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Change Fiscal Year variant V3 to K4 effective on 1 Jan 2016

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HI all, we have have been acquired by a company and we need to change from V3 (Apr - Mar) to K4 (Jan Dec). We have only 2 months to prepare and setup. We have FI (GL/AP/AR/AA) CO(PCA/CCA/IO/Product Cost) SD MM WM PP, and 2 Operating Concern, 8 controlling areas, 43 company code. Can anyone share can we do it ? and what kind of configuration and steps to change from V3 to K4 in fiscal year variant. Do we need to shorten fiscal year ? or Alternative solution can it be delay to Mar 2016 to switch over the fiscal year ?

Thanks a lot


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