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