What r daily, weekly, montly and yearly jobs? FICO

Question

What r daily, weekly, montly and yearly jobs? i faced this question in one interview what is the answer

Answer 1

Hi
Month end closing Activities
1. All the expenses including amortization, prepaid expenses, Preliminary expenses and accruals have been booked.
2. Complete Bank Reconciliation
3. Make sure that Sum of Inter company balances is Zero
4. Suspense Accounts should be cleared regularly.
5. Ensure that all documents related to MM & SD have been entered in system.
6. Ensure that all billing documents are released to accounting.
7. Calculate Overheads on all process Orders (CO43)
8. Technically complete all process orders, which are fully processed (CORM).
9. Calculate Variance (KKS1)à (Relevant only if Standard cost is calculated).
10. Settle all process orders, which are technically complete (CO88).
11. Close All settled Process Orders
12. Close MM period (Transaction Code: MMPV).
13. Carry out GR/IR clearing (F.13) transaction
14. Depreciation Run (AFAB) has been carried out for the month
15. Close FI Posting period after the month end closing activity is over.
Year end closing Activities:
1. Calculate production work in progress on process orders which are not technically complete.
2. Carry out Assessment cycle for Cost Centers.
3. All month end closing Activities should be carried out.
4. Carry Forward Balances to next year
a. copy Number ranges to next year (T.Code: OBH2)
b. Carry Forward GL balances to next year(T.Code: F.16)
c. Carry Forward Customer/vendor balances to next year(T.Code: F.07)
5. Close CO Posting Period : T.Code: OKP1
6. Close the year open next year periods by selecting the Posting Period Variant. (T.Code: OB52)
7. Change Fiscal Year For Assets - T.Code: AJRW
7. Year end Closing-- Asset Accounting--final for year end - T.Code: AJAB
8. To check which year is closed for asset accounting - OAAQ
please try to search the forum once before u post these kind of queries..
Assign points if helpful...
Sunoj