noted that a business area can be assigned to more than one consolidation business area in order to enablebetter reporting and controlling activities.
Business areas RMHY, RMCH, RMBL to consolidation business area RMBADefine Fiscal Year Variant:
In day to day life, we are following the year starting from January to December.
his is called calendar year. But while maintaining financial records, some business organizations, maintainrecords from April to March, some January to December or some in other way.
he period from which thefinancial records are maintained is called Fiscal year. Hence we need to define Fiscal year as per the need of ourbusiness organization.
FISCAL YEAR IS R3Assign fiscal year variant to the company code:
For every company code, you must specify which fiscalyear variant is to be used.
Assign fiscal year variant R3 to the company code RM99Define posting period Variant:
his controls which posting periods (normal and special) are applicable foreach company code. It is possible to have a different posting period variant for each company code.
heposting period variant is independent of the fiscal year variant.
Posting period Variant: RMVT, posting period variant for RM99
Open and close posting periods
n this activity you specify for each variant which posting periods areopen for posting.
wo intervals are available for doing this (period 1 and period 2). For every interval, entera lower period limit, an upper period limit and the fiscal year. You close periods by selecting the periodspecifications so that the periods to be closed are no longer contained.
Assign Posting Period Variant to the company code:
posting period͛s variant must have assign tocompany code because we create fiscal year company code.
Assign Posting Period Variant RMVT to the company code RM99
Define field status variant:
n this activity, you can create and delete field status variants. You must thenassign a field status variant to each FM area. You can use a field status variant for as many FM areas as youwish. By assigning field status variants and field status groups to field selection strings, you can achievedetailed control over document entry in your FM areas for the individual business transactions.