In SAP S/4HANA, the assignment of a fiscal year variant is performed at the ledger level for a specific company code. This is a fundamental concept for enabling parallel accounting. While the leading ledger (0L) typically inherits the fiscal year variant from the global company code settings, non-leading ledgers can be assigned a different fiscal year variant. This allows an organization to report using different fiscal year-ends for the same company code, for example, to meet local statutory requirements (local GAAP) and corporate group requirements (e.g., IFRS) simultaneously. This setting applies to any type of ledger (standard, extension) assigned to the company code.

A. Ledger group, for standard ledger type: The assignment is made at the individual ledger level, not the ledger group level. Ledger groups are primarily used for posting logic.

C. Ledger, for standard ledger type: This is too restrictive. The assignment is possible for any ledger type (e.g., standard, extension) that is assigned to the company code, not just standard ledgers.

D. Ledger group, for any type of ledger: The assignment is fundamentally at the ledger level, not the ledger group level, which is a collection of ledgers.

1. SAP S/4HANA 2023 - Official Product Documentation: In the Implementation Guide (IMG)

the path Financial Accounting -> Financial Accounting Global Settings -> Ledgers -> Ledger -> Define Settings for Ledgers and Currency Types allows for this configuration. The documentation for this activity states: "These settings are company code-dependent. For each combination of ledger and company code

you define the currency types and the fiscal year variant to be used." This confirms the assignment is at the Ledger/Company Code level.

Source: SAP Help Portal

SAP S/4HANA 2023

Implementation Guide for R/3 Customizing (IMG).

2. SAP Learning - S4F01 Financial Accounting in SAP S/4HANA for SAP S/4HANA 2023: The courseware explains the concept of parallel ledgers and their configuration. In the unit on Organizational Units

the lesson on Ledgers explicitly shows the configuration screen (transaction FINSCLEDGER) where the Fiscal Year Variant is a key field assigned per Company Code and Ledger combination.

Source: SAP Learning Hub

Course S4F01

Unit 2: Organizational Units and Master Data

Lesson: Ledgers.

3. SAP Press - Financial Accounting with SAP S/4HANA: Business User Guide (2nd Edition): Chapter 3

Section 3.2.3 "Ledgers" discusses the ledger concept. It explains

"For each ledger

you can define company code-specific settings

such as the fiscal year variant and the posting period variant... This allows you to use a different fiscal year for a non-leading ledger than for the leading ledger." This confirms the assignment is at the ledger level and applicable to non-leading ledgers.

Source: Rheinwerk Publishing

SAP Press

"Financial Accounting with SAP S/4HANA: Business User Guide"

ISBN: 978-1-4932-2071-5

Chapter 3

Section 3.2.3.