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Question
what is difference between posting period and fiscal year
variant?
 Question Submitted By :: FI-CO
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
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 ?    40 Yes 0 No
Hannah
 
Answer
# 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
Madhu
 
 
 
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
 
Answer
# 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
Ashok
 
Answer
# 5
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
 
Answer
# 6
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
 
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
 
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
 

 
 
 
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while configuration depreciation we have configured wrongly as 10% but it has to be 12%, after 2 years we need to change it, how will we do it and how to change past 2 years depreciation calculations and how to post the difference postings.. Infosys 1
On which server you receive the tickets . After solving the tickets what you do.How it is send to the client. Do you do any quality check as such? HP 1
how login sap r/3 fico module to implement the project in real time? please reply. It's urgent.   2
How many asset classes are there in asset master records? PWC 8
How will you differ Client and Company. Is both are same??.   1
what is mean by blueprint   1
What is the advantages of free selection tab in automatic payment program.what is the exact functionality of this tab. TCS 1
 
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