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RE:[sap-acct] Two Shortened FY in Asset Accounting

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Reply from venkataRanadheer on Feb 24 at 6:15 PM
Hi Jack,

We can create 2 Short End fiscal year variant in T-code Ob29.In AA we have a option for defining shoretend fiscal year

SPRO->ASSET ACCOUNTING->VALUATION->FISCAL YEAR->SHORTENED FISCAL YEAR->
DEFINE REDUCTION RULES FOR SHORTENED FISCAL YEAR.

---------------Original Message---------------
From: jtmcgarry
Sent: Wednesday, February 24, 2016 8:53 AM
Subject: Two Shortened FY in Asset Accounting

We are in a position where, due to an acquisition and IRS regulations, we will need to have 2 shortened FY in AA for the TAX depreciation areas. Our current FY runs from March - April, 2016. Without getting into the details, we are going to need a short FY from April - June. And then another short FY from July-December. After that, our FY will be Jan-Dec.

Has anyone set up 2 short FY like this?
Is it even possible in SAP AA?
If so, what steps are involved?

Thank you,
Jack

 
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