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Work Instruction

CO88 - JPN - Execute Collective Settlement

Purpose Use this procedure to execute collective settlement. Settlement All product cost collectors are settled so that Financial Accounting entries are generated for variances. The balance is posted to a price difference account in Financial Accounting with the offsetting P&L entry clearing the balance in the product cost collectors. Additionally, the variance split by cost components is transferred to the Material Ledger. Once settlement is completed, a check is done to ensure that all product cost collectors have a zero balance.

Trigger Perform this transaction when there is a need to execute collective ettlement. Menu Path Use the following SAP Easy Access menu path(s) to begin this transaction: Accounting > Controlling > Product Cost Controlling > Cost Object Controlling > Product Cost by Period > Period-End Closing > Single Functions: Product Cost Collector > Settlement > CO88 - Collective Processing

Transaction Code CO88

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Screen Flow

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Procedure 1. In SAP, start the transaction using the menu path or transaction code. SAP Easy Access

2. Double-click the Accounting node 3. Double-click the Controlling node 5. Double-click the Cost Object Controlling node 6. Double-click the Product Cost by Period node

. . . . .

4. Double-click the Product Cost Controlling node

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7. Double-click the Period-End Closing node

8. Double-click the Single Functions: Product Cost Collector node . 9. Double-click the Settlement node . 10 Double-click the CO88 - Collective Processing node . . You can also enter "CO88" in the Command field " " and click Enter " transaction. Set Controlling Area " to go directly to this

11 As required, complete/review the following fields: . Organizati R/O/C onal unit within a company, used to represent a closed system for cost accountin g purposes. A Description

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controllin g area may include single or multiple company codes that may use different currencies . These company codes must use the same operative chart of accounts. All internal allocation s refer exclusivel y to objects in the same controllin g area. Field Example: TH01 R Controlling Area

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12 Click the Enter button .

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Actual Settlement: Production/Process Orders

13 As required, complete/review the following fields: . A plant is R/O/C an organizati onal unit for dividing an
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Description

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enterprise according to productio n, procurem ent, maintena nce, and materials planning. It is a place where materials are produced, or goods and services are provided. Field Example: 7001 R Plant

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R Period, R/O/C 12 months as a rule, for which the company is to create its inventory and balance sheet. The fiscal year can be the same as the calendar year, but does not have to be. The settlemen t periods define that periodic partial settlemen t is to be carried out for a Rebate Agreemen t. This can

Description

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be carried out at the relevant settlemen t dates. Field Example: 2008 Fiscal Year Example: 11 R Settlement period 14 Click the Processing type drop-down list . 15 Click the 1 Automatic list item . 16 As required, complete/review the following fields: . A period R/O/C within a fiscal year for which transactio n figures are updated. Every transactio n that is posted is assigned to a
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. .

Description

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particular posting period. The transactio n figures are then updated for this period. Field Example: 11 R Posting period 17 Click the Detail List check box . 18 Click the Execute button . . .

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Actual Settlement: Production/Process Orders Basic list

19 Double-click the Max. message type field . Messages: Display messages

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20 Click the Enter button .

Actual Settlement: Production/Process Orders Basic list

21 Click the Back button .

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Actual Settlement: Production/Process Orders

22 Click the Test Run check box . 23 Click the Execute button . .

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Actual Settlement: Production/Process Orders Basic list

24 Click the Back button .

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Actual Settlement: Production/Process Orders

25 Click the Exit button .

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Result You have executed collective settlement.

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Scenario Instructions In this simulation you are required to: Execute Collective Settlement in SAP ECC 6.0. Required Data This section provides the field data required to complete this exercise. Refer to this data sheet as necessary while performing the exercise. Check 1 Automatic 2008 11 7001 Field Detail List Processing Type Fiscal Year Settlement period Plant TH01 Controlling Area Value

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