Variant Principle Concept in SAP
The concept of variant principle
The variant principle is a three step method which is used in SAP to assign special properties to SAP objects. The three steps used in the variant principle are:
- Define the Variant
- Populate the Variant with values
- Assign the variant to SAP objects
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Fiscal Year
You can define how many posting periods a fiscal year has in SAP, how many SAP special periods you need, and how the system is to determine the posting periods when posting for a fiscal year variant.
Fiscal year variant shows impacts how data is reported to regulatory, authorities and shareholders. The fiscal year can be configured as a calendar year or user defined. For example, some company’s fiscal year begins at 1st May. However, a fiscal period can also be calendar months or user defined.
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