1. Explain what is meant by a posting period variant?
2. What is the purpose of a field status group?
3. Explain using an example what you understand by “year shift/displacement” in a fiscal year (5 lines). You may use an illustration/image if you like.
4. Name 3 things defined in the fiscal year variant.
5. List and explain the 3 different types of Chart of accounts. (6 lines)