is closed: TC: OAAQ
iii) Close the year 2004: TC: AJAB
Note: Unless depreciation for all the months is posted for all the assets you cannot close the
year.
iv) Open year 2005: TC: AJRW
Check List for Period End Activities
Few Transaction Codes for Period end activities:
4 - FI period open
7 - Bank Reconciliation
30 - Reclassification of GL balances
33 - Transfer to FI - 1KE8