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shorten fiscal year

Dear gurus,

currently, our company would like to change the financial year end from FY2010 (jan- Dec) to (March to Feb). We are using FIAA and CO. Currently the controlling area code is accross companies. Now, we are in month of July 2010. Therefore, can i extend my period from 12 periods to 14 periods in SAP? i understand SAP has the feature of "shortening fiscal year". However, i would like to have details steps on it.

Please helps.

Thank you.

Regards

Kee Hwee, Lee

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    author's profile photo Former Member
    Former Member
    Posted on Jul 06, 2010 at 04:38 AM

    Hi,

    In SAP, the Shortening fiscal year stands for which fiscal year contains less than "12 posting periods" is called as a shortend fiscal year and it would suits to your requirement tentatively for 2 months (Jan and Feb).

    But, how do you draw the balance sheet for the whole year for upcomming year?

    In Generally, the shortend Fiscal Year would be used at the begining of the SAP use, the business go live is for few months rather than one full fiscal year.

    I suggest you to go, to use the Leading and Non-Leading Ledger Concept for the same. So then, you can keep the fiscal year K0, K1, K2, K3, K4 (Any one - Jan to Dec) and create a new fiscal year for your requirement of March to Feb. You do get the reports for both the Fiscal Year Variance at once.

    Regards

    VG

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  • Posted on Jul 06, 2010 at 04:47 AM

    Hi,

    Please do as below.

    1) Define new FYV for 15 month periods starting from Jan 2010 to Mar 2011. Change this FYV in OBY6 before Dec 2010.

    2) Replace this variant with SAP standard variant Apr - Mar before Mar 2011.

    Best Regards,

    Madhu

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