8. Dependent fiscal year & independent fiscal year
Answer Posted / 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.
Is This Answer Correct ? | 0 Yes | 4 No |
Post New Answer View All Answers
Hi, Need a interview question and answer for different company's please revert me soon Yash
How skf works. Kindly give me t codes also?
How many normal and special periods will be there in fiscal year, why do you use special periods?
What is direct activity allocation? : co- cost center accounting
What is the new fi-gl in fi in ecc? : fi- general ledger accounting
What are the important organizational units in fi?
Explain the relationship between company code and controlling area?
What is dual control in master records? : fi- accounts receivable
What are “reason codes” used for in the accounts receivable module and what are the factors to be considered in their configuration?
Why do you need asset classes? : fi- asset accounting
What is the configuration setting to be done for posting the accrual in the actual costing run?
What is a po history? : fi- accounts payable
What is the importance of asset classes? What asset classes are there?
What is a year dependent fiscal year variant ?
How do you create an asset accounting company code? : fi- asset accounting