Start of Content Area

Function documentationDifferent Fiscal Year Start or End in FIAA Locate the document in its SAP Library structure

Use

The basic rule is that the fiscal year variant is set in the FI General Ledger at the company code level. It is possible, however, to set up a different fiscal year variant in Asset Accounting than the one used in the General Ledger. You make this setting in Customizing, either at the company code level or the chart of depreciation level. However, the start date and end date of the fiscal year variant you specify for Asset Accounting have to be the same as those for the fiscal year variant of the company code (refer to Different Fiscal Year for FI-AA ).

For various reasons, you might also need to have a fiscal year variant for certain depreciation areas that is completely different from the fiscal year variant of the company code. This means that not only is the distribution of the periods within the fiscal year different from that for the company code, but also the start and end of the fiscal year are different. For example, the company code might use a fiscal year variant that goes from April to March, whereas accounting at the group level or for tax reporting requires a fiscal year variant from January to December.

Features

To assist in such cases, there is a workaround solution that makes it possible to create reports using a totally different fiscal year cycle. Depreciation area 01, however, is excluded from this solution. It is not possible to create these kind of reports for depreciation area 01.

The workaround solution is described below using an example.

Example

For this example, assume that the fiscal year variant of the company code is defined from January 1 to December 31. The reporting requirements of another depreciation area, however, should be based on a fiscal year variant from April 1 to March 31 of the next year.

    1. Run the acquisitions list RAZUGA01. Report date: 12/31/YYYY. Posting date: 04/01/YYYY to 12/31/YYYY. Export the report to MS Excel.
    2. Run the acquisitions list RAZUGA01. Report date: 03/31/YYYY + 1. Export the report to MS Excel.
    3. Add the values of both reports together, using MS Excel.
    1. Post the retirement for the special depreciation area which needs the differing fiscal year. You have to create a special retirement transaction type for this posting. The transaction type should post only to this depreciation area. Set the asset value date of this special posting so that you also retire the portion of value adjustments that you want.
    2. Post the retirement using the normal retirement transaction type. You may also need a different asset value date, in order to represent the retirement from the point of view of the fiscal year variant that is valid for the company code.

To create a report on asset retirements, follow the procedure outlined above for acquisitions, but using the retirement list RAABGA01.

    1. Run the depreciation list RAHAFA01. Report date: 12/31/YYYY. Export the report to MS Excel.
    2. Run the depreciation list RAHAFA01. Report date: 03/31/YYYY. Export the report to MS Excel.
    3. Run the depreciation list RAHAFA01. Report date: 03/31/YYYY + 1. Export the report to MS Excel.
    4. Using MS Excel functions, subtract the second report from the first, and then add the third report (I - II + III).

This graphic is explained in the accompanying text

Procedure for Differing Fiscal Year

Note

Before you introduce this solution, you should first discuss with your consultant whether it is necessary and how it should be implemented.

 

 End of Content Area