Financial Statement Versions with Functional Areas 

Use

You can define a financial statement version by assigning functional areas to the P&L items.

This gives you the option of creating financial statements in accordance with cost of sales accounting.

You cannot use a financial statement version with functional areas in the following cases:

·         As a basis for planning in General Ledger Accounting

·         As a basis for creating financial statements using report RFBILA00.

Prerequisites

To define a financial statement version with functional areas, you have defined the functional areas in Customizing:

·        In Customizing for classic General Ledger Accounting, choose Financial Accounting → Financial Accounting Global Settings → Company Code → Cost of Sales Accounting → Define Functional Area.

·        In Customizing for new General Ledger Accounting, choose Financial Accounting (New) → Financial Accounting Basic Settings (New) → Ledgers→ Fields→Standard Fields →Functional Area for Cost of Sales Accounting → Define Functional Area.

Features

There are several functions for defining financial statement versions. However, if you want to define a financial statement version with functional areas, these functions are limited. You cannot use the following functions:

·        Balance-Dependent Display

You cannot display functional areas dependent on the balance, that is, assign them to a different item dependent on the balance.

·        Debit/Credit Shift

You cannot define items to which you have assigned functional areas as debit/credit shift items.

·        Check for Completeness

You cannot use the check for completeness for financial statement versions with functional areas.

Activities

To define a financial statement version with functional areas, follow the procedure outlined in Creating Financial Statement Versions.  You also have to carry out the following additional activities:

...

       1.      When you enter the general data, set the Functional area permitted indicator.

You then have the option of assigning either accounts or functional areas to an item in your financial statement version.

       2.      Assign the required functional areas or functional area intervals to your P&L items. For more information, see Assigning Accounts.

If you assign functional area intervals, ensure that the individual intervals do not overlap.

If you have already assigned functional areas to a financial statement version, and then you reset the Functional area permitted indicator, all functional areas assigned are deleted.