What is meant by FISCAL YEAR

WHAT IS MEANT BY FISCAL YEAR

Hi
Fiscal Year means Financial Year for which all the Accounting Documents are Created.
You can find this field in FI related tables like BKPF-GJAHR.
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Message was edited by:
Alvaro Tejada Galindo

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Fiscal Year End change

Our current Fiscal Year variant is April March. However we have now been bought by a different company and the fiscal year end needs to change to Jan-Dec. Therefore this year will be a shortened year.
I have a couple of questions:
I can see in SPRO that the fiscal year can be changed (transaction OB29) to accommodate a shortened year. Currently our year is set up under K4 which is year dependant not calendar dependant. How do I modify this? Do I move the tick from one to another (ie to calendar year), or do I need to copy the K4 and use it as a new one. If I do this what else do I need to do, I know if I changed it I would need to allocate it to the company code.
2. When do the changes need to be in Production, is it before year end, last day after everyone has gone home, on day 1, or once the accounts have been finalised? I assume I could make the changes in Dev/QA before then and fully test?
3. I understand that I need to do something on Asset/Depreciation. Again please advise on the timing of this.

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.
My question is, how do I let people see this when running reports etc. In IMG you can specify text for the period, however when looking at reports or data in any part of the system, this does not seem to appear anyway.
How has anyone else got round this?

Current Fiscal Year

Hi,
Is there an oracle function that returns the current fiscal year in format (2012/2013)?
Thanks

Hi,
sliderrules wrote:
Is there an oracle function that returns the current fiscal year in format (2012/2013)?That depends on what you mean by fiscal year.
If a fiscal year begins on April 1 of every calendar year, then
ADD_MONTHS ( TRUNC ( ADD_MONTHS (d, -3)
                  , 'YEAR'
        , 3
        )is the beginning of the fiscal year that contains DATE d. The "magic number" 3 reflects the fact that the fiscal year starts 3 months after the calendar year.
If you want a string like '2012/2013' that shows the calendar years when the fiscal year begins/ends, then use the expression above to get the beginning date, use EXTRACT to get the year as a number, and then add 1 to it.
If you're just interested in the year number, as in your message, then you don't need the outer ADD_MONTHS or TRUNC; you can just EXTRACT the year from <tt>ADD_MONTHS (d, -3)</tt>
You might consider a user-defined function for this. It will be slower than doing it in pure SQL, but it will be a lot more convenient. You don't have to use the function in situations where performance is an issue.
I hope this answers your question.
If not, post a little sample data (CREATE TABLE and INSERT statements, relevant columns only) for all tables involved, and also post the results you want from that data.
Explain, using specific examples, how you get those results from that data.
Always say which version of Oracle you're using (e.g., 11.2.0.2.0).
See the forum FAQ {message:id=9360002}
Edited by: Frank Kulash on Mar 14, 2013 11:30 AM

What is the difference between Fiscal year variant, Fiscal year and Calyear

hi,,
What is the difference between
1. Fiscal Year Variant (0FISCVARNT)
2. Fiscal Year (0FISCYEAR)
3. Calendar Year (0CALYEAR)
In what scenarios they should be used. If we are getting 0FISCVARNT data from ODS. Can we change into other in cube at update rules level or some other level?
How can we get factory calendar????
Message was edited by:
Avneet M

Hi Gurus
I was going through this thread and came up some more questions in my mind.
1. Do we need to set Fiscal Year, Fiscal Varient settings once for all in BW ? ( The path is given in one of the thread above ) need to know if this is one time setting / rebuilding the tables. what will happen when we select and execute factory calender and Fiscal Varient and Rebuild tables in transfer global setting ? Is this one time we have to do for whole BW system?
2. when we go to SCAL t-code what we need to do and what it do in the system ? I know its for Factory calender but just want to know what it does. It it also for one time during BW build phase ?
3. How can we link Factory calender and Fiscal year? IS it thro Fiscal varient ?
Pl help me to clear this doubt,thanks in advance.

What varaible is best to use for current fiscal year.

Hello all,
I have few restricted key figures which need to be reported as "for current fiscal year" so which ios the best variable we can use for that.In the filter area I have fiscal year variant and comp code do I have to give users the input ready for fiscal year?
Also then i need comparison between current and previous year for same RKF so I plan to offset the varaible by "-1" .
Thanks

It works for me Bhanu. Last I used that it gave me errors so was not sure.
for YTD i dont see any variable in fiscal year am I looking at wrong place.
can you suggest something
Thanks

Use of different fiscal year variant in leading&non leading ledgers and Asset closing&Reporting

Experts,
Need one clarification on using different fiscal year variants for Leading(0L)&non Leading(NL) Ledgers and impact on Fixed Asset Accounting.If I use say V6(Jan2013-Dec2013) for Leading Ledger and April2013-March2014 for non leading Ledger,(local GAAP)-please clarify the following.
1.Does Asset Accounting gives all standard reports as expected in both(Leading&Locals) the Depreciation areas?Do we need to any settings specially for in the above scenario?(I am assuming point#4 given below may not help for this as system gives an error if both the fiscal year variants have different start&end dates)
2.How is Year end in Asset Accounting handled?If I close the year end in Asset Accounting for Company Code as per Leading Ledger i.e say by Dec 2013,can I still post the asset entries in non leading ledger?Because Financial year for Leading ledger will be 2014 and non leading will be still 2013(in Jan2014).
3.I am aware SAP has some restrictions way back in 2005-2007 (SAP note 844029) for different fiscal year variants in Leading&Non Leading Ledgers,Does SAP come out with any solution later?
4.What is the exact use of the settings at Asset Accounting>>Valuation>>>Fiscal year>>Fiscal year variants at company code level or Depreciation area level?My understanding here is,they are not meant for using different fiscal year variant with different start&end dates but they are meant for using different fiscal year variant with same START&END DATES and have different number of posting periods i.e 1 can have 12 and other can have 13.
Please can you give your comments?
regards
hinfi

Hi Hinfi,
It seems standard SAP does not manage different fiscal year variants (at least with different start/end dates) in different depreciation areas.
However, they came up with an add-on solution called Multiple Calendar Tool and based on a mirroring solution that synchronizes asset transactions in a mirror company code.
It's all explained in following notes:
Note 1175751 - Project solution for alternative fiscal year variant
Note 1636025 - Asset acctg multi calendar tool 1.0_ SP Note
Note 1658489 - Installation of Asset acctg multi calendar 1.0 software
Note 1658714 - Asset acctg multi calendar tool_ Overview Note
Note 1691481 - Release strategy_ Asset acctg multi calendar tool
Note 1951069 - Different fiscal year variants in General Ledger Accounting (New) (NewGL) under the new Asset Accounting (FIN_AA_PARALLEL_VAL)
I don't know if it's commonly used and personnaly have no feedback on it. I was curious to check how to manage a depreciation area 01 posted in a leading ledger in US GAAP (FYV january to december) and another depreciation posted in a non leading ledger in Indian GAAP (FYV april to march).
BR
Gregory

Multiple Fiscal Year Variant in the same client in SEM-BCS...

I have already looked at some earlier threads relating to this but didn't get a convincing answer to what I would like to know.
We have had a working SEM-BCS system with fiscal year variant K4. There was no need for defining leading fiscal year variant and none was defined. SAP, by default takes, K4 as the leading fiscal year variant.
Now there is a requirement for going on a different fiscal year variant for which we have created another databasis (there were a few other reasons besides these) with the same InfoObjects that we used earlier but with different fixed parameters, one of which is fisc year variant V9. Soon, we started experiencing bizarre dumps in the configuration which ultimately convinced me to define a leading fiscal year variant. I was reluctant to do so because there is a lot of old data (which will become 'historical' from new data basis point of view) from the working system on K4 that would still need to be reported on even when we have new BCS solution in the new fiscal year variant V9. That is not going away. There is a need to keep the old data for reporting (hence the rationale for a different data basis among a few others).
Since earlier Master Data was configured in the old fisc year variant K4, now I have defined the leading fiscal year variant as V9 so that MDF can appropriately identify the period dependency.
I would like to know if any of you have had an unexpected behavior from the system going forward. Does the system dump out when you try to read the old data (from earlier K4).
I have tried to explain the dilemma as clearly and succinctly as possible but if you need more clarifications, please do let me know.
I would really appreciate your help in this.

Is your requirement is that K4 to be changed to Z5.
The best way you can do it is in the transformation. Instead of directmapping,
Write a code like this in the trransformation to the cube
If SOURCE FIELD - 0FISCVAR eq 'k4'.
SOURCE FIELD - 0FISCVAR = 'Z5'.
I dont think we can change th data in the query being displayed. we can change the keyfigure values in query by frmulas etc...
but for a characteristic, i think we will be able to restrict bt not change the value.
to obtain the requirement, w have to get the data change before query designer that is in the cube leve.
Hope this helps,
Sri...

Shortened Fiscal Year and its impact on BI back end and Bex reports

Hi All,
Our client is making some changes to the fiscal year period.
Becuase of some business requirements, we will have to shortened the fiscal year.
Can you please suggest - what are the watch points when we do this?
- what will be the impact to BI back end and Bex reports?
Thanks,
Nisha

Hello Nisha,
Since the fiscal year (Infobjects - 0FISCYEAR and/ 0FISCPER3) is compounded with fiscal year variant, therefore maintaining the correct variant in BI will automatically take care of showing the data correctly.
So there are two things to be maintained in BI:
1) To see that the variant definition.
2) If you need to display the text of the fiscal periods, then the correct texts.
Let me know if you need more clarifications.
Regards,
Shweta
Edited by: Shweta Kesarwani on Jan 8, 2010 11:10 AM

Fiscal year period quarter in purchasing cube

*Dear friends,*
*I want to make one query on the basis of fiscal year Qurterly . So please what is infobject in purchasing data cube is useful for making this query. Please guide me*
*Thanks and Regards*
*Anil*

Hi,
due to the fact that you dont want to use the quarter of the calendar year, you should build up an appropriate one and add it to the cube. Also you should fill it by formula or routine.

Turkey: year end close RFSUMB00 / fiscal year variant

Hello guys,
I am wondering if anyone of you have had this requirement before.
Running RFSUMB00 on a Turkish company code will blow away the balances from all G/L accounts so that each individual account has a balance of 0.
Questions:
1. How do you manage revenue accounts (cost element categories 11 and 12). A pure cost centre is not enough as CO account assignment. You can switch off error message KI 166 (so that no COPA documents are then created), but is this really wanted?
2. If each individual account has a balance of 0 at year end, how to create a B/S and P/L for that year? Especially, for previous years? The only thing that comes to my mind is using special periods (13 to 16), but.... -->
3. ...in our system, the FI fiscal year variant is not K4, but a custom variant. The fiscal year (of the group) does not end on 31st December. I have a small FI-SL application running in the background (with K4 assigned there), and I could change the FI-SL period to 13 during the document transfer easily, but I ask myself why I do not post all of these funny closing documents directly in FI-SL then? This would save me from the usage of dummy assets/customers/vendors and the continous changes made to the "automatic postings only" flag (SKB1-XINTB).
Turkey experts, any hints welcome. What are your best practices?
Thank you,
Csaba

Yes frank,
GL closing should be carried only after all the sub ledgers are closed
for asset closing
you should open the new fiscal year first (AJRW) and then close the existing fiscal year. (AJAB)
otherwise FI-AA and Fi-GL may not reconcile (use tcode ABST2 to check this)
Regards
Sach!n
Edited by: Sachin Bhutani on Jan 30, 2010 3:32 AM

Can we post entries in 2014 and 2015 fiscal years simultaneously

Hi,
Now we are in fiscal year 2015.Still postings are going on for FY2014.Not yet done any year end activities for 2014.Client is asking to open posting periods for fiscal year 2015.They want to post in fiscal years 2014 and 2015 as well simultaneously. Is it possible? If possible,what are the precautions we need to take ?
Thanks

Hi
Yes if you have special period defined for 2014
or keep both Fiscla period open in FI .
in MM you should be able to post only in period 12 of fiscal year 2014 . so its depend on what sort of entriews you want to post

Change in Specify Transfer Date/Last Closed Fiscal Year in Asset Accounting

Hi,
While uploading the asset master data and values,I have given the Specify Transfer Date/Last Closed Fiscal Year date as 31-12-2008.But as per the fiscal year 4-4-5,2008 closed on 03-01-2009.
what are the consequences,If we change the Specify Transfer Date/Last Closed Fiscal Year date from 31-12-2008 to 03-01-2009 as the 2008 closed on 03-01-2009.
Kindly give me some inputs regarding this change.
Thanks
Supriya

Hi
Please note
I you change the transfer date to current FY date , system will not allow u to upload data in PY.
See the below
Transfer Date
This date determines the status of posting to be used for the
transfer (posting up to this date will be included in the transfer), not
the actual date the data transfer is carried out. This specification
also determines whether you want to perform the transfer during the
fiscal year (with transfer of posted transactions/depreciation in the
current fiscal year) or at the end of the fiscal year (without
transactions).
If the transfer date is not the last day of the fiscal year (according
to the fiscal year variant in FI), the system interprets this as
transfer during the fiscal year. The system cannot transfer any
historical transactions. It can only transfer cumulative values from the
end of the last fiscal year, and the transactions in the current fiscal
year (the second is only possible for transfer during the fiscal year).
Example
transfer date = December 31, 1997
=> last closed fiscal year = 1997
Specify Last Period Posted in Prv.System (Transf.During FY)
    You must specify the period up to which depreciation was posted in the previous
    system. This period refers to the posted depreciation that is to be
    transferred during old assets data takeover.
Thanks
GG

Posting in Asset Accounting in closed fiscal year

Hi
We are in the fiscal year 2009 and my client wants to open the closed fiscal year 2008 in both Asset accounting and Finance.
Point 1 : The requirement is they want to post some correction entries in April 2008 -Let me know what needs to be done in terms of depreciation posting etc to do a 2008 yearend again.
Point 2 : Any specific steps to do a full year end in 2008 now to balance Asset Accounting and Financial .And to carry forward balances as to where we are now in period 10.
Please advice.

Hi,
if you open 2008 and post, you have to process the full fiscal year end close procedure. AFAB, ASKB, the whole story.
You don´t have to worry about the carry forward, this will be done automatically by the system.
Regards,
Markus

To show all months of qty values for each fiscal year in report?

Our cube contains different fiscal years of order qty/delivered qty for a material (e.g. material A). We use fiscal year variant V9 (Oct. - Sep). We would like to generate the following query result to list the material, order qty, fiscal year, and then for each calender month, the delivered qty value for the corresponding fiscal year:
Column title:
Material --- Order Qty --- Fiscal Year --- Oct --- Nov --- Dec --- Jan --- Feb --- Mar --- Apr --- May --- Jun --- Jul --- Aug --- Sep
Just give two rows of data for material A:
1st row data example:
A (material) --- 23 (Order Qty) --- 2006 (fiscal year) --- 2 (delivered qty in Oct of the calendar year 2005 ) --- 4(delivered qty in Nov of the calendar year 2005 ) ---1 (delivered qty in Dec of the calendar year 2005 ) --- 5 (delivered qty in Jan of the calendar year 2006 ) --- .... 2 (delivered qty in Sep. of the calendar year 2006)
2nd row data example:
A (material) --- 45 (Order Qty) --- 2007 (fiscal year) --- 3(delivered qty in Oct of the calendar year 2006 ) --- 6 (delivered qty in Nov of the calendar year 2006 ) ---1 (delivered qty in Dec of the calendar year 2006 ) --- 5 (delivered qty in Jan of the calendar year 2007 ) --- .... 2 (delivered qty in Sep. of the calendar year 2007)
How to generate this query?
Thanks!

hi Chandran,
Actually in each row data for material in different fiscal year, all the KFs in columns should be restricted to the fiscal year value. What we do is to use selections other than structure or RKF. What we is following listed in details that you can check if what we do is correct:
Under KF structure:
1. Create a selection for the 1st KF (Order Qty). In this selection, Order Qty is restricted with the characteristic 0FISCYEAR.
2. Create a formular as 2nd KF for the FY value. This formula KF use the value of a formular variable with Replacement Path of the the characteristic 0FISCYEAR. But somehow this KF value shows "X" values in this column. We defined this Replacement Path variable with the Reference Characteristic as 0FISCYEAR and all others keep default. But don't know why this column shows "X" values. We also add 0FISCYEAR to the row, and find the one does have data in the row. Any idea why put it in formular variable onto column not working?
3. Create a selecction for the 3rd KF (Oct). In this selection, restrict Delivered Qty with the characteristic 0CALMONTH2 (Calendar month) and further restrict 0CALMONTH2 to a fixed value: October
4. Create a selecction for the 4th KF (Nov). In this selection, restrict Delivered Qty with the characteristic 0CALMONTH2 (Calendar month) and further restrict 0CALMONTH2 to a fixed value: November.
Then the following steps are similar to step 3 and 4 to create all other Month columns. We wonder in all these selections, would we have to restrict them further with 0FISCYEAR?
Therefore we've got two questions:
1. Why in step 2, the formular variable doesn't work and the FY column shows "X" values?
2. Do we need to further restrict the delivered qty with the characteristic 0FISCYEAR for each month column which corresonding to the fiscal year in the same row?
Thanks alot and we are keeping giving you reward points!

Asset Report to check periods in Closed Fiscal Year

Hi Gurus,
Would want to check what other standard SAP t-codes that could be used to check the periods for the closed Fiscal year in asset reporting? i.e. FY 2008 closed, would need to check asset balances, NBV, etc for period 7, system prompts an error and could only execute for period 12.
Appreciate feedback
Many thanks
eddie lim

Hi
If you are using the report S_ALR_87011963, following is the limitation for it.
You cannot run a report for any day you choose within a period. The
following restrictions apply to the report date:
o   If the report date is in the past, or in the current fiscal year:
     You can use the end of a fiscal year or the end of any period as the
     report date. If the fiscal year is already closed, you can only use
     the end of the fiscal year as the date.
o   If the report date is in a future fiscal year:
     The system always uses the last day of the fiscal year as the report
     date.
o   If the report date is the first day of a fiscal year:
     To ensure that the values for the beginning of the fiscal year are
     same as those for the end of the previous fiscal year, the
     system runs reports with the report date 1/1/YYYY for the date
     12/31/YYYY-1 (the same applies for a non-calendar fiscal year).
If you want to run report for forcating depreciation and NBV, use TCOD - S_ALR_87012026
Thanks
GG

What is meant by FISCAL YEAR

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