eSANDHI Khimji Ramdas SAP

Implementation Project
Training Manual FICO Asset Accounting

5.7 (AJAB) Asset Fiscal year Closing

TOPIC OBJECTIVES

Business Process Procedure Overview

Background
The asset module is closed for a fiscal year once all the book closure activities for the
financial year has been completed.
This function closes the fiscal year for asset accounting and no more transactions can be
posted in a closed fiscal year.

This activity is performed once all the audit adjustments have been posted and the books of
accounts finalises

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 eSANDHI Khimji Ramdas SAP
Implementation Project
Training Manual FICO Asset Accounting
PROCEDURAL STEPS

Accounting Financial Accounting Fixed Assets Periodic

Menu Path Processing Year end closing Execute
Transaction Code AJAB

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 eSANDHI Khimji Ramdas SAP
Implementation Project
Training Manual FICO Asset Accounting

Transaction Code : AJAB

Specify the relevant parameters:

Company Code: Company code where the next year is to be opened

Asset Classes: The asset classes to be closed other than Asset under construction class
Fiscal year: Fiscal year to be closed
Test Run: Always checked initially to check in case of errors

For final run, remove the check and execute.

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 eSANDHI Khimji Ramdas SAP
Implementation Project
Training Manual FICO Asset Accounting

Choose

Choose Exclude single values

Specify the AUC 4001 and

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 eSANDHI Khimji Ramdas SAP
Implementation Project
Training Manual FICO Asset Accounting

Once back in the main screen choose again

The log is issued.

As the depreciation has not been posted completely the closure cannot be carried out.

The problem needs to be rectified and then the transaction re-run without error log.

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 eSANDHI Khimji Ramdas SAP
Implementation Project
Training Manual FICO Asset Accounting

Choose Continue

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 eSANDHI Khimji Ramdas SAP
Implementation Project
Training Manual FICO Asset Accounting

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 eSANDHI Khimji Ramdas SAP
Implementation Project
Training Manual FICO Asset Accounting
Choose Immediate and Save or CTRL+S

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 eSANDHI Khimji Ramdas SAP
Implementation Project
Training Manual FICO Asset Accounting
Choose transaction code SM37 to have overview of the job:

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