Explain ‘Managerial Closing’.

In ‘Managerial closing’ you will:

  • Do a preliminary Controlling period closing
  • Settle/re-allocate costs across Controlling organization
  • Draw and review internal reports
  • Re-open the Controlling period
  • Correct and adjust the accounting data, if required
  • Reconcile FI and CO by running the FICO Reconciliation Ledger
  • Run re-adjustment programs to ensure that the Business Areas and the Profit Centers are balanced
  • Draw reports and analyze

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