Features of the Financial Reporting Process
Note
To run the financial reporting process, you can schedule programs in a flow definition in Schedule Manager (see Financial Reporting Process and Schedule Manager) or you can start the individual steps of the financial reporting process in the individual transactions.
Prerequisites
In contrast to the financial reporting preprocesses, the financial reporting processes are both accounting system and period-dependent.
Before you can run a financial reporting process, you must transfer the master data for the relevant legal entity. If the financial reporting process is relevant to accounting, the accounting subprocesses must also be carried out before the financial reporting process is run. Therefore, for every financial reporting process there must be a financial reporting preprocess with the same legal entity. In fact, every financial reporting process is linked to a financial reporting preprocess. Therefore, the selection screen for the Create Financial Reporting Process transaction contains a field for the financial reporting preprocess number.
Features
Attributes
When you create a financial reporting process, you enter the following data:
Legal entity
Accounting system
Fiscal year/period
Value type
Run category
A financial reporting process also has the following attributes:
Status
Technical time stamp for reading data from the SDL
Technical time stamp reading data from accounting
The legal entity, accounting system, fiscal year/period, and value type determine for which balance sheet the process is created.
Value Type
The value type describes the data generated in balance processing (actual data, projected data, simulated data, and so on). Value types are provided by SAP. You can create your own value types in Customizing.
For more information, see Customizing for 
Bank Analyzer
Analytics
Accounting: Merge Scenario
Balance Analyzer
Before Generation
Parameters for Financial Reporting Process
Edit Values of Value Type Characteristic
.
Run Category
The run category specifies whether the financial reporting process is a standard run or a correction run. You assign step sequences to control which business-related and technical step sequences are used by the financial reporting process. The run category defines which type of standard run (IAS standard run, local GAAP standard run) or correction run (before merging, before determination of financial statement items) the financial reporting process executes. You define the possible standard and correction runs by defining run categories and step sequences in Customizing.
For more information, see Customizing for Bank Analyzer
Analytics
Accounting: Merge Scenario
Balance Analyzer
:
-
Before Generation
Parameters for Financial Reporting Process
Edit Run Categories
-
After Generation
Balance Processing
Step Sequences
Assign Run Categories to Step Sequences
Status
The possible values for the status are:
Accounting
Balance Processing
Completed
The status indicates whether the financial reporting process is in the accounting or balance processing phase, or whether it is complete. If a financial reporting process is complete, programs contained in it can no longer be started. A new financial reporting process for a balance sheet cannot be created until the previous financial reporting process for that balance sheet has been completed.
Time Stamp
Different programs in a financial reporting process read data from the SDL. Data is always read from the SDL using a technical time stamp. All the programs within a financial reporting process use the same technical time stamp to read data from the SDL. For this reason, the time stamp is an attribute of the financial reporting process.
The financial reporting process takes on the SDL time stamp used in the corresponding financial reporting preprocess. In this way the system makes sure that all the subprocesses used in the generation of a financial statement are based on the same SDL time stamp.
Balance Processing or Accounting Programs in the Process
The following subprocesses must be linked to a financial reporting process and cannot be run independently:
Key Date Valuation at the End of a Period
Start Balance Processing
Calculate Accounting Balances
Create Complex Merge Objects
Create Correction Worklist
Start Balance Processing
Activities
See also:
Financial Reporting Preprocess
Creating a Financial Reporting Process
Displaying a Financial Reporting Process
Transferring Master Data from the SDL