Special Financial Statement Items

Definition

Items in a financial statement version that have a special meaning in the financial statements and in reporting.

Use

If you want to create a new financial statement version, the system automatically creates a separate item in the structure for the following special items:

  • Assets

  • Liabilities

  • Net result: Profit

    The balance calculated for the financial statement result is displayed here if it is positive.

  • Net result: Loss

    The balance calculated for the financial statement result is displayed here if it is negative.

  • Calculated profit/loss

    The balance of all accounts that can be assigned to an item but that are not found under Assets, Liabilities , Financial Statement Notes, or Not Assigned .

  • Financial statement notes

  • Not assigned

    Here the system displays all accounts that cannot be assigned to a particular item.

The balance sheet net result and the P&L statement result are calculated by the program that creates the financial statements. This program also lists, under the item Not assigned , those accounts that could not be assigned to an item in the financial statement version.

The financial statement profit or loss is determined from only those accounts assigned to assets or liabilities . The accounts for the items Financial Statement Notes or Not Assigned are not considered either in the calculation of the retained earnings/net loss or for the P&L result. The balance of all the other accounts produces the P&L statement result.

The program that creates the financial statement does not carry out any postings. It is restricted to calculating the balance sheet and P&L statement profit or loss and displaying this in the financial statements.