financial statement item

Consolidation (EC-CS)

The fundamental account assignment of the Consolidation system. It forms the basis for consolidation data entry, posting and reporting.

Financial statement (FS) items can be used in multiple consolidation charts of accounts. FS items are not only used for accounting purposes on balance sheets, income statements or statements of earnings. They can also be used for maintaining metrics and ratios.

The attributes of a FS item include the FS item type, the where-used indicator, the FS item category, the debit/credit sign and the breakdown category.

Besides the item key, the Consolidation system features the following additional account assignments:

User-defined additional account assignments are also available.

Consolidation (FI-LC)

The financial statement item is the key account assignment, and forms the basis for data entry, posting and reporting in the FI-LC System.

The charts of accounts of the companies to be consolidated (which differ as a result of varying foreign requirements) are standardized in the FS chart of accounts.

Financial statement items are not only used for accounting purposes within the balance sheet and income statement. They can also be used for statistical purposes (number of employees) to produce the group reports.

Three types of financial statement items are used in the FI-LC System:

The FS item is identified by a 10-digit item number.

To prevent the FS chart of accounts from becoming unwieldy, the FI-LC System has the following additional account assignments: