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.