Detailed info on Leaving /Separation Action

Hi Folks,
I would like to know how Leaving/separation action works in PA, and what happens after that in-terms of Full & Final Calculation.
if the scenario is as explained below;
An employee's last date in company is 15.03.2008 and this 15 days he has worked has to be calculated as his/her full and final settlement.
Action:
Run Leaving/separation Action in PA40 effective 15.03.2008, Delimit all his records (Pls specify what all Infotypes has to be dellimited and what all infotypes should not be delimited)
I would like to know what happens after this...?
How would his payroll be run for full and final settlement calculation...?
points will be rewarded.
regards,
Santhosh

Hi TS,
Appreciate your answer, it is more detailed.
One more Info FYI - IT0007 should also not be delimited, other wise payroll while running throws error.
regards,
Santhosh

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