on 08-21-2007 6:09 AM
Friends,
Can someone explain to me this structure of the fiscal year variant.
As can be seen, there are 2 periods for each quarter...I dont understand why is this. Also, There is period '1' again in the end for Month 12 with Yera shift as +1.
Can someone explain this please.
Month Day Period Year Shift
1 27 1 0
3 3 2 0
3 31 3 0
4 28 4 0
6 2 5 0
6
7
9
9
10
12 1 11 0
12 29 29 0
12 31 1 +1
hello,
if i am understanding then u want to know that why this year shift is +1,
this is because ur fiscal year is year dependent ie the start and end of the period is not on same day. so, in this case u need to follow shortened fiscal year in which +1 signify the considerable fiscal year is next new year.
eg:- suppose the fiscal year is2007-2008, then we say in our system that this is fiscal year 2007 not 2008 even the month comes january of 2008, but in ur case in ur case u will called fiscal year 2008 because ur year shift is +1 and our year shift is -1.
hope this can be useful.
please reward points.
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Hi,
In fiscal year variant your are define the periods under different types. one period means it is not a month. it may be one day also. it is not standard one . for Further reference please see the standard ones namely, F1 this is also like one of the customization and standard one.
Coming to year shift. For example according to india the accounting year is April to march. so the First month is according to accounting transactions April and the last month March. But our calendar shows from January to december. That is the reason we are specify Jan to March as -1. See V3 standard one.
IF the accounting year start from May to April. then From Jan to april the year shift will be -1.
Hope this clear, if yes assign points.
Regards,
Sankar
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HI,
WHEN THERE IS A DIFFERENCE IN THE PERIODS IN ACCOUNTING YEAR AND CALENDAR YEAR THEN ONLY THE YEAR SHIFT WILL COME . IF NOT HOW THE YEAR SHIFT WILL COME CHOOSE YOUR FISCAL YEAR VARIANT AS A CALENDAR ONE .
BUT AS YOU SAID YOU WANT TOTALLY 13 PERIODS AS ACCOUNTING YEAR. IT MEANS YOU WANT TO MAINTAIN TWO PERIODS FOR ONE MONTH OR WHAT
hOPE THIS CLEAR, IF YES ASSIGN POINTS, PROBELM REVERT ME
REGARDS,
SANKAR
Hi Hiren
Fiscal year
Month Day period year shift
1 31 10 -1
2 29 11 -1
3 31 12 -1
4 30 1 0
5 31 2 0
6 30 3 0
7 31 4 0
8 31 5 0
9 30 6 0
10 31 7 0
11 30 8 0
12 31 9 0
Thanks
Ansuman
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Hi Hiren
My understanding is your fiscal year starts from February to January next year. Thats why the fiscal year variant is set up like this
thanks
ashok
assign points for useful answer
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