SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts (2021) — Question 3

On what level can you assign a fiscal year variant to a company code?

Answer options

• A. Ledger group, for standard ledger type
• B. Ledger, for any type of ledger
• C. Ledger group, for any type of ledger
• D. Ledger, for standard ledger type

Correct answer: B

Explanation

The correct answer is B because a fiscal year variant can be assigned at the ledger level for any type of ledger, allowing for flexibility in financial reporting. Options A and C are incorrect as they restrict the assignment to ledger groups, which do not apply universally. Option D is also incorrect because it limits the assignment to standard ledger types only.