Answer / veda

hi
Year dependent fiscal year only specifies a fiscal year
only for a particular calender year. to maintain a fiscal
year as a year dependent you have to specify it during the
fiscal year variant. for every fiscal year change you have
to specify the month and day limits for the next fiscal
year. example shortened fiscal year. you have to define the
peiods.
year independent - in this case you dont have to define the
next fiscal years periods each time the fisal year is
completed.

Thanks

Answer / guest

Hi,
In IMG go to financial accounting global setting then go to
fiscal year variant and set the fiscal year variant on year
dependent year and follow the following procedure:

1. enter name of month started from may and end on april
2. enter the number of days in a month you want to close
for example in may number of days is 28 instead of 31
3. enter period from 01 to 12 started from may to april
4. enter -1 against the month from jan to april

For Example :

Month Number of Days Period Year Shift
May08 28 01 0
June 35 02 0
July 28 03 0
Aug 28 04 0
Sep 35 05 0
Oct 28 06 0
Nov 28 07 0
Dec 35 08 0
Jan09 28 09 -1
Feb 28 10 -1
Mar 35 11 -1
Apr 31 12 -1

Year Independent: the financial year is different from
calendar year Starting from 1st April to 31st March (where
the posting period months are not equal to calendar year months)

For Example :

Month Number of Days Period Year Shift
Jan09 31 10 -1
Feb 29 11 -1
Mar 31 12 -1
April08 30 01 0
May 31 02 0
Jun 30 03 0
July 31 04 0
Aug 30 05 0
Sep 31 06 0
Oct 30 07 0
Nov 31 08 0
Dec 30 09 0

Hope this would definitely help you out.
Thank you.

Answer / official.wrk

can you guys clarify why we use -1 for jan09 and 0 for
apr08 in year shift whereas the logical conclusion from the
definition of year shift should be +1 for jan09 and 0 for
apr08

Answer / venu

If the fiscal year is later than the calendar year, +1.
If the fiscal year is before calendar year, -1.

Answer / shri kanth kr.

dependent fiscal year represents april to march or from
september to august.generally two years are involved in
dependent fiscal year.

for eg:april 2008 to march 2009

september 2008 to august 2009.

default is dependent fiscal year in sap.

INDEPENDENT fiscal year is usually from JAN - DEC.generally
one year is involved in this type.ITS ALSO CALLED CALENDAR
FISCAL YEAR.

there is one more fiscal year which is shortend fiscal year.
its usually for less then 12months.this fiscal is used for
a newly formed company..

Answer / mohan

If we define a Fiscal year as a year dependent, it specifies it for that particular year. The period and end dates need to define manually every year.
To maintain a Fiscal year as year dependent you need to specify it during the Fiscal Year Variant.

Answer / pulak

year independent fiscal yr means it may be a calender yr or non-calender yr but a period of 12 months.companies generally follw this.

year dependent fiscal yr means its a period of less than 12 months.this generally occurs when a company change its fiscal yr from calender yr to non-calender yr or when a company is becoming a part of another company.this type of fiscal yr is less in practice.

Answer / prreddy

Dependent fiscal year means the fiscal year follows as per the calender year (from Jan to Dec)
Independent fiscal year means the fiscal year is different from calender year starting from April to March

Answer / mreddy.

Dependent Fiscal Year: The start date and end date of the Fiscal year will be same from one year to another year.
Ex:1st Apr 2014 to 31st Mar 2015 and 1st Apr 2015 to 31st Mar 2016.

Independent Fiscal Year: The start date and end date of the Fiscal year will be different from one year to another year.
Ex:Last working day of the month can be the financial year closing year.

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