co co88 jpn execute collective settlement
DESCRIPTION
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Work Instruction CO88 - JPN - Execute Collective Settlement
Purpose
Use this procedure to execute collective settlement. Settlement All product cost collectors are settled so that Financial Accounting entries are generated for variances. The balance is posted to a price difference account in Financial Accounting with the offsetting P&L entry clearing the balance in the product cost collectors. Additionally, the variance split by cost components is transferred to the Material Ledger. Once settlement is completed, a check is done to ensure that all product cost collectors have a zero balance. Trigger Perform this transaction when there is a need to execute collective ettlement. Menu Path Use the following SAP Easy Access menu path(s) to begin this transaction: Accounting > Controlling > Product Cost Controlling > Cost Object Controlling > Product Cost by Period > Period-End Closing > Single Functions: Product Cost Collector > Settlement > CO88 - Collective Processing
Transaction Code CO88
Screen Flow
Procedure
1. In SAP, start the transaction using the menu path or transaction code.
SAP Easy Access
2. Double-click the Accounting node .
3. Double-click the Controlling node .
4. Double-click the Product Cost Controlling node .
5. Double-click the Cost Object Controlling node .
6. Double-click the Product Cost by Period node .
7. Double-click the Period-End Closing node .
8. Double-click the Single Functions: Product Cost Collector node .
9. Double-click the Settlement node .
10. Double-click the CO88 - Collective Processing node .
You can also enter "CO88" in the Command field "" and click Enter "" to go directly to this transaction.
Set Controlling Area
11. As required, complete/review the following fields:
Field R/O/C
Description
Controlling Area R
Organizational unit within a company, used to represent a closed system for cost accounting purposes. A controlling area may include single or multiple company codes that may use different currencies. These company codes must use the same operative chart of accounts.All internal allocations refer exclusively to objects in the same controlling area.
Example: TH01
12. Click the Enter button .
Actual Settlement: Production/Process Orders
13. As required, complete/review the following fields:
Field R/O/C
Description
Plant R
A plant is an organizational unit for dividing an enterprise according to production, procurement, maintenance, and materials planning. It is a place where materials are produced, or goods and services are provided.
Example: 7001
Field R/O/C
Description
Settlement period R
The settlement periods define that periodic partial settlement is to be carried out for a Rebate Agreement. This can be carried out at the relevant settlement dates.
Example: 11 Fiscal Year
R
Period, 12 months as a rule, for which the company is to create its inventory and balance sheet. The fiscal year can be the same as the calendar year, but does not have to be.
Example: 2008
14. Click the Processing type drop-down list .
15. Click the 1 Automatic list item .
16. As required, complete/review the following fields:
Field R/O/C
Description
Posting period R
A period within a fiscal year for which transaction figures are updated. Every transaction that is posted is assigned to a particular posting period. The transaction figures are then updated for this period.
Example: 11
17. Click the Detail List check box .
18. Click the Execute button .
Actual Settlement: Production/Process Orders Basic list
19. Double-click the Max. message type field .
Messages: Display messages
20. Click the Enter button .
Actual Settlement: Production/Process Orders Basic list
21. Click the Back button .
Actual Settlement: Production/Process Orders
22. Click the Test Run check box .
23. Click the Execute button .
Actual Settlement: Production/Process Orders Basic list
24. Click the Back button .
Actual Settlement: Production/Process Orders
25. Click the Exit button .
Result
You have executed collective settlement.
Scenario
Instructions In this simulation you are required to: Execute Collective Settlement in SAP ECC 6.0.
Required Data This section provides the field data required to complete this exercise. Refer to this data sheet as necessary while performing the exercise. Field Value
Controlling Area TH01
Plant
7001
Settlement period
11
Fiscal Year
2008
Processing Type 1 Automatic Detail List Check
Wednesday, July 15, 2009 CO_CO88_JPN_Execute Collective Settlement.udc
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