1. Objective and Scope

1.1. Objective of this Operation

The purpose of this task is to ensure that all activities are performed to guarantee the monthly IFRS 16 closure process.

Be aware that these tasks are performed automatically through FCC, however these guidelines are for when it's needed to be done manually.

1.2. Scope

This procedure is applied to all WW companies under IFRS 16 scope.

2. Definitions

Definitions should be added in the Finance Glossary - Add definition and link it to respective Letter in Finance Glossary 

See Finance Glossary;

3. Tasks description

The Pre-Closure Activities must be performed on D-5 and D-2.

3.1. D-5 - Sublease account is 0?

Open the Suspense Account and Lease Reconciliation Account, open items at the end of the closing month and make a subtotal by account.

For PF2 the Suspense Account is 5112100050 and for WP2 is 46300110.

For WP2 the Suspense Account is 1700600000  and the Lease Reconciliation Account is 46300120

If the balance between both accounts is zero, the check is ok. If we have balance, there is a need for corrective action

3.2. D-2 - Receivables Check

Open the accounts in FBL3N, all items since the beginning of the year until the end of the closing month

For PF2 the accounts are 1700400000, 1700500000, 1700600000 and 5112100050.

For WP2 the accounts are 26300100, 46300100, 46300120 and 46300110.

Make a subtotal by account and a filter by flow type F31. The balance must be equal to 0, if not, we need to analyze and correct.