Hello BS,
The fiscal year variant helps you define - 1. The number of posting periods and special periods in a fiscal year 2. How the system determines posting periods
Fiscal Year need not correspond to Calendar Year which is controlled by "Calendar Yr" checkbox. Since it is a financial year followed by the company.
Like in some countries it is common practice to follow April-to-March as their financial Year. Under certain circumstances, fiscal years contains fewer than 12 months. Possibilities are -
Fiscal year is not the same as the calendar year and is not year-dependent
Fiscal year is not the same as the calendar year and is year-dependent.
Fiscal year is same as the calendar year and so is year-dependent too.
I could not find any consulting SAP Note with details on FYV. Below SCN links provides good insight, you may want to check.
SAP Fiscal Year Variant Configuration | SCN
Fiscal Year Variant Configuration (shortened posting periods)
Fiscal Year Variant and Posting Periods Configuration in APO
You may want to post this question on SAP ERP Financials
May be this will help.
Thank you
Satish Waghmare