Hierarchy
FINBASIS (Software Component) Fin. Basis⤷
FIN-FB (Application Component) Financials Basis⤷
FINB_CUSTOMIZING (Package) Customizing Entities
IMG Activity
| ID | ACC_PERIOD | Define Fiscal Year Variant |
| Transaction Code | S_SE3_50000010 | (empty) |
| Created on | 20020618 | |
| Customizing Attributes | ACC_PERIOD | Define Fiscal Year Variant |
| Customizing Activity | ACC_PERIOD | Define Fiscal Year Variant |
Document
| Document Class | SIMG | Hypertext: Object Class - Class to which a document belongs. |
| Document Name | ACC_PERIOD_DC |
In this IMG activity, you can define the following properties for a fiscal year variant.
- The number of posting periods per fiscal year
- How the system determines posting periods when making postings
When defining your fiscal year, you have the following options:
- Your fiscal year is identical to the calendar year:
Set the Calendar Year flag.
- Your fiscal year does not correspond to the calendar year:
To begin with, enter the number of posting periods in the Number of Posting Periods field. To define your posting periods, select your fiscal year variant and choose Periods in the navigation tree. Here, enter the month and day of the period end and the period.
- Your fiscal year does not correspond to the calendar year and is year-specific:
Enter the number of posting periods in the Number of Posting Periods field and select Year-Specific. To define your posting periods, select your fiscal year variant and choose Periods in the navigation tree. The system will ask you which calendar year your year-specific fisca
You can also define names and descriptions for the periods in a non-year specific fiscal year variant. To do so, select your fiscal year variant and choose Period Texts in the navigation screen. You can enter a three-character abbreviation (Jan, Feb, Mar...) and a 20 character long text (January, February, March).
Requirements
Standard settings
In the standard system, SAP provides the following fiscal year variants:
- Variants in which the fiscal year corresponds to the calendar year
- Variants for shortened fiscal years
Activities
- Check the fiscal year variants delivered by SAP.
- Change the existing variants or create new ones as required.
Use
Define Shortened Fiscal Year:
A fiscal year that contains less than twelve months and for which annual financial statements have to be created is known as shortened fiscal year. Definition of a shortened fiscal year is always year-specific, as this fiscal year represents a year-specific exception. When defining a fiscal year variant, you always have to define a complete calendar year. The year-specific fiscal year variant therefore contains the periods from the shortened fiscal year plus other periods from the previous or following fiscal year.
There are two ways of defining a shortened fiscal year:
If you only use application component (FI) without Asset Accounting (FI-AA), each fiscal year can begin with any period.
If you shortened fiscal year runs from January to September, you can assign periods 004 through to 012. You assign the months October to December to periods 001, 002 and 003 in the new fiscal year.
Specify the number of periods for the fiscal year variant (12 periods in the above example).
Note
Note that the last period of a fiscal year must correspond to the number of periods. Therefore, if you want to define twelve periods, the last period of a fiscal year must be 12.
If you also use application component Asset Accounting (FI-AA) or another application component, such as Materials Management (MM) or Controlling (CO), each fiscal year must begin with period 001.
For a fiscal year variant, enter the required periods and the number of the periods in the shortened fiscal year. Each fiscal year in the fiscal year variant can therefore begin with period 001.
Example
If you define a fiscal year with twelve period, this can contain a shortened fiscal year with nine periods (from 001 to 009). The rest of the calendar year then forms the first three periods of the new fiscal year (periods 001 to 003).
Note
Define your shortened fiscal year and the subsequent normal fiscal years under the same fiscal year variant. Note that it should normally be possible to post back to past fiscal years.
If you are still posting to the shortened fiscal year or years before this, or if you take over legacy data from this time, you must retain the year-specific fiscal year variant. You cannot define the fiscal year variant as non-year specific until the shortened fiscal year has been closed from an accounting point of view, and no more correction postings can be expected.
When you change the fiscal year variant from year-specific to non-year specific, the year-specific definitions are deleted.
Standard settings
In the standard system, SAP provides the following two variants for shortened fiscal year:
- R1: for a shortened fiscal year in Financial Accounting
- AM: for a shortened fiscal year if Asset Accounting is used.
Activities
- If you have to define a shortened fiscal year, decide how you want to go about defining it. Define your shortened fiscal year.
Business Attributes
| ASAP Roadmap ID | 203 | Establish Master Data |
| Mandatory / Optional | 1 | Mandatory activity |
| Critical / Non-Critical | 1 | Critical |
| Country-Dependency | A | Valid for all countries |
Maintenance Objects
| Maintenance object type | C | Customizing Object |
| Assigned objects | ||||||
|---|---|---|---|---|---|---|
| Customizing Object | Object Type | Transaction Code | Sub-object | Do not Summarize | Skip Subset Dialog Box | Description for multiple selections |
| VCV_T009 | C - View cluster | SM34 |
History
| Last changed by/on | SAP | 20021001 |
| SAP Release Created in | 1.0B |
