Changes of Fiscal Year between two different countries

Question

Dear Friends,
In our US client they have office in India. Fiscal Year of United States is 1st October to 30th September. But their India office maintaining fiscal year 1st October to 30th September. Now they want to change US fiscal year(1st October to 30th Sept) to Indian fiscal year as 1st April to 31st March.
Kindly guide me the entire procedure of Fiscal Year changes from US Fiscal Year to Indian Fiscal Year.
Regards,
Samrat

Answer 1

1. First you need to create a variant lets say z1 which must be year dependent from october to march.
2. Due to this the entries posted during these periods the fiscal year will be a head.
For example :
If you want to change in this calendar year from the month of october.
earlier it was 1st october 2008 to 30th september 2009 and the fiscal year is 2009.
Now the fiscal year will become 2010 for the periods october 2009 to march 2010.
In transaction ob29 create a new variant lets suppose z1 as year dependent and give calendar year as 2009 and maintain periods as
Month     Day     Period     Year shift
1     31     4     0
2     28     5     0
3     31     6     0
4     30     1     0
5     31     2     0
6     30     3     0
7     31     4     0
8     31     5     0
9     30     6     0
10     31     1     1
11     30     2     1
12     31     3     1
Click on Shortened Fiscal Years and give the calendar year 2009 and give 6 as no.of posting periods.
Note : Try to maintain periods for the previous year also 2008 as you might be facing problems in asset accounting.