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Fiscal year issue in FM-BCS

atif_farooq
Active Contributor
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Hi:

Client has some sponsored projects whose budget fiscal year is different from co code and FM. They are another entity within client , client fiscal year is from July to June and FM area should have the same fiscal year as of company code. For some of the projects whose funds are raised from foreign agencies ,their correspondents say that their budget year is different from client. How can we cater this requirement in FM-BCS

Regards

5 REPLIES 5

iklovski
Active Contributor
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Hi Atif,

Managing it through fiscal year won't be possible, I'm afraid. Coherence of fiscal year variants for organizational objects, company code, CO area, FM area, etc., is a core requirement of SAP. What is the business requirement behind this demand? That is, what does client expect of having different fiscal years? Is it for reporting? Then, it could be managed... Is it for AVC control? Then, it also could be managed, say, with budget period object.

Regards,

Eli

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Hi:

Controllers of projects withing client receives funds from external bodies e.g XYZ e.t.c These funds are received for a budget period different than the FM area fiscal year . Say funds from XYZ have to be entered in system for budget period October to September while client's fiscal year is July to June. Now for projects related to XYZ ,funds are received in October and needs to entered for fiscal year October to September and monitoring of funds is to be done based on this reporting period. How can this requirement be catered.

Regards

iklovski
Active Contributor
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Hi,

Just as an option, imagine using budget period, which will be defined as 2013 from October 2012 to October 2013, 2014 for October 2013 to October 2014, etc. You will put the budget for your programs on the combination of your fund centre/commitment item and this budget period. Of course, when the real fiscal year ends, you'll have to do carry-forward in order to pass the document to the next FM year, but you'll keep the budget period unchanged. Therefore, your budget and consumption will be traced on this level both for the reporting and for budget control.

Regards,


Eli

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Hi Eli:

Can you please specify that how can we post budget for a fixed budget period for some specific fund center/commitment items in FMBB. Currently we are in July which is start of client real fiscal year, client can post its own budget by selecting ALL period and setting document date as 01.07.2012 but for few fund centers how can post budget for specific period. Do you mean to say carrying forward the budget will resolve the stated issue for client projects ?

Regards

iklovski
Active Contributor
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When I speak of budget period, I mean FM object, which is called 'budget period', not period as such.