Title 2. Comapany code global parameters.pdf ✅

Financial accounting global settings 1. Maintain fiscal year variant A Fiscal Year Variant (FYV) in SAP FICO defines the financial year structure, including periods and special periods, used for financial reporting and posting transactions. It determines how SAP divides the fiscal year into posting periods. Key Features of Fiscal Year Variant 1. Number of Posting Periods • A fiscal year can have 12 normal periods (monthly) or fewer (e.g., quarterly). • SAP also allows 4 special periods for year-end adjustments. 2. Types of Fiscal Year Variants • Calendar Year Variant: The fiscal year follows the calendar year (January–December). Example: K4 (Standard SAP Variant). • Non-Calendar Year Variant: The fiscal year differs from the calendar year, e.g., April–March (used in India), July–June, etc. Example: V3 (April–March). • Shortened Fiscal Year: Used when a company changes its fiscal year, leading to a temporary fiscal year with fewer periods. Tcode:OB29 Path: Execute. Click on new entries.
Select and double click on Periods. Select new entries. Enter and save. Two time back then select fiscal year variant and double click on Period texts. Select new entries.

2. Assign company code to fiscal year variant. When we assign fiscal year variant to company code then our company’s financial year will be 1 st April to 31st March. Tcode:OB37 Path: Click on new entries. Save it.