Closing Cockpit

Closing Cockpit

One common status Tracking MechanismCommon templates and Guide lines that

Every one can useAbility To Assign Roles And responsibilities

for Each TaskDependency Information related to closing

Process

Components of closing cockpit

Organizational hierarchies(company code, controlling area , operating concern, profit center)

Task list template Task Lists: derived from template and

extremely crucial for successful definition of the month end close

Dependency between tasksMonitorDetailed Information

Steps for setting up closing cockpit

Conducting planning and researchCreate the basic template dataBuild the closing template hierarchyConfigure individual tasksChange the template to an executable task

list

Step1. Conducting Planning and Research

Tasks to be performedThe order of performing the tasksWho owns the taskWho executes the taskWho reviews and approves the results after

task is completedHow long the task takes to complete (run

time)The post close audit requirements

Step2.Create a basic template data

Provides formal structure for the organizational hierarchy , closing tasks in the form of lists , and the ownership of the task by identifying the individual task owners

Controlling the order of precedence or sequence of the individual task execution

By configuring the closing cockpit template , we can setup the basic closing model that the system copies to a date specific task list during the closing process

Step3.Build the closing template hierarchy structure

Starts with the construction of a hierarchy of task folders

Then assign organizational structures to the created task folders

Process flow for configuring closing cockpit

Create Template

Creating Tasks

Different types of tasks

Program without a variantProgram with variantTransactionNote

Creating task type: Program with variant

Creating Task Type: Transaction

Dependencies Between tasks

Create A Task List

Changing the Template to an Executable task List

Scheduling Tasks

Closing Cockpit Monitor

Detailed Information on Tasks