China Financial statement - Golden Tax audit

Hi
Regarding an implementation for a client in China, the client needs to generate their financial statements in the statutory formats as given by China authorities. They are presently generating these statements using a third party software called FORMWARE. This software is fed with data from SAP to generate these statements.
My doubt is whether standard SAP supports generation of financial statements in statutory format. The required statements are balance sheet, income statement, cash flow statement, GL balance list and some other statements.
If anyone has come across this scenario, please let me know whether SAP supports China financial statement generation and how to generate them.
The financial details which is generated from ECC 6 is in the format prior to April 2007 . We are given to understand that in china the statutory format were changed in April 2007 . To give an example the balance sheet coming out of ECC 6 SAP is in vertical format where as the current format recommened by China Govt is in horizontal format - T shape . We are using the golden Tax audit system in SAP to generate the above report .
Please share your experience in this regard as we are not sure if STD SAP support china local statutory fianancial format
Regards
Ram

Hi,
SAP Golden Audit provides data interface to China government. However, you have to do the second development for the report, BS/PL and so on. If you want to implement them in SAP, you need to config the alternative account in account master data maintain.
The 3rd software transfers SAP transaction data to their own database and do account mapping at same time. As a result, just report format is China standard. Real accounting rule still is global's.
So, the best solution is no need to transfer SAP transaction data. Just extract balance by BAPI to excel. Use formula to calculate BS/PL report. If it's necessary, extract documents to excel by China reporting format for printing purpose.
We have this solution, no need ABAP and just upload three requests. All China standard report can be generated.
If you needs more details, contact, +86 21 51688870 - 810. Our expert will give you professional advice.

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China Golden Audit Module--- Financial Statement Instruction

More and more people start to pay close attention to Golden Audit module. Below information just for your reference.
In China, certain types of companies using SAP are required to provide China standard report and data interface between audit software of Finance Bureau(just Shanghai city) and SAP system. China standard report will be audited by finance and tax bureau. Data interface is pre - format for electric auditing in future.
SAP only provides the data interface in current status. No provide report format for China standard format. The stand format is very difference with SAP's. Company have to develop it by ABAP. I have two projects about this development. Firstly, alternative accounts have to be configure by fixed first four digits. Second, Balance includes FI and CO account and cost center. Base on this component, BS and P&L reports can be developed. However, this development needs about 5 to 6 months.
3rd software needs to download transaction data from SAP to their own database. However, if the display item of account master data is not selected. The transaction data will be lacked. Because the data hasn't been included in BSEG table. So, this solution will face to the risk of not consistence. End user will increase this workload to download and upload transaction data, check the account balance and maintain others unnecessary work. As a result, just get the report format. However, accounting rule still is global's.
Insight provides a solution package for this issue. This solution base on BAPI extraction, link SAP directly. No need to download and upload transaction data. End use can get China standard report template. Just refresh year and period parameters, all China standard report can be generated directly. In addition, insight can provide analysis function for FI and CO module. End user can control it after two hours training. More information, please contact, +86 21 51688870 - 815.

Hi,
SAP Golden Audit provides data interface to China government. However, you have to do the second development for the report, BS/PL and so on. If you want to implement them in SAP, you need to config the alternative account in account master data maintain.
The 3rd software transfers SAP transaction data to their own database and do account mapping at same time. As a result, just report format is China standard. Real accounting rule still is global's.
So, the best solution is no need to transfer SAP transaction data. Just extract balance by BAPI to excel. Use formula to calculate BS/PL report. If it's necessary, extract documents to excel by China reporting format for printing purpose.
We have this solution, no need ABAP and just upload three requests. All China standard report can be generated.
If you needs more details, contact, +86 21 51688870 - 810. Our expert will give you professional advice.

Financial Statement and Alternative Account Number (China)

Hi all,
I have created a nice financial statement based on "normal" GL account number, and through this I can have a nice formatted balance sheet and profit and loss account.
For china, I need the financial statement with the alternative account number displayed. For example: My normal GL Account is 181000, and alternative account number is 10010101 .
During running the F.01 - Balance sheet, I check the options of "alternative account number" under the tab of special evaluations, but the output of the balance sheet and profit and loss does not give me a nice format.
All of the accounts are displayed under section Account not assigned (This is because alternative account number is 10010101 is not assigned to the financial statement version).
Could anyone advise how to overcome this problem?
Thanks.

Ok ...
I half way solve my problem with the following reference:
http://sap.ittoolbox.com/groups/technical-functional/sap-acct/country-specific-coa-1453275
There is another issue of my Financial statement:
The following is my scenario:
I have Operational Chart Of Account, OCA1, and GL's are as followings:
GL1000 linked with alternative GL account (GL9001 - Chart of account - ACA1)
GL2000 linked with alternative GL account (GL9002 - Chart of account - ACA1)
GL3000 linked with alternative GL account (GL9003 - Chart of account - ACA1)
GL4000 No link to any alternative GL (because does not use or need this)
My Financial statement version is FSV9, made up (must be, based on my testing) using GL Account (which are GL9001 and GL9002) and chart of account is ACA1.
During the financial statement F.01, the GL4000 ends up with the following message at the bottom of the financial statement: <b>No alternative acct no.maintained for G/L acct 4000 in co.code ....</b>
Note: GL4000 does not have any balances.
Note: If GL4000 has balances, it is displayed under un-assigned section, and the value does not affect the profit and loss od the statement.
Question: How can I solve the issue:
1) Do not display the GL4000, which does not have alternative GL account.

Financial statement version - Profit after tax

Dear All,
I have created financial statement version.as
assets
liabilties
income
expenses.
profit and loss result.
client want profit after tax and profit before tax. How to configure the to get the values?. Kindly let me know.
Regards,
Mouli.

Hi,
Please maintain the following:
u2022 In OBD4 create a new Account Group for GL Codes that will be used for posting Depreciation of Area 15.
u2022 Create GL Master Data under this New Account Group
u2022 Assign this GL Code to the FSV as per IT Act.
u2022 Map the GL Code in AO90 by selecting Area 15 specifically.
Please refer to the below links on this:
http://help.sap.com/saphelp_erp60_sp/helpdata/en/4f/71fd71448011d189f00000e81ddfac/frameset.htm
http://help.sap.com/saphelp_erp60_sp/helpdata/en/4f/71fd71448011d189f00000e81ddfac/frameset.htm
Regards,
Kiron Kumar T.

Interface of SAP with Golden Tax, China

Hi
Does anyone have some documentation regarding the SAP interface with the Golden Tax, China system( chinese local tax software system) and any documentation relating to SAP, China local implementation in ECC 6.0
Thanks
Krishna

Hi,Krishna,
As I know, the normal golden tax system developed by an third party vendor, and the standard system doesn't include the interface for ERP system connection.
But these few years, they should deleloped some interfact for SAP already, since SAP is popular in China now, you can ask them to buy it.
Then you request a new user ID from your BASIS team for SAP login, then Golden Tax can access SAP invoice via BAPI or other remote function call.
For GT the system, there is some problem occurred for China,
1) Golden Tax was restrict by 8 line items, SAP got more(you can customize it) .
2) For the amount, most of company customized tax calculation base on line items, then round, finally get the gross amount; but GT base on total net amount of invoice, then get net amount, finally round. so you have to find a solution to adjust the difference.
3)Sometimes customer has special request also, you should collect the problems from your customer service team;

Financial Statement Version asper INcome Tax Act

I am trying to configure financial statement version as per income tax act , we have two depreciation area 01 is for Companies Act and other 15 is for Income Tax act, while configuring FSV Depreciation is posting normally in FSV asper Companies Act where in FSV as per Income Tax the depreciation amount is calculated from the Companies Act Depreciation area ie 01. can any one help me to solve these issue. urgent

Hi,
Please maintain the following:
u2022 In OBD4 create a new Account Group for GL Codes that will be used for posting Depreciation of Area 15.
u2022 Create GL Master Data under this New Account Group
u2022 Assign this GL Code to the FSV as per IT Act.
u2022 Map the GL Code in AO90 by selecting Area 15 specifically.
Please refer to the below links on this:
http://help.sap.com/saphelp_erp60_sp/helpdata/en/4f/71fd71448011d189f00000e81ddfac/frameset.htm
http://help.sap.com/saphelp_erp60_sp/helpdata/en/4f/71fd71448011d189f00000e81ddfac/frameset.htm
Regards,
Kiron Kumar T.

China golden tax interface issue

Dear
I am encountering an issue about china golden tax interface which is provided by sap standard function.The current GTI tax invoice keys configure view is different from before. I cant choose price mode in the current SPRO . pls refer to the snapshot. Does anybody know why? what should i do in order to configure price mode?
Best Regards
Tang Peng

Hi Tang,
The field is hidden in the latest release since in the Golden Tax System
it has not influence anymore.
Regards,
Enrique

China Golden Tax System

Hi-
Does anyone know where I can find documentation on SAP's interface with the Chinese "Golden Tax System"?
Thanks,
Tristan

the system carry with the interface document

Financial Statement Hierarchy FSV for GL Accounting 0FL_GLV10

Have loaded hierarchy of FSV from R/3 to BW. Hierarchy is getting displayed in 0GL_ACCOUNT. There is a second level node called Net Profit / Loss, where there is no child node. But when we run the query then some value comes corresponding to that node also under 0COA/0PLRESULT (which is some sort of a calculation or net off happening & value gets correspond to this node).
Now this value is getting displayed, similarly here is a node getting displayed under Source of Funds node, called Share holders Funds, now a child node of this is P & L Profit which is similar to the earlier blank node i.e. without any child node. In R/3 side this corresponds to
0COBSPLRESULT. But this is not getting displayed in the query. That particular node itself is not appearing in the query. In the query instead of appearing under the respective node this value is appearing under unassigned nodes.
What checks can be made to bring the value in query corresponding to the hierarchy how it is in hierarchy screen ??

I would like to provide anaswer in detail.
A Financial Statement Version (FSV) is Hierarchical arrangement of G/L accounts, in accordance with the legal regulations used to generate financial statements. Alternatively, the accounts can be arranged or grouped in accordance with requirements.
FSV does not create any posting. It is a type of FI reporting.
Creating FSV: General Ledger Accounting > Business Transactions> Closing --> Documenting --> Define Financial Statement Versions.
If you are in India, you can use SAP standard India country version BAIN which has 'Tax depreciation' as statistical entry.
If you do not plan to use SAP standard India country version, then you can create 'Tax depreciation' is an item entry.

Financial statement vesion -Plant wise.

Hi SAP Gurus,
I need plant wise balance sheet as per my client requirement. I am usign the business area concept to extract the planet wise financial statement. Can any one throw some lights on Financial statement version. What is the significance of having different financial statement version. If all the plants are having same policies and groupings then can we do it throw same FSV?? i need the benefits of having different FSV so that i will get idea to what should i go for it.
Regards,
Deva.

Hello,
Financial ststements can be fetched on business area, profit center or segment level. what you are trying is correct.
Populating business area in tax line items can solve your problem as you have said that you are taking business area wise statements for plant.
Go to
IMG -->Financial Accounting(New) -->General Ledger Accounting(New) -->Business Transactions -->Document Splitting -->Edit Constants for Nonassigned Processes.
In Assignment of Values, assign Def. Business Area.
Remember to make business area optional for that GL's.
Regards
Tushar
=============================================================

IFRS Consolidated Financial Statement

Good day mentors,
        I have the dilemma of having to make a consolidated Financial Statement(FS) using 5 databases of SBO.
From my knowledge, XLReporter won't be able to handle multiple databases. So XLReporter is not a viable solution.
I only have Crystal Reports to rely on now(I acknowledge the fact that financial reports are hard to do in Crystal).
Is there any one able to make an IFRS report directly from SQL then into Crystal?
So far, the steps I have currently undertaken are:
1. Got the IFRS(International Financial Reporting Standards) FS format. Which serves as an imaginary/virtual COA for the report.
2. Since it is an Imaginary COA, I assigned pseudo GL account # for the labels. See part of the format below.
100000     Assets
     101000     Non-Current assets
          101100     Intangible assets
          101200     Property, plant and equipment - development / producing assets
          101300     Property, plant and equipment - other
          101400     Trade and other receivables
          101500     Deferred tax asset
          Total non-current assets
     102000     Current assets
          102100     Cash and cash equivalents
          102200     Trade and other receivables
          Total current assets
     Total assets
110000     Liabilities and Equity
     111000     Liabilities
          111100     Current Liabilities
               111110     Trade and other payables
               111120     Deferred tax liability
               Total current liabilities
          111200     Non-current liabilities
               111210     Trade and other payables
               Total non-current liabilities
          Total liabilities
     112000     Equity
          112100     Share capital
          112200     Share premium
          112300     Merger reserve
          112400     Retained earnings
          Total equity
     Total liabilities and equity
3. I used the codes I placed above to populate the OACT.ExportCode in all databases.
I assume that the purpose of the OACT.ExportCode column is to aid the scenario of having to report externally.
I am currently stuck as to how I will b able to group or form the grouping based on the IFRS FS format. Since I have to read 5 databases, I have limited flexibility in grouping inside CR. I am forced to do almost all groupings in SQL instead.
Any ideas?
Thanks in advance,
Sean

Hi Sean,
You may check this thread for an alternative;
Re: Database Consolidation
Thanks,
Gordon

Financial statement version issue

I ma having an issue with the financial statement hiercahy.I have succesfully pulled the hierachy from the r3 side..There are no unallocated accounts inthe finacial statement hierachyon the r3 side .If i run a financial report on the r3 side everything is balancing...When i run the same report on the bw side using the same hierachy i am getting some gl accounts appearing on the unassigned node..the report is showing accounts like 60500 deferred tax liabilities are not allocated to the fs version yet the account is already allocated on the fi side in r3 as financial statement item number 2021 deferred tax.The hierachy is based on infoobject 0GLACCEXT.

Hi,
Try to relaod the FSV and then activate the master data.
Cross check if u have selected correct Hierachy in Infopackage.

Golden Tax

Dear Experts,
is there any separate standard reports for china Golden Tax
Regards,
Ravindra

Hi,
have a look at sap help:
Golden Tax Interface for China - Business Functions (SAP Enhancement Package 5 for SAP ERP 6.0) - SAP Library
and OSS Notes like:
1868902 - Configuration Guide for Golden Tax Interface
Best regards.

Financial Statement

Hi all
I am creating a customized report of Financial Statement that contains monthly figures for every G/L account.
When I compared my report with the standard FS, I found out in standard FS, there are some G/L are taking amount from previous fiscal year. For example, when I choose to view FS for 2007, some G/L amount are included with amount from fiscal year 2006.
Can anyone explain this, is FS is normally like this. Is it have something related to open and closed items? I dont have deep Finance background anyway.
Thanks in advance.
Regards
az
Edited by: alawiyah zakaria on Feb 25, 2008 4:57 AM

Financial Statement include open items for chosen year and previous years and also close item for chosen fiscal year

How to extract the Financial statement version from R/3 to BW

Hi all,
I've used the business content to extract the details of SAP R/3 G/L account details to BW. Now, I need to extract the Financial statement version also from R/3 to SAP. Is there any business content object available for the same?
Thanks in advance,
Sam.

Use cube: 0FIGL_C01 with 0GL_ACCOUNT. Load the text and attributes for 0GL_ACCOUNT and the hierarchy based on FSVs in R/3.Build your Balance Sheets and Income Statemments in this.
If your FSV has balance dependancies: say if the accounts in the FSV move from one node to another depending on their balance at run time, then you will have to use the virtual cube (0FIGL_VC1) along with info-object 0GLACCEXT. However from my experience with VC1, there are a lot of restrictions and inconsistencies that you will have to contend with while working with this cube.
Cheers
Anand

China Financial statement - Golden Tax audit

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