Change Fiscal Year End?
Dear all,
The existing fiscal year end is 'Dec-07' and the adjustment period is after fiscal year (Adj-07).But now the corporate wants to change year end to 'JAN-08', what I need to change? I am using FSG to generate financial reports like P&L, balance sheet, what I need to change the financial year?
Best Regards,
Amy
Siva,
I went through your articles on the other oracle blogs.They are really useful and can serve as a one stop knowledge source .
I was going through a series of articles about changing a calendar with out reimplementing Oracle. When googled, the article that you had listed did came on the search results. but there was also a warning message that 'This site may harm your computer'.
Can you please let me know if I can find the article on any other blog / site or alternatively if you are in possession of that article / process to be followed, I appreciate if you can email me the same at [email protected]
Regards,
Sunil
Similar Messages
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Our current Fiscal Year variant is April March. However we have now been bought by a different company and the fiscal year end needs to change to Jan-Dec. Therefore this year will be a shortened year.
I have a couple of questions:
I can see in SPRO that the fiscal year can be changed (transaction OB29) to accommodate a shortened year. Currently our year is set up under K4 which is year dependant not calendar dependant. How do I modify this? Do I move the tick from one to another (ie to calendar year), or do I need to copy the K4 and use it as a new one. If I do this what else do I need to do, I know if I changed it I would need to allocate it to the company code.
2. When do the changes need to be in Production, is it before year end, last day after everyone has gone home, on day 1, or once the accounts have been finalised? I assume I could make the changes in Dev/QA before then and fully test?
3. I understand that I need to do something on Asset/Depreciation. Again please advise on the timing of this.I wonder if you can answer something further. Our financial year used to be Jan-Dec, which meant the fiscal year number (i.e. 2002) would be the same as the calendar year date. Then we had a shortened fiscal year so we could move to April-March. This meant for example that this year (April 07 to March 08), our fiscal year is 2008. We have just had a change of ownership and yes you guessed it, the financial year needs to move again, so we are having another shortened year ending in December. This means that our next financial year which be 2009, which covers January 08-December 08.
My question is, how do I let people see this when running reports etc. In IMG you can specify text for the period, however when looking at reports or data in any part of the system, this does not seem to appear anyway.
How has anyone else got round this? -
How to Change Fiscal year in Consolidation
HI all,
How to change Fiscal year in consolidation...iam posting the documents.... not showing any valuues in consolidation report only shwoing documents nos only ... bcoz its whoing 2007 fiscal year....
regards
JKhi
go to OKKP
here select the controlling area then click on Activate components/control indicators
here u have to do following entries
Cost Centers act
Order Management act
Commit. Management act
ProfitAnalysis not act
Acty-Based Costing not act
plz consult a FI guy for this
regards
KI -
Change fiscal year to 2006 in Asset Management : error in year-end closing
SAP version: 4.0B
Transaction Codes used: Year-end closing AJAB, Fiscal year change AJRW
We are trying to change the fiscal year to 2006 in Asset Management.
I tried to change the fiscal year to 2006 for the company code 0055 using transaction code AJRW. The test run has displayed an error message Fiscal year change in co. code 0055 1 possible only after year-end closing 2004 2.
I have used the transaction code OAAQ to find the out the fiscal year, the closing for depreciation area is successfully performed.
Unfortunately it is still showing 2003 which should have been 2004 for company code 0055.
I tried to close the fiscal year 2004. The test run has completed successfully. I have scheduled the RAJABS00. The program has executed successfully with no errors or warnings.
The closing for depreciation area (Transaction OAAQ) is still showing 2003 for company code 0055, which should have been changed to 2004.
I am new to Asset Management. Can you please give some suggestions on how to fix the problem and change the fiscal year to 2006.
Thank you,
VidyaHi,
Thank you very much for your prompt reply.
I have used transaction OAAR to check if any area is still open for previous years.
Surprisingly! The areas are closed only till 2003.
Can you please let me know what to do (transaction codes - programs) to close the areas for fiscal year 2004.
I am new to Asset Management. I think you are good in Asset Management. Can you please give some suggestions on how to close the fiscal year 2004.
Can you please let me know if I have to run any other transactions other than closing the areas before running the transaction to close the fiscal year 2004.
Thank you very much.
Sincerely,
Vidya -
How to change fiscal year to 2006 in AA module
Dear Experts,
Due to the uploading problem, some of the net value of asset is '0'. Those data was uploaded in 2006. in 2007, then I realized the error and want to change the asset master data. When I click on save, the system prompt the error "Fiscal year 2006 is already closed in Financial Accounting".
How to check the fiscal year in Asset Accounting ?
Please help.
Thanks.
Regards,
TanHi,
You can undo fiscal year change in transaction code OAAQ (entire company code) or OAAR (By Area). Year end closing is executed using transaction code AJAB.
Thanks
Murali. -
Asset Fiscal Year End Closing - Depreciation not posted completely in 2010
Hi Experts,
I have an issue concerning AA 2010 year end closing, since there is one asset which depreciation in 2010 was not posted completely, meaning that we cannot close 2010 fiscal year.
This happened because of the following situation:
Vendor Incoice was posted in 30.12.2010, with a document date 31.03.2010 (meaning that for this asset the depreciation calculation start date was 01.03.2010). Then, in 30.03.2011 someone post the reversal document, with posting date 31.12.2010.
So for this asset I donu2019t have any depreciation posted in 2011 and no values in depreciation book, for the asset, meaning that even if I change the depreciation calculation start date for 01.01.2011, it will still be necessary to run depreciation in Dec.2010.
However I cannot run depreciation for this asset for 2010 because it will have impact in 2010 balance sheet, which cannot happen.
Do you have any ideas to solve this problem?
Thanks!
Best regards,
Andreia NascimentoHi,
As i have already suggested you for the [SIMILAR THREAD|Re: Asset Fiscal Year Closing not possible], which you have only posted in FI forum, there is no other alternative than running the repeat dep run for FY 2010 for period 12.
Please do not cross post your questions.
REgards,
Srinu -
Balance not carried forward when changing fiscal year in Report Painters
Hello guys,
Im using report painter (FGI3) to create my financial statement report, when i change to fiscal year 2009, the balance in my balance sheet is not carried forward to year 2009, its only shows the the movement.
Assume, the total asset in dec 2008 is 10million, transaction in januari is -900.000,
the total asset in januari 2009 should be 9.1 million, but it only shows -900.000
Sorry my english not so good
Anyone can help..
Thanks.
Edited by: rama dazkia on Feb 2, 2009 3:16 AMThanks for the reply,
I've already doin the year-end activities, if i see the balance in F.01 it is correct
but in my report painters especially in january 2009, it only shows the difference
FYI, i using report painters FGI3, FGI5
Thank you -
How to change fiscal year in "okkp" trans
HI GURUS I
CREATED controlling area in okkp with fiscl year from 2008 to 9999 and assignae to the organisational structure.while creating PURCHASE REQUISITION AN ERROR is displayed
"no contrl indicatot exist for fiscal year 2005"
if i want to delete that controlling area is also not possible
showing error"deletion not possible(master data)
help me to change the" from fiscal year" 2008 to 2004
regards
chandrasekharhi
go to OKKP
here select the controlling area then click on Activate components/control indicators
here u have to do following entries
Cost Centers act
Order Management act
Commit. Management act
ProfitAnalysis not act
Acty-Based Costing not act
plz consult a FI guy for this
regards
KI -
Local currency change at year end - how to force LC to match GC
Ok, so to change LC at year end is no problem (change master data in the new year, assign CT method to BCF task etc)
But if your new LC is now equal to your GC, you may well have a diference between the two values.
Is there any way to force that they are the same automatically (agreeing to GC preferably)
I read it was maybe possible in EHP5 but we don't have thatI have not tried this but it may be possible to create a translation method to make the values agree with GC and then assign this method to the balance carryforward task for the year of the change.
-
Depreciation should be zero at fiscal year-end
Hi Experts,
There is a new tax rules that at the end of this fiscal year 2007, depreciation (for depkey for tax depreciation area) should be zero. May I know the steps on how this can be done?
thanks very much in advance. . .Self-answered.
-
Hi : )
when performing a cons unit change at the end of the year whereby the old cons group becomes unnecessary as no cons unit is part of it in period 1/2011, do I have to delete the cons group as well from the new hierarchy starting on the 1.01.2011 or do I just delete the cons units out of this old cons group?
Also, as we will have a new cons group and cons unit hierarchy starting from the 1.01.2011 will we not be having a problem displaying period 12/2010 data come January as the hierachy then used in the queries will only have the new structure, i.e. the moved cons units sitting under the new cons group??? Our queries are currently set up to select the hierachy using the default query date...
Your views would be very much appreciated.
Kind regards,
TanjaThanks Dan : )
The configuration document that I received mentions to deleting the cons unit in the 1st period following the consolidation group change. So because I am divesting the cons unit in period 12/2010 I interpreted that I can delete the cons unit from the old cons group in period 1/2011 including the old cons group as there are no more cons units within it.
But this will be causing us problems in January for period 12/2010 reporting as the new hierarchy starting on 1/1/2011 that is picked by the queries due to default query date will not be have the old cons group.
So I think by what you said to leave the cons unit and cons group until the year over year reporting is finished will solve our problem.
But here is the example anyway. Maybe there is a different way:
Cons unit A is the only cons unit under Cons Group A and is divested as at 12/2010
Cons unit A is acquired into a new never before existed Cons Group C as at 12/2010
So the currently valid hierachy is valid from 01.01.2010 - 31.12.2010 with Cons unit A now residing in 2 places
In period 1/2011 I deleted Cons unit A under Cons Group A and also deleted cons Group A.
This created a new hierachy that is valid from 01.01.2011- 31.12.9999
So in I am correct in assuming that if our queries use default query date that we will have a problem trying to report on period 12/2010 data in January?
Kind regards,
Tanja -
Alternate Fiscal Year End in New GL
Environment: ECC 6.0 - New GL + Document Splitting
All Co Codes book to 0L leading ledger and one Controlling Area.
We have one more company code (lets say 1000) with a Alternate Fiscal Year than other company codes.
The solution of a Non Leading Ledger does not solve our problem because the we have to do CCA for 1000.
We reluctant on defining a new CO Area for Co Code 1000.
Please guide us to a solution where we can do FI as well as CO for Co Code 1000.
ThanksHello Srikant, thanks for your prompt reply..
Can you please tell me what is the after math of having 2 controlling areas and what happens to COPA.
I have never worked in an environment of 2 CO areas therefore could use your advise.
Thanks -
FI-AA Impact on changing the year dependent fiscal year period from 445 to 435
Dear Friends,
May I have your comment on the impact of below change
Currently using Year Dependent fiscal year variant K5 and period end closing is *445
future we want to use the same fiscal year dependent variant K5 , however the period end closing will be *435
*445 Periods - 1st month 4th sat, 2nd month 4th sat, 3rd month 5th sat will be the closing periods
similarly for the rest of the months in a year
*435 Periods - 1st month 4th month, 2nd month 3rd sat, 3rd month 5th sat will be the closing periods
similarly for the rest of the months in a year
Impact on Asset Module and other modules will be a great help
Regards
SBHi Sanjai,
SAP do not recommend to change a Fiscal Year Variant that has already
been assigned to a company code and has already some postings. This
will may create database inconsistencies
Please check the following SAP notes which will give you an
idea of some adverse effects that may happen as a result of a change
based on the modules/components you have implemented in your system.
427920 Analysis program for fiscal year conversion
210861 Changing fiscal year variant in production system
193713 SAPF070: Change of fiscal year variant
672255 Shortened fiscal year/changing fiscal periods
The change of the fiscal year or the change of the fiscal periods
has an effect in many modules, for example, in FI, FI-AA, FI-SL, FI-LC,
EC-CS, IM, CO, EC-PCA, MM, PP, SD, PS, PM.
Corresponding risks (for example, data inconsistency, system standstill)
can arise from incorrect changes to the fiscal year or from incorrect
changes to the fiscal periods in a live SAP system.
You can refer to the following wiki page also:
http://wiki.sdn.sap.com/wiki/x/jYXrCw
I hope you find this information helpful.
Regards,
Jose -
FI Impact on changing the year dependent fiscal year period from 445 to 435
Dear Friends,
May I have your comments on the impact of below change
Currently using year dependent fiscal year variant K5 and Period closing is *445
Future we want to use the same year dependent fiscal year variant K5 and period end closing is *435
*445 Periods - 1st month 4th sat, 2nd month 4th sat, 3rd month 5th sat will be the closing periods
similarly for the rest of the months in a year.
*435 Periods - 1st month 4th sat, 2nd month 3rd sat, 3rd month 5th sat will be the closing periods.
similarly for the rest of the months in a year.
Impact from FI perspective and other modules would be of great help
Regards,
SBHi Sanjai,
SAP do not recommend to change a Fiscal Year Variant that has already
been assigned to a company code and has already some postings. This
will may create database inconsistencies
Please check the following SAP notes which will give you an
idea of some adverse effects that may happen as a result of a change
based on the modules/components you have implemented in your system.
427920 Analysis program for fiscal year conversion
210861 Changing fiscal year variant in production system
193713 SAPF070: Change of fiscal year variant
672255 Shortened fiscal year/changing fiscal periods
The change of the fiscal year or the change of the fiscal periods
has an effect in many modules, for example, in FI, FI-AA, FI-SL, FI-LC,
EC-CS, IM, CO, EC-PCA, MM, PP, SD, PS, PM.
Corresponding risks (for example, data inconsistency, system standstill)
can arise from incorrect changes to the fiscal year or from incorrect
changes to the fiscal periods in a live SAP system.
You can refer to the following wiki page also:
http://wiki.sdn.sap.com/wiki/x/jYXrCw
I hope you find this information helpful.
Regards,
Jose -
Impact on changing the year dependent fiscal year period from 445 to 435
Dear Friends,
May I have your comments on the impact of below change
Currently using Year Dependent fiscal year variant K5 and period end closing is *445
Future we want to use the same year dependent fiscal year variant K5, however the period end closing will be *435.
*445 Periods - 1st month 4th sat, 2nd Month 4th Sat & 3rd Month 5th sat will be the closing periods
similarily for the rest of the months in a year.
*435 Periods - 1st month 4th sat, 2nd Month 3rd sat & 3rd Month 5th sat will be the closing periods
similarly for the rest of the months in a year.
Regards,
SBHi Sanjai,
SAP do not recommend to change a Fiscal Year Variant that has already
been assigned to a company code and has already some postings. This
will may create database inconsistencies
Please check the following SAP notes which will give you an
idea of some adverse effects that may happen as a result of a change
based on the modules/components you have implemented in your system.
427920 Analysis program for fiscal year conversion
210861 Changing fiscal year variant in production system
193713 SAPF070: Change of fiscal year variant
672255 Shortened fiscal year/changing fiscal periods
The change of the fiscal year or the change of the fiscal periods
has an effect in many modules, for example, in FI, FI-AA, FI-SL, FI-LC,
EC-CS, IM, CO, EC-PCA, MM, PP, SD, PS, PM.
Corresponding risks (for example, data inconsistency, system standstill)
can arise from incorrect changes to the fiscal year or from incorrect
changes to the fiscal periods in a live SAP system.
You can refer to the following wiki page also:
http://wiki.sdn.sap.com/wiki/x/jYXrCw
I hope you find this information helpful.
Regards,
Jose
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