In connection with the reporting of balance sheet and P&L figures, Greg has already familiarized himself with the use of the financial statement version in the SAP system.
Now he wants to get an insight into the structure of a Financial Statement Version. In the company, the Manage Global Hierarchies app is used for this.
Greg will need to execute reports on the financial results at month end, using various SAP Fiori apps.
Financial Statement Versions
Financial statements are official reports that you are required legally to output. To meet the different reporting requirements, various financial statement versions can be created in the SAP system.
In these financial statement versions, you define exactly which accounts are to appear in which line items of the financial statement. Many financial statement versions are included in the SAP system.
The app Manage Global Hierarchies is a single point of entry for the maintenance of different hierarchies in the SAP system.
The Manage Global Hierarchies app allows you to easily create, edit and display hierarchies based on attributes defined by master data. You can create cost center, profit center, functional area, and Financial Statement Version (FSV) hierarchies, for example.
The following video shows you how you can display a Financial Statement Version using this app.