Assets Fiscal Year Change With Out Assets Fiscal Year Closing

[Former Member]

Dear Experts,

I need all of your opinion in assets fiscal year change impacts with out closing assets fiscal year change.

Actually my previous fiscal year is 2012 and now we are in 2013, we can't view/execute any report or transaction in assets with out new fiscal year i.e. 2013.

If we gona change new fiscal year with out closing assets fiscal year, is there any impacts for this change?

Best Regards

Sajid Iqbal

[Former Member]

Actually there is no impact. In Asset accounting, at any given point of time you can have two fiscal years open. Its quite common practise in business to open the new fiscal year before completing the year end activities as its a technical step required to view reports or execute any transaction.

So you can go ahead and open the fiscal year.

Regards

Malathi

[former_member1009083]

Hi Sajid,

   You can change your Fiscal Year in Transaction Code: AJRW [Asset Fiscal Year Change] without closing your previous Fiscal Year.

   Then you can view which Fiscal Year is closed in Transaction Code: OAAQ

Regards

Diptadhi

[msshihab1987]

HI Friend

You can open the 2013 fiscal year without closing the 2012 fiscal year, you couldn't close the fiscal year without posting the full year depreciation. after making the closing activities you can close the fiscal year 2012

[Former Member]

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