1 / 16

FAS YEAR END

This guide outlines essential steps for the year-end financial accounting system (FAS) processes, specifically focusing on handling the retirement of assets and calculating annual depreciation. Key actions include entering but not posting retirement records, resetting annual depreciation amounts, calculating depreciation for the current period, posting depreciation transactions, and finalizing retirement records for the new year. Additionally, it covers defining control options and copying category codes from the previous year's checklist to ensure a smooth transition into the new accounting period.

flavio
Télécharger la présentation

FAS YEAR END

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FAS YEAR END

  2. Prior Year 1. Enter but do not post Retirement Records 2. Reset Annual Depreciation Amounts 3. Calculate Depreciation for the Current Period 4. Post Depreciation 5. Post Retirement Records New Year 1. Define Control Options 2. Copy Category Codes from Prior Year FAS Year End Checklist

More Related