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SAP ERP Financial Accounting and Controlling: Configuration and Use Management by Andrew Okungbowa

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CHAPTER 12

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Financial Statement Versions (FSV)

In this chapter, you learn what a financial statement version (FSV) is and go through the basic settings involved in defining financial statement versions.

At the end of this chapter, you will be able to:

  • Explain and define financial statement versions (FSV)
  • Define an FSV using the appropriate specifications
  • Assign FSV hierarchy nodes to the appropriate G/L accounts

Financial Statement Versions

A Financial Statement Version (FSV) forms the basis for drawing up financial statements in SAP ERP. The primary objective of a publically-owned business is to maximize returns on investors’ equity. Therefore, ...

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