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ERPCorp SAP FICO Blog

Senior SAP S/4HANA FI/CO consultant and project manager with 20 years consulting, implementation, training, and project management experience including:
• SAP Press author of 'Configuring SAP S/4HANA Finance'
• 4 full life-cycle SAP implementations
• Extensive team lead/project management experience
• Experienced in various business sectors:...

Senior SAP S/4HANA FI/CO consultant and project manager with 20 years consulting, implementation, training, and project management experience including:
• SAP Press author of 'Configuring SAP S/4HANA Finance'
• 4 full life-cycle SAP implementations
• Extensive team lead/project management experience
• Experienced in various business sectors: manufacturing, pharmaceutical, chemicals, medical devices, financial services, FMCG, IT, public Sector, automotive, commodity trading
• Extensive global rollout and country localization experience
• Leadership experience as direct liaison between the business community and IT

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Managing Different Fiscal Year Variants In SAP S/4HANA Asset Accounting

Parallel Valuation in Asset Accounting

Many companies operate in multiple regions and countries. Therefore they need to report on their fixed assets based on various legal and valuation frameworks. SAP S/4HANA provides the tools and processes to fulfill these parallel valuation requirements. Still, some of those requirements could be technically challenging to meet, such as when different fiscal year variants need to be used in the different valuation frameworks.

The fiscal year variant (FY variant) determines the financial periods and their calendar assignments, which are used to post documents in financial accounting.

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