Fiscal Year change and effect With respect to PS

[sunil_yadav2]

Hi Experts,

My client want to change fiscal year change from Jan-Dec to Apr-Mar. so with respect to this what should we have to do for projects.

what will be the effect while changing fiscal year change.

thanks

Sunil

[former_member230675]

Hi,

If you are using cost element planning then the period shown should be changed, for example in the earlier calendar period 1 will be for Jan, where as now period 1 will represent April.

You need to clear this concept, thats all.

[former_member209919]

Hello Sunil,

I don't have experience changing FY but I think it has an important impact in PS ( and obviously in other areas), really I was thinking if technically it was possible.

It seems that it is possible but my advice is review OSS and other posts related to this topic.

Regards

[Former Member]

Hi,

As per the standard process , in Project system , FY ( fiscal year ) / Calendar Year object was not configured in PS , but we will incorparate the fiscal year objects functionality in our project profile.

This fiscal year impact will be from FI point of view, I hope from that module point of required changes had to be done, as per their open & close  period activities, and for document genration.

In PS , sytem will take planning /Budgetting as per the Annual Planning / Overall Planning  profiles maintained. And even in Annual Budget , it will consider only yearly but not monthly wise, So there will not be such impact from PS point of view as my concern,

I hope it might he helpful to your scenario.

Regards,

vrkumar

[Former Member]

From a pure PS perspective you do not have to do anything.  If you use budgets in Investment Management you will have to look at budget carryover.