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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Financial statement version in fs00 how do i change the lanugage to english

Hi Experts
I am currently asked to train a beginners course AC010 for FI. Below is one of the tasks i have to take the students through.Please look at F is where my question is??
Enter the new G/L account 700## in the financial statement version INT so that it
appears as the correct balance sheet item when the balance sheet is run.
1. The new account has to be entered in financial statement version INT. Enter
it in the same financial statement item as reference account 70 000.
a) If you have exited the previous screen, choose Accountingu2192Financial
Accounting u2192 General Ledger u2192 Master Records u2192 G/L Accounts u2192
Individual Processing u2192 In Company Code.
Fill in the following data.
Field Name Value
G/L account 700##
Company Code 1000
b) Choose Change.
Continued on next page
68 © 2006 SAP AG. All rights reserved. 2006/Q2
AC010 Lesson: G/L Master Records
c) Choose Edit Financial Statement Version.
d) Enter the following in the Select Financial Statement Version dialog
box.
Field Name Value
Financial statement version INT
e) Click Choose.
If you did remain in the screen from the previous exercise, the financial
statement should be automatically expanded to show you where the
reference account, 70 000, is located in the financial statement version.
If you have to call up the screen again, the financial statement version
does not automatically open at account 70 000. In this case, execute
the following step.
f) Drill down to the Liabilities u2192 Equity Capital u2192 Subscribed Capital
balance sheet item by clicking the folder icon in front of the balance
sheet item.(ALL these are displayed in another language how do i change to english??????????????????????????????????????????)
g) Select Subscribed Capital and choose Assign Accounts at the top of the
screen. Insert in the line From acct. To acct. the interval 700## to
700##. Select D & C (for debit and credit balance). If you do not see a
free row where you can enter your account, use the Next Page icon at
the bottom right of the dialogue box to insert an empty row. Do not type
over an existing account, as you will replace it with your account!
h) Choose Continue (Enter).
i) Choose Save.

Hello,
If you want to change the GL account language, then FS00 check last tabs.
If you want to change FSV language, then copy the FSV to another language in OB58
Regards,
Ravi

Cash Flow - Change the Financial Statement version

HI, We are trying to run the standard Cash Flow Report from the system using the T Code S_ALR_87012271. However, when we run the report, the report says no records selected. My concern is that it is referring to the standard financial statement version whereas we have our own defined version of the financial statement.
How could I make the Cash Flow report refer to the Financial Statement version used by us and also is there anything else to be checked in this regard?
Would be grateful for the help.
Regards,
Thanks.

Dear,
It is not possible to reverse the customization done and saved in the system.
You need to remove all the customization again and set as previous one and save it in TR. For reference you can check FSV in Production Client that what changes you have done in DEV.
Regards,
JA

Financial Statements

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

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.

Financial Statement Versions and languages

Hi
I want to clean up our current lots of financial statement versions.
And create new ones, to be used across our companies, so one for IFRS to be used within several company codes in different countries.
I see that there is a language field in the Financial Statement Version, which makes it not flexible for the language. In that case I have to have multiple Financial Statement Versions with the same structure just due to a language issue. And maintain them seperately. Or is there a solution available ?
I would like to have one IFRS Financial Statement Version, readable in either English, German, Dutch or French.
Any suggestions ?
Kind regards,
JeVe

The financial statement long text would need to be translated in different languages through SE63-Translation-ABAP objects-Other Long texts-FI Balance sheet
Thanks and regards
Kedar

FI-CO Financial Statement FSV vs. Accounting Groups?

Hi Experts,
I have a BW reporting to build financial statement reports, which is the best input structure for BW among Financial Statements Version (FSV) and Accounting Groups.
Thanks in advance,
Roger Andy

Hi Srikanth,
Please confirm me whether I understood correctly or not
1. In ECC all standard reports (SLR_*) uses FSV as input.
2. In general each company code will have its own FSV, but I am little confused about the statement "you can have many FSVs per GL accounts", can you please clarify this.
3. What is exactly "FSV's can be GAAP specific" means
4. Please confirm both FSV and Accounting Groups are in sync or not.
Please confirm the above points.
Thanks,
Andy Roger

PCA Financial Statement (Profit/Loss Account and Balance Sheet)

Hi Experts,
I have the following question on preparing PCA Financial Statement (Profit/Loss Account and Balance Sheet), ECC6.0, with document splitting features.
Let say I started my business with the following GL accounts:
Bank A, USD6,000
Bank B, USD4,000
Capital, USD10,000
My company does have 2 departments (cost centers), and the above Balance Sheet GLs, cannot be identified / separated in the cost centers level. My cost centers to profit centers is one-to-one, which are cost center A = profit center A, and cost center B = profit center B
I have Sales to customer of USD12,000, and Receipts from customer is USD7,000 at Bank B, therefore (customer balance is USD5,000).
I have also expenses:
Expense A: USD1,000 (cost center A)
Expense B: USD800 (cost center B)
Double entry for expense is Dr Expense, Credit Vendor.
I paid 50% of each of the expenses using Bank A, which are: expense A, paid: USD500; expense B, paid: USD400
My Financial statement without profit center should be as follows:
P/L Account:
Sales, USD12,000
Expenses, USD1,800
Profit: USD10200
Balance Sheet:
Bank A: USD5,100
Bank B: USD11,000
Customer: USD5,000
Vendor: USD900
Profit: USD10,200
Capital: USD10,000
Question:
How can I report the above financial statement into PCA level, which are Profit center A and Profit center B?
Note: I can't hardly separate Bank account, Sales (revenue) into Profit center level (Assuming I am only using FICO module, No SD/MM Module).
I can't use FAGL3KEH to differentiate the Bank Account.
During data entry for revenue, I can't have valid reason the revenue belongs to which profit center.
Kindly advise on is there any way (with logical reason) to make financial statement into profit center level.
THANKS IN ADVANCE.
Sbmel.

Basically You/Business need to Identify the need for Profit center wise Balancesheet is required or not? If Balance sheet at Profit center level is required then whether they have to decide whether can seggeregate every account balance to a profit center is possible or not? In other words on a cut over date you should have a Profit center wise Trail balance in place. Once it is in place rest all is possible.
What I can understand from your question is how to identify Gl balances against profit centers foor balance sheet Items. If it is not possible then you can create a corporate profit center and post all transactions to that profit center.
When comes to cash / Bank/Customer/vendor balances the system Identifies the item belongs to whihc profit center and in case cross profit cneter transactions are involved the system uses the "ZERO BALANCE CLEARING" account as an intermediate account for posting the data. By this one profit center will be Dr. and other will be in Cr as far as ZERO BALANCE ACCOUNT" is concerned and at company code level this GL balance is always ZERO.

Financial Statement - FGI3 for fund balance reporting from FMGLFLEXT

Hi Guys,
We are on ECC 6.0 with PSM and new GL turned on. The issue is that my users want to see the same financial statement as they saw in classic GL with their R/3.
SAP has a fund balance report or otherwise the financial statements for public sector with its ISPS components like fund and grants from FMGLFLEXT, which is the totals table.
To arrive at the financial statements, we have a report group which can be run from FGI3 and it pulls values out of FMGLFLEXT and SAP's standard combination for slicing on the report feature are
1. account number
2. FS item/account description (the further click on this account name gives you account number)
3. Funds and
4. possible account assignments from FM like grants or business area depending on your active components.
Is there a standard display, wherein, it gives a FS Item/Acct number/account name like the standard reporting feature in classic GL. It makes it so easy to read the financial statements. Since they being a report painter/writer reports, we can tweek them to get the desired output but shouldnt it be the standard feature of SAP to provide that.
I was curious to know, if SAP delivers that reporting feature and i am not able to spot it or is it that we have to change it.
It will be very helpful, we are going live in a very short time.
Thanks

Hello
Business area balance sheet extracts are not legally or statutorily complete because there are certain GL account balances like, reserves, equity, some unsecured loans which are difficult to be assigned to a specific business area.
Ideally, business area analysis is restricted to profitablity and an overview of assets & liabilities specific to BA.
So your requirement is tough and even if you shift to PCA, these issues still arise.
Since they are internal to the client, better look for workaround solutions.
Reg
Suresh

Financial Statement: Plan/Actual Comparison (EhP3)

Hi,
I need to use the report Financial Statement: Plan/Actual Comparison (0FIGL_M30_Q0002).As i check in SAP Help, shows the report for this data source (0FI_GL_50) which is not availabe in ECC6.HELP.SAP shows the data for this report is extracted from 'FAGLFLEXP' table.To extract this data source SAP ask to implement package3.I would like to know how to extract data from the table without upgrading package3 or any other ways to implement this report.please specify the steps how to get the data source into BW.
Tq.

Hi
these reports are available in BW from EhP3 onwards... You need to implement the EhP3 package and you get lot many good reports in Finance....
When there is a std solution from SAP, I wont recommend to do any other development in this regard
BR, Ajay M

Financial statement version : unassigned accounts

Hi all,
I have a problem with Financial Statement display and I couldnt figure it out. I have assigned all the accounts in Financial statement version and its working fine in traditional F.01 financial statement report .i.e. all the accounts are displaying their balances under the groups as defined in Financial statement version but when I run the new Financial statement report (S_PL0_86000028 - Financial Statement: Actual/Actual Comparison) using the same Financial statement version, it is showing all the P&L accounts in unassigned section instead of showing under the groups as in F.01.
Can any body help me with that.
Thanks
MKR

Hi,
check again
Go to TC OB58 and select relevant financial statement version.
select financial statement items select expand subtree button
In MENU select Structure - check -
in that select non assigned gl accounts and fill required like chart of accounts and company code
ENter
Now u can view non assigned accounts
Hope u r doubt clear, assin points
Regards
Ram

Financial Statement report (Tr. F.01) by item hierarchy

Hi,
I have created hierarchy items in the financial statement version via tr. FSE2.
Can I run the financial statement report for such a hierarchy item?
Or is it only possible to select the G/L accounts of that hierarchy and create a variant for the Financial statement report?
Thank you for your reply.
Kind regards,
Linda

Hi,
In FI, it is not possible to run the report for your hierarchy note.
You need to run the report for the whole Financial Statement Version (FSV).
However, you can create the same for a node in Profit Center Accounting.
Before that you must make sure that you have copied the FSV to Profit Center Accounting.
You can use KE5B for this purpose.
Please let me know if you have further doubts.
Regards,
Ravi

Financial statement- Balance sheet accounts

Hi friends,
In our SAP system there are some interim asset acquisition accounts added to balance sheet which should not have been there. I removed them by editing the account-> financial statement version. But still the same accounts are displayed in unassigned accounts section of the balance sheet.
Please suggest me how can I remove them from the financial statement forever.
Thanks
Ramana

Hi Srikant,
Thanks for your response, we can exclude those accounts and save as a variant. But I am wondering if there is a way by which we can eliminate them from the structure.
Thanks again, Points assigned.
Ramana

Financial statement version INT does not exist

Hello Friends,
I hope someone can help me figure this out and I've read discussions similar, just not exactly what I'm looking for. When I run the following reports:
S_ALR_87012271
S_ALR_87012272
S_ALR_87012273
I receive the following error message:
Financial statement version INT does not exist
When I first received this message, I went to T-Code OB58 and entered the "INT" Financial Statement Version here. I've also created a chart of accounts with INT values as well. Can someone help me out on how to eliminate this error and set up cash flow? If you have done this already, please do reply. If not, then please allow those with more experience to help.
Thanks so much!
John

John,
You can define FSVs for a specific chart of accounts, for a group chart of accounts, or without any specific assignment.
In your case, double-check whether you are running the report for the same CoA assignment that you have defined your FSV for in the first place.
As somebody's mentioned earlier, these reports are made using Report Painter (GRR1 / 2 / 3, etc.). Seems FSV = INT has been fixed in these reports for your system. You'll have to edit these reports (using GRR2) and the correct FSV.
Regards
Gulshan

Creating Financial Statement Version

In configuration document "102 External Financial Accounting Basics" says I should copy from the standard version BAUS the new FSV.
My problem is that in my system somebody deleted the BAUS financial statement version.
Does anyone knows where can I find it or other I can use with Chart of Accounts: CANA
Thank you,
Carlos

Hi,
Go to SE38 transaction > Program RSCICO02 and execute.
And install the country version for US from here. The standard Customizing settings required for the country versions are supplied in client 000. which will then get copied to your client.
Regards,
Gaurav

The best tool to prepare the IFRS financial statements

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