Finance & Controlling
What is Fiscal Year Variant?
Configuration defining the number of posting periods and special periods in a fiscal year and how calendar dates map to them.
Common variants are K4 (calendar year, 12 periods plus 4 special periods) or variants for shifted fiscal years. The variant is assigned to company codes and ledgers. Year-end and period-end test cases depend on it.
Related transaction codes
Related terms
Posting Period
A period of the fiscal year in which postings are allowed, opened and closed through the posting period variant.
Company Code
The smallest SAP organizational unit for which a complete, self-contained set of financial accounts is drawn up.
Period-End Close
The set of tasks run at month, quarter, or year end to finalize accounting periods and produce reliable financial statements.
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