How do you change fiscal year in Asset Accounting in SAP FICO?

Run The fiscal year change program which would open new annual value fields for each asset. i e next year Ÿ The earliest you can start this program is in the last posting period of the current year. Ÿ You have to run the fiscal year change program for your whole company code. Ÿ 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.