You create financial statements as part of the year-end closing in accordance with country-specific legal requirements in order to report assets, liabilities, accruals and deferrals, and revenues and expenses.

To be able to create the financial statements, you must fulfill the following prerequisites:

You can use report RFBILA00 to create the financial statements.

You can configure the financial statements in accordance with your requirements:

• You can create financial statements for different organizational units, for example, for the whole group, or for an individual company code, business area, and so on.

• You can create the financial statements in different languages, for example, in the language of the country in which the company code is based, or in the group language.

• You can create the financial statements in any currency you choose. This might be necessary for example, if you want to create consolidated financial statements for company codes with different local currencies. You can also create financial statements for different currency types you are using as company code currencies (for example, group currency, index-based currency, hard currency).

• You can choose between different types of financial statements, for example, opening financial statements or closing financial statements.

To create financial statements, choose the following from the SAP Easy Access screen: Accounting ® Financial accounting ® General ledger ® Information system ® General ledger reports ® Balance sheet/profit and loss statement/cash flow ® General ® Actual/actual comparisons ® Balance sheet/profit and loss statement.