01. Detailing Financial Statement Reporting

Financial statements present a summary of your organization's financial operations and economic activities

Without the financial statement versions, the chart of accounts is a random, unorganized list of accounts.

Manage global hierachies

• An FSV ID and description.

• Chart of Accounts: only accounts from the specified chart of accounts can be selected.

• Valid From and Valid To: The FSV can only be applied in reports if the reporting period is within your specified time frame. With the time-dependent nature of Financial Statement Versions, it's possible to generate several FSV hierarchy versions under an identical FSV ID, given that their respective time periods don't coincide.

• Allow Contra Nodes: Allows to designate a hierarchy node (A) as the contra to another node (B). If an account has a credit balance, it will show under node A in the financial statements. If it has a debit balance, it will appear under node B.

• Allow Functional Areas: To assign functional areas (in addition to G/L accounts) to individual nodes of the FSV, required to create P&L statements in accordance with the cost of sales accounting.

• Assets

• Liabilities and Equity

• Net Result: Loss

• Net Result: Profit

• P&L Result

• Financial Statement Notes

• Not Assigned

Financial statement versions need to be adapted regularly to cope with regulatory or business requirement changes.

Multiple instances of the same FSV ID can be created, each identified by their validity dates

I can activate the allow contra nodes feature the entire financial statement version.

• Standard balance sheet accounts

• Special cash accounts, that is, bank reconciliation accounts.

Cost of sales accounting is a method used to analyze the sales revenue within a specific accounting period against the costs of production for the activities performed during a period of time.

Semantic tags in SAP S/4HANA Cloud are textual identifiers used to highlight key figures in financial statement versions (FSVs).

Beyond the standard semantic tags that are offered, SAP S/4HANA Cloud also allows you to construct your own custom semantic tags to cater to your unique reporting requirements.

Yes

In addition to using pre-delivered tags, users can create their own specific semantic tags through the Central Business Console.

Some analytical apps require financial key performance indicators (KPIs) to be calculated based on financial statement version nodes. These KPIs are calculated using semantic tags assigned to these nodes.

With SAP S/4HANA embedded analytics, the Manage KPIs and Reports app allows you to generate financial statement-based KPIs.

• Balance Sheet/Income Statement

• Balance Sheet/Income Statement (Multidimensional)

• Company Code

• Ledger

• Financial Statement Version

• Statement Type

• End Period and Comparison Period

• Currency

• Possibility to export to *.PDF, *.CSV, and *.XLS formats

• Multiple dimensions available

• Hierarchy time dependency unavailable

• Ledger comparisons available

• Business transaction types available

• Analytical engine features available

The Cash Flow Statement - Indirect Method app is a powerful tool that provides users with a swift and comprehensive snapshot of the cash flow situation of their company. This application operates by sourcing information from semantic tags that are duly assigned to G/L accounts within the cash flow statement.

• Asset accounts

• Inventory accounts for materials

• Equity accounts

• Provisions

• Balance sheet accounts related to valuation