Hierarchy
EA-FIN (Software Component) EA-FIN⤷
RE-FX (Application Component) Flexible Real Estate Management⤷
RE_CA_CU (Package) RE: Customizing (IMG) and Area Menu
IMG Activity
| ID | REFXVC_TIVCDFIXPER | Define Fixed Periods (For Example, Quarter Days) |
| Transaction Code | S_SLN_44000007 | (empty) |
| Created on | 20040414 | |
| Customizing Attributes | REFXVC_TIVCDFIXPER | Define Fixed Periods (For Example, Quarter Days) |
| Customizing Activity | REFXVC_TIVCDFIXPER | Define Fixed Periods (For Example, Quarter Days) |
Document
| Document Class | SIMG | Hypertext: Object Class - Class to which a document belongs. |
| Document Name | REFXVC_TIVCDFIXPER |
Use
Here you can specify that an annual rent is divided into equal portions, although the periods themselves are of unequal length. This procedure is standard in certain countries (for example, the use of quarter days in the United Kingdom).
If you do not define any Fixed Periods here, then this field does not appear when you process the frequency term in the rental object or contract master data. In this way, you can avoid incorrect entries in this field.
Requirements
Standard settings
Activities
If you need fixed periods, then proceed as follows to define these periods:
- First enter the name you want to use for the fixed periods in the Fixed Periods table. (This name is used as a reference in the contract or rental object.)
- Select an entry in the table and choose Periods of Fixed Period in the dialog structure.
- In the table that appears, you need an entry for each period into which the year is divided up. For each period, you specify the following:
- The number of the periods (each entry has to be numbered sequentially starting with 1)
- The day and the month on which the (next) period begins. (The first period in the table is, in this sense, the next period for the last period in the table.)
- Specify one period that is used for recording any rounding differences.
Example
The following documentation describes the functions of fixed periods and contains a sample calculation.
Fixed Periods
In Customizing you can specify how a calendar year can be split into periods for calculating the cash flow. Each possible split into periods is given a key. In the frequency term of the contract or rental object you can then refer to this key and specify that the annual amount should be split into equal partial amounts for these periods (which can have varying lengths).
Example:
The following periods are specified for the key Fixed Periods: QUARTER_UK (quarter days): No. Day Month Rounding Difference 1 25 3 x 2 24 6 3 29 9 4 25 12
These periods are used as a basis for generating the cash flow. The annual amount is divided by the number of periods and the same amount is calculated for each (full) period. Rounding differences are added to the correspondingly flagged period (exactly one), for example the first period.
For example, if an amount of 12000 EUR is agreed as the condition amount per year, this would result in a period amount of 3000 Euro in our example. The following cash flow is generated: .... Calc. from Calc. to Amount ... 12/25/2002 03/24/2003 3000 03/25/2003 06/23/2003 3000 06/24/2003 09/28/2003 3000 09/28/2003 12/24/2003 3000 ...
If fixed periods are used, the following applies:
- The same amount is paid in each full period.
- The amount is calculated by dividing the annual condition amount by the number of periods defined in Customizing.
- Exactly one period can be flagged in Customizing to which any rounding differences are added. If no period has been flagged, the rounding differences are not taken into account. The total of all the amounts from each period may be slightly higher or lower than the annual condition amount.
- The due date(*) is calculated on the basis of the total period. If periods are split, the due date remains the same
Example:
Total period: 12/25/2003 through 03/24/2004 and in advance => Due date 12/25/2003
Split on 02/01/2004 due to increased condition amount:
12/25/2003 through 01/31/2004 => Due date 12/25/2003
02/01/2004 through 03/24/2004 => Due date 12/25/2003
Possible calculation methods for the pro rata calculation of amounts are period-specific and by year.
With a period-specific calculation, the period amount is divided by the number of days in the period and multiplied by the number of days in the partial period. For the calculation by year, the calculation of the partial period is based on the annual amount. This is divided by 365 (or 366 in a leap year) and multiplied by the number of days in the period. If the partial periods are not completely in a leap year, two partial amounts are calculated:
Example
Calculation method by year. On 12/28 the annual condition amount was increased from 12000 EUR to 13000 EUR:
Period (X): 12/25/2003 through 12/27/2003 => 12000 / 365 * 3 = 98.63
Period (X+1): 12/28/2003 through 03/24/2004
This period (X+1) is split internally for the pro rata calculation:
12/28/2003 through 12/31/2003 => 13000 / 365 * 4 = 142.4657...
01/01/2004 through 03/24/2004 => 13000 / 366 * (31 + 29 + 24 ) = 2983.6065...
The total for period (X+1) is 3126.07.
- If a date is entered in the user-selected start field, the rounding difference will be added to the period which is set in Customizing as relative to this date.
Example
In Customizing, period 1 (12/25 through 03/24) is flagged as the Period for Rounding Differences. The start of the period is set as 04/01/2000. The rounding difference will be added to the period containing 04/01. In 2003 this would be the period 03/25/2003 through 06/23/2003
(*) The due date is determined in accordance with the payment form and the due date correction rule. The due date correction rule specifies how the date determined from the payment form (in advance, mid-period, in arrears) is moved. In addition you can specify whether or not the due dates should be moved at the start or end of a contract or rental object to the start or end.
Business Attributes
| ASAP Roadmap ID | 204 | Establish Functions and Processes |
| Mandatory / Optional | 2 | Optional activity |
| Critical / Non-Critical | 1 | Critical |
| Country-Dependency | A | Valid for all countries |
Assigned Application Components
| Documentation Object Class | Documentation Object Name | Current line number | Application Component | Application Component Name |
|---|---|---|---|---|
| SIMG | REFXVC_TIVCDFIXPER | 0 | ALN0000031 | Flexible Real Estate Management |
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 |
| VC_TIVCDFIXPER | C - View cluster | SM34 |
History
| Last changed by/on | SAP | 20040503 |
| SAP Release Created in | 500 |
