Tasks to be completed when documenting an operation (from creation to publication)

1. Enter the Title of the operation / page

2. Add the following Labels:

    • Scope of applicability: ww, country_accounting

    • Country or group of countries (if applicable): belux, china, france, italy, lam, nam,uk_ie, bulgaria, dach, netherlands, iberia, poland, latvia, australia, india, japan, south_korea, thailand, singapore, new_zealand, emea_transversal, apac_transversal

    • Unit and Domain according to the List of labels to be used in the Finance Service Line space

      • E.g. 1: WW Operation in Financial Accounting under domain "Central Finance Processes & Compliance":
        • Labels to be used: ww, financial_accounting, central_fin_proc_compliance

      • E.g. 2: France Operation in Financial Accounting:
        • Labels to be used: country_accounting, france, financial_accounting
          (for country operations, the Domain is always country_accounting)

3. Fill in all fields as described above

4. Name the title of each section using OPD methodology naming convention - Infinitive verb without the “to”, mainly action verb...something) -" I do something..."

5. Once the description of the operation is completed, ensure it is approved and published by launching the SBS-Finance approval workflow

Domain: Country Accounting

Responsibility area: N/A

Table of contents 


Scope


ERP


Frequency

 


References

GR55


Forms

Consolidated NIWC - NAM


Attachments

Non-Industrial Working Capital Report



<< US - Non-Industrial Working Capital Report >>



1. Objective and Scope

1.1. Objective of this Operation

The non-industrial working capital intends to analyze the timing differences that may have between the payments when purchased and non-recurring costs to be paid for when are already recognized in the income statement. It covers the items that are not classified under operating working capital, which includes amounts due on fixed assets, dividends to be paid and extraordinary items.


The main objective for this procedure is to create a report where all non-industrial working capital information is consolidated by company. This report is used to compare the budget vs actual. In the file you can see the amount from SAP, BFC and the budget estimated for that.

1.2. Scope

This procedure should be done for all companies that are in SAP (PF1 and WP1 including Cytec) NAM on D+8:

7424
3384
4290
4291
5782
7008

2. Definitions

See Finance Glossary:

3. Tasks description

3.1. I Prepare the Spreadsheet

3.1.1. I Download the Template File

First of all, download the file from last month in the folder Non-Industrial Working Capital Report.

3.1.2. I Change the Month and Update the Data

Unhide the tab “GR55” and in this tab select the previous month closed:

For quarterly month choose the Q1/Q2/Q3/Q4

Open GR55 -> Z4F1 for each company (both systems)

To copy the information from SAP, we need to change the report to excel format. To make this change click on Settings -> Options -> change the type of output to Microsoft Excel.

Click on Enable Macros, copy and paste the information on excel file from line “Lead column” in green:

Paste the information for each company in the correct place. For PF1, it is necessary to expand the report to get the information for each account.

3.2. I Check and Send the Report

3.2.1. I Check the Results

After paste all companies, go to tab of each company and verify if there is any difference in the line “Check”:

If there is any difference it needs to be analyzed.


3.2.2. I Resolve the Differences

Check if it is missing any account. If yes, this account should be added. There is a check in a tab hide. Unhide the tab Acct Check and check there is some account to be added (blue columns):

3.2.3. I Upload the Report in Gdrive

Upload the report in the folder Non-Industrial Working Capital Report.

3.2.4. I Send the Report

Send the report to:

End of document.