Fiscal Year

[Former Member]

hi,

I am new to FICO what is fiscal year variant(periv).

Thanks & Regards,

KS

[Former Member]

hi,

I am new to FICO what is fiscal year variant(periv).

Thanks & Regards,

KS

[Former Member]

Hi,

Check this sap documentation..

A variant defining the relationship between the calendar and fiscal year.

The fiscal year variant specifies the number of periods and special periods in a fiscal year and how the SAP System is to determine the assigned posting periods.

If the Consolidation system and companies to be consolidated use different fiscal year variants, the periods must be converted when individual financial data is transferred to the Consolidation system.

THanks,

Naren

[Former Member]

I can't find the link to the doc

[Former Member]

the following data elements are the fiscal year variant.

PERIV or RSPERIV or XPERIV

Go to SE11 -> enter the data type as PERIV or RSPERIV

Display it, then Press the Documentation button on application tool bar. then you will get some idea on Fiscal year variant

Short Text

Fiscal year variant

Definition

Using the fiscal year variant, the fiscal year is established.

Use

You can define the following using a fiscal year variant:

How many posting periods a fiscal year has.

How many special periods you need.

How the system should determine the posting periods during posting.

When defining you assign your posting periods to the calendar year.

The assignment control requires the same number of posting periods in the company code and in the assigned controlling area.

This means that the fiscal year variants used in the company code and controlling area must agree in the number of

posting periods.

For each company code you must establish which fiscal year variant should be used. For this, you have to define the corresponding fiscal year variant. It is not allowed to contain more than 16 periods.

The delivered company codes are assigned to the fiscal year variant, which corresponds to the calendar year and uses an additional four periods.

You can maintain fiscal year variants and the assignment of fiscal year variant - company code in the Financial Accounting Customizing. pflegen.

Maintain fiscal year variant Execute function

Assignment fiscal year variant - company code Execute function

Message was edited by:

Lakshmi Sekhar Reddy

[Former Member]

Fiscal Year Variant:

Fiscal year is the way financial data is stored in the system. You have 12 periods in SAP and also four special periods. These periods are stored in what is called the fiscal year variant.

There are two types of Fiscal Year Variant

? Calendar Year - Jan-Dec, April -March

? Year Dependent Fiscal Year.

Link on SDN ERP Financial forum:

Fiscal Yr Variant:

Changing Fiscal Year Variant Help Needed:

[Former Member]

go to OB29 from your configuring client

click new entries

in the fv column enter any 2 characters like z1 etc in the description enter your company/s name. check year dependent. number of posting periods =12 special period4

hit enter. now highlight the line that you just created. double click on periods tab on the left of the screen.

enter your fiscal year variant z1 and enter the calendar year.

hit new entries

enter month, day and period, year shift

month is the actual month i.e jan is 1 feb is 2 etc.

day is the last day of the accounting period( usually last sunday of the month) the finance team will tell u the periods , dates etc and u simply enter it here.

the period is the accounting period. companies have different procedures. your peiod 1 could be october period 2 nov and so on.

year shift is when the calendar year is not same as fiscal year. eg calendar year is 2006 and fiscal year is 2007. Then the months of oct, nov and dec will have 1 1 in the year shift ( 20061=2007) and the other months will have 0.

read this if you have any doubts still

http://help.sap.com/saphelp_erp2005/helpdata/en/96/8b2fc843ce11d189ee0000e81ddfac/frameset.htm

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Hi if its calendar dependent then you dont need to enter the periods as the last day of a calendar is the same as your fiscal period. eg jan 31st will be last day of jan and so on.Plz read the link to understand better.

if you are creating a variant say for year 2006 then the months jan - april should have a year shift of -1 as the calendar year then will be 2007 so ( 2007-1=2006) as the fiscal year variant is setup for year 2006.

so period 1 will be may period 2 june and so on. in the month column enter the month number eg may=5 and so on.

last friday's date ( look at the calendar and get this) should be entered in the period column.

hope this clarifies.