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

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Consolidated Financial Statement

Hi,
pls give ur ideas for this scenario
Eg.....Company (A) needs to prepare consolidation financial statement for its group. It has two wholly owned subsidiary companies (B) and (C). Therefore no need of minority interest calculation. It is enough to add line by line BS and P&L account.
Company (A) follows SAP.
Company (B) & (C) are not in SAP.
pls share ur views.....
Atleast tell whether it is possible or not....

Hi,
Go to F.01 transaction and provide required field information like FSV Code, COA & Co. Codes you want to consolidate and execute the transaction.
You can execute this transaction for each company code seperately.
Sarma Bhamidipati

The best tool to prepare the IFRS financial statements

has anybody implemented IFRS compliant consolidated financial statements using BPC rather than BCS? what was the decisive factor to move to BPC and not to implemement the BCS? i've been trying to get my hands around a consolidation package, but short of this [Note 1171344|https://websmp230.sap-ag.de/sap/bc/bsp/spn/sapnotes/index2.htm?numm=1171344] the official strategy seems to be pointing to BPC.

closing due to lack of responses

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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

Financial statement consolidation

Hi,
Is there a sap standard report for financial statement consolidation for the following format (that would show the head office and subsidiaries in the column)?
                                   HO             Subsidiary1            Subsidiary2               Total
Asset
xxx                           xx                    xx                            xx                        xxx
xxx                           xx                    xx                            xx                        xxx
Liabilities
xxx                           xx                    xx                            xx                        xxx
xxx                           xx                    xx                            xx                        xxx
Equity
xxx                           xx                    xx                            xx                        xxx
xxx                           xx                    xx                            xx                        xxx
And are there also sap standard report for notes to financial statements schedules like Cash, Inventories, COS, Gen and admin exp, etc.
Thanks and regards,
David

HI Manohar
there is separate concept called ECCS. Enterprise Controlling and Consollidation System, u have to go through that configuration. U can not Consolidate just with Group Chart of Account as Fiscal Year is different.
Satish

Financial statements to comply with IFRS and US GAAP.

Hi everyone,
We need to start reporting our external financial statements to comply with IFRS and US GAAP.
There are some primary differences in the 2 accounting principles relates to PPE (Fixed Assets/Capital Expenditure) and therefore multiple/different valuations of the assets, they need to be provided for.
Do you know how we can comply with both the IFRS and US GAAP reporting requirements in general using the tools in SAP ?
Thanks in advance and best regards.
Dago

Hi,
A few tips: Asset Area 1 should be mapped to IFRS and linked to leading ledger. Area 20 is mapped to GAAP and liked to non-leading ledger. Area 1 should be 100% depreciated to capital expenditure in the very first depreciation run, which will allow you to report capital expenditure at the end of the month. Area 20 is for depreciation over the life (the regular GAAP stuff).
Regards,
Ming
Edited by: Minghong Ji on Jun 15, 2011 6:48 PM

Consolidation of Financial statement

Dear All,
Consolidation of Financial statement
I would like to consolidate financial statement for the few company codes (5 company codes) and they are assigned to different companies in the same client.
All have different fiscal year. And controlling area also different for those five companies, but all uses same Chart of account.
There are around 20 companies which uses the same chart of account in the same client. In total 25 companies uses same COA.
 How do I do the consolidation? Is it by creating the Group COA, if create the Group COA and assign the operational COA then it will create problem for the existing (If this is done, the field u201Dgroup account numberu201D in the chart of account segments of the operational charts of accounts becomes a required entry field., I think it will effect the other 20 companies).
Can any one instruct me how I can go ahead with Consolidation GL accounts?
Thanks and Regards
M.Manohar

HI Manohar
there is separate concept called ECCS. Enterprise Controlling and Consollidation System, u have to go through that configuration. U can not Consolidate just with Group Chart of Account as Fiscal Year is different.
Satish

Consolidation of Financial Statements

Hi
Can anyone tell me the config requirements for consolidation of Financial statements.
Client requirement currently things are maintained in excel.
Regards
Aravind

Hi,
Here you go with the configuration settings.
1 General Specifications
2 Import Customizing Settings from the Consolidation System
3 Scope of Consolidation and Data Transfer
4 Determine the Scope of Consolidation
5 Periodic Extract from the Consolidation Staging Ledger
6 Maintain Currency of the Consolidation Staging Ledger
7 Define and Assign Logical File Name
8 Set Up Periodic Extract
9 Set up Rollups from User-Defined Ledger
10G/L and FS Charts of Accounts
11 For Periodic Extracts from FI Financial Accounting
12 Build a Financial Statement Version for the Group
13 For Rollups
14 Enter Group Chart of Accounts in the Chart of Accounts List
15 Assign Account Groups to Group Chart of Accounts
16 Assign Group Chart of Accts to (Transaction) Chart of Accts
17 Automatically Assign Group Accounts to (Operational) Accts
18 Manually Assign Group Accounts to (Operational) Accounts
19 Transaction Types
20 Maintain Transaction Types for Consolidation
21 Assign Asset Transaction Types
22 Set Transaction Types as Required Entry
23 Define Validation for Account/Transaction Type
24 Company Consolidation
25 Master Data Assignments
26 Insert Company into Customer Master Record
27Insert Company into Vendor Master Record
28 Insert Company into G/L Account Master Record
29 Maintain Document Types for Transaction Processing
30Currency Translation
31 Set Parallel Currencies in FI Financial Accounting
32 Parallel Currencies in FI-AA Asset Accounting
33 Set Chart of Depreciation
34 Check Use of "Parallel Currencies"
35 Check the Currency for Depreciation Area
36 Set up Parallel Currencies in MM Materials Management
37 Parallel Valuations: Local/Corporate
38 Asset Accounting: Depreciation Areas
39 Set Chart of Depreciation
40 Maintain Depreciation Area
41 Check Account Assignments
42 Investment Management: Capitalization
43 Maintain Capitalization Key
44 Assign Capitalization Percentage Rates
45 Controlling: Check Account Assignments
46 Business Area Consolidation
47 Activate Business Area Balance Sheets
48 Assign Company/Cons.Business Area to Consolidation Unit
Financial Accounting
49 Maintain Field Status Groups for G/L Accounts
50 Specify Accounts for Subsequent Adjustment
51 Maintain Document Types for Subsequent Debiting of BAs
52 Asset Accounting: Assign Business Areas
Controlling
1 Define Account Determination for Reconciliation Entries
2 Maintain Document Types
Materials Management
1 Identify Companies Within the Same Client
2 Assign Division/Valuation Area to Business Area
3 Maintain Field Selection Group for Division
4 Specify FI Account for Price Differences
5 Maintain CO Assignments for Price Differences
Sales and Distribution
1 Identify Companies Within the Same Client
2 Assign Rules per Sales Area
3 Assign Business Area per Plant and Division
4 Assign Business Area per Sales Area
Tools for Creating the Initial Data Set
1 Transfer Data within R/3
2 Make Manual Entries in Consolidation Staging Ledger
3 Database Reconciliation
1 Reconcile General Ledger with Consolidation Staging Ledger
4 Transaction Data
1 Delete Transaction Data from Periodic Extracts
Asssign points if I had been of help to you.
Rgds
manish

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Dear Mr. Nagrajan,
Thank you for your response. I have already gone through documents but not able to understand. Is there any setup for this ? or its just work around i.e. using template and special field in JV i.e. Ref. 1 /2
My doubts :
I understand that Chart of Account structure is one and common for IFRS and other accounting method. We need to create only those account separately ( 2 times with prefix like IFRS revenue account, GAAP Revenue account).
Now at time of entry, Assume some entries / adjustment are specifically for IFRS and not for other ledger. In this case, What need to do ?
You have mentioned about DTW approach but do we need to insert all JV's again with other ledger ?
Someone suggested that if any entry which are specific to IFRS Ledger, We need to user Ref.1 /2 column or Transcation code column and in which we can put IFRS
Based on this, Need to create 2 seperate template for IFRS and other ledger for all report.
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Please do needful.If you have done implemenation and if you can share doucment, it would be great help.
Email :[email protected]

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We have non R/3 companies and we need to make a consolidated balance for them, so we were forced to create the 0GLACCEXT hierarchy manually instead of using data source 0GLACCEXT_T011_HIER in order to create their financial statements.
Depending on whether the balance of the financial statement items is positive or negative, the item must be placed on the assets or liabilities side of the financial statement.
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Hi Friends,
How to consolidate the financial statements for 3 company codes, assigned to 3 different companies, 3 different fiscal years, 3 different controlling areas and all the 3 Company Codes assigned to same chart of accounts in the same client?
Can we need any ABAP program for this (or) Is it possible using Report Painter?
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Thanks

Hi friend,
Is it a real-time situation or something you are visualising ?
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I hope the above would be helpful to you.
Regards,

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Hi,
I need a financial statement version list by the group account number. I thinking of creating a chart group of account and assign it in the operational chart of account. Then, I thinking of enter the group account number in the master account data ' field group account number' and finally create a statement version with the option flag 'group account number'. As I was reading this functionality is possible, but I want to confirm with someone. It is important to mention that I won't use consolidation, only I want to report a financial statement with the group chart of account.
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I want to clean up our current lots of financial statement versions.
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Hi Prem,
We have already assigned all the co-codes to only 1 COA.
However, we did not create any Group COA and has no intention to.
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As you are aware in the Financial Statement, we are able to maintain for GL accounts to be reported under Assets by specifying the DR indicator and for the same accounts to be reported under Liabilities by specifying the CR Indicator.
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Dear all,
we try to create an own data entry functionality in SAPNetweaver for our BCS Data.
Therefore we need to implement a coding vor a validation (IP-coding). Do you know in which table we get the link between the financial statement item and the break-down category?
The customizing phath is
TA UCWB > Master Data > Items > Item (select item) > Field Breakdown Category (field name: ITGRP).
We need the tecnical link (table/structure) so that we can create a validation based on the financial statement and the breakdown category).
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The tables themselves are generated objects that are structured based on how you've defined your master data (custom attributes, etc).
You can probably find them through table UGMD2011 and entering the fieldname of your FS Item (I think the delivered item is /1FB/CS_ITEM).
The following snippet is from a function module I wrote to check movement type restrictions (min/max selection set) might be useful. I've previously created a custom task for posting custom documents (that could not be defined with standard reclassifications or IU eliminations).
I've never worked with the portal, but presumably you can create an RFC interface and replicate the selections which normally come from the cons monitor (Cons Area, GC, FYV, Period, Year, Cons Chart, + and additional fields fixed in the cons area) on a portal page and inherit them that way. I actually thought about creating an Excel workbook that would send postings directly into BCS...just never got the time, and it was never a "requirement" as the volume of manually entries has been pretty low (or, at least always planned to be low)
CONSTANTS:
c_area            TYPE uc_area      VALUE 'US',              " Consolidation Area
c_chart           type uc_value     value 'US',              " Chart of Accounts
c_item_fieldname TYPE uc_fieldname VALUE '/1FB/CS_ITEM',    " FS Item Fieldname
c_chart_fieldname TYPE uc_fieldname VALUE '/1FB/CS_CHART',   " Chart of Accounts Fieldname
c_mt_fieldname    TYPE uc_fieldname VALUE '/1FB/MOVE_TYPE'. " Movement Type Fieldname
TYPES:
" Item attributes required from BCS databasis
BEGIN OF s_item,
    /1fb/cs_chart TYPE /bi0/oics_chart,
    /1fb/cs_item TYPE /bi0/oics_item,
    txtmi TYPE uc_txtmi,
    itgrp TYPE uc_itgrp,
    itgrp_max_set TYPE uc_itgrp_max_set,
END OF s_item,
t_item TYPE HASHED TABLE OF s_item WITH UNIQUE KEY /1fb/cs_chart /bic/bcs_litem,
" Breakdown Category attributes required from BCS databasis
BEGIN OF s_itgrp,
    itgrp TYPE uc_itgrp,
    selid_max TYPE uc_selid,
    txtmi TYPE uc_txtmi,
END OF s_itgrp,
t_itgrp TYPE HASHED TABLE OF s_itgrp WITH UNIQUE KEY itgrp,
" Movement Type and Description
BEGIN OF s_mt_txt,
    move_type TYPE /bi0/oimove_type,
    txtsh TYPE uc_txtsh,
END OF s_mt_txt,
t_mt_txt TYPE HASHED TABLE OF s_mt_txt WITH UNIQUE KEY move_type.
DATA:
" BCS Interfaces
do_factory        TYPE REF TO if_ug_md_factory,
do_char           TYPE REF TO if_ug_md_char,
do_value          TYPE REF TO if_ug_md_char_value,
do_area           TYPE REF TO if_uc_area,
do_model          TYPE REF TO if_uc_model,
do_context        TYPE REF TO if_uc_context,
do_char_itgrp     TYPE REF TO if_ug_md_char,
lt_field_val      TYPE ugmd_ts_field_val,
ls_field_val      TYPE ugmd_s_field_val,
lt_value          TYPE uc0_ts_value,
ls_value          TYPE uc0_s_value,
lt_itgrp          TYPE t_itgrp,
ls_itgrp          TYPE s_itgrp,
" Lookup tables
lt_sel            TYPE ugmd_ts_sel,
ls_sel            TYPE ugmd_s_sel,
lt_fieldname      TYPE ugmd_ts_fieldname,
ls_fieldname      TYPE fieldname,
ls_item           TYPE s_item,
ls_item2          TYPE s_item,
lt_item           TYPE t_item,
lt_mt_txt         TYPE t_mt_txt,
ls_mt_txt         TYPE s_mt_txt,
l_tabname         TYPE tabname,
l_itgrp           TYPE uc_itgrp,
" Output tables
lt_lookup_bdc     TYPE STANDARD TABLE OF zsbcs_movement_type_lookup_bdc,
lt_lookup         TYPE STANDARD TABLE OF zsbcs_movement_type_lookup,
ls_lookup_bdc     TYPE zsbcs_movement_type_lookup_bdc,
ls_lookup         TYPE zsbcs_movement_type_lookup.
" Initialize BCS interfaces
IF do_area IS INITIAL.
    CALL METHOD cl_uc_area=>if_uc_area~get_area_instance
      EXPORTING
        i_area = c_area
      IMPORTING
        eo_area = do_area.
ENDIF.
IF do_model IS INITIAL.
    CALL METHOD do_area->get_model
      IMPORTING
        eo_model = do_model.
ENDIF.
IF do_factory IS NOT BOUND.
    CALL METHOD cl_uc_area=>if_uc_area~get_md_factory
      EXPORTING
        i_area        = c_area
      IMPORTING
        eo_md_factory = do_factory.
ENDIF.
" Create reference to FS Item characteristic
do_char = do_factory->get_char_instance(
      i_fieldname = c_item_fieldname ).
" Define restrictions on FS Item for reading values
" Always filter on chart of accounts
ls_sel-fieldname = c_chart_fieldname.
ls_sel-sign      = uc00_cs_ra-sign_i.
ls_sel-option    = uc00_cs_ra-option_eq.
ls_sel-low       = c_chart.
INSERT ls_sel INTO TABLE lt_sel.
" filter on FS Item if provided as input parameter
IF NOT i_item IS INITIAL.
    ls_sel-fieldname = c_item_fieldname.
    ls_sel-sign      = uc00_cs_ra-sign_i.
    ls_sel-option    = uc00_cs_ra-option_eq.
    ls_sel-low       = i_item.
    INSERT ls_sel INTO TABLE lt_sel.
ENDIF.
" Get FS Item values
CALL METHOD do_char->read_value
    EXPORTING
      it_sel   = lt_sel
    IMPORTING
      et_value = lt_item.
" Exit if invalid item was passed as parameter
if lines( lt_item ) = 0.
    raise no_data.
endif.
" Additional logic for next finding ITGRP details, etc.........
Would recommend debugging these two methods to get an idea of what BCS is doing:
cl_uc_tx_data_change->if_uc_tx_data_change~analyze_and_add_data
cl_uc_tx_data_change->save_data
Anyway, hope that helps. It took me a lot of debugging to figure out exactly which objects were being used by the posting process, getting the refresh right (delete/reverse existing documents based on special version customizing), etc. I wouldn't recommend slamming them into the cube and ODS directly with a RSDRI_CUBE_WRITE_PACKAGE or anything...
- Chris

IFRS Consolidated Financial Statement

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