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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    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.
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  • How to Change Fiscal year in Consolidation

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    regards
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    hi
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    here select the controlling area then click on Activate components/control indicators
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    Cost Centers     act
    Order Management       act
    Commit. Management   act
    ProfitAnalysis                 not act
    Acty-Based Costing     not act
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    regards
    KI

  • Change fiscal year to 2006 in Asset Management : error in year-end closing

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    Hi,
    Thank you very much for your prompt reply.
    I have used transaction OAAR to check if any area is still open for previous years.
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    Sincerely,
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  • How to change fiscal year to 2006 in AA module

    Dear Experts,
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    Tan

    Hi,
    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.
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    Murali.

  • Asset Fiscal Year End Closing - Depreciation not posted completely in 2010

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  • Balance not carried forward when changing fiscal year in Report Painters

    Hello guys,
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    Edited by: rama dazkia on Feb 2, 2009 3:16 AM

    Thanks for the reply,
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  • How to change fiscal year in "okkp" trans

    HI GURUS I 
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    chandrasekhar

    hi
    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
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  • Local currency change at year end - how to force LC to match GC

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  • Depreciation should be zero at fiscal year-end

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  • Cons unit change at year end

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    Thanks Dan : )
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  • Alternate Fiscal Year End in New GL

    Environment: ECC 6.0 - New GL + Document Splitting
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    Hello Srikant, thanks for your prompt reply..
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  • 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
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    *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
    SB

    Hi 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,
    SB

    Hi 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,
    SB

    Hi 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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