What is period-end closing in SAP (FIN-FSCM-TRM-TM - Transaction Manager)?

SAP Term: period-end closing

• Component: FIN-FSCM-TRM-TM

• Component Name: Transaction Manager

• Description: The closure of an accounting period in the securities area, involving the following activities: Posting of price gains and losses Blocking of retrospective purchases and sales Generating adjustment records to ensure that positions with the same class in different securities accounts are valued in the same way Recalculating and reposting capitalized interest relating to sales as well as price gains and losses for securities positions managed according to the scientific amortized cost method SAC

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• Key Concepts: 
  Period-end closing is a process in SAP Transaction Manager (FIN-FSCM-TRM-TM) that allows users to close the books for a specific period. This process involves reconciling accounts, creating financial statements, and ensuring that all transactions are accounted for. It is an important step in the financial reporting process. 
  
  How to use it: 
  To use period-end closing in SAP Transaction Manager, users must first ensure that all transactions have been entered into the system. Once this is done, users can begin the period-end closing process by reconciling accounts and creating financial statements. Finally, users must review the results of the period-end closing process to ensure accuracy. 
  
  Tips & Tricks: 
  It is important to ensure that all transactions have been entered into the system before beginning the period-end closing process. Additionally, it is important to review the results of the period-end closing process to ensure accuracy. 
  
  Related Information: 
  For more information on period-end closing in SAP Transaction Manager, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature.