on 01-06-2008 6:36 AM
hi all
could you explain me what is shortened fiscal year?
regards
suresh
Hi
Suppose you company has fiscal year from April to March but your SAP is going live on OCT . Then you can create a fiscal year OCT to Mar for the initial year.Shortened fiscal year is always year dependant.
From second year onwards you continue with full fiscal year.
Best Regards
Ashish Jain
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Not the correct example. In this case still the fiscal year will be April to March and is not a shortened fiscal year since the accounts will be prepared for the 12 months. Going live in mid year is not a factor determining the fiscal year.
This is the definiton of Shortened Fiscal year:
Definition
Fiscal year that contains less than twelve months.
A shortened fiscal year could be necessary in the following cases, for example:
Establishment of a company
Changeover from a calendar year to a non-calendar fiscal year, or vice versa.
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