SAP_S4HANA_FI

FINANCIAL CLOSING OVERVIEW 1

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Effective date 22.03.2022

©FPT SOFTWARE – Corporate Training Center 1

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43e-BM/HR/HDCV/FSOFT V1.3 - ©FPT SOFTWARE – Corporate Training Center 2

SAP S4HANA FI
Financial Closing overview 1
 Agenda

01 02 0

Financial
Closing Financial
overview Statement
#1 Financial Closing Overview

43e-BM/HR/HDCV/FSOFT V1.3 - ©FPT SOFTWARE – Corporate Training Center 5

Periodic Closing Process
Pre-closing Activities:

• Technical: Open a new accounting period in FI,

close previous month MM, close subledgers in FI,
and perform preliminary close of the GL in FI.

• Financial closing FI: process purchase order

accrual, enter manual accruals and deferrals,
process recurring entries, process bad debts
expense in account receivables (AR)

• Material Management MM: maintain goods

receipt/ invoice receipt (GR/IR) clearing accounts,
post material revaluation

• Humance Resouces: Post Payroll expenses.

• Sales and Distribution SD: post goods issue for

deliverable to customers.
Periodic Closing Process – Monthly

Managerial Closing Activities:

• Perform Controlling CO allocations and reposting

• Lock the old accounting period
• Reopen the GL for adjustment postings.

Closing for external Report:

• FI: Perform valuation of open items in foreign

currency
• Technical: closing previous period
• FI or CO: create document reports like tax report,
asset history sheet for external report, ….
 Business Process Flowchart
Module: Finance Process ID: Process Name: Month end closing Date:

Operation Business Cycle : End of Month Business Cycle :Beginning of the next month
With Computer
Supplier Invoice
List
Manual (F1060a)
Operation Confirm all
(Non computer) supplier invoice
posted
S/4HANA
CLOUD Operation 50.3.1 Confirm all
Check Order customer invoice 1
Status posted
S/4 HANA
Financial & Accounting Department

CLOUD Report
Confirm all
-

Manage Verify General payment posted

Posting Periods Journal Entries
Other (F2293) (F2547) Verify General
Document Journal Entries
Open accounting Post monthly Confirm all (F2547)
Period accounting verified journal
- Next Month adjustment Verify General entries posted
S4HANA Cloud
(ApplicationID) Journal Entries
(F2547)
Confirm all asset
40.6.2 Reclass GIT Acquisition posted
File Maintain currency Allow Posting to
This step would be run as
exchange rate background job. Previous Period
(MMRV)
Conditional
30.3.1 Confirm all stock Disallow Posting to
Branch This step would be run movement done Previous Period
Stock Take
as background job.
Process Direction

Close Periods Allow Posting to

Previous Period
System

Comment (MMPV)
(MMRV)
Close Period for 50.2.7
Material Master Allow Posting to
Previous Period Material price
Other Records changes
Process ID

Remarks

Connecter

Copyright@2021 DAIICHI KIGENSO KAGAKU KOGYO CO., LTD. Copyright@2021 Business Engineering Corporation. All Right Reserved 8
 Business Process Flowchart
Module: Finance Process ID: Process Name: Month end closing Date:

Operation Business Cycle : Beginning of the next month

With Computer

Manual
Operation
(Non computer)

S/4HANA Perform Foreign Manage

CLOUD Operation Currency Valuation Posting Periods
(FAGL_FCV) (F2293)
S/4 HANA Perform foreign Close
Financial & Accounting Department

CLOUD Report
currency valuation adjustment period
Manage Repost GR/IR Verify General
-

Posting Periods (F.19) Post Tax Payable

(F2293) Journal Entries
Other (F1597) (F2547)
Document
1 Repost GR/IR Post 40.4.3
Post Tax Payable Monthly BCF for Closing analytics
S4HANA Cloud Regroup AP/AR VÁS
(ApplicationID) (FAGLF101) and reporting
Close accounting period
– previous month VAS BCF
and open adjustment period Regroup AP/AR Journal voucher
File

Conditional 41.5.1 50.3.1-3

Branch Asset depreciation Actual Costing

Process Direction

Comment

Other
Process ID

Remarks

Connecter

Copyright@2021 DAIICHI KIGENSO KAGAKU KOGYO CO., LTD. Copyright@2021 Business Engineering Corporation. All Right Reserved 9
Periodic Closing Process – Yearly

• For the final report of the fiscal year, in

addition to the regular month end
closing activities , year end closing
activities are performed.
• Pre-closing activities:
 Technical: open first accounting period
of new fiscal year, and perform balance
carryforward centrally in FI
 MM: Perform physical inventory count,
which may be performed monthly basis.
 PP or CO: update product cost estimate
 MM: perform lowest value
determination, and perform LIFO or
FIFO valuation
 AA: Perform asset valuation and
investment support
 FI: conduct balance confirmation for
customer/vendor
• Closing activities for external
reporting

• FI: Perform GR/IR analysis,

reclassification for payables/receivables,
reconciliation of prior to new year, and
other adjustment posting.

• Technical: Conduct final closing period

for AR/AP and GL

• FI or CO: create external report

 Business Process Flowchart
Module: Finance Process ID: Process Name: Year end closing Date:

Operation Business Cycle : End of Month Business Cycle : Beginning of the next month
With Computer
Supplier Invoice
Manual List
(F1060a)
Operation Confirm all
(Non computer) supplier invoice
posted
S/4HANA
CLOUD Operation 50.3.1 Confirm all
Check Order customer invoice 1
posted
Financial & Accounting Department

Status
S/4 HANA
CLOUD Report
Verify General Confirm all
-

Manage Journal Entries payment posted

Posting Periods (F2547) Verify General
Other (F2293) Journal Entries
Document (F2547)
Open accounting Post monthly Confirm all
Period accounting verified journal
- Next Month adjustment entries posted
S4HANA Cloud Verify General
(ApplicationID) Journal Entries
(F2547)
Confirm all asset
40.6.2 This step would be run as Reclass GIT Acquisition posted
File Maintain currency background job. Allow Posting to
exchange rate Previous Period
(MMRV)
Conditional This step would be run as 30.3.1 Confirm all stock Disallow Posting to
Branch background job. movement done Previous Period
Stock Take

Process Direction

Close Periods Allow Posting to

(MMPV) Previous Period
System

Comment (MMRV)
Close Period for 50.2.7
Material Master Allow Posting to
Previous Period Material price
Other Records changes
Process ID

Remarks

Connecter

Copyright@2021 DAIICHI KIGENSO KAGAKU KOGYO CO., LTD. Copyright@2021 Business Engineering Corporation. All Right Reserved 12
 Business Process Flowchart
Module: Finance Process ID: Process Name: Year end closing Date:

Operation Business Cycle : End of Month

With Computer

Manual
Operation Manage
(Non computer) Posting Periods
(F2293)
S/4HANA 41.5.2
Perform Foreign
CLOUD Operation Currency Valuation Year-end Close
(FAGL_FCV) Closing adjustment period
Financial & Accounting Department

S/4 HANA (For Asset)

CLOUD Report Perform foreign Post Tax Payable Verify General
currency valuation (F1597) Journal Entries
Manage Repost GR/IR (F2547)
-

Posting Periods (F.19)

(F2293)
Other Post 40.4.3
Document Close accounting period Post Tax Payable monthly BCF journal Closing analytics
1 – previous month Repost GR/IR for VAS
and open adjustment period and reporting
S4HANA Cloud Regroup AP/AR
(ApplicationID) (FAGLF101) VAS BCF
Journal voucher

Regroup AP/AR
File

Conditional 41.5.1 50.3.1-3

Branch Asset depreciation Actual Costing

Process Direction

Comment

Other
Process ID

Remarks

Connecter

Copyright@2021 DAIICHI KIGENSO KAGAKU KOGYO CO., LTD. Copyright@2021 Business Engineering Corporation. All Right Reserved 13
 Business Process Flowchart
Module: Finance Process ID: Process Name: Closing analytics and reporting Date:

Operation Business Cycle : Monthly

With Computer
Balance Sheet / Profit and Loss Trial Balance
Income Statement Balance Sheet Statement Cash Flow
Manual Multidimensional (ZGL601) (ZGL602) (ZGL603) (ZGL501)
VREC Accounting section

Operation (F3084)
(Non computer) Trial Balance Market Segment - Plan/Actual Material Inventory Values
Staff

Balance Sheet / (F0996) (F0925) - Balance Summary AR Trial Balance AP Trial Balance Cash Trial Balance Bank Trial Balance
Income Statement (F1422A) Generate (ZAR401) (ZAP401) (ZCM301) (ZCM302)
S/4HANA (F0708) VAS reports
CLOUD Operation Generate group Generate Generate inventory
reporting financial sales report balance report
statement G/L Transaction AR Detail Report AP Detail Report Input Tax
(ZGL301) (ZAR301) (ZAP301) (ZAP201)
S/4 HANA
CLOUD Report
Inventory Tag Fixed Asset Tag Fixed Asset Output Tax
(ZMM201) (ZFA101) Transaction (ZAR201)
(ZFA301)
Other
Document Inventory
Trial Balance
(ZMM301)
S4HANA Cloud BS / PL/CF VAT in/out
(ApplicationID) reports
DKK Finance Section

Fixed asset
-

DKK Finance team could also access directly Trial Balance

reports
to S4HC to generate these reports.
File GL line items
Receive Inventory
reporting package reports
Monthly Inventory Cash/Bank balance
Conditional BS / PL Trial Balance AR/AP
Branch Sales Report Report Detail/Balance

Process Direction
System

Comment

Other
Process ID

Remarks

Connecter

Copyright@2021 DAIICHI KIGENSO KAGAKU KOGYO CO., LTD. Copyright@2021 Business Engineering Corporation. All Right Reserved 14
 Report package – SAP generated report
Reports Application Variant Authorization

Balance Sheet and Income Statement Balance Sheet / Income Statement – Admin
Multidimensional (F3084)

Trial Balance Trial balance Admin

Monthly Sales Report Market Segments - Plan/Actual (F0925) P_1000_REPORTING_SALES LIST Admin

Inventory Report Material Inventory Values - Balance Summary 1000_P_REPORTING_INVENTORY Admin

(F1422A)

Inventory Movement Report Stocks for Posting Date P_COCD_BALANCE Sales

 Agenda

01 02
03 04 05

Financial
Closing Financial
overview Statement
#2 Financial Statements

43e-BM/HR/HDCV/FSOFT V1.3 - ©FPT SOFTWARE – Corporate Training Center 17

 Purpose of this lesson

This lesson introduces the financial statement version as a convenient means of the representing
both the balance sheet and profit and lost statement
Financial Statement version

• Financial statement version enables

you to configure the following aspect
of report format:

• Items to be included, the sequence and

hierarchy of these items.
• The text describing the items
• The Chart of account or individual
account relevant to the report
• The totals to be displayed.
 Financial Statement version
T-code: OB58 – Create Financial Statement Versions
Manage Hierarchy
Financial Statement version
T-code: OB58 – Assign text to each item
Financial Statement version
Financial Statement version
 Financial Statement version
T-code: FSE2 – Change Financial Statement Versions
 Financial Statement version
Balance sheet report
 Financial Statement version
Profit and Loss report
 Exercise
1. Create a financial statement report
Thank You !

43e-BM/HR/HDCV/FSOFT V1.3 - ©FPT SOFTWARE – Corporate Training Center 28