How to open previous period

Hi all,
Can any one please let me know, is it possible to open the period in the previous year. If so, please let me know the details.
thanks & regards
Chaitanya

Hi,
Using MMPI, i have faced the message "Follow the instructions in Note 487381 before initialization".
Further i have gone thru this note which specifies two points:
1) The initialization of the posting period to a previous or to any posting period may lead to the loss of the information of the inventory balances of the previous periods.
2) The book value of the current posting period is taken as the basis also for values of the previous period in this case.
Can you please confirm whether loss of information indicates loss of accounting data or only information. Please provide the details of the consequences with the opening of any previous period.
thanks & regards
R. Chaitanya

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Thanks for response, i download a note N° 487381 but i don't know how to do before running MMPI or OMSY
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In general, it is only safe to reopen a previously closed period when no material postings have been done after the period shifting to the new period.
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Go to Transaction Code SE38
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Execute or press F8 function button
Enter your company code (From and To)
Enter relevant date: Say 01/03/2008 for Mar. 2008 month to be opened as of now
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Refer SAP Note No. 487381 for more details.
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1. Go to OX18, and delete the plants assigned to your CO.Cd and save.
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regards,
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thanks

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First of all read SAP Note 487381. T-code MMPI. If you don't have a backup or a request saved on development client with the previous period, you may try to modify the record on the table MARV (don't try yourself - discuss with a specialist who know your SAP system). If there isn't any records it won't be a problem!
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