FI-LC: New Features as of Release 4.0A


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 F_LC_URUN.
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 company.
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 Fields
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 the companies.
b) You can break down a FS item by one, two or three additional fields.
5. Offline Data Entry Using MS Access
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 worksheet.
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 functions.
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 automatically adjusted.
g) When creating a local version, you can enter and validate financial data. However, this data cannot be exported.
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 Financial Statements
(Menu path: Individual financial statements - Change local valuation data)
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 - Export/Import)
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 been posted.
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 database.
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 names.
c) New Translation Key 'A'
You can now translate amounts in transaction currency at the monthly rate.
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 posted.
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 T868B
(Menu path: Individual financial statements - Check - Group inventory)
You can reconcile the group inventory values with the totals database for the elimination of intercompany profit and loss in inventory.
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 document type.
b) Deferred income taxes are disclosed in the intercompany profit and loss reports.
16. Reclassification
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 versa.
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 item.
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 totals database.
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 regulations.
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 comparisons.