Different Fiscal Year for FI-AA (SAP Library

Different Fiscal Year for FI-AA

Use

You can use a fiscal year version in Asset Accounting that is different from the fiscal year version used in Financial Accounting. However, it is absolutely necessary that the start and end date be the same in Financial Accounting and in the Asset Accounting subsidiary ledger. (However, refer also to Different Fiscal Year Start or End in FI-AA).

You might need a different fiscal year version in FI-AA in order for the system to correctly determine the start and end of depreciation using period control in Asset Accounting. The reason for this is that the calculation of depreciation works only with whole periods. For example, you have an acquisition on June 30 and the system is to calculate depreciation for half a year. However, the FI general ledger is using a version with 13 normal periods. Depreciation would have to be calculated for 6.5 periods. This calendar assignment cannot be defined in period control for Asset Accounting.

Features

If you want to use a different fiscal year version in Asset Accounting, you have the following options:

You can define a different fiscal year version at the level of the company code. Specify the fiscal year version in the FI-AA definition of the company code (FI-AA Customizing: Valuation ® Fiscal Year Versions).

You can also specify a different fiscal year at a lower level, at the level of the depreciation area. Enter the fiscal year version in the FI-AA definition of the depreciation area. This might be necessary if you use a factory calendar for book depreciation that does not correspond to the normal calendar, but use a normal calendar for the tax balance sheet.

The system determines the fiscal year version it should use from the bottom up. If there is a fiscal year version specified at the depreciation area level, the system uses it. If not, the system uses the fiscal year version in the FI-AA definition of the company code. If there is no fiscal year version specified there either, the system uses the version entered for the general ledger.

Note that the fiscal year version itself can only be defined in FI Customizing (Financial Accounting Global Settings).

Caution

When you use a different fiscal year version for Asset Accounting, consider the problems related to the depreciation posting period (see System Settings for Posting Depreciation).