Create Financial Statement

Versions (FSV) in SAP

Financial Statement Versions in SAP
Financial statement versions helps to group all the related accounts
to get the Balance sheet and Income statement for the purpose of
reporting. SAP systems uses the financial statement version (FSV)
that assigned to the company code when creating the balance sheet
and P&L reports.

You can maintain financial statement versions as per organization

requirements. SAP systems has come with standard financial
statement version for all countries. So you can use those standard
version if your business requirements are limited or you can create
new FSV as per business requirements.

The following SAP FICO training tutorials guides how to maintain

financial statement versions in SAP Fico step by step. You can
maintain the financial statement versions by using the following
navigation method.

SAP Implementation Guide >> Financial Accounting >> General

Ledger Accounting >> Business Transactions >> Closing >>
Document >> Define Financial Statement Versions.

What are the configuration to be done before creating Financial

Statement Versions?

Chart of Accounts (COA)

General Ledger Accounts

Financial Statement Version Configuration Steps

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 Step 1: – Enter transaction code “OB58” in the SAP command field
and press enter.

Step 2: – On the change view “Financial Statement Versions”

Overview screen, a list of standard versions are displayed. Here you
can create new versions by copying from the existing standard
version or creating a new version with your own settings.

Click on “New entries” to maintain the new FSV.

Step 3: – On the new entries screen, update the following details.

1. Fin. Stmt.Version: – Enter the new four digits key that identifies
the financial statement versions in SAP.
2. Name: – Update the descriptive name of the FSV.
3. Maint. language: – Update the language key, in which language
your financial statement is to be maintained.
4. Item Keys Auto: – Item keys are linked to financial statement
items in the FSV. This indicator determines the item keys be
assigned automatically or manually. Its recommended to check
this option so that item keys are assigned automatically.
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 5. Chart of Accounts: – Enter the COA that you want to be tagged
to the financial statement version.
6. Group Account number: – Select this indicator to assign an
account number from the group chart of accounts. This
configuration is valid only if we are using consolidation
functionality.
7. Fun.area.perm.:– Select this indicator to use the functional
area organizational elements. It helps to maintain alternative
group costs.

After maintaining all the details, click and save button, and then
select your request number and save the configured data.

Step 4: – Click on “Fin. statement items” to configure the financial

statement items.
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 On the change financial statement overview screen, by default, we
get 7 hierarchical nodes. You can maintain new items by clicking on
“create items” and you can delete the items by the delete option.

Let’s configure the Assets item, Select the Asset item, and click on
create items for the Asset.

On creating items, add all the asset items for the commercial balance
sheet(here we are maintaining items for assets). Press enter to
continue.
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 Double click on “No text Exist” and maintain the details of asset text
like start name, end of group, and item.
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 Successfully we have maintained a hierarchical level of the assets.
After maintaining items under Asset, the following configuration
screen appears.
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 Now let’s create sub-items under cash and cash Equivalents. Select
an item and click on “create items”. After maintaining the sub-items,
the following configuration screen appears.
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 To assign G/L accounts, select the item and double click on “Assign
items”

Enter the Account number range in the change account dialog box.
Select both debit and credit indicators.
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 Successfully we have created items with sub items and assigned G/L
accounts to the items. Similarly creates items and sub-items for
other nodes and assigns General ledger Accounts.

Thus Successfully we have configured financial statement versions

in SAP.
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