Freely-Definable Currency and Financial Statement Version (FSV) Setup

4 results

  1. Foreign currency concept

    Freely-Definable Currency and Financial Statement Version (FSV) Setup

    Reading time: 10 mins

    Global SAP customers often need operational currency that differs from the national currency their legal entity(s) resides in. To reconcile this discrepancy, SAP customers have, in the past, created mirror company codes, used special ledger, or performed currency conversion/translation in a data warehouse (i.e. SAP BW/BPC) to support their reporting needs. According to delaware Consulting,…

  2. Sets Can Satisfy Your Financial Reporting Requirements While Minimizing Maintenance

    Reading time: 14 mins

    When you need a structured report for regulatory and statutory reporting, consider using a method based on creating data sets in SAP ERP Central Component (SAP ECC). It is more flexible and requires less maintenance than the traditional approach of creating a hierarchy/financial statement version in SAP ECC using transaction OB58 and then loading it…...…

  3. Formula Variables Offer a Low-Cost Alternative to Cell Definition in Financial Reports

    Find out how you can use formula variables with hierarchies to define individual cells in a report. This six-step process offers a low-maintenance alternative to developing custom query structures in BEx Query Designer, a pre-requisite for the cell definition feature. Key Concept Variables are query parameters that you define in BEx Query Designer. They are…...…

  4. Best Practices to Manage a Smooth Chart-of-Accounts Conversion in an SAP Environment

    You are a massive global organization with a complex system landscape and want to embark upon an SAP General Ledger (formerly known as new G/L) or SAP S/4HANA journey. These best practices help you clean up and standardize key processes or data to prepare for a chart-of-accounts (COA) conversion. Key Concept Once the SAP system…...…