Company Code- Different Fiscal Year

[Former Member]

Hello All:

Iu2019m assigned the task of building a company code and at present we are in the design stages. The parent company code operates on July-Jun Fiscal year. Now, the foreign company code that needs to be built, needs to report on Jan-Dec fiscal year.

Now, from a reporting perspective u2013 How can we accomplish both the US GAAP and Local reporting? For example u2013 if I set up the foreign company code as July u2013Jun FY, then when I come to reporting part, how will I capture the Jan- Jun Data which technically would fall in the previous year.

Can some give some guidance/suggestions.

Thank you,

Mahesh

[Former Member]

Hi

Any way you have two company codes so each company codes will have defferent posting period varients, depends on the Regions wise.. so no need to worry about GAAP and reporting parts.

Regards,

Suresh

[Former Member]

Thank you ! But how do I end up consolidation the local with the Group...if I end up with different periods.