Financial Statement Version configuration in SAP
- Musaif Ahmad
- Apr 22, 2024
- 2 min read
Financial statement versions helps to group all the related accounts to get the Balance sheet and Income statement for the purpose of reporting. SAP systems uses the financial statement version (FSV) that assigned to the company code when creating the balance sheet and P&L reports.
You can maintain financial statement versions as per organization requirements. SAP systems has come with standard financial statement version for all countries. So you can use those standard version if your business requirements are limited or you can create new FSV as per business requirements.
The following SAP FICO training tutorials guides how to maintain financial statement versions in SAP Fico step by step. You can maintain the financial statement versions by using the following navigation method.
Simg>> Financial Accounting >> General Ledger Accounting >> Business Transactions >> Closing >> Document >> Define Financial Statement Versions.
What are the configuration to be done before creating Financial Statement Versions
Chart of Accounts (COA)
General Ledger Accounts
Financial Statement Version configuration Steps
Step 1:
Enter transaction code “OB58" and press enter.
Step 2:
On change view “Financial Statement Versions” Overview screen, a list of standard versions are displayed. Here you can create new versions by copying from existing standard version or creating new version with your own settings.
Click on “New entries” to maintain new FSV.
Step 3:
On new entries screen, update the following details.
Fin. Stmt.Version:
1. Enter the new four digits key that identifies the financial statement versions in SAP.
Name:
1. Update the descriptive name of the FSV.
Maint. language: –
1. Update the language key, in which language your financial statement to be maintain.
Item Keys Auto:
1. Item keys are linked to financial statement items in the FSV. This indicator determines the item keys to be assign automatically or manually. Its recommended to to check this option so that item keys are assign automatically.
Chart of Accounts:
1. Enter the COA that you want tag to financial statement version.
Group Account number:
1. Select this indicator to assign account number from the group char of accounts. This configuration is valid only if we are using consolidation functionality.
Fun.area.perm.:
1. Select this indicator to use the functional area organizational elements. It helps to maintain alternative group costs.
Step 4:
Click on “Fin.statement items” to configure the financial statement items.
On create items, add all the asset items for commercial balance sheet(here we are maintaining item for asset). Press enter to continue.
Go to Transaction Code F.01 to View Financial Statement :
Enter Chart of Account, Company Code, Ledger , FS version, Reporting Year & Period :
Execute -
The three key strengths of AI for Remote Team Productivity include AI automation, chat, and working with a team. Get them right, and it is a huge advantage, particularly because AI automation is already ubiquitous and we are all just in a test, a real-time experiment.
It can be found in self-driving cars, your banking app, and the recommendation systems that suggest those cute cat videos you are obsessed with on Tik Tok. It will filter into each and every digital platform, resource, and every offline device that you can imagine.
I’ve had a very positive experience with Zentra Orthopedic Shoes. As soon as I started wearing them, I could feel the difference in comfort and support. The cushioning is soft but still supportive, which makes them great for long days on my feet. They fit comfortably, feel well made, and the materials are clearly durable. Even after regular wear, the shoes still maintain their shape and support.
As a customer, my experience with Twill Tees has been extremely positive. From the moment I started wearing them, I noticed the superior comfort and excellent orthopedic support they provide. The cushioning feels soft yet supportive, making them ideal for long hours of walking or standing. The fit is comfortable and well-structured, and the materials feel high-quality and durable. Even after regular use, the shoes maintain their shape and support without wearing down.
You can access the Qatar Airways Customer Support Phone Number Chicago to request mobility aid as the airline mandates forty-eight hours of prior notice.
This was a really informative read. I’ve been researching MBBS in Singapore and it’s hard to find clear, unbiased explanations like this. I also came across Education Vibes while comparing options, and honestly, posts like this make decision-making much easier. Thanks for sharing such useful insights.