Creation of retained earnings statement in Financial Statement Version-OB58
Hi Gurus,
I am facing one problem as i didnot prepare the reports till now.
One financial statement version has created for Balance sheet and P&L account.they asked me to extended that same report by adding the Statement of Retained earnings in the same financial statement version.
How to proceed for this.plz help me.it would be a great help for me.will assign points...
Regards
Sap Guru
hi sapguru,
please cheek your mail and assign points.
Similar Messages
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Retained Earnings Statement Format(Financial Statement Version)
Dear Friends,
Since 2 days i am requesting you regarding Retained Earnings Statement Format(Financial Statement Version)
Please send me the fromat for Retained Earnings Statement Format(Financial Statement Version)
It would be a great help for me and points will be assigned...
Regards
Sap Guru
[email protected]hi sapguru,
please cheek your mail and assign points. -
Why do we need retained earnings account in income statement?
hi,
as far as i am concerned we need a retained earnings account only in a balance sheet statement. however i dont understand why do we need a retained earnings account in the income statement. can someone explain?Hi
The account nothing but contains the accumulated profits which are divisible to the shareholders carry forward from the P&L account.
we define Retained earnings a/c in OB53.
Most companies use one retained earnings account. For this reason, X can be used as the key.
In the chart of accounts you enter X in the P+L statement account type field, and for account determination you enter the retained earnings account under the key X
assign points if useful -
Statement Of Retained Earnings
Dear Friends,
we have already created the balance sheet and p&l statement in Financial Statement Version,and need to prepare the Statement of retarined earnings to finish that.is it possible to create Statement of retarined earnings following that balance sheet and PL statement.Or do i need to create Statement of retarined earnings form and assign to report in FSI1.
please suggest me
Regards
Sap GuruThe problem is resolved externally
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Financial Statement Export Completed with Error
Submit 'Financial Statement Export' with the parameter as following:
Ledger Name:& Ledger Name
Report: &Predefined FSG Report
Period: &Period
Rounding Option:Calculate Then Round
Segment Override: Null
Accounting Date:&Date
Template:Balance Sheet Export
Template Locale:Null
Destination File Name:Q_ZCFZB.TXT
The error message is '100:ORA-01403: no data found'.
However, through 'NS2011 (Financial Statement Generator)' & 'Financial Statement Generator (XML Report Publisher)' ,Data of the same '& Ledger Name'、'&Predefined FSG Report'、'&Period' could be outputed successfully. And the template of 'FSG: Basic Template' was chosen since Balance Sheet Export couldn't be selected in ''Financial Statement Generator (XML Report Publisher)'.
The questions are,
1、How the error ''100:ORA-01403: no data found'' happened?
2、Why is the two value set of 'Template' different?
3、What't the mean by 'Destination File Name'?
Many Thanks,
JingSubmit 'Financial Statement Export' with the parameter as following:
Ledger Name:& Ledger Name
Report: &Predefined FSG Report
Period: &Period
Rounding Option:Calculate Then Round
Segment Override: Null
Accounting Date:&Date
Template:Balance Sheet Export
Template Locale:Null
Destination File Name:Q_ZCFZB.TXT
The error message is '100:ORA-01403: no data found'.
However, through 'NS2011 (Financial Statement Generator)' & 'Financial Statement Generator (XML Report Publisher)' ,Data of the same '& Ledger Name'、'&Predefined FSG Report'、'&Period' could be outputed successfully. And the template of 'FSG: Basic Template' was chosen since Balance Sheet Export couldn't be selected in ''Financial Statement Generator (XML Report Publisher)'.
The questions are,
1、How the error ''100:ORA-01403: no data found'' happened?
2、Why is the two value set of 'Template' different?
3、What't the mean by 'Destination File Name'?
Many Thanks,
Jing -
How to build a Financial Statement ( Profit and Loss / Balance Sheet) ?
Do we have any custom reports available? Or First I have to build a FSVersion and then place that FSV in the standard report?
Please give me the full path in the SPRO.
Appreciated.Hi Yedi Viladin ,
Transaction Code - OB58
SPRO> FINANCIAL ACCOUNTING>GENERAL LEDGER ACCOUNTING> BUSINESS TRANSACTION> CLOSING>DOCUMENT>dEFINE FINANCIAL STATMENT VERSIONS.
These Custom reports are available in SAP
Specify Financial Statement Version for Asset Reports Asset Accounting
Specify Financial Statement Version for Asset Reports Asset Accounting
Specify Financial Statement Version for Asset Reports Asset Accounting (Lean Implementation)
Build and Transport Financial Statement Version for the Group Consolidation
Copy Item Hierarchies from Financial Statement Version Consolidation
Financial Statement Items Consolidation
Tools: Cons Chart, Group Chart, Financial Statement Version Consolidation
Define Financial Statement Versions General Ledger Accounting
Define Financial Statement Versions General Ledger Accounting (New)
Define Financial Statement Versions General Ledger Accounting (New)
Enter Accounts in Financial Statement Version Local Currency Changeover
Build a Financial Statement Version for the Group Preparations for Consolidation
Financial Statements Russia
Financial Statements Russia
May be this information is useful to you
If you have any doubt feel free to ask
Regards
Surya -
Retained Earnings Statement (Financial Statement Version) Issues
1. If I post any thing, will it update Retained earnings account automatically or can I create any formula?
2. The requirement is  how the Retained Earnings Beginning of year will update from P&L statement?
3. How the Retained Earnings P+L result will update
Note: If you tell the solutions for 2 & 3, then my problem will get resolved
Regards
Sap GuruHi,
At the year end, whenever the balance carryforward is done, it will set the Retained Earnings G/L to the net balance of all Profit and Loss G/L Accounts for the fiscal year. Thereby when the new year is opened all the P&L G/L Accounts will have zero balance, while the Retained Earning will show the balance carried forward as the net value.
So, as and when the balance carryforward is done, the retained earnings get updated. Also, once you have done the balance carryforward to any financial year, even if you post again in the previous year, the retained earnings will keep getting updated automatically without executing the balance carryforward again for the same fiscal year.
Ramanand -
Retained Earnings Roll Forward (GAAP vs. STAT)
Does anyone have any suggestions on how to set Closing Rules, so that you are able to run separate Retained Earnings roll forward, one for GAAP entries, and the other for Statutory Adjustments, with the Book Code field being your point to differentiate?
I have set a chartfield rule in our Clossing rules to capture only Book Code entries for GAAP, but when running the RE Roll Forward in testing, both the GAAP and Stat entries are being captured in the Roll Forward.
Appreciate if anyone has any suggestions on how you have approached completing separate Roll Forwards for GAAP vs. Stat.
Thanks.We don't roll it into retained earnings. In fact, you cannot roll a balance sheet account into retained earnings. We just report that account in the same financial statement node as the retained earnings account is in.
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Hi Guru,
We are trying to create in parallel two Financial Statement (Tcode: FSE2) with a specific part in common.
Can I create the common part only in one Financial Statement and in a second time can I copy only a node block in the other one?
It seems to be not possibile.
Is it true?
Let me know
Thanks a lot
StefanoIt is a good requirement Sir! Unfortunately, it is not possible to assign a node from one FSV into the structure of another FSV. You will have to have the node in both FSVs.
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Special Item Net Profit & Net Loss in Financial statement version
I have two queries related to the financial statement version special items of Net Result Profit & Net Result Loss. The SAP help says that "The financial statement profit or loss is determined from only those accounts assigned to assets or liabilities".
Does this mean that the difference of Assets & liabilities comes under either of these items or the amount is derived from the P&L result, please clarify. As per my understanding that we do not assign any accounts to these two nodes & the system determines the figure from assets & liabilities accounts.
Secondly where do we assign the retained earning account, in the liabilities node or in the P&L node.
ThanksHello,
For your first question, yes your understanding is correct. The difference of the items assigned to the Assets and Liabilities will come under the Net Result Profit or Net Result Loss, as the case may be.
For your second question, the retained earnings should be assigned to the Liabilities node.
Ideally, when you assign the retained earnings to the Liability node, the Net result Profit or Loss should become "zero" assuming that you had assigned all the GL accounts from your trial balance to the correct nodes in the Financial Statement Version.
Regards,
Mike -
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,
SeanHi Sean,
You may check this thread for an alternative;
Re: Database Consolidation
Thanks,
Gordon -
Runtime Error while creating FINANCIAL STATEMENT VERSION
Hi Experts,
The major concern of the problem is related with the new creation of FINANCIAL STATEMENT VERSION.
(SPRO --> IMG --> Financial Accounting --> General Ledger Accounting --> Business Transactinons --> Closing > Document> Define Financial Statement Versions.)
My quries is that is it possiable to maintain more then one FSV for the same company code or for same chart of account.
If yes then we are trying to do it . But the problem reflect, be the indication that we can`t maintain more then one code.
Its giving an runtime error
Runtime Errors SAPSQL_ARRAY_INSERT_DUPREC
Except. CX_SY_OPEN_SQL_DB
Date and Time 15.03.2008 18:36:04
Short text
The ABAP/4 Open SQL array insert results in duplicate database records.
What happened?
Error in the ABAP Application Program
The current ABAP program "SAPLFAGL_FSV" had to be terminated because it has
come across a statement that unfortunately cannot be executed.
Error analysis
An exception occurred that is explained in detail below.
The exception, which is assigned to class 'CX_SY_OPEN_SQL_DB', was not caught
in
procedure "FSV_TEXTS_CONVERT" "(FORM)", nor was it propagated by a RAISING
clause.
Since the caller of the procedure could not have anticipated that the
exception would occur, the current program is terminated.
The reason for the exception is:
If you use an ABAP/4 Open SQL array insert to insert a record in
the database and that record already exists with the same key,
this results in a termination.
(With an ABAP/4 Open SQL single record insert in the same error
situation, processing does not terminate, but SY-SUBRC is set to 4.)
We are trying Its giving an abap dump
Rest the technicall aspect that is comming in ABAP Dump i am not
getting.....so pls inquire according to yourself.
Kind Regards,
SudhanshuHello
Logically speaking, a company code can have more than one FSV as long as they share the same chart of accounts.
When COA is common, the FSV pattern can be designed seperatly to serve the purpose of varied reporting.
The dump you are getting is a temporary snag. Take a screen shot from SM54 after you execute the report and pass it to BASIS for analysis. They would fix that.
Reg
assign points if useful -
Company Code restriction at Financial statement Version
Hi All,
We have a requirement from business for company code creation, and all elements will be same as existing company code like CHOA, FSV, PPV,FYV,CO Area etc, however my client create this company code fro recalculation of Accural amount, so they want that whatever the document posted should not be reflect to company's corporate books means financial statemen. As iam very new iin this requirement, so request you to kindly suggest that is it possible in SAP. IF yes then how do we restrict company code at Financial statement version.
Thank you for your support in advance.
Regards,
JamunaHi Gaurav,
Thanks for your response, it would be great if you can detailing the same, how do we exclude this field, do i need to take any ABAPER help, and also if this field get excluded, so will business be able to execute this report at company code level by selecting another company code associated with respective COA.
Thanks,
Jamuna -
Graduated method in financial statement version
Hi,
Can anyone explain me what is graduated total method in financial statement version creation in simple words.
Thanks
MonaHi Ravi,
This document contains all the stuff that is there in certification material. I am looking for explanation for graduated method in simple terms, can anyone explain in brief.
Thanks
Monak -
Re: Financial statement versions
Dear Experts,
In FSE2 i created few more Create Items few under object name and saved but when i am saving the after Creating Items the system is telling a message of...
Financial statement version ABC saved; see long text
Message no. FE713
Procedure
Changes in the financial statement version affect planning as well as the forms generated from it. You may have to repeat both planning and the creation of the forms.
can anybody tellme what does it mean and is there anything i need to do changes. If anybody face the same problem give me your inputs.
Thanks in advance,
KK.Hi KK,
Regarding your problem is just a message its not a warning message as far as the message is displayed for you just in green colour.
regards,
GR.
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