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For every company that is closed, the process at the end of each financial year is usually an endurance event. The past,, the Finance team had to follow a written checklist, which included numerous tasks. It was also required to ensure that every depreciation process was carried out and that each balance between the two businesses was reconciled and all overhead was assigned. In this SAP world, a tool called called"the SAP Finance Closing Cockpit (FCC)--often called"the "Closing Cockpit"--is the official instrument created to help make this mess an simple process that could be automated.
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