How to create Financial Statement Version (FSV)

This tutorial takes you through the steps to create a Financial Statement Version   Enter Transaction code SPRO in the command field

How to create Financial Statement Version

    In the next screen Select SAP reference IMG

How to create Financial Statement Version

    In next screen-"Display IMG"  navigate the following menu path SAP Customizing Implementation Guide -> Financial Accounting -> General Ledger Accounting -> Business Transactions -> Closing -> Document -> Define Financial Statement Versions

How to create Financial Statement Version

  In the Next Screen, Select New Entries

How to create Finnacial Statements Version

  In the Next Screen, Enter the Following

  1. Enter the FSV Key
  2. Enter the Description for the purpose of the FSV
  3. Enter the  language key designates the language in which you Display texts,Enter texts and Print documents.
  4. Enter this indicator which specifies whether keys of f.s items are assigned manually or automatically when the financial statement versions are defined.
  5. If we specify a COAhere, only accounts from this chart of accounts can be assigned when you are defining the financial statement. If you do not specify a chart of accounts, accounts from several charts of accounts can be assigned when you define the financial statement.
  6. Enter this Indicator that specifies that the group account numbers should be assigned instead of the account numbers when you define the financial statement version.
  7. Enter this indicator as it makes possible to assign functional areas or accounts in the financial statement version.

How to create Financial Statement Versions

After maintaining the fields , press save How to create Financial Statement Version   Enter your change request number

How to create Financial Statement Version

After the Financial Statement Version is saved you can edit its structure items by selecting Financial statement items button
How to create Financial Statement Version
In the next screen, you can maintain nodes in version object A new version has  seven basic nodes by default, listed below

  1. Financial Statement Notes
  2. Not Assigned
  3. P+L result
  4. Net result : loss
  5. Net result : profit
  6. Liabilities+Equity
  7. Assets

How to create Financial Statement Version

    We can maintain node text by double clicking on the node . We can create subitems to the node by selecting the node and pressing the create items button How to create Financial Statement Version New item will be created as subnode to the selected node. We can assign accounts or group of Accounts to  a node by selecting the node and pressing Assign Accounts .How to create Financial Statement Version Below is an example of such an assignment.

  1. Primary  Node "Assets"
  2. Subnode "Cash & Cash Equivalents" are assigned to Assets ." Petty cash" is a subnode assigned to Cash & Cash equivalents.Other nodes are also assigned to Cash & Cash Equivalents such as : Checking,Citibank Account, Mellon Bank,Citibank Canada
  3. Chart of Account key used for assigning accounts
  4. Range of accounts assigned to node Petty Cash
  5. Range of Accounts

How to create Financial Statement Version

 After Maintaining the structure press Save  How to create Financial Statement Version and we have successfully created a Financial Statement Version.

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