The basis for entering, posting, and analyzing amounts and quantities in consolidation.

The financial statement item is the central account assignment object in consolidation. It is equivalent to an "account" in general ledger accounting.

A financial statement item is valid only for the consolidation chart of accounts in which it was created.

A financial statement item cannot only be used for accounting-related amounts or quantities in the balance sheet or the income statement, but can also be used to post statistical amounts and key figures/ratios.

A financial statement item has the following properties:

• Item type

• Balance sheet
• Income statement
• Statistical: Balance
• Statistical: Flow