This documentation covers the introduction about shortened Fiscal Year in SAP FICO module.Shortened Fiscal Year DefinitionFiscal year that contains less than twelve months.A shortened fiscal year could be necessary in the following cases, for example:Establishment of a companyChangeover from a calendar year to a non-calendar fiscal year, or vice versa.Shortened Fiscal Year UseWhen you define a shortened fiscal year, you have to make the following specifications:A shortened fiscal year must always be defined as year-dependent, since it can only apply to a specific year and must be followed by a complete fiscal year.You define a shortened fiscal year and the following or previous complete fiscal year in one fiscal year variant.You define a shortened fiscal year in Customizing for Financial Accounting as follows: Financial Accounting Global Settings ® Fiscal Year ® Maintain Fiscal Year Variant (Maintain Shortened Fiscal Year)Shortened Fiscal Year IntegrationThe options available for defining a shortened fiscal year depend on whether you are using Financial Accounting with or without Asset Accounting.If you are using Financial Accounting without Asset Accounting, each fiscal year can start with any period.If you use Financial Accounting with Asset Accounting, each fiscal year must start with period 001, so that the depreciation can be calculated correctly.TRAINING NOTES & TIPSWe can archive & load the historical financial accounting module data. Archiving old & currently not in use data helps to save the storage & increase the program performance. We cannot archive all FI data like which contains open items; archivable data should meet certain parameters. The archived data can be accessed & reloaded in future. Some of the archivable SAP FI data areAccounting documentsPayment requestsCustomer master dataVendor master dataBank master dataPayment program in SAP financial accounting module is used to do the international payment transfers. This helps to make the transactions with vendors & customers easily & by following all country specific rules. The FI subcomponents which are mainly using the payment program areAccounts ReceivableAccounts PayableTreasuryBank AccountingEach data posting in Financial Accounting is known as a document.