Fiscal
year settings (OB29)
Fiscal year is
nothing but period – normally made up to 12 month for which company draw up
their financial statements and values their inventory. There is no any
condition regarding the fiscal year is a calendar year or non-calendar year and
also the fiscal year is need not necessarily to contain 12 month (periods), in
case if the fiscal year is less than 12 periods then its called shortened
fiscal year.
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