| asset fiscal year change (FI-AA) |
The exact time at the beginning of a new fiscal year at which transactions for that year should start being processed.
The prior fiscal year does not already have to be closed. You can still post in the prior fiscal year.
To open the new fiscal year, you run the asset fiscal year change program, which opens a new fiscal year for Asset Accounting. The running of the program updates the cumulative value fields for assets, and opens new value fields for the current fiscal year.