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[sap-acct] Two Shortened FY in Asset Accounting

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Question from jtmcgarry on Feb 24 at 8:52 AM
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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