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created by A M on Dec 24, 2012 3:50 PM, last modified by A M on Dec 24, 2012 5:09 PM
Dear All
Here I am going to create shortened fiscal year variant in SAP.
The period from which the financial records are maintained is called Fiscal Year and it is divided into posting period and
each posting period has a start date and finished date and when you post any document you must have to give a valid
open period to post the document.And you can also define for the year end closing.
Important Points:
A fiscal year can have maximum 12 posting periods and 4 special periods and in general purpose ledger you
can define up to 366 posting periods and defining fiscal year variant is mandatory part and you can have a
fiscal year variant for several company codes.
SPRO>IMG>Financial Accounting New>FA Global Settings(New) >Fiscal Year and Posting
Periods>Maintain Fiscal Year Variant (Maintain Shortened Fisc. Year)
To meet the requirement of business scenarios, we need to perform the following changes in SAP:
1. Creation of New Fiscal Year Variant, we need to copy a SAP provided Standard Variant, here we have
copied from R1 TO R2
2. New variant to be made year dependant. Year dependent status to be extended for required number of past
and future years to create the number of periods in terms of month
R2 is year Dependent, No of posting period is 12 and number of special period is 4
How to set Shortened Fiscal Year Variant
Version 1
Page 1 of 9 How to set Shortened Fiscal Year Variant | SCN
12-Jun-14 http://scn.sap.com/docs/DOC-34672

lic on periods
ome organi ations maintain records from pril to marc and some from anuary to December and
depending on re uirement some ma e in ot er ay ere mont column is calendar year, nglis year day
is number of days in t at mont , period is your financial posting period ere April is first month. fter
ma ing t is setting come bac
Page 2 of 9 How to set Shortened Fiscal Year Variant | SCN
12-Jun-14 http://scn.sap.com/docs/DOC-34672

lic on period te t
Clic on Shortened Fiscal Years.
. The new Fiscal Year Variant to be shortened on the basis of number of periods under consideration
Page 3 of 9 How to set Shortened Fiscal Year Variant | SCN
12-Jun-14 http://scn.sap.com/docs/DOC-34672

lic on bac button
elect t e ariant and clic on periods
No ere gi e t e year for ic you ill be going enter i e coming financial year
lic bac button
Page 4 of 9 How to set Shortened Fiscal Year Variant | SCN
12-Jun-14 http://scn.sap.com/docs/DOC-34672

lic on bac button
pecify number of posting period, ere its
. The Fiscal Year Variant to be assigned to all Co Codes involved(O )
Page 5 of 9 How to set Shortened Fiscal Year Variant | SCN
12-Jun-14 http://scn.sap.com/docs/DOC-34672


5. Change of Fiscal Year Variant in Controlling Area(OKKP)
6.
Page 6 of 9 How to set Shortened Fiscal Year Variant | SCN
12-Jun-14 http://scn.sap.com/docs/DOC-34672

7. Table TC to be viewed to chec whether the field XMPF(hortend Fiscal Year) has been activated ith
X if the field is found to be blank then we need to refer to SAP Note 16 and then execute progra
ZMPF that will activate XMPF C
S
Page 7 of 9 How to set Shortened Fiscal Year Variant | SCN
12-Jun-14 http://scn.sap.com/docs/DOC-34672


0



XMPF(hortened FYear) to be eans it is active now. lse e have to rn note 16
8) Recalculate Dereciation to e eecuted (AFA). This ill adjst the lanned depreciation according to the
nuer of eriods in the shortened fiscal ear.
9) After checing the recalculated depreciation epreciation rn (AFAB) and other closing actiities to be
performed as per normal rocedure.
RVA SAP OT
SAP ote 6 to be aplied for activation of field XMPF ( Shortened Fiscal Year ) in Tale TC. Some
of the related notes are 67 662 4 16 6 etc . AP Note 3 is a ver iortant
master note.
Rn OB and cop Ner ranges to Ne Year and then close FI and MM Period and open ne MM Period




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Page of 9 How to set Shortened Fiscal Year Variant | SCN
12-Jun-14 http://scn.sap.com/docs/DOC-34672
Follo C
ite nde Contact s SAP el Portal

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Page 9 of 9 How to set Shortened Fiscal Year Variant | SCN
12-Jun-14 http://scn.sap.com/docs/DOC-34672