In this step, you define financial years.
A financial year is a period of time on the basis of which budget structure elements can be selected, displayed or edited.
You define a financial year by giving it a name and assigning it a user-definable period.
Always try to assign appropriate names which link the financial year to the calendar year in question.
To define a financial year, proceed as follows:
When you carry one financial year forward to the next financial year, please remember that there must be no time gaps between the validity periods of these two financial years.