Configuring FISCAL YEAR VARIANT

[Former Member]

Hi Gurus,

I need to configure a fiscal year which is starting from Oct 30,05 - oct28, 06 . It has 10 periods.

its like this

period weeks days

1 oct 30- dec 3/05 5 23

2 dec 4 - jan 14/06 6 30

.

.

.

10 sep 24-oct 28/06 5 25

total 52 234

I went into OB29. but how should i assign the month and dates

Can anyone please help me configure.

Points will be assigned

Thanks

[Former Member · Accepted solution]

I just sent the screen shot. Let me know if you have any questions.

[Former Member · Accepted solution]

so u mean tht after 10/26

12/5 is frm the last years !!

[Former Member]

That is the first period for the year 2006.

[Former Member]

can you send me your e-mail. I will send you a screen shot of how I have done.

[Former Member]

ya sure.. its kingforall@gmail.com

[Former Member]

Month should be 12, period 1 and year shift -1.

[Former Member]

@venkat

so now i started from 12 th month till 10th month in 06

if i'm try'g to save.. its asking to fill another row with error " Specify month, day and period "

why is it showing like tht

[Former Member]

You have to define for the year 2006 and the first period from the year 2005 with -1 in the year shift.

[Former Member]

@venkat

but in 2006 year, should the month start with 1 in the first coloum,

if so, how do i mention oct 2005( should i have to write 12 in the month row and -1 in year shift)

[Former Member]

Your quesion is not too clear.

Somehting about shortened fiscal year:

When you define a shortened fiscal year, you have to make the following specifications:

A shortened fiscal year must always be defined as year-dependent, since it can only apply to a specific year and must be followed by a complete fiscal year.

You define a shortened fiscal year and the following or previous complete fiscal year in one fiscal year variant.

[Former Member]

@sivakumar

Is mine a shorted fiscal year ?

I have 10 periods which covers all the 12 months..

[Former Member]

I dont think so.

[Former Member]

There are two issues here.

One is understanding whether this is a shortened fiscal year or not. Once this is understood the next issue is how to define. Defining the FYV comes second. So we need to understand whether this is shortened fiscal year though it contains 10 periods covering 12 months.

[Former Member]

@shiva

how do we know if its a shortened fiscal year variant or not..

i guess its a normal fiscal year

[Former Member]

<b>This is SAP definition of shortened fiscal year: </b>

Defining shortened fiscal year

A shortened fiscal year is a fiscal year having less than twelve months,

but for which year-end closing must be carried out. The definition of a

shortened fiscal year is always year-dependent, since it represents a

year-related exception. You must always define an entire calendar year

when defining a fiscal year variant. The year-related fiscal year

variant therefore contains not only the periods from the shortened

fiscal year, but also other periods from the previous or subsequent

fiscal year.

There are two ways to define a shortened fiscal year:

o If you only use Financial Accounting (FI) without Asset Accounting

(FI-AA), you can begin a fiscal year with any period.

Example

If your shortened year goes from January to September, you can

assign periods 004 to 012. Assign periods 001 to 003 of the new

fiscal year to the months October-December.

Specify the number of periods for the fiscal year variant (12 in the

example above).

Note

Keep in mind that the last period of a fiscal year must correspond

to the number of periods in that year. This means that if you want

to define 12 periods, the last period in that year must be number

12.

<b>As per this definition u dont fall under the category of Shortened fiscal year</b>

[Former Member]

@siva..

so wht should i do now ?

should i mark it as year-dependent or calender year ?

[Former Member]

Year dependent.

[Former Member]

so do i have to complete all the 12 months in 2006

if so, what should we fill in the Period coloum(as i have already mentioned period 1 in the starting for oct 05)

[Former Member]

Yes. For ur 10 periods.

[Former Member]

Shortened fiscal year comes in only when you do not have all the 12 months in the 10 periods.

[Former Member]

I have all the 12 months in these 10 periods .. Oct 30, 05 - oct 28, 06

[Former Member]

You have to click on the 'Periods' and define the periods for that fiscal year variant. When you define the periods for the year 2006, if some of the periods fall in the year 2005, then you have to give '-1' in the year shift column or if the periods fall in 2007, it should be '+1'.

[Former Member]

@ venkat

so after clicking on periods, when it asks for calender yr .. should i have to mention 2006..

if i take 2006. should the month start from 1(i.e jan 2006) or should i consider oct of 2005

Thanks ..

[Former Member]

You have to create a new fiscal year variant as year dependent and with posting periods as 10. And then assign the ending dates of the periods for each period and if one of the period falls in the next calendar year you have to enter '+1' in the 'year shift' column for that period.

[Former Member]

hi venkat

thanks for the reply

Actually i have to configure for 2006 and 2007.

Now as my fiscal year starts from oct 30,05. Should i have to configure for 05 fiscal year.

So after going into ob29, clicking new entries > new entries> 10 posting periods-->

now should i go into period tabs or period texts or shorted fiscal year tab?

[Former Member]

You will need to specify that the year in question is a shortened fiscal year i.e. less than 12 months.

[Former Member]

how do i mention that, its a shortened fiscal year variant during configuration.

i have mentioned that it has 10 periods.