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SAP S4 HANA FICO CLASS 09 || SAP S4 HANA Fiscal year || SAP S4 HANA Finance and Controlling #SAPS4HANAFICO, #SAPS4HANAFICOTraining, #SAPS4HANAFinanceandControlling, #SAPS4HANAFICORealTimeProject, #SAPS4HANAFICOInternshipTraining, #SAPS4HANAFICOCertification, #SAPS4HANAFICOOnlineTraining, #SAPS4HANAFICOInterviewQuestions, #SAPS4HANAFICOConfiguration, #SAPS4HANAFICOConsultant, #SAPS4HANAFICOTutorials, #SAPS4HANAFICOJobOrientedTraining, #SAPS4HANAFinanceTraining, #SAPS4HANAFICOStepbyStep, #SAPS4HANAFICOIntegration, #SAPS4HANAFICOBusinessProcess, #SAPS4HANAFICOCareerGuidance, #SAPS4HANAFICOPracticalTraining, #SAPS4HANAFinanceConsultant, SAP S/4HANA, Fiscal Year means the financial year used for company accounting and reporting. All postings in SAP (FI & CO) are stored according to the fiscal year and periods. ________________________________________ Types of Fiscal Year in SAP S/4HANA 1. Calendar Fiscal Year • Starts: 01 January • Ends: 31 December • Periods: 12 periods + 4 special periods • Example: Many companies use this. 2. Non-Calendar Fiscal Year (Shifted Fiscal Year) • Starts and ends in different months. • Example: o 01 April to 31 March (India companies) o 01 July to 30 June • SAP automatically shifts the periods. 3. Year Dependent Fiscal Year • Period dates change every year. • Used rarely (for industries with changing calendars). ________________________________________ Key Terms 🔹 Fiscal Year Variant (FYV) Controls: • Number of periods • Start & end dates of periods • Special periods Common variants: • K4 – Calendar year • V3 – April–March (India) • Y1 – Year dependent ________________________________________ Configuration Path (IMG) SPRO → SAP Reference IMG → Financial Accounting → Financial Accounting Global Settings → Fiscal Year → Maintain Fiscal Year Variant