IFRS - Ledger / Fiscal Year Selection.

Hello,
We would like to implement New GL with IFRS compliances . Please clarify on following doubts:
1 . Whether Leading Ledger would be for IFRS or Indian GAAP ?
What are the Pros and Cons of each selection ?
2. What exactly differences with Leading Ledger Vs Non Leading Ledger
3. Is it mandatory to follow Calender Year ( Jan to Dec) for IFRS compliance.
Regards,
Sujana

Regarding your first questions, as india is moving towards complying completely with the IFRS, it would be better to have your leading ledger in IFRS and then the non-leading ledger in Indian GAAP. This way you will not have re-work. However, once you have activated a way of principle for one ledger, it is difficult to re-do and go to another ledger.
Therefore, caution and a lot of discussion with your client and their auditors is required about the timelines on compliance with IFRS
On your second question:
As SAP says leading ledger should be based upon main reporting GAAP. non-leading ledger will be based upon additional reoprting requriements. For example if the company is EU based and it has operations in US and China then it should have leading ledger with IFRS. Non-leading ledgers with USGAAP and China GAAP.
Regarding your third questions :
IFRS does not put any restriction on usage of year. financial year is local legal requirement and rule of the land.

Similar Messages

Error in Fiscal Year Ledger Assignment

Hi,
I am Prashant and I have an issue with transaction KP06.
When I try to save the plan data I am getting the following error.
Ledger 0 has fiscal year variant instead of K4
Message no. GI174
Diagnosis
When transferring planning data, the receiver ledgers must have the same fiscal year variant as the sender system, since all planned periods are transferred and not just one period with a posting date. Therefore, the period cannot be converted.
Procedure
Compare the fiscal year variant of the sender system with the FI-SL fiscal year variant.
You can access this in FI-SL Customizing by choosing Basic Settings Master Data -> Ledger (select the ledger specified in this message) -> Assign Comp.Cd/Comp. -> After selecting the company code, the system displays the assigned fiscal year variant.
My client is implementing ECC 6.0 and the error is occuring in QA client.
I unit tested in the Dev Client and over there it is working fine.
My client is not using Special Ledger.
We are using New Gl and the only ledger we are using is the leading ledger 0L. As we know this receives the fiscal year variant assignment from the company code and the company code is assigned to K4. So this should not be the problem.
Can anybody advise as to how to resolve this error?
Thanks in Advance,
Prashant

Hi,
Check your controlling area fiscal year variant assignment and 0L ledger fiscal year variant in NEW GL.
if they are different from K4,you have to assign K4.
Thanks,
Rau

Calender week & Fiscal Year

Could you please let me know how to find out the first date of the calendar week based on the fiscal year selected.

use this FM <b>GM_GET_FISCAL_YEAR_START</b>
here in first field enter one of these "
24 for half periods
48 four periods a year
C1 First period
K1 Calender year 1 spec period
K4 Calender year 4 spec period
V3     Apr.- March, 4 special periods
V6     July - June, 4 special periods
V9     Oct.- Sept., 4 special periods
WK     Calendar weeks
Message was edited by:
        Amit Singla

Ledger 0 has fiscal year variant instead of V3 - Message - GI174

Hi all,
i am geting below message when i am doing KP06 for cost center planning
Ledger 0 has fiscal year variant instead of V3
Message no. GI174
Diagnosis
When transferring planning data, the receiver ledgers must have the same fiscal year variant as the sender system, since all planned periods are transferred and not just one period with a posting date. Therefore, the period cannot be converted.
Procedure
Compare the fiscal year variant of the sender system with the FI-SL fiscal year variant.
You can access this in FI-SL Customizing by choosing Basic Settings Master Data -> Ledger (select the ledger specified in this message) -> Assign Comp.Cd/Comp. -> After selecting the company code, the system displays the assigned fiscal year variant.
Kindly do the needful.
Regards,
TDK

Hi,
The message means you need to change fiscal year variant of ledger 0 to V3. I guess your fiscal year variant of controlling area is V3. Both of them should have same fiscal year variant. So change it may be solve the problem.

Fiscal Year for Non-Leading Ledger Issue

Hello Experts,
I am implementing New GL concept in my Current Implementation..
We have one company code which is based at US and has a branch in india
In this case, i have configured one non-leading ledger with Fiscal year variant V3 and Currency INR.. for Indian local Reporting...
Here after posting the transaction, In F.01 report, i am not able to view the Fiscal period for that non leading ledger which i have crated for India
Kindly help me.. I want to view the F.01 report with US posting period when i executed with Leading ledger OL and V3 fiscal period when i execute this with Non- Leading Ledger KS
Kindly Help me regarding this. And also help me to provide some transaction codes for executing reports exclusively for Non- Leading Ledgers..
Thanks
TK Surya

Hi Aravind,
Thanks for the immediat response. But I am not able to understand the activation of non leading ledger and activating it with two currencies and fiscal year variant. Can we have two reporting structure with two periods with two different starting and ending dates.
Thanks once again
surya

FISCAL year from Date in the Selection Screen.

Hi Folks,
Is there any function module which returns the Fiscal year if we provide the date in ranges.
I mean, I have a select option for date in the selection screen.So,if a user enters the date say 01042007 01042007 it should return the corresponding fiscal year.
Kindly let me know if anyone here has any idea regarding this.
Thanks,
K.Kiran.

Hello,
Check these FM's
FTIS
FTI_FISCAL_YEAR_MONTH_GET
KBPA Budget/Plan - application-specific
KBPA_GET_START_FISCAL_YEAR Determine Start Year for Funds Management
KBPA_GET_START_FISCAL_YEAR_OPT
Vasanth

Non leading ledger (V3) shows wrong fiscal year

Hi All,
I am using leading ledger for USA (K4) and Non-leading ledger for local GAAP, India (V3). while posting into Asset Accounting, it is recorded properly bu when i am executing report for Asset accounting, i am geting the information in V3 for 2011 fiscal year which supposed to be in 2010.
Can anyone help me to resolve it.
Thanks & Regards
Sukant

HI,
check SAPNET notes 844029 and 1175751 they describe the SAP standard system behaviour and what you can do.
best regards, Christian

Enable fiscal year/quarter selection in a query

Hello all,
I want to have an characteristic fiscal year/quarter similar to fiscal year/period (0FISCPER) in my query. Unfortunately I can not find such a characteristic in the time infoObjects in my cube and in the administrator workbench.
Our Fiscal year starts in July. So the first quarter is July - September. The BW release is 3.5.
How canI enable a fiscal yearquarter selection in my query?
Any ideas would be great.
Thanks upfront and Best regards,
Stefanos from Munich/Bavaria/Germany

Stefanos ...
A couple of options for the same :
1. Have 0FISCPER in your cube and map the same to the custom characteristic in the update rules.
2. Have the custom characteristic in the cube in a separate dimension
3. If you have the same in the cube - have a variable against that and execute your query...
By doing the above you can get the same in the query.
Arun
Assign points if useful

Order my select statement by fiscal year

I want to order my select statement by
fiscal year of DATE_OF_SEPARATION,
inst_num,
trauma_num
The fiscal year is between YYYY/04/01 to YYYY+1/03/31
How would I write the order by statement
order by
inst_num,
trauma_num
Thanks
Brendon

either use your own calender in an auxiliary table
or write a function and order by function.
1. create table my_fiscal_year (day date, fiscal_year number);
select
    fiscal_year
from
   ,my_fiscal_year
where
   date_of_separation = my_fiscal_year.day
order by
   my_fiscal_year.fiscal_year
2.
create function f_get_fiscal_year(p_date date) return number is
   l_year number ;
begin
   if to_char(p_date,'MM') between '01' and '03' then
     l_year := to_number(to_char(trunc(p_date,'YEAR'),'YYYY')) - 1;
   else
     l_year := to_number(to_char(trunc(p_date,'YEAR'),'YYYY')) ;
   end if ;
   return l_year ;
end ;
   order by
       f_get_fiscal_year (date_of_separation)

Data selection Fiscal year/period in info package

Hi Experts,
I loaded the data from application server to my data target and load completed with lot of records, but as per my requirment i need to load Fiscal year/period 001/2010 to 012/2010. I just giving selection in info package like 001/2010 to 012/2010 and i excute load it sowes no records, make sure in application server we have lot of records for this period.
CAn any one tell me how can i give format in infopackage.
Thanks in advance
David

Hi,
Select range in correct format. Instead of giving manually, You can select from system. This can be wrong format of selection.
Thanks,
SAC

Depreciation Posting to Parallel Ledger of different fiscal year

Hi,
We have one Parallel Leder with fiscal year variant K4 and our Leading Leger is with V3. While carrying out AFAB for period 2 fiscal year 2010 (May 2009)(depreciation run), system gives error saying that 'Posting period 005/2009 is not open'. Period 005/2009 is on the basis of K4, which cannot be opened as data migration is over.
Request for cause of the error message.
Regards,
Rama

Hi,
Fiscal year Variants are different in the Leading and Non leading Ledger. One V3 and the other K4.
The error message comes only at the time of depreciation run. In other postings, there are no errors.
Regards,
RN

Dynamic date in the selection according to fiscal year variant

Hi
Is it possible to set dynamic date input parameter from the fiscal year variant sap table (OB29 transaction).
For example when I run valuation (F.05) I want the value date input field to be the last day of the previous period.
Thanks
Ofer

Hi,
The dynamic dates on the selection parameters may come from the variant.
You need to create the variants accordingly to your requirements and specify how the date on the selection screen has to be calculated.
You have different options for this purpose.
T T: Table Variable from TVARVC
D D: Dynamic date calculation

Selection criteria is fiscal year/period but need to restrict KF by date

Hi,
I have query where selection criteria is based on fiscalyear/period and in result I need to have Netvalue for all the sales order by created on date for that fiscal year/period.
For eg if I have entered fiscal year/period as 008.2007, I should get net value for all the orders that have created on date between 08/01/2007 to 08/31/2007.
Can anyone help me about this please.

Hi DV
Here is the code
put it in I_STEP=2
WHEN 'EXIT NAME"
READ TABLE I_T_VAR_RANGE INTO loc_var_range with key vnam = 'userinput variable name'
v_fiscal_year = loc_var_range-low_0(4)
v_period = loc_var_range-low+4(3)
CALL FUNCTION 'FIRST_DAY_IN_PERIOD_GET'
          EXPORTING
            i_gjahr              = v_fiscal_year
          I_MONMIT             = 00
            i_periv              = Give your fiscal year variant name
            i_poper              = v_per
         IMPORTING
           e_date               = v_date_beg
         EXCEPTIONS
           input_false          = 1
           t009_notfound        = 2
           t009b_notfound       = 3
           OTHERS               = 4.
        CALL FUNCTION 'LAST_DAY_IN_PERIOD_GET'
          EXPORTING
            i_gjahr              = v_fiscal_year
          I_MONMIT             = 00
            i_periv              = Give your fiscal year variant name
            i_poper              = v_per
         IMPORTING
           e_date               = v_date_end
         EXCEPTIONS
           input_false          = 1
           t009_notfound        = 2
           t009b_notfound       = 3
           OTHERS               = 4.
        CLEAR s_range.
        MOVE:
          v_date_beg TO loc_range-low,
          v_date_end TO loc_range-high.
          loc_range-sign = 'I'.
          loc_range-opt = 'BT'.
        APPEND s_range TO e_t_range.
Thanks
Tripple k

Data Type to use for Fiscal Year Period selection screen parameter

I need to accept user input in the format
YYYY.PP
where YYYY is the Fiscal year and PP is the Period.
Is there a data type ( element / domain ) for such a field ?

date element you can use SPMON
or
parameter : p_spmon like MCS0-SPMON.
regards
shiba dutta

Fiscal year variant is incorrect

Dear all,
we have an additional daily ledger and daily fiscal year variant related to each other.
While trying to see line items by double-clicking, for example, cumulative balance line in FAGLB03 transaction I get the following error:
"Fiscal year variant XX is incorrect."
When determining the posting period, a period was found that is not in the permitted area 1 - 16.
Procedure Correct the fiscal year variant.
I have checked settings for the daily fiscal year variant and see no mistakes there.
I should mention that daily ledger and daily fiscal year variant had been set 2 years ago and worked without any problems.
Regards,
Stanislav.

Hello,
Check the customizing of LR variant in OB29
select the LR and double click the folder for period on the left.
enter then the year and continue
you will see a list of periods (hopefully, if not you have to maintain the Periods, better ask the FI colleague to do it).
Thanks
sapman man

IFRS - Ledger / Fiscal Year Selection.

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