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SAP Fiscal Year Variant Configuration

The fiscal year is a time period used to prepare the financial statements inorganizations. 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 ineach fiscal year variant. !A" allows a ma#imum of $% posting periods in each fiscalyear. t consists of $& regular posting periods and ' special periods which can be usedfor audit or ta# ad(ustments to already closed periods. )ne fiscal year variant can beassigned to multiple company codes.

*owever when posting periods are defined there can be different scenarios+ based onwhich the periods need to be defined in !A",

Fiscal -ear of organization is same as alendar -ear )rganisation follows a /on0alendar Fiscal -ear

The document aims to provide details of the configurations re1uired to define the postingperiods 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.

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n the new entries screen a new fiscal year variant 6it has to be uni1ue7 has to bedefined+ details to be provided are the description and the indicator alendar -r needsto 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 ofperiods 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 $& postingperiods.

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 $st the periods of theyear which belong to the former or the coming fiscal year must get an annualdisplacement indicator 60$+ 9$7.

To start in the )B&3 initial screen as given below we would need to clic4 on /ew5ntries. n the new entries screen the details to be entered are Fiscal year variant+

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