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IFRS Group Ledger Financial Close Guide

This document describes processes related to accounting and financial close for a group ledger that complies with IFRS standards. It includes processes for period-end closing, such as foreign currency valuation and accrual/deferral journal entries, and year-end closing tasks like regrouping receivables and payables and carrying forward balances. The scope supports general ledger accounting functions for financial statement display, trial balance, journal entry management, and more.

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antonydon
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294 views10 pages

IFRS Group Ledger Financial Close Guide

This document describes processes related to accounting and financial close for a group ledger that complies with IFRS standards. It includes processes for period-end closing, such as foreign currency valuation and accrual/deferral journal entries, and year-end closing tasks like regrouping receivables and payables and carrying forward balances. The scope supports general ledger accounting functions for financial statement display, trial balance, journal entry management, and more.

Uploaded by

antonydon
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Accounting and Financial Close - Group Ledger IFRS (1GA)

This scope item supports the following processes:


01 - Accounting and Financial Close - Main
SAP S/4HANA < 1GA - Accounting and Financial Close - G...

General Ledger Accountant

Accounting and
Financial
Closing -...


03 - Accounting and
Financial Close -
Parallel Ledger


04 - Accounting and
Financial Close -
Parallel Ledger


05 - Accounting and
Financial Close -
Operational Processing

06 - Accounting and
Financial Close -
Group Ledger IFRS


07 - Accounting and
Financial Close -
Parked Document


08 - Accounting and
Financial Close -
Period-End Closing


09 - Accounting and
Financial Close - Year-
End Closing
03 - Accounting and Financial Close - Parallel Ledger

SAP S/4HANA < 1GA - Accounting and Financial Close - Gro...

General Ledger Accountant

Accounting and
Financial
Closing -...

Display G/L
Account Balances

Display Line Item


Entries

Display Line Items


in General Ledger

Audit Journal

Journal Entry
Analyzer
04 - Accounting and Financial Close - Parallel Ledger

SAP S/4HANA < 1GA - Accounting and Financial Close - Gr...

General Ledger Accountant

Accounting and
Financial
Closing -...

Post General Journal


Entries

Clear G/L Accounts -


Manual Clearing with
Ledger Group

Clear Open Items


Automatically For Ledger
Group
05 - Accounting and Financial Close - Operational Processing

SAP S/4HANA < 1GA - Accounting and Financial Close - Gro...

General Ledger Accountant

Accounting and
Financial
Closing -...

Reset Cleared Items

Manage Journal Entries


06 - Accounting and Financial Close - Verify General Journal Entries Workflow

SAP S/4HANA < 1GA - Accounting and Financial Close - Group Ledger IFRS >

General Ledger Accountant

Accounting and
Financial Close -
Verify General...

Verify General
Journal Entries For
Requester

Reject Verify General


Journal Entries (for
Processor- Inbox)

Approve Verify Edit a Rejected Verify


General Journal General Journal Entry (
Entries (for Processor-
Inbox) Requester)
07 - Accounting and Financial Close - Parked Document

SAP S/4HANA < 1GA - Accounting and Financial Close - Grou...

General Ledger Accountant

Accounting and
Financial
Closing -...

Display Parked Journal


Entry
08 - Accounting and Financial Close - Period-End Closing

SAP S/4HANA < 1GA - Acco...

General Ledger Accountant

Perform Foreign
Currency Valuation

Process Batch Input


Session

Enter Accrual/ Deferral


Journal Entry

Reverse Accrual/
Deferral Jorunal Entry

Display Financial
Statement

Trial Balance

Trial Balance
Comparison
09 - Accounting and Financial Close - Year-End Closing

SAP S/4HANA < 1GA - Accounting and Financial Close - Gro...

General Ledger Accountant

Accounting and
Financial
Closing - Year-...

Regroup Receivables/
Payables

Carry Forward Balances

Process Batch Input


Session

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