diff --git a/src/common/components/DownloadAllocationWorksheetModal/DownloadAllocationWorksheetModal.test.js b/src/common/components/DownloadAllocationWorksheetModal/DownloadAllocationWorksheetModal.test.js
new file mode 100644
index 00000000..0c6a6d28
--- /dev/null
+++ b/src/common/components/DownloadAllocationWorksheetModal/DownloadAllocationWorksheetModal.test.js
@@ -0,0 +1,103 @@
+import {
+  QueryClient,
+  QueryClientProvider,
+} from 'react-query';
+
+import {
+  render,
+  screen,
+  waitFor,
+} from '@folio/jest-config-stripes/testing-library/react';
+import userEvent from '@folio/jest-config-stripes/testing-library/user-event';
+import { exportToCsv } from '@folio/stripes/components';
+import { useOkapiKy } from '@folio/stripes/core';
+import { useShowCallout } from '@folio/stripes-acq-components';
+
+import { fetchFinanceData } from '../../utils';
+import { DownloadAllocationWorksheetModal } from './DownloadAllocationWorksheetModal';
+import { useWorksheetFiscalYears } from './useWorksheetFiscalYears';
+
+jest.mock('@folio/stripes/components', () => ({
+  ...jest.requireActual('@folio/stripes/components'),
+  exportToCsv: jest.fn(),
+}));
+jest.mock('@folio/stripes-acq-components', () => ({
+  ...jest.requireActual('@folio/stripes-acq-components'),
+  useShowCallout: jest.fn(),
+}));
+jest.mock('../../utils', () => ({
+  fetchFinanceData: jest.fn(),
+}));
+jest.mock('./useWorksheetFiscalYears', () => ({
+  useWorksheetFiscalYears: jest.fn(),
+}));
+
+const queryClient = new QueryClient();
+const renderComponent = (props) => render(
+  <QueryClientProvider client={queryClient}>
+    <DownloadAllocationWorksheetModal {...props} />
+  </QueryClientProvider>,
+);
+
+const fiscalYears = [{ id: 'fy1', code: 'FY2021' }];
+
+describe('DownloadAllocationWorksheetModal', () => {
+  const toggleMock = jest.fn();
+  const showCalloutMock = jest.fn();
+  const kyMock = { get: jest.fn() };
+
+  beforeEach(() => {
+    fetchFinanceData.mockReturnValue(() => ({ fyFinanceData: [{ fiscalYearId: 'fy1' }] }));
+    useOkapiKy.mockReturnValue(kyMock);
+    useShowCallout.mockReturnValue(showCalloutMock);
+    useWorksheetFiscalYears
+      .mockImplementationOnce((_, options) => {
+        options?.onSuccess?.({ fiscalYears });
+
+        return { isFetching: false, fiscalYears };
+      })
+      .mockReturnValue({ isFetching: false, fiscalYears });
+  });
+
+  afterEach(() => {
+    jest.clearAllMocks();
+  });
+
+  it('should render modal with fiscal year selection', () => {
+    renderComponent({ open: true, toggle: toggleMock });
+
+    expect(screen.getByText('ui-finance.selectFiscalYear')).toBeInTheDocument();
+    expect(screen.getByText('ui-finance.fiscalyear')).toBeInTheDocument();
+    expect(screen.getByText('stripes-core.button.confirm')).toBeInTheDocument();
+  });
+
+  it('should call toggle on cancel', async () => {
+    renderComponent({ open: true, toggle: toggleMock });
+
+    await userEvent.click(screen.getByRole('button', { name: 'stripes-components.cancel' }));
+
+    expect(toggleMock).toHaveBeenCalled();
+  });
+
+  it('should enable confirm button when fiscal year is selected', () => {
+    renderComponent({ open: true, toggle: toggleMock });
+
+    expect(screen.getByText('stripes-core.button.confirm')).not.toBeDisabled();
+  });
+
+  it('should call showCallout and toggle on successful confirm', async () => {
+    kyMock.get.mockResolvedValue({
+      json: jest.fn().mockResolvedValue({ fyFinanceData: [] }),
+    });
+
+    renderComponent({ open: true, toggle: toggleMock });
+
+    await userEvent.click(screen.getByRole('button', { name: 'stripes-core.button.confirm' }));
+
+    await waitFor(() => {
+      expect(exportToCsv).toHaveBeenCalled();
+      expect(showCalloutMock).toHaveBeenCalledWith({ messageId: 'ui-finance.allocation.worksheet.download.start' });
+      expect(toggleMock).toHaveBeenCalled();
+    });
+  });
+});
diff --git a/src/common/hooks/useGroupUpcomingFiscalYears/useGroupUpcomingFiscalYears.test.js b/src/common/hooks/useGroupUpcomingFiscalYears/useGroupUpcomingFiscalYears.test.js
new file mode 100644
index 00000000..91d4564d
--- /dev/null
+++ b/src/common/hooks/useGroupUpcomingFiscalYears/useGroupUpcomingFiscalYears.test.js
@@ -0,0 +1,67 @@
+import {
+  QueryClient,
+  QueryClientProvider,
+} from 'react-query';
+
+import {
+  renderHook,
+  waitFor,
+} from '@folio/jest-config-stripes/testing-library/react';
+import { useOkapiKy } from '@folio/stripes/core';
+
+import {
+  getGroupLedgers,
+  getLedgersCurrentFiscalYears,
+} from '../../../Groups/GroupDetails/utils';
+import { FISCAL_YEARS_API } from '../../const';
+import { useGroupUpcomingFiscalYears } from './useGroupUpcomingFiscalYears';
+
+jest.mock('../../../Groups/GroupDetails/utils', () => ({
+  getGroupLedgers: jest.fn(),
+  getLedgersCurrentFiscalYears: jest.fn(),
+}));
+
+const queryClient = new QueryClient();
+const wrapper = ({ children }) => (
+  <QueryClientProvider client={queryClient}>
+    {children}
+  </QueryClientProvider>
+);
+
+describe('useGroupUpcomingFiscalYears', () => {
+  const kyMock = {
+    get: jest.fn(() => ({
+      json: jest.fn().mockResolvedValue({ fiscalYears: [], totalRecords: 0 }),
+    })),
+    extend: jest.fn(() => kyMock),
+  };
+
+  beforeEach(() => {
+    useOkapiKy.mockReturnValue(kyMock);
+    getGroupLedgers.mockReturnValue(() => Promise.resolve({ ledgers: [{ id: 'ledger1' }] }));
+    getLedgersCurrentFiscalYears.mockReturnValue(() => Promise.resolve([{ series: 'FY', periodStart: '2022-01-01' }]));
+  });
+
+  afterEach(() => {
+    jest.clearAllMocks();
+  });
+
+  it('should return default data when groupId is not provided', async () => {
+    const { result } = renderHook(() => useGroupUpcomingFiscalYears(), { wrapper });
+
+    await waitFor(() => expect(result.current.isLoading).toBe(false));
+
+    expect(result.current.fiscalYears).toEqual([]);
+    expect(result.current.totalRecords).toBeUndefined();
+  });
+
+  it('should fetch and return fiscal years data', async () => {
+    const { result } = renderHook(() => useGroupUpcomingFiscalYears('groupId'), { wrapper });
+
+    await waitFor(() => expect(result.current.isLoading).toBe(false));
+
+    expect(result.current.fiscalYears).toEqual([]);
+    expect(result.current.totalRecords).toBe(0);
+    expect(kyMock.get).toHaveBeenCalledWith(FISCAL_YEARS_API, expect.any(Object));
+  });
+});
diff --git a/src/common/hooks/useLedgerUpcomingFiscalYears/useLedgerUpcomingFiscalYears.test.js b/src/common/hooks/useLedgerUpcomingFiscalYears/useLedgerUpcomingFiscalYears.test.js
new file mode 100644
index 00000000..0ecdc9bf
--- /dev/null
+++ b/src/common/hooks/useLedgerUpcomingFiscalYears/useLedgerUpcomingFiscalYears.test.js
@@ -0,0 +1,63 @@
+import {
+  QueryClient,
+  QueryClientProvider,
+} from 'react-query';
+
+import {
+  renderHook,
+  waitFor,
+} from '@folio/jest-config-stripes/testing-library/react';
+import { useOkapiKy } from '@folio/stripes/core';
+
+import { FISCAL_YEARS_API } from '../../const';
+import { useLedgerCurrentFiscalYear } from '../useLedgerCurrentFiscalYear';
+import { useLedgerUpcomingFiscalYears } from './useLedgerUpcomingFiscalYears';
+
+jest.mock('../useLedgerCurrentFiscalYear', () => ({
+  useLedgerCurrentFiscalYear: jest.fn(),
+}));
+
+const currentFiscalYear = {
+  id: 'fiscal-year-id',
+  series: 'FY',
+  periodStart: '2023-10-05T00:00:00Z',
+};
+const fiscalYears = [{ id: 'fy1' }, { id: 'fy2' }];
+
+const kyMock = {
+  get: jest.fn(() => ({
+    json: () => Promise.resolve({ fiscalYears }),
+  })),
+};
+
+const queryClient = new QueryClient();
+const wrapper = ({ children }) => (
+  <QueryClientProvider client={queryClient}>
+    {children}
+  </QueryClientProvider>
+);
+
+describe('useLedgerUpcomingFiscalYears', () => {
+  beforeEach(() => {
+    useLedgerCurrentFiscalYear.mockReturnValue({ currentFiscalYear });
+    useOkapiKy.mockReturnValue(kyMock);
+  });
+
+  afterEach(() => {
+    jest.clearAllMocks();
+  });
+
+  it('should fetch fiscal years for the ledger', async () => {
+    const { result } = renderHook(() => useLedgerUpcomingFiscalYears('ledgerId'), { wrapper });
+
+    await waitFor(() => expect(result.current.isLoading).toBeFalsy());
+
+    expect(kyMock.get).toHaveBeenCalledWith(FISCAL_YEARS_API, {
+      searchParams: expect.objectContaining({
+        query: `series==${currentFiscalYear.series} and periodStart >= ${currentFiscalYear.periodStart} sortby periodStart/sort.descending series/sort.ascending`,
+      }),
+      signal: expect.any(AbortSignal),
+    });
+    expect(result.current.fiscalYears).toEqual(fiscalYears);
+  });
+});
diff --git a/src/common/utils/fetchFinanceData.test.js b/src/common/utils/fetchFinanceData.test.js
new file mode 100644
index 00000000..f6fdce55
--- /dev/null
+++ b/src/common/utils/fetchFinanceData.test.js
@@ -0,0 +1,19 @@
+import { FINANCE_DATA_API } from '../const';
+import { fetchFinanceData } from './fetchFinanceData';
+
+const httpClient = {
+  get: jest.fn(() => ({
+    json: jest.fn(() => Promise.resolve({})),
+  })),
+};
+
+describe('fetchFinanceData', () => {
+  it('should fetch finance data by specific query', async () => {
+    const fetcher = fetchFinanceData(httpClient);
+    const options = { query: 'financeDataQuery' };
+
+    await fetcher(options);
+
+    expect(httpClient.get).toHaveBeenCalledWith(FINANCE_DATA_API, options);
+  });
+});