Assigning Different Fiscal Year Variants between comapny codes

Folks,
We have 2 company codes 1000 and 1010 both are assigned to controlling area 2000. I want to know what are the impacts of assigning company 1000 and 1010 to different fiscal year variants. I get this warning message when i try to save.
Please advice if this is advisable to do? and what are the impacts.
Message no. KT297
Diagnosis
Fiscal year variant K4, controlling area 2000, does not agree with fiscal year variant V9, company code 1010.
The following entries must agree:
Same number of posting periods (the number of special periods may vary)
Same period limits
Procedure
Ensure that the fiscal year variants of the controlling area and the assigned company codes agree. If necessary, maintain the fiscal year variants.

Dear Zaid Azam,
you have assigned 1000 and 1010 to one controlling area 2000,
To assign more than one company code to one controlling area the below are conditions
1) The Operative fiscal year variants in the company codes must match the fiscal year variant in controlling area.
2) The company codes must use the same chart of accounts.
So  if you are assigning other fiscal year variant where the number of posting periods are different, hece system giving an error.
Thanks and Regards
A.Rama Krishna

Similar Messages

  • Company codes with different fiscal year variants in a controlling area

    Hi all,
    When I try to assign a company code with different fiscal year variant than controlling area I get error. It is ok so far.
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    So I wonder how it would be possible ? Why do I get just a warning instead of an error and save ?
    Thanks and regards.
    M.Yusuf Dogan

    Hi Bulut,
    There are 12 normal and 3 special periods in the fsv of the company code which i'm trying to assign. However, controlling area's fsv has 12 normal and 4 special periods.  I get an error message "KT297".
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    M. Yusuf Dogan

  • Fiscal year variants in co.code  have inconsistent start date.Msg no AC531

    Hi Experts
    We went  with 24 periods after Go live.  I am trying to assign the TAX basis fiscal year variant(TX) at Depreciation area level. But it's not letting to add with the following error message.
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    Message no. AC531
    Diagnosis
    The first day of the fiscal year for variant TX (24periods) in company code in Asset Accounting differs from the first day of the fiscal year for variant  D1(12 periods) in General Ledger Accounting.
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    Thanks in advance
    Meenakshi.N
    Edited by: Meenakshi.Nakshatrula on May 3, 2010 5:45 AM

    Hi,
    Message no. AC531  says:                                                                               
    The first day of the fiscal year for variant K4 in company code in Asset     
    Accounting differs from the first day of the fiscal year for variant NL      
    in General Ledger Accounting.                                                                               
    However, both variants must have the same start and end date! Only the       
    periods within the fiscal year can be different in the two variants.         
    The error is described in note 844029 :-                                                                               
    In the NewGL in Asset Accounting, it is still not possible for               
    depreciation areas to have fiscal year variants with different start and     
    finish dates. If you try to assign a fiscal year variant to an area,         
    whereby the fiscal year variant infringes this restriction, the system       
    issues error message AC 531.                                                 
    Regards Bernhard

  • Use of Different Fiscal Year Variant-Statistical Depreciation Area Postings

    An existing Company Code in SAP is going to have Fixed Assets implemented.  This Company Code is setup just like the others in our SAP instance: Same Chart of Accounts, Same Fiscal Year Variant, Fixed Asset procedures, etc.  For purposes of this question our company's Fiscal Year is from August 1st to July 31st.  In addition, this Company Code will post Fixed Assets just like the other SAP enabled Company Codes into Book Depreciation Area 01.  The company I work with is on ECC 6 but we use the Classic Ledger for Financials, and the Special Ledger is posted to but not really utilized.
    For the Country Specific/Tax Reporting purposes within Fixed Asset Accounting we have created a Statistical Depreciation Area 03 (I will call it Tax) with its own Life and Depreciation Key assignments with a setting of 0 in OADB-No Posting in GL for this Fixed Asset go-live, so I think we are set there.  The tricky part comes in the reporting.  The country in question requires information to be generated on a Calendar Year basis, which is obviously different than the Fiscal Year outlined above.  To my knowledge we would have to assign Tax Depreciation Area 03 to the Calendar Fiscal Year Variant: Financial Accounting>>Asset Accounting>>Valuation>>Fiscal Year>>Fiscal Year Variants>>Specify Other Versions on Depreciation Area Level. 
    The other piece of this is to get the Fixed Asset Reporting for Tax Depreciation Area 03 to work on a Calendar Year basis for the Company Code in question.  When I did some research I stumbled upon the link below.  In summary it says that you have to manipulate the standard Fixed Assets reports in Excel for Asset Acquisitions and Depreciation, and setup a new Retirement routine/transaction for posting into the Special Depreciation Area.
    http://help.sap.com/saphelp_46c/helpdata/en/05/bc0bf3d8f811d1953e0000e82debf7/content.htm
    My questions are:
    1) Besides assigning a different Fiscal Year Variant for Tax Depreciation Area 03, is there anything else I need to worry about on the setup end?
    2) Is the article I posted accurate when it comes to how the reporting works and the need for setting up a Calendar Year specific Asset Retirement Routine?  If so, what are the configuration steps for setting up a Calendar Year specific Asset Retirement Routine?
    3) Is there anything else that I need to consider for enabling Fixed Assets at an existing Company Code with different Reporting requirements for Book/Tax purposes?
    Thanks in advance for all responses.  I am willing to answer any other questions on this subject if needed.
    Roman

    Hello Rio.  In our scenario, we still had to load assets in the legal entity with this issue.  When we loaded the fixed asset data into SAP we did with data accurate as of December 31, 2011; which for book purposes is 5 months into our company's fiscal year, and for tax purposes is the end of the 2011 calendar year.  The calendarized reporting for the tax depreciation will need to be pieced together manually using the SAP recommended methodology of combining report values, which I have pasted below.
    Since this is the only SAP-enabled entity that has this scenario right now we are in wait and see mode to see if this sufficient.  In the end the SAP path for Dual Calendar was too much of a risk.
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    Asset Acquisitions 
    Run the acquisitions list. Report date: 7/31/2012. Posting Date: 1/1/2012 to 7/31/2012. Export the report to MS Excel.
    Run the acquisitions list. Report date: 7/31/2013. Posting Date: 8/1/2012 to 12/31/2012. Export the report to MS Excel.
    Add the values of both reports together, using MS Excel.
    Asset Retirements
    Run the retirements list. Report date: 7/31/2012. Posting Date: 1/1/2012 to 7/31/2012. Export the report to MS Excel.
    Run the retirements list. Report date: 7/31/2013. Posting Date: 8/1/2012 to 12/31/2012. Export the report to MS Excel.
    Add the values of both reports together, using MS Excel.
    Depreciation
    Run the depreciation list. Report date: 7/31/2012. Export the report to MS Excel.
    Run the depreciation list. Report date: 12/31/2011. Export the report to MS Excel.
    Run the depreciation list. Report date: 12/31/2012. Export the report to MS Excel.
    Using MS Excel functions, subtract the second report from the first, and then add the third report (I - II + III).

  • Define depreciation areas with different fiscal yr variant under 1 cod.

    Hi FICO Gurus,
    I am a new student in FICO, here i have a question as following, ask for help,
    Does anyone know how to define depreciation areas with different fiscal year variant under one chart of depreciation?
    Such as:
    Book Keeping Fiscal Year Variant 1: Jun-15-2007 to Jun-14-2008, Non-Calendar Month
    Tax Calculation Fiscal Year Variant 2: Jul-01-2007 to Jun-30-2008, Calendar Month
    So far as I know, SAP provides Specify Different Fiscal Year Variants on Depreciation Area. But it requires the same starting date and ending date for fiscal year variants.
    Right now, the scenario here is different book fiscal year variant and tax depreciation fiscal year variant with different time span.
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    Any responses will be awarded.
    Thanks a lot!
    Samson

    I believe - and this is only my belief - (haven't tried it before) - you can define Depreciation Areas like you wanted.
    Broadly, the steps to do this would be:
    Create a Chart of Depreciation and create two Depreciation Areas within this for your Company.
    The chart of Depreciation will be assigned to the company code level, so you are okay there.
    Now create a FYV corresponding to the June 15 - June 14 depreciation year and assign these to the Company Code using the menu path:
    Asset Accounting --> Valuation --> Fiscal Year --> Fiscal Year Variants --> Specify other versions on Depreciation Area Level.
    Here, pick your company code and you should see both the areas assigned to it. Assign the FYV as required and then check to see if it works.
    Like I mentioned before, this is only a random thought. Haven't tried this before.
    Cheers.

  • One Controlling Area for Two CoCds with different Fiscal Year variant

    Hi,
    I have a Company code with FYV "A1" with 12 Periods (Apr - Mar) - Fiscal year start at Apr-01 and ends Mar-31 of the next year.
    I have another company code with FYV "B1" with 12 Periods (Jan-Dec). - Fiscal year start at Jan-01 and ends Dec-31.
    Chart of Accounts for both the company code is same.
    Can I assign these two company codes to one Controlling Area?
    When I try to assign the company codes, I got the following warning message.
    Differing fiscal year variants: A1 - B1
    Message no. KT297
    Diagnosis
    Fiscal year variant A1, controlling area 1000, does not agree with fiscal year variant B1, company code 5001.
    The following entries must agree:
    - Same number of posting periods (the number of special periods may vary)
    - Same period limits
    Procedure
    Ensure that the fiscal year variants of the controlling area and the assigned company codes agree. If necessary, maintain the fiscal year variants.
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    2. Does it mean the fiscal year start and end date must be same?
    3. What is the impact of the warning message?
    Thanks
    Palani

    Having same fiscal year variant is one of the requirements for different company codes to be under one controlling area.
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    Impact of warning message: You cannot create one controlling area for both company codes (1:n assignment).
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    PS: Please reward the points if you find the answer as useful and rewarding points is a way of saying thanks.

  • Use of different fiscal year variant in leading&non leading ledgers and Asset closing&Reporting

    Experts,
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    1.Does Asset Accounting gives all standard reports as expected in both(Leading&Locals) the Depreciation areas?Do we need to any settings specially for in the above scenario?(I am assuming point#4 given below may not help for this as system gives an error if both the fiscal year variants have different start&end dates)
    2.How is Year end in Asset Accounting handled?If I close the year end in Asset Accounting for Company Code as per Leading Ledger i.e say by Dec 2013,can I still post the asset entries in non leading ledger?Because Financial year for Leading ledger will be 2014 and non leading will be still 2013(in Jan2014).
    3.I am aware SAP has some restrictions way back in 2005-2007 (SAP note 844029) for different fiscal year variants in Leading&Non Leading Ledgers,Does SAP come out with any solution later?
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    regards
    hinfi

    Hi Hinfi,
    It seems standard SAP does not manage different fiscal year variants (at least with different start/end dates) in different depreciation areas.
    However, they came up with an add-on solution called Multiple Calendar Tool and based on a mirroring solution that synchronizes asset transactions in a mirror company code.
    It's all explained in following notes:
    Note 1175751 - Project solution for alternative fiscal year variant
    Note 1636025 - Asset acctg multi calendar tool 1.0_ SP Note
    Note 1658489 - Installation of Asset acctg multi calendar 1.0 software
    Note 1658714 - Asset acctg multi calendar tool_ Overview Note
    Note 1691481 - Release strategy_ Asset acctg multi calendar tool
    Note 1951069 - Different fiscal year variants in General Ledger Accounting (New) (NewGL) under the new Asset Accounting (FIN_AA_PARALLEL_VAL)
    I don't know if it's commonly used and personnaly have no feedback on it. I was curious to check how to manage a depreciation area 01 posted in a leading ledger in US GAAP (FYV january to december) and another depreciation posted in a non leading ledger in Indian GAAP (FYV april to march).
    BR
    Gregory

  • Different fiscal year variants

    Our client follows two fiscal year variants. For global reporting purpose they follow a different convention 445. For meeting local reporting requirements at subsidiaries in different countries calendar year Jan to Dec is followed. Both the fiscal year variants will have different start and end dates for any fiscal year. As far as GL reporting is concerned we could achieve this by using new ledger solution.
    I am facing a challenge while configuring these two different fiscal year variants in asset accounting. I am planning to use 445 for my 01 area and I want to create another depreciation area for the calendar year reporting, but I am not able to do it.
    I am getting the below error message
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    Diagnosis
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    However, both variants must have the same start and end date! Only the periods within the fiscal year can be different in the two variants.
    Does any body have come across similar situation and what would be the solution to achieve this ?

    Hello Reuta Kulkarni,
    there is no standard functionality available to cover your requirement. Still, a customer specific project solution for a workaround can be offered by SAP Custom Development. Please note, that such a solution requires detailed analysis of the customer requirements and is chargeable.
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  • Asset Register with different Fiscal Year Variant

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    If the company codes are using fiscal year variant April - March, then it is possible. If the company codes are using differant fiscal year variant other than April - March and if you want to get the report with the Fiscal year April-March,, it will not work out..
    Even If new GL Activated for all company codes also its not possible.. i had a experience of this and finally came to know that parellel ledger or special ledger concept will not support for Diefferant fiscal year for Asset accounting alone which is differant from Company code fiscal year..
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  • Closing Cockpit: Different Fiscal Year Variant in Task List

    Dear All,
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    1493253 - Different fiscal year variants in FI-AA (II)
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  • Accomodating Different Fiscal Year Variants in Fixed Assets.

    Hello All,
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    Thanks.

    Thanks Vijay,
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  • Fiscal year variant V3 is not maintain for calender year

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  • Consolidated balance sheet for 3 company codes having different fiscal year

    Hi,
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    Edited by: ashilpa54 on Jan 12, 2011 5:24 AM

    Hi,
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  • Controlling area & operating concern must have same fiscal year variant

    Dear Experts,
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    Moderator: Please, search before posting

    Hi ajay,
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  • Diffrent Fiscal year Variant ?

    Hello Friends
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    Back to GCL1, you have to set the posting indicator for each activity (business transaction) to 3. This makes sure online data transfer and subsequent data transfer both are possible.
    5. Save your work.
    6. Then you can start transaction GCU1 and take over all documents available in FI to your special ledger (if you have some postings already)  . Or you can post a new document and check if it was transferred (it should). Example: in FI (fiscal year variant April to March) you post a document with posting date 01.April 2007.  This is period 1 in FI then. The same document is transferred for period 4 in the SPL.
    7. You can use the Report Painter / Report Writer tools to report your data. ALso you can consider report RFBILA10, which is almost the same as well-known RFBILA00, only that it can display data from a special purpose ledger.
    Hope that helps, points welcome
    Csaba

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