SAP FICO Month End Activities - Part 2 | Closing Activities | WIP Calculation | Pradeep Hota

A detailed insight on Month end activities in SAP FICO (S/4HANA Finance). This video majorly covers WIP Calculation Methods, Variance Analysis, Overhead calculation and more.
Closing activities in SAP FICO involve all the month-end and year-end activities for finance and controlling modules.
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SAP FICO Training on S/4HANA (Associate)
skillstek.com/sap-fico-course/
SAP S/4HANA Finance Training (Migration)
skillstek.com/sap-s4hana-fina...
SAP Central Finance Training
skillstek.com/sap-central-fin...
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[@sandeshpadigela2079]

Good content

[@JyothiPrakashSAP]

Thank you sir

[@chiit70]

good one

[@PradeepHota]

Thanks

[@vikasmehrotra8304]

What is this new concept RISE in SAP? Can you confirm or shed on this?

[@rameshs555]

Sir part 3 link please

[@karthikan5343]

Hi sir good morning

[@sujoysarkar5406]

What is the difference between Cost Centre and Profit Centre

[@PradeepHota]

Cost Center is one of cost object where we transfer cost where as Profit Center includes both cost and Revenue .

[@sujoysarkar5406]

@@PradeepHota :How can we then prepare Cost vs Revenue Ledger Reconciliation ? From where the data to be taken Trial or From GL ledger?

[@PradeepHota]

We can use Margin Analysis for Cost & Revenue analysis for micro level analysis . If PCA need to be used then apply derivative rule for revenue determination & assign all cost object & Material to Profit Center