Fiscal year variant (FYV) contains the definition of posting periods and special posting periods. When a business transaction is entered, it needs to be posted to a particular period. Determination of such period of posting is defined in FYV. In the process you have to first define a FYV based on your requirements and then assign that FYV to your company code. A fiscal year … [Read more...] about Fiscal year variant and its use in SAP