1. New Authorization Checks
You must extend the authorization profiles relevant to FI-LC with
the authorizations for the new objects F_LC_VERS and
a) Object F_LC_VERS enables you to
check version authorizations.
b) Object F_LC_URUN enables you to
check whether a program may be executed in update mode.
2. Subgroup Maintenance
Features a new function key for positioning to a specific
3. Deleting Master Data
Before you can delete companies, subgroups, FS items, transaction
types, and versions, the system checks that the object is not used
in the totals database, journal entries, or Customizing.
The system does not check if the object is used in the temporary
data set MCDX, EIS, archives or sets.
4. Treatment of Additional
a) You can now create master data and
IDs for three (3) additional fields. Furthermore, you can map the
dependencies between the additional fields to ensure valid
combinations of their characteristics. These combinations are
driven by an additional field type, which is directly assigned to
b) You can break down a FS item by
one, two or three additional fields.
5. Offline Data Entry Using MS
a) You can manually enter additional
financial data for the elimination of intercompany (IC) profit and
loss in inventory, and for the consolidation of investments. You
also have the option of collecting the financial data for
eliminating IC profit and loss in inventory from an Excel
b) Financial data can be transferred
back from the R/3 system to the offline data entry tool, where the
data is imported.
c) The R/3 system can collect
adjustments made to the individual financial statement values. The
adjusted values are posted in the R/3 system using posting
documents. The documents can be referenced and reversed.
d) Analysis of the adjusting entries
is available by means of the data entry log or reporting
e) The entry of additional fields
features lists of possible entries and combination checking (see
Treatment of Additional Fields).
f) The export of financial data to MS
Excel now adds all data records that are missing in a data entry
layout to an Excel worksheet. The interface definition is
g) When creating a local version, you
can enter and validate financial data. However, this data cannot be
h) You can copy financial data by
specific versions, fiscal years and periods.
i) Check digits are computed to
ensure that the data loaded into the R/3 system is complete.
6. Modification of Individual
(Menu path: Individual financial statements - Change local
Starting in a list, you are able to modify individual items of the
individual financial statement, taking all sub-assignments into
account, particularly the additional fields. This can be done as
long as data entry is not yet blocked in Status Management.
7. Cross-version Carryforwarding
Financial statement data can be carried forward from one version to
another. Note that the carryforward indicator must be activated in
the "receiving" version.
8. Transporting Transaction Data
(Menu path: Individual financial statements - Transport -
You can now copy totals records and journal entries from one client
to another client, or from one system to another system.
9. Currency Translation
a) Posting Documents
An update run can be logged in the form of posted documents. The
translation run takes into account any documents that have already
You make the settings in Translation Method Customizing.
You must designate a special document type.
If you do not activate the option 'Post difference only', a new
record is written for each totals record that is to be translated.
This is because the document type is a key field of the totals
b) Translation differences with
sub-assignments of your own choice:
In earlier releases, you could track translation differences by
partner companies, transaction currency and additional fields.
Now, you can specify in Customizing other sub-assignments per
translation method by entering the (technical) table and field
c) New Translation Key 'A'
You can now translate amounts in transaction currency at the
10. Posting with Clearing Items
You can specify clearing items for document types with posting
levels 2, 3 and 4. A clearing item ensures that the balance sheet
and income statement of individual companies are kept in balance -
even after performing the consolidation steps.
11. Mass Reversal
The year and period of the reversal can now deviate from the year
and period of the posted entry.
12. Liability Method Support
(Menu path: Posting - Liability method)
If deferred taxes are posted in a prior period or prior year, and
the corresponding tax rate changes, when applying the liability
method an adjustment for the resulting tax delta must be
The new program must be called up prior to the first standardizing
entry and immediately after blocking of the corporate values.
13. Intercompany Elimination
If you have an integrated environment, in the Intercompany
Elimination Reconciliation List you can interactively branch to
Financial Accounting's Intercompany Reconciliation. There, you can
do reconciliations which read the Financial Accounting documents by
means of a document-matching procedure.
14. Reconciliation of FILCT and
(Menu path: Individual financial statements - Check - Group
You can reconcile the group inventory values with the totals
database for the elimination of intercompany profit and loss in
15. Elimination of Intercompany
Profit and Loss in Inventory
a) The product groups can now
accommodate the characteristic values of the additional fields.
Posting of additional fields is achieved by using a dedicated
b) Deferred income taxes are
disclosed in the intercompany profit and loss reports.
a) By defining the rule accordingly,
you can have the balance of two financial statement items in a
subgroup trigger the reclassification of item X to item Y, or vice
If both of the items are broken down by partners, the balance
computation is done on the partner level.
b) If the triggering item is the
same, the system supports the parallel reclassification of another
17. Loading Financial Data for the
Consolidation of Investments
In addition to the changes in investments and changes in investee
equity, you can also access equity holdings adjustments from the
18. Consolidation of Investments
You can define the amortization of negative goodwill in Customizing
of the Consolidation of Investments Methods. The parameters of
goodwill amortization are applied.
19. K3 Forms
(Menu path: Info system - Financial reporting data - K3 form)
A 'K3 form' can be generated according to German foreign trade
20. Totals Reports
New variables enable you to print the client and the second line of
the company description in the report header.
21. Interactive Reports
a) The company ownership report
features additional sort options.
b) The "Journal Entry" function
(which shows the changes from the local valuation to standardizing
entries, from standardizing entries to consolidation entries, and
from consolidation entries to the consolidated values) is now also
available for subgroups. In previous releases, this function was
only available for individual companies.
22. Report Writer
The data selection now supports subgroup, version and fiscal year