ALLInterview.com :: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Google
   
 
Categories >> Software >> ERP CRM >> SAP >> FI CO
 
 


 

 
 Basis interview questions  Basis Interview Questions (808)
 ABAP interview questions  ABAP Interview Questions (2421)
 SAPScript interview questions  SAPScript Interview Questions (127)
 SD interview questions  SD Interview Questions (1934)
 MM interview questions  MM Interview Questions (348)
 QM interview questions  QM Interview Questions (8)
 PP interview questions  PP Interview Questions (133)
 PM interview questions  PM Interview Questions (21)
 PS interview questions  PS Interview Questions (20)
 FI CO interview questions  FI CO Interview Questions (1638)
 HR interview questions  HR Interview Questions (434)
 SAP CRM interview questions  SAP CRM Interview Questions (261)
 SRM interview questions  SRM Interview Questions (11)
 APO interview questions  APO Interview Questions (16)
 Business Warehouse interview questions  Business Warehouse Interview Questions (621)
 Business Workflow interview questions  Business Workflow Interview Questions (9)
 SAP Security interview questions  SAP Security Interview Questions (329)
 SAP Interfaces interview questions  SAP Interfaces Interview Questions (4)
 Netweaver interview questions  Netweaver Interview Questions (144)
 SAP ALE IDocs interview questions  SAP ALE IDocs Interview Questions (47)
 SAP B1 interview questions  SAP B1 Interview Questions (57)
 SAP AllOther interview questions  SAP AllOther Interview Questions (89)
Question
what is difference between posting period and fiscal year
variant?
 Question Submitted By :: Sujji85
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is difference between posting period and fiscal year variant?
Answer
# 1
In Posting period at the time of posting a transaction we
define the period in which we do the transaction.

Fiscal Year varient is the general term period from 1st to
12th month.A Fiscal Year may b Year dependent,Year
Independent,Short end F.Year.
 
Is This Answer Correct ?    30 Yes 7 No
Madhu
 
  Re: what is difference between posting period and fiscal year variant?
Answer
# 2
Fiscal year is a period of 12 months...Also, SAP gives up 4
special periods for settling the tax and other info at the
end of the user...
Posting Period Variant controls which posting period,
normal or special is open for each company code.
Posting period is independent of fiscal year variant.
 
Is This Answer Correct ?    17 Yes 6 No
Ashok
 
 
 
  Re: what is difference between posting period and fiscal year variant?
Answer
# 3
Posting period is a period with in a fiscal year for which
the transactions figures are updated.
fiscal year nothing but the financila year. fiscal year
having 12 normal posting periods and 4 special periods.
 
Is This Answer Correct ?    15 Yes 1 No
Koteswarakumar
 
  Re: what is difference between posting period and fiscal year variant?
Answer
# 4
Fiscal year : It determines company following which
accounting year i.e., financial year or
academic year in SAP terminalogy that is
called "fiscal year".

Posting period : in the posting period we are mentioning the
which period onwards company transactions will be started.
 
Is This Answer Correct ?    10 Yes 4 No
Vijay.kalla
 
  Re: what is difference between posting period and fiscal year variant?
Answer
# 5
Hi,
Fiscal year variant determines if you are using calendar
dependent year or year dependent (where you can create your
own periods) eg you want your period 1 to be April period 2
to be May and so on.

Posting period determines which period is open. Your company
code is tied to a posting period variant. Each posting
period variant is tied to an account type (G/L, vendor Asset
etc)

Here you determine if period 1 should be open or period 2 etc.

Fiscal year variant and Posting period variant are
differentiated based on their purpose. While fiscal year
variant is to define no of posting a period allowed and is
assigned to co code, posting period variant is to decide
which periods can be opened at particular point of time for
posting. Separate rules can be defined for each type of
account. This is used for control purpose.

There isn't relation between Fiscal year variant and Posting
period variant. But there is relation between Fiscal year
and Posting Periods. Fiscal year structure contains posting
periods. For each posting period we have specified day end.
To process business transactions these posting periods must
be in open status. You can open all the posting periods (or)
you can restrict the posting periods by Account Type wise
and Account No wise and Authorization group wise.

Thank You.
 
Is This Answer Correct ?    38 Yes 0 No
Hannah
[Zen Cybertech Ltd]
 
  Re: what is difference between posting period and fiscal year variant?
Answer
# 6
Posting period is a period with in a fiscal year for which
the transactions figures are updated.
Fiscal year is nothing but the financial year. Fiscal year
having 12 normal posting mths/periods and 4 special
mths/periods.
 
Is This Answer Correct ?    7 Yes 0 No
Vishwaas K
 
  Re: what is difference between posting period and fiscal year variant?
Answer
# 7
Hi,
The fiscal year variant contains the number of posting
periods in the fiscal year and the number of special
periods. You can define a maximum of 16 posting periods for
each fiscal year in the Controlling component.You need to
specify the fiscal year variant for each company code.The
fiscal year variants of the company code and controlling
area may only differ in the number of special periods used.
You need to ensure that the fiscal year variants match, in
other words, they may not have a time conflict.

posting period variant:-Several Company codes can use same
posting period variant.The SAP system automatically
determines the posting period and fiscal year based on the
posting date entered.The posting period variant is assigned
to the company code.Posting periods are defined in the
fiscal year variant, Closing/opening posting period are
carried out in posting period variant..........
 
Is This Answer Correct ?    3 Yes 0 No
Dharmendra Patidar
 
  Re: what is difference between posting period and fiscal year variant?
Answer
# 8
Posting period is the period for which the documents are posted. SAP allows total 16 posting period, 12 normal Posting period and 4 special posting period for year end closure activities. Posting period is identified on the basis of posting date.

Fiscal year is the 12 month period for which company produces financial statements. It's nothing but financial year.
Fiscal year variant is used to define fiscal year.
 
Is This Answer Correct ?    1 Yes 1 No
Saji
 

 
 
 
Other FI CO Interview Questions
 
  Question Asked @ Answers
 
Where Is Assign Group Chart of Account And Country chart of Account NIIT 3
which fields we cannot control through the field status groups at the time of document posting? HP 2
What is Noted item?.... what is the difference between Noted item and Special GL transaction?   2
Hi, what is segment.How it helps in profit center.How to change posted segment?   1
What is the role of FI consultant in FI-SD integration? Cap-Gemini 1
Hello friends, i am persuing SAP FICO can u please suggest me how to get job after complition of course. infact every company asking for at least 3 years of domain experience if every company askinh only for experince holder then wher the fresher will go, how do fresher will get expreince untill and unles they don't get opportunity to work with. it seems it is very dificult to get job in this field.please senior help me ..... please, if there is any opening in your company then please inform me on g.amresh@gmail.com Wipro 3
In APP >Bank determination > Ranking : 1st Rank=HDFC,2nd Rank = ICICI. For 15 days I have pick money from ICICI. Tell me How to do.   3
whatis mean by project charter   1
How do you control field status of GL master records and from where do you control. HLL 5
how the system generate document no range where as we create a document no range 1 to 9999999999 . how system pick up the particular no range ? Noida-Power 3
what are kinds of projects? IBM 6
Hi One important Question, I am trying to run depreciation for this month at AFAB it says job RBACH00 is complete and but at SM35 i cant the created batch for the same. In sm37 when i give the same batch name and execute it says " status as finished but depreciation is not processed. Can any one plz throw some light on this?   1
 
For more FI CO Interview Questions Click Here 
 
 
 
 
 


   
Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
   
Copyright 2013  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  KalAajKal.com