Financial Statement Report (RFBILA00): The financial statement version enables you to configure which of the following aspects of the report format: The items to be included and the sequence and hierarchy of these items The text describing the items The charts of accounts and the individual accounts relevant to the report The totals to be displayed.
The SAP ERP application provides a standard report (RFBILA00) for creating financial statements. You can produce various outputs from this report program by specifying various financial statement versions. True False.
Which of the following are characteristics of financial statement versions: You can use financial statement versions in the structured balance list and for planning, drilldown reporting, and transferring data to consolidation. You can define as many financial statement versions as you need to make reports for various purposes, such as for tax authorities, for internal users, and for external users. You can add maximum 10 financial statement versions of your choice. You can use the selection parameters for RFBILA00 to make additional specifications, such as whether to create the report at the business area level, segment level, profit center level, company code level, and so on.
Customers using classic General Ledger Accounting can use RFBILA00 to create a financial statement at the business area, segment, profit centre and company area levels. True False.
As an alternative to financial statements, you can use RFBILA00 to create a structured list of account balances.
However, RFBILA00 has the following restrictions: Profit or loss is neither calculated nor displayed. Accounts that are not assigned to a financial statement item are not displayed. Accounts do not contain figures or values for financial statement versions The nonassigned accounts item does not appear in the report.
As of SAP enhancement package 5 for SAP ERP, business function General Ledger Accounting (new) 3, you can read totals records from the archive. When you select the Data Sources checkbox in the RFBILA00 report, you can specify whether the data is read from the archive, from the database, or from both. True False.
The standard system does not deliver with sample financial statement versions. You have to create your own versions. True False.
You can define a financial statement version in which of the following two steps: Enter it in the directory of financial statement versions. Define in directory of table records Define hierarchy levels and assign accounts. Define financial statement versions in SAP Database.
A fixed item, similar to the assets and liabilities items, is created for the notes to financial statement item when you define the financial statement version. By reassigning the corresponding accounts to this item, you can ensure that these accounts are no longer included in the profit and loss result when you execute the financial statement report. True False.
Each financial statement version must have which of the following special items: Assets Liabilities Profit Loss Profit & Loss results Accounts not assigned Notes to financial statements.
The net profit or net loss, as well as the profit and loss results, are calculated using the same report that you use to create the financial statement. In addition, the report lists the accounts that were not assigned to an item in the financial statement version under the nonassigned Accounts item. True False.
The net profit or net loss is only determined from accounts that are assigned to the assets and liabilities items. Accounts belonging to the notes to financial statement item or the accounts not assigned item are not included when determining the net profit or net loss. They are also not included in the profit and loss result. This result is derived from the balance of all other accounts. True False.
Financial statement versions consist of a maximum of 30 hierarchy levels. True False.
Financial Statement Versions: You perform the following activities when working with hierarchy levels: Assign items to each level. The system calculates a total or subtotal for each item, which is then displayed when the program is run. Assign texts to each item. Add totals to each hierarchy level Assign the accounts whose account name and balance are to be listed at the lowest level of the hierarchy.
You can write up to five lines of text at the beginning and/or at the end of an item. True False.
A graduated total is calculated, in addition to the control level method. You can view the graduated total from any point in the financial statement structure. You can output graduated totals in the profit and loss part of the structure in the standard system. True False.
Program RFBILA00 enables you to print the financial statement on PDF format. True False.
You can use “Account Group Assignment by Balance” to determine whether the balance of a specific account group must appear on the debit side or credit side of a specific financial statement item.
The balance will always appear here regardless of whether the balance of the accounts is a debit or a credit. True False.
You can maintain the profit and loss statement hierarchy in the same way as you maintain assets and liabilities in the balance sheet. True False.
Characteristics and key figures form the basis of the drilldown report presentation. Characteristics define how your data can be classified or provide a time reference. Key figures include stored values or quantities and calculations based on these values and quantities. True False.
The contents of the General Ledger drilldown reports are as follows: Characteristics can include company, company code, business area, segment, profit center, chart of accounts, financial statement item, currency, fiscal year, period, and so on. Key figures can include total credit balance, total debit balance, balance sheet value, accumulated balance, balance carry forward, and so on. Key figures also include sub totals of the account balances.
Drilldown reporting is a tool that enables you to analyze different aspects of the general ledger account, including the transaction figures and financial statements. You can also carry out variance analyses, such as plan or actual comparisons, fiscal year comparisons, and so on. True False.
Drilldown reports make navigation through your data simple. You can move to different detail levels or to different objects for analysis purposes, or change from a drilldown view to a detailed view. In addition, drilldown reporting provides functions for processing lists, such as sorting, conditions, ranking lists, and so on. You can also access SAP Graphics, SAP Mail, and the Microsoft Excel List Viewer from your report. True False.
Each report consists of a number of lists that are divided into three categories depending on how many characteristics you select, the number of values for those characteristics, and their content. True False.
Drilldown Reports: The categories of lists are follows: Drilldown list Detail list Exeption List Non assigned Accounts list.
Drilldown List: Drilldown list displays a selection of key figures for a characteristic (for example, balance sheet value for a fiscal year and the variance calculation), which can be further drilled down for a combination of drilldown characteristics, such as Assets/Business Area 0001, Assets/Business Area 8000, and Assets/Business Area 9900. True False.
Drilldown List: The lowest level of the drilldown characteristics appear in the rows of drilldown list, while all other levels and their selected values appear at the top of the report. We select Assets for the Financial Statement Item characteristic and then the Business Area characteristic, to display total assets for each business area. True False.
A detail list always shows all the key figure and characteristic combinations for a single combination of drilldown characteristic values (for example, assets for business area 0001). The key figures appear in the rows of a detail list. All selected drilldown characteristics, including their selected values, appear at the top of the report in the order chosen. True False.
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