Explaining Local Close for the General Ledger

​​This course will prepare you to: 

• ​Explain the technical and legal steps that need to be executed as part of the month and year end close. Highlight pre-closing and closing activities insert the unit names and tasks of the units 

• ​Explain the posting period intervals 

• ​Outline the use of special posting periods for year end closing  

• ​Explain the concept accruals and deferrals are and the different options available in SAP S/4HANA to create and post in the general ledger. 

• ​Explain how automatic clearing is executed 

• ​Explain the GL balances foreign currency revaluation 

• ​Explain when the balance carried forward program is used 
• ​Maintain a financial statement version using Global Accounting Hierarchies​