How to configure shortend fiscal year

Hi friends
    plz tell me configure of shortend fiscal year
urgent

Hello Kavitha,
Background- A shortened fiscal year results when you change from a normal fiscal year to a non-calendar fiscal year, or the other way around. This type of change might be necessary, for instance, if an enterprise becomes part of a new corporate group.
Features:The R/3 Financial Accounting component fully supports the use of shortened fiscal years. However, there are still some points to consider from the perspective of Asset Accounting when you use a shortened fiscal year.
Configuration: Define the length of the shortened fiscal year and the distribution of the periods in the shortened fiscal year. (Refer to  Shortened Fiscal Years).
Determine the rules for reducing depreciation for the individual depreciation types and depreciation areas. This is done in FI-AA Customizing: Valuation->Fiscal Year-> Shortened Fiscal Year).
If the current fiscal year was changed to a shortened fiscal year, start the program for recalculating depreciation (under Tools).
Hope I had beena ble to help you. please assign points.
Rgds
Manish

Similar Messages

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  • How to set the fiscal year period as default in variables

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    Hey,
    I am facing a similar scenario at my client place, thought if i could get insights on how you resolved the issue identified...
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  • Shortend Fiscal Year

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  • Creation of Shortend Fiscal year..

    Dear Frenz,
    I have an issue regarding my shortened fiscal year.. My client is following 2009 as fiscal year for the period Jan 2008 to Dec 2008.
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    Regards,
    Shanks...

    Hi,
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  • How to get current fiscal year.

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       T009B_NOTFOUND       = 3
       OTHERS               = 4
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  • How to give the Fiscal year period in RSA3 for checking the data.

    Hi BW Experts, good morning.
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    Hi sanyam ,
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  • How to calulate previous fiscal year from current year and periods as input

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    regards
    sivaram.

    Hi
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  • How to change the fiscal year in the controlling area?

    I want to change the fiscal year mentioned in the controlling area. The problem is that the controlling area is assigned to a company code and number ranges have been defined and cost center hierarchy has been created.
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    Hi
    If its a Productive system - You cant change the FY.. You need to take SAP SLO Service.. Its a chargeble one
    If its a Test system and data is posted, then you need to delete the data 1st of all... I advise create a new contr area / comp code
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  • How to get current fiscal year/quarter/month/week

    Post Author: [email protected]
    CA Forum: Semantic Layer and Data Connectivity
    Hi friends,
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    based on ur target database DBMS you can find a built-in functions be used in the universe designer to get the requirment you talked about, like in oracle
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  • 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".
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    Thanks.
    Regards,
    Tan

    Hi,
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    Thanks
    Murali.

  • Shorten fiscal year

    Dear gurus,
    currently, our company would like to change the financial year end from FY2010 (jan- Dec) to (March to Feb). We are using FIAA and CO. Currently the controlling area code is accross companies. Now, we are in month of July 2010. Therefore, can i extend my period from 12 periods to 14 periods in SAP? i understand SAP has the feature of "shortening fiscal year". However, i would like to have details steps on it.
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    Regards
    Kee Hwee, Lee

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    Regards
    VG

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

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    Transaction Codes used: Year-end closing – AJAB, Fiscal year change – AJRW
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    Thank you,
    Vidya

    Hi,
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    I have used transaction OAAR to check if any area is still open for previous years.
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  • Error in opening Fiscal Year by Dep. Area

    Hi All,
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    I am trying to open Fiscal Year 2014 for Tax Depreciation Area only by using T-code OAAR, system is giving me below error message:
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