Steps During Period End Closing
1. Execute the Accrual Proposal Run:
- Transaction: ACEPROPOSALRUN
- Purpose: This step calculates and stores the accrual amounts for individual accrual objects in a database table. These accrual amounts represent the proposals that will be reviewed and/or approved.
2. Review and/or Approval Transactions:
a. For Reviewers:
- Transaction: FACRARVWCO
- Users: Controllers (and optionally G/L accountants)
- Authorization Check: Checks authorization to perform CO reporting on corresponding CO objects like cost center or profit center.
- Customization: Enhance authorization check logics if needed using the IMG activity Enhance Authorization Check Logics. Use the BAdI BADI_FACRA_AUTH_CHECK.
- Enhancement Spot: Selection parameters in the selection screen can be enhanced with the enhancement spot ES_FACRA_RVW_APPRV_SEL.
b. For Approvers:
- Transaction: FACRAAPPRVGL
- Users: Primarily G/L accountants
- Enhancement Spot: Selection parameters in the selection screen can be enhanced with the enhancement spot ES_FACRA_APPROVAL_SEL.
- BAdis Available for Both Transactions (FACRARVWCO and FACRAAPPRVGL):
i. BADI_FACRA_ADJUST_RESULT: Adjust the selection result before it is shown to the end user.
ii. BADI_FACRA_UI_NAVIGATION: Define the navigation target when clicking on a field in the worklist.
iii. BADI_FACRA_ADJMT_TOL_CHECK: Check whether the adjustment of the accrual amount is acceptable and whether an attachment is provided.
3. Execute the Accrual Posting Run:
- Transaction: ACEPOSTINGRUN
- Purpose: Post the reviewed and/or approved accrual amounts.
Additional Features for Review and Approval
Define Thresholds: Set thresholds to avoid reviewing or approving small amounts, thus streamlining the process.
Define Time Intervals: Specify time intervals during which the review and approval processes must take place to ensure timely completion.
