Statement Accounts (tffst1520m000)

Use this session to create and maintain the financial statement accounts.

For a financial statement, accounts are defined to represent the items that must be reported on a financial report. For example, if you want to create a balance sheet, the balance sheet items are defined as statement accounts.

Similar to the ledger account setup, you can link statement accounts to parents to create multilevel parent-child structures (maximum of 99 levels). At the lowest level (0), links are defined between the statement accounts and ledger accounts or dimensions.

From this session, you can start the following sessions:

  • Specifications by Statement Account (tffst1521m000)
  • Copy Ledger Accounts to Statement Accounts (tffst1270m000)
  • Copy Dimensions to Statement Accounts (tffst1280m000)

Field Information

Financial Statement

The code of the financial statement.

Statement Account

The code of the statement account.

Annexure Value Data Present

If this check box is selected, annexure value data exists for this account.

Account Type
Value

The type of account to which ledger accounts and dimensions are linked.

Text

This type is used to add text to a report.

Ratio

The account that is linked to a ratio (per column).

Rounding

The type of account to which rounding differences are posted that result from column-specific roundings .

Gain/Loss

The type of account that must be defined for each statement account if you use gain and loss. Gains and losses accrued on an account, are then booked to an account of type Gain/Loss.

Balancing

If you define that a statement column must be balanced, the difference between the total debit and the total credit (all level 0) is booked to an account of type Balancing.

Not Applicable
Cash Flow Statement Account

If this check box is selected, this account can be used for cash flow statements.

The statement account can be linked to a cash flow reason.

Debit / Credit

Indicates whether the account is used for debit transactions or credit transactions.

Default Gain/Loss Account

If this check box is selected, this account is used as the default

Accounting Scheme

accounting scheme

Print Sequence

Determines the order in which the account data is printed.

Sublevel

You can use sublevels to determine how detailed a statement must be. You can print the financial statement from a specified sublevel.

Note: A sublevel is mandatory for every statement account.

Parent Statement Account

You can use the parent statement accounts to total statement amounts. To do this you link several child statement accounts to a parent.

Enter the parent for this statement account.

Sign Switch

Indicates whether the values of the selected statement account must be multiplied by -1, and if so, when.

No Switch

The amounts of the selected statement account are not modified.

While Selecting Values

When you run the Process Financial Statement Values (tffst1249m000) session, the amounts of the selected statement account are multiplied by -1. This does not mean a conversion from credit to debit, or a conversion from debit to credit.

Calculations done in the statement are based on the modified amount.

Before Output

Before you print the financial statement, the amounts of the selected statement account are multiplied by -1.

Calculations are done based on the original amount. When the amounts are printed, the modified amounts are printed.

Sel. Values & Before Output

When you run the Process Financial Statement Values (tffst1249m000) session, the amounts of the selected statement account are multiplied by -1. This process is repeated when you print the statement.

Calculations done in the statement are based on the modified amount. When the amounts are printed, the original amounts are printed.

Not Applicable
Alternate Account

alternate account

Method of Alternate Account Usage

Indicates when negative and debit amounts will be transferred from a statement account to the alternate account.

Total

The total negative amount of the statement account is transferred to the alternate account.

Individual

Per linked ledger account, dimension or cash flow reason, the negative amount is transferred to the alternate account.

Example: If a statement account holds four ledger accounts, one of which is negative, this ledger account is transferred to the alternate account.

By Group

The total amount of the group (defined in the Alternate Statement Account Groups (tffst1130m000) session), determines whether negative amounts are transferred to the alternate account.

Rounding Difference Account

The ledger account to which the rounding difference is posted.

100 Percent Account

100% account

Account Text

If this check box is selected, text exists for this account.

Currency Details
Use Historical Rates

If this check box is selected, LN will use available historical rates.

Rate Type

exchange-rate type

Currency Gain and Loss Account

The ledger account to which the currency gain and loss is posted.