4. PP&E - Adjustments & period-end close control considerations

Perform Cyclical or Periodic Counts - 47

Physical inspection of Property, plant & equipment and reconciliation to the sub-ledger [SAP]

Prepare Adjustment Entries - 44

Adjustments are approved - Property, plant & equipment [JDE]

Record Adjustment Entries - 40

Property, plant & equipment activity report is reviewed [SAP] [JDE]

Record Adjustment Entries - 41

Review of Property, plant & equipment sub-ledger

Record Adjustment Entries - 42

Review of fully depreciated assets [SAP] [Or11i] [Or12] [JDE]

Record Adjustment Entries - 43

Review of repairs & maintenance account

Record Adjustment Entries - 44

Adjustments are approved - Property, plant & equipment [JDE]

Record Adjustment Entries - 45

Comparison between adjustments posted and source documents - Property, plant & equipment

Record Adjustment Entries - 46

Comparison of items on a list of period-end recurring entries to entries recorded - Property, plant & equipment

Record Adjustment Entries - 48

Property, plant & equipment accounts are reviewed for possible impairment

Record Adjustment Entries - 49

Manual roll-forward of Property, plant & equipment is performed and reconciled to the general ledger and source documents

Record Adjustment Entries - 50

Sub-ledgers are reconciled to the general ledger - Property, plant & equipment [Or11i] [Or12] [JDE]

Record Adjustment Entries - 51

Management reviews assets groupings/cash generating units determination

Record Adjustment Entries - 52

Review and approval of the general ledger reconciliations - Property, plant & equipment [JDE]