What is non-calendar fiscal year in SAP FI-AA - Asset Accounting?

SAP Term: non-calendar fiscal year

• Component: FI-AA

• Component Name: Asset Accounting

• Description: A fiscal year that does not correspond exactly to the calendar year.

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• Key Concepts: 
  A non-calendar fiscal year is a period of time used for accounting purposes that does not necessarily correspond to the calendar year. It is used in SAP FI-AA Asset Accounting to define the period of time in which assets are depreciated. This period can be different from the calendar year, and can be set up to match the company’s fiscal year. 
  
  How to use it: 
  In SAP FI-AA Asset Accounting, a non-calendar fiscal year is set up by entering the start and end dates of the fiscal year in the system. This will determine when depreciation will begin and end for each asset. The system will then calculate the depreciation amount for each asset based on this period. 
  
  Tips & Tricks: 
  When setting up a non-calendar fiscal year, it is important to ensure that all assets are depreciated within the same period. This will ensure that all assets are depreciated at the same rate and that there are no discrepancies in the depreciation amounts. 
  
  Related Information: 
  The non-calendar fiscal year is closely related to other SAP terms such as depreciation key, depreciation area, and asset class. It is important to understand how these terms interact with each other in order to properly set up a non-calendar fiscal year in SAP FI-AA Asset Accounting.