Change Fiscal Year in Asset Accounting

Run The fiscal year change program which would open new annual value fields for each asset. i e next year

  • The earliest you can start this program is in the last posting period of the current year.
  • You have to run the fiscal year change program for your whole company code.
  • You can only process a fiscal year change in a subsequent year if the previous year has already been closed for business.

Take care not to confuse the fiscal year change program with year-end closing for accounting purposes. This fiscal year change is needed only in Asset Accounting for various technical reasons.