Shortened Fiscal Year
Fiscal year that contains less than twelve months.
A shortened fiscal year could be necessary in the following cases, for example:
When you define a shortened fiscal year, you have to make the following specifications:
You define a shortened fiscal year in Customizing for Financial Accounting as follows: Financial Accounting Global Settings ® Fiscal Year ®Maintain Fiscal Year Variant (Maintain Shortened Fiscal Year)
The options available for defining a shortened fiscal year depend on whether you are using Financial Accounting with or without Asset Accounting.
For more information, see the Asset Accounting documentation underShortened Fiscal Years