Reverse Revaluation Process after month end

Hi All,
I want to ask is it a common practice to reverse the revaluation postings done by FAGL_FC_VAL after the month end process? If so, that means the revaluation process is just giving us a better estimate of the outstanding AR and AP amount in the balance sheet to make it more accurate. Is this correct?
Thanks.

Hi,
Foreign Currency Valuation is needed for all open items (G/L, A/R and A/P) as per different Accounting Standards so that Balance Sheet of the entity displays correct Profit or Loss for the period.
However since the items are still open its advisable to reverse the valuation on the 1st day of the next period. That's why in FAGL_FC_VAL, system would posts to Unrealized Exch Gain /Loss Account.
There is an exception though to the Account with balance in Foreign Currency like Main Bank Account. In this case the difference in Foreign Currency needs to be posted to Exch Gain / Loss Realized Account.
Once the item gets cleared automatically system posts to Exch Gain / Loss Realized Account.
Regards,
Sanjay

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Reversal is only possible after CO month end closing

I am getting the error Reversal is only possible after CO month end closing while doing partial or full confirmation. I had already checked the OKP1 the period is open. Also in MMRV it is fine. Please suggest what could be the reason for this error.
With Regards
Tarun

HI
Yes u are right it is a custom message starting with Z. The message is as below:
Msg.typ Application Area     MsgNo Name of Area of Responsibility Spec.ResAr Number   Numer.
Order        Seq.   OpAc
Message Text
E       Z1                   025                                                  1        1
Reversal is only possible after CO-month end closing !
In detail analysis the only details are
Reversal is only possible after CO-month end closing !
Message no. Z1025
Also when i do the back button the message i am getting is
Error in determining actual costs for order. The detail analysis for the same is
Error in determining actual costs for order 70076492
Message no. RU085
Diagnosis
The actual costs could not be determined correctly due to incorrect or missing data.
System Response
The determination of actual costs is terminated.
However, the confirmation itself can be saved. Error records are written for a subsequent determination of actual costs. Using these error records, the determination of actual costs can be repeated once the original causes of the errors have been removed.
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Procedure
You can find the exact cause of the termination of the determination of actual costs in the error log for actual cost determination.
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Incomplete Process order settlement at Month end.

We have issue with order settlement during the month end. We have process orders that run over the week (thus will run over the month-end), with REL, PCNF, and PDLV status at the month end. Production does not want to close/ TECO those orders, as we are not yet done. But FI wants to settle them for the month end.
1) Can FI settle those REL work orders, as mentioned before?
This is what I found:
2) The standard practice is TECO, is to set before closing the order.
3) You can only perform (business) closing for a process order if (CLSD):
The order has status Released (REL), Control recipe created (CRCR) or Control recipe discarded (CRAB), or Technically completed (TECO). To have status Technically completed, the order must have already reached status Released.
The order balance is 0.
There are no more open purchase requisitions, orders, or commitments for it.
All data related to the process order is available and correct (For example, the inspection lots for the order must be completed).
There are no future change records from the confirmation processes
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B.      TECO after settlement, and also after DLV and CNF status.
C.      Close after TECO.
Upload in your comments, if there is any link.
Thanks, points will be rewarded.

Hi Abi,
Since the Process order is in uncompleted stage and partially delivered to stock, still it has WIP to be delivered to stock.
Calculate the WIP value & settle the order in Month end.
Prerequisite for WIP calculation is order should has REL status.
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Over head calculation
WIP calculation
Variance calculation - Once the Order receives - DLV /TECO status.
Order settlement.
Order closing
Regards
Pradeep

Using accrual engine for reversal of month end provisions

Hello everyone,
I am working on a requirement to set up accrual engine for automatic reversal of month end provisions (like electricity expense provision at month end which will be reversed on first day of next month).
I understand that accrual engine is meant for handling accruals and deferrals. But having seen the manual option of FBS1 and F.81, I felt there must be an option in the accrual engine also to handle provisions and their reversal. Also, I saw some comments in this forum that using accrual engine it is possible to automatically reverse the postings.
So I set up a test scenario in sandbox client with basic configuration for Manual Accruals (accrual type, methods, object category, number ranges, account determination)
After that I created an accrual object which automatically created an FI document for the provision entry. So far it is fine and working as expected. Now, for reversing the document, I see two options:
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2) Reverse the accrual object.
By reversing the accrual object, I was able to post a reversal FI document. I am not sure whether reversal of entire accrual run is right option since SAP help recommends to use this in case wrong key date was used.
But both options require manual execution for reversal.
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Any inputs/pointers from the learned members will be highly appreciated.
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Hello Raghu,
As far as I know, all clients I worked with preferred using "FBS1+background job for F.81" as they found this more flexible (adapt job variant and possible dynamic selection), easy to maintain and well understood by accountants (rather than using accrual type, methods, object category...)
Tamim

Month end processes

hello ,
can somebody kindly lists some generic month end processed for fi and co , we are not using ex.rates now.
thnaks very much.

Hello,
1. Recurring Documents.
a) Create Recurring documents
b) Create Batch Input for Posting Recurring Documents
c) Run the Batch Input Session
2. Posting Accruals or Provisions entries at month end
3. Managing the GR/IR Account-Run the GR/Ir Automatic Clearing
4. Foreign Currency Open Item Revaluation-Revalue Open Items in AR.AP
5. Maintain Exchange Rates
6. Run Balance Sheets Run Financial Statement Version
7. Reclassify Payables and Receivables if necessary
8. Run the Depreciation Calculation
9. Fiscal Year Change of Asset Accounting if it is year end
10. Run the Bank Reconciliation
11. Open Next Accounting Period
Check out the following link
http://www.sap-img.com/financial/check-list-for-fi-year-end-closing.htm
Assign points if useful
regards
Genie

FC revaluation morethan once in month-end

Hi all,
If I run Fc revaln. more than once on the same key date, I would like to know what would be the impact.
Can we do?
I have run f.05 for a customer twice. both the times, system is calculating the difference and posting the same which is not supposed to, as I have not changed exchange rate.
Further, I would like to know whether system updates the customer line items in BSID-BDIFF and BDIF2 with the amount revaluated.
Regards,
AJ

Hi Rajiv,
thank you for the inputs. But, I dont want to do balancesheet preparations as I am using F.05 for month-end reporting.
Eventhough, I have not picked up the reverse posting check box, system is automatically reversing the docuemnt on the next day.
I am revaluating for a customer. I have selected the create postings check box.
for GL revaluations, once the run is carried out on a specific day, it will post the docs and when we try the second time, it will run f.05 but will not show any revaluated amount as there is no difference in the exch. rate eversince last run.
But for a customer, it is recaluating the same difference and posting the same as many no of times as I run f.05 which is not anticipated.
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Forex Month End Process, Need Steps

Gurus,
Need steps for FOREX valuation on month end.
Kindly, please.
Thanks.

Hi
T-code FAGL_FC_VAL
BR Tarik
read the SAP help:
Foreign Currency Valuation Locate the document in its SAP Library structure
Use
To create your financial statements, you have to perform a foreign currency valuation. This valuation covers the following accounts and items:
Foreign currency balance sheet accounts, that is, the G/L accounts that you run in foreign currency.
The balances of the G/L accounts that are not managed on an open item basis are valuated in foreign currency.
●     Open items that were posted in foreign currency.
Open items that are open on the key date are valuated in foreign currency.
You have the following options for the foreign currency valuation:
●     You can perform the valuation in local currency, (company code currency), or a parallel currency (for example, group currency).
You can also use different valuation methods (for example, lowest value principle).
If you translate additional currencies from the local currency, foreign currency valuation automatically performs a currency translation according to FASB 52 (US GAAP).
Caution
You can only perform a valuation run once for each valuation area for a specific key date.
Prerequisites
You have made the following settings in Customizing:
●     You have defined exchange rates.
For more information, see Exchange Rates.
You have made the settings in Customizing for new General Ledger Accounting under Financial Accounting (New) ® General Ledger Accounting (New) ® Periodic Processing ® Valuate.
●     Define Valuation Methods
You have defined a valuation method here.
●     Define Valuation Areas
Here, you have defined a valuation area and assigned a valuation method to it.
●     Assign Valuation Areas and Accounting Principles
If you are using parallel ledgers, you have assigned to the valuation area an accounting principle that is also assigned to a ledger group.
The exchange rate differences from the parallel valuation are posted in this valuation area. If you perform a parallel valuation with a different valuation method to the first valuation, you do not have to reverse the postings from the first valuation. This information is then available for subsequent closing operations, for example, Transferring and Sorting Receivables and Payables
●     Foreign Currency Valuation ® Prepare Automatic Postings for Foreign Currency Valuation.
Here, you have defined the expense and revenue accounts for exchange rate differences from valuations. For payables and receivables accounts you must also define the financial statements adjustment accounts.
Features
The program Foreign Currency Valuation (New) comprises the following functions:
Valuation of foreign currency balance sheet accounts
Valuation of open items in foreign currencies
●     Saving the exchange rate differences determined from the valuation per document
●     Posting account assignments in valuation documents:
If you use document splitting, the valuation documents are posted with the account assignments that you have defined as document splitting characteristics in Customizing.
○     For balance valuation, you can define additional account assignment characteristics. These characteristics are always updated (even if you do not use document splitting). You define the additional account assignment characteristics in Customizing for foreign currency valuation under Define Additional Account Assignments for Balance Valuation. For more information, see the documentation on this IMG activity.
●     Performing the adjustment postings required
Note
The following topics describe how to perform foreign currency valuation using the reports, and how to post valuation differences. You can also make this posting manually. From the SAP Easy Access screen, choose Accounting ® Financial Accounting ® General Ledger ® Document Entry ® Valuate Foreign Currency.
Activities
To perform a foreign currency valuation, from the SAP Easy Access screen, choose Accounting ® Financial Accounting ® General Ledger/Accounts Receivable/Accounts Payable ® Periodic Processing ® Closing ® Valuate ® Foreign Currency Valuation (New).

Settlement of the month end process order KKS1 & C088

Hello all ,
we are trying to settle the variance & upadte WIP for the month end but facing some problems.
When try to Run KKS1 getting the errors for some ordera as
Only remaining var. in version 0 - no target costs for 000001003928.
Should we just ignore these errors & proceed with the settlement which is using Txn CO88.
Also if I run the CO88,I hope it just updates the WIP account so whether there is any high risk of running this transaction.
Any documentaion on CO88 will be helpful & also if you can explain what is reasons for the errors on KKS1 then it will be quite helpful .
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AG

Hello All ,
One more question . I have done the variance calculation for my process order via KKS2 but when I run CO88 it does not settle this order . Not sure what is the criteria for order not considered for the settlement.
Order already has the delivered & Techoed status.
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Project Accounting Month end Closing Process

Dear Experts,
Any one can help me by explaining Project Accounting Month End Closing Process
Thanks & Regards
Bharath

Bharath
1. Clear all the transactions from Interface tables
2. Import them
3. Run all the Expenditures (PRC, Interface processes) make sure none of the expenditures are not accounted
4. Run Borrow and Lent process if any, Transfer to GL
5. Run Revenue Process, make sure revenue is generated, accounted
6. Review the revenue draft versions created, make sure all revenue draft versions are released
7. INterface revenue to GL, then later Tie back process
8. Run the Invoicing process
9. Make sure to Approve, release all the Invoices in draft version
10. Interface to AR ( ensure that none of the records are in error)
11. Auto Invoice Import in AR
12. Tieback process in PA
13. run Exc: Transaction Exception details by GL Period/ PA period , Exc: Transaction Exception summary by GL Period/ PA Period
14. Make sure the report output on step 13 are blank, if yes try to clear all the transactions and re run the reports
15. Now try closing the period
Thanks
Krishna

MM Month end Process

Hi,
Could anyone please explain briefly about the MM Month end Process.
Very Urgent!!!!!!!!11
Reg,
Ashok

Hi
In order to complete month end process we need to close MM period
following are some trnx which we use for month end closing process
MMRV:You can see which period is open in MMRV and sed to open back period posting for one period.example, if ur period open 12th(december), You can posting in 11th (November) by allowaing back posting.
MMPV : is used to closed Old period which in turn open new period ( i.e If u close dec period it will open Jan period as current period and Dec will become Previous period)
All above are related to MM module
In similar way FI peoples also close or open new periods
also read following for more info
http://help.sap.com/saphelp_nw04/helpdata/en/50/dc9e10122211d3a54fdfb7b31fd578/frameset.htm
Vishal...

Daily doing month end process

Hi
Is that ok to do the month end process ( WIP calcualation / Variance calculation and settlement ) settlement daily. ( Is there any impact to FI )
Pls help

Hi,
Yes. You can do daily settlement on today's posting date for the Production orders which are technically complete or fully delivered for each day. This will not have any impact on Finance. There shall be no extra entries and no data inconsistencies, etc as you fear.
Trust this helps much!
Cheers!

Required Month end process in MTS

Dear All,
Plz. explain me the details for Month end process in Make to Stock (Repititive Manufacturing)
OH Calculation
WIP Calculation
Variance Calculation
Settlement what is entries system will pass and how the system is picking the G/L account or Cost centers
and i have few more doubts life what is the use of
What is PCC
What is Production Version
What is Mixed price costing
What is Preliminary costing
What is Failure Cost how to post and how to analize.
Plz. dont send me any links i already go through it.
Regards
Radha
Edited by: Radha Yandrapu on Sep 15, 2010 10:28 AM
Edited by: Radha Yandrapu on Sep 16, 2010 3:27 AM
Plz. dont send me any links i already go through it.
Moderator: Apparently, not enough, if you are asking about basic concepts

Hi,
Month end process for MTS using Product cost collectors:
In repetitive manufacturing we do the perios end closing for the material.(Product cost collector created for a material). all the costs are collected on the PCC instead of the individual production order.Pls follow the following month end process in rep manufacturing for individual processing.
Overhead calculation- Co42
WIP Calculation- KKAS
Variance Calc-KKS6
Settlement- KK87
The system will pick the GLs for wip and variance settlement based on the assignment we maintain in customising for Line IDs, Assignment and Update in the period end closing activities in SPRO.
PCC- it is a Product cost collector created using a production version, BOM, Routing for the material.
Production version- it is created using either Bom and routing or Plant material combination.
Mixed costing- it is a cost estimate created for a material using various procurement alternatives(based on equivalance nos).
Preliminary costing- it denotes the planned values for a cost object created like production order or product cost collector based on the quantity structure in PP module.
Hope this helps you.
Regards,
Vishnu.
VST IT Projects.

Reverse Revaluation Process after month end

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