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A Field Status Variant (FSV) is a configuration object in SAP FI that defines how field status groups are applied across company codes. It acts as a container for multiple Field Status Groups, and it determines which fields appear during document entry and how they behave. It is Created at Client Level and can be Used for Multiple Company Codes.

A Fiscal year is the accounting year used by a company to record and report financial transactions. It's the period for which financial statements like the Balance Sheet and Profit & Loss ( P&L ) are prepared.

The Pricing Procedure in SAP MM determines how the system calculates the price of a material during purchasing or procurement.

Validation and Substitution are functionalities used to enforce business rules and automatically modify data entered in SAP system

Document splitting in SAP S/4 HANA allows you to display documents using a differentiated representation.

Withholding Tax Configuration in SAP S4 HANA

In SAP, there are various types of projects based on their nature and objectives.

A Profit Center in SAP is a key organizational unit used for internal management accounting and reporting purpose.

Cost Center Accounting in SAP S/4 HANA is a component of SAP CO module, which is used to manage and control expenses associated with Costs.