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SAP Fiscal Year Variant Configuration

The document discusses configurations for defining fiscal year variants and posting periods in SAP. It provides details for two scenarios: 1) when an organization's fiscal year is the same as the calendar year, and 2) when an organization uses a non-calendar fiscal year. For a calendar fiscal year, the variant is defined as calendar dependent with 12 regular periods. For a non-calendar year, periods are defined by assigning end dates, which can include an annual displacement indicator for periods in a different fiscal year.

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491 views3 pages

SAP Fiscal Year Variant Configuration

The document discusses configurations for defining fiscal year variants and posting periods in SAP. It provides details for two scenarios: 1) when an organization's fiscal year is the same as the calendar year, and 2) when an organization uses a non-calendar fiscal year. For a calendar fiscal year, the variant is defined as calendar dependent with 12 regular periods. For a non-calendar year, periods are defined by assigning end dates, which can include an annual displacement indicator for periods in a different fiscal year.

Uploaded by

ramakrishna099
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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SAP Fiscal Year Variant Configuration

The fiscal year is a time period used to prepare the financial statements in organizations. Based on the business needs some organizations have fiscal years which start from Jan to Dec and some Apr to Mar etc. Fiscal year can be further divided into shorter time frames which can be months which are referred to as periods. n !A" the fiscal year is assigned as a variant. "osting periods can further be defined in each fiscal year variant. !A" allows a ma#imum of $% posting periods in each fiscal year. t consists of $& regular posting periods and ' special periods which can be used for audit or ta# ad(ustments to already closed periods. )ne fiscal year variant can be assigned to multiple company codes. *owever when posting periods are defined there can be different scenarios+ based on which the periods need to be defined in !A",

Fiscal -ear of organization is same as .alendar -ear )rganisation follows a /on0.alendar Fiscal -ear

The document aims to provide details of the configurations re1uired to define the posting periods for the above scenarios. Solutions The configurations for the fiscal year and corresponding period details can be done in !"2) settings as per details given below,

"ath, Financial Accounting >> Financial Accounting Global settings >> Fiscal Year >> maintain Fiscal year variant (maintain shortened fiscal year) Transaction .ode, OB2

Scenario !" Fiscal Year of organi#ation is same as $alendar Year n the )B&3 initial screen as given below we would need to clic4 on /ew 5ntries.

n the new entries screen a new fiscal year variant 6it has to be uni1ue7 has to be defined+ details to be provided are the description and the indicator .alendar -r needs to be chec4ed. The changes have to be saved.

n the above e#ample+ each fiscal year of a fiscal year variant uses the same number of periods and the posting periods always start and end at the same day of the year. As in the above e#ample the fiscal year is calendar year dependent so it will be $& posting periods.

Scenario 2" Organisation follo%s a &on'$alendar Fiscal Year 8hen organization follows a /on calendar year fiscal year+ the posting periods need to be defined by assigning ending dates to each period. t can have between $ to $% posting periods. f the non0calendar year does not start at January $st the periods of the year which belong to the former or the coming fiscal year must get an annual displacement indicator 60$+ 9$7. To start in the )B&3 initial screen as given below we would need to clic4 on /ew 5ntries. n the new entries screen the details to be entered are Fiscal year variant+

description and the no. of posting periods and special posting periods. The changes need to be saved.

:ser would then need to go bac4 to the main screen of )B&3+ and select the new fiscal year defined earlier and double clic4 on "eriods and enter the details as given below.8hile defining the periods in the e#ample below assumption is organization uses Apr to Mar posting periods. The configuration needs to be to cater to the fact that the months which fall in the ne#t 6Jan to Mar7 needs to have a year shift indicator 0$ maintained as given below. Another point to note is the day limit for February should be 29 to be prepared for leap years.

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