Master Data for Restatements

Create a restatement characteristic value for each restatement that you want to create. In the master data for the restatement, define the restatement period, the validity, and the reference.

Prerequisites

The validity and reference settings are only available once you have activated the business function Financials, Group Close, Restatement Monitor.

Features

In the master data, create the attributes outlined below for a restatement (restatement characteristic value).

Restatement Period

The restatement period identifies the fiscal year and period in which you made a structure change that you want to apply retroactively to prior periods. For more information, see Creating Restatement Characteristics.

Validity

You can specify a valid-from period and a valid-to period. These restrict the period in which the tasks for the restatement can be executed.

Note Note

If you want to ensure that restatement tasks can be executed until the restatement period, assign the valid-to period the same value as the restatement period. In the case of planning scenarios, you can also specify a valid-to period value that is greater than that of the restatement period.

End of the note.

Reference Type

You can specify which data set a restatement references and how the system is to post the data in this restatement. The following reference types are available:

Difference to Original Data
This type of restatement references the original data.

The system calculates and posts difference values to the original data.
Difference to Reference Data
This type of restatement references an existing older restatement. You need to specify which old restatement the new restatement references.

The system calculates and posts difference values to the data in the specified reference restatement. The system also takes into account the data in the entire chain of older reference restatements.
No Reference
This type of restatement does not reference the original data or other restatements.

The system does not calculate differences to other data.

Using the reference types Difference to Original Data and Difference to Reference Data, you can create chains of restatements that reference one another. Within a period, you can also create multiple restatements for different purposes that reference the original data or a common reference restatement – but that do not reference one another.

This setting applies to all data stream types (totals data, documents, and additional financial data) with the exception of the Goodwill and Noncurrent Assets - Consolidated data streams. The reference type No Reference always applies to these data streams.

Activities

To enter the master data for a restatement, open the consolidation workbench and choose Start of the navigation path Master Data Next navigation step Restatement End of the navigation path .