Being an accounting service and software provider in the Silicon Valley, I'm fortunate to be in position to see new emerging trends as they happen. Make no mistake about it: one of the hottest month-end close topics today is the ownership of accruals (vendor estimated accruals, specifically).
Based on what I've been hearing from the industry, I've come up with 3 reasons why FP&A should do accruals (instead of AP or GL):
My FP&A friends will likely un-friend/un-follow for me taking it even a step further...but I believe FP&A should also post accrual JE themselves (after compiling/calculating the accrual). As a long-time SOX practitioner, there is no segregation of duties issues with allowing FP&A to create JEs (assuming they have no subledger/module access, and don't have the ability to approve their own JEs). Handing a JE for the GL team to post for FP&A is just another unnecessary touch-point in the process.
Don't worry FP&A friends, there is technology available out there (*ahem*) that can help. Gappify is amazing at automating the process of gathering vendor and budget owner data/estimates. For a demo, visit our page here :)