Period Control for Half Year/Full Year Convention 

Contrary to SAP terminology, the expression half year/full year convention has an additional meaning in Korea. If an asset belongs to a company less than a half a year, then 6 months of depreciation is posted. If the asset belongs to a company more than 6 months, then 12 months of depreciation is posted.

Acquisition date

Retirement date

depreciation months

Feb. 10

Aug. 10

6

Feb. 10

Aug. 15

6

Feb. 10

Sept.1

12

Feb. 1

Aug. 1

6

Feb 1

Aug. 2

6

Feb 1

Sept. 1

12

Nov. 15

Jan. 5

Acquisition and retirement within different fiscal years; therefore, rule does not apply.

The period control ‘15’ was created for Korea. Assign this period control to the depreciation keys.