:: 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                      
Categories >> Software >> ERP CRM >> SAP >> FI CO


 Basis interview questions  Basis Interview Questions (813)
 ABAP interview questions  ABAP Interview Questions (2427)
 SAPScript interview questions  SAPScript Interview Questions (127)
 SD interview questions  SD Interview Questions (1952)
 MM interview questions  MM Interview Questions (352)
 QM interview questions  QM Interview Questions (8)
 PP interview questions  PP Interview Questions (136)
 PM interview questions  PM Interview Questions (21)
 PS interview questions  PS Interview Questions (20)
 FI CO interview questions  FI CO Interview Questions (1654)
 HR interview questions  HR Interview Questions (434)
 SAP CRM interview questions  SAP CRM Interview Questions (262)
 SRM interview questions  SRM Interview Questions (12)
 APO interview questions  APO Interview Questions (18)
 Business Warehouse interview questions  Business Warehouse Interview Questions (622)
 Business Workflow interview questions  Business Workflow Interview Questions (9)
 SAP Security interview questions  SAP Security Interview Questions (336)
 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 (58)
 SAP AllOther interview questions  SAP AllOther Interview Questions (92)
what is difference between posting period and fiscal year
 Question Submitted By :: FI-CO
I also faced this Question!!     Answer Posted By  
# 1
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

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 ?    40 Yes 0 No
# 2
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 ?    31 Yes 7 No
# 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
# 4
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
# 5
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 ?    11 Yes 4 No
# 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
Is This Answer Correct ?    7 Yes 0 No
Vishwaas K
# 7
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 ?    4 Yes 0 No
Dharmendra Patidar
# 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 ?    2 Yes 1 No

Other FI CO Interview Questions
  Question Asked @ Answers
what is distribution, and what is assesment Cap-Gemini 4
For what do we calculate the VAT and TDS which is for Customers & which is for Vendors? please reply soon   5
what is transport request? Infosys 14
What is the Organization elements? HCL 5
what is asset accounting?   3
i wanted to know the how to integrate the fico with sd and mm?   7
What is the difference between the functions of T-code F-22 and FB70? Kindly explain in detail.   6
what is cost product planning? TCS 1
Hello Friends next day I will go for fresher SAP FICO consultant interview. Please suggest me about interview question and Technical question? possible Answar reply soon. Wipro 3
Please Someone give me any Business Blue Print for SAP FI   1
Can we maintain one default deprciation key for one asset of long period? HCL 1
We have total 5 branches at the time of posting document we did't specify which branch it is. Here the problem is how to know for which branch belonging it please give me answer as soon as possible thanks to all........ TCS 1
For more FI CO Interview Questions Click Here 

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