Thank for your timely reply. am learning FI . if this qustion wrong correct me. I need to change fiscal year 2007 to 2008 in OMSY . kindly clarify whether the system automatically change after completion of 12 periods or not ?because I have closed 12 periods.
In Fi OB52 is the T Code for period Closing and Opening.
you can change the periods as per your requirement. in OB52 From period and To period and F Y
right now your r in last period of the FY(12 - 12 -Year) you want to change the period just changes
( 1 -1 - new FY)