Define Financial Statement Items
Application component: Master Data
App type: Transactional
Line of business: Finance
Leading industry: Cross Industry
Solution capability: Corporate Close (S/4 CLD)
Scope items: Group Reporting - Financial Consolidation
Description:  With this app, you can display or update financial statement (FS) items and their properties based on your specified criteria. 
An Application used for create / change / display Financial statement Items Master Data
Key features: Note FS item selection attribute and target attribute value assignments are time- and version-dependent. If you create, display, or change FS items, be aware that you make the changes to these attribute value assignments for the selected version (and related versions) only and for the selected fiscal year and period onwards. For more information, see Time- and Version-Dependency.This app provides the following key features: Display FS Items Using the filter criteria, you can show FS items of your selection and their properties such as consolidation chart of accounts, item type, breakdown category, elimination attribute, currency translation attribute, and role attribute.  In the list, you can sort or filter the FS items using any of the available criteria.  You can drill down to the detail screen of each FS item to show more information, such as: Breakdown Category:  Which breakdown category fields are assigned to the FS item, for example, Partner Unit, Subitem, and Subitem Category.  Which fields are required for using the FS item in performing consolidation tasks, indicated by Breakdown Type. For example, the Partner Unit field might be required for receivable and payable items to perform the interunit elimination task. What the fixed values or allowed values for these fields are.  If configured, the Maximum Selection column controls the range of allowed values. For more information, see Selections.  FS item name and description in all supported languages   Change FS Items When displaying any FS item in the detail screen, you can change any property above of the FS item by choosing Edit. After making any changes, choose Save to apply the changes.  Note Statistical FS items are created automatically by Consolidation of investments. These FS items are necessary to record historical values needed to process future activities, such as divestiture. These FS items are prefixed by the dollar ($) symbol. These FS Items must not be changed because any changes that are made are overwritten by Consolidation of Investments.    Create FS Items You can create a new FS item by choosing Create and then define its properties in the detail screen. You can also copy an existing FS item to create a new one. To do you, choose Copy, enter the name of the FS item and select if you want to copy the time- and version-dependent data for the current fiscal year and period and version or for all fiscal years and periods and versions. Note that the following fields are required: Financial Statement Item: FS item ID that contains up to 10 characters.  Consolidation Chart of Accounts FS Item Type: An attribute that indicates the nature of FS items. See FS Item Type for details about each item type. Note For FS items with the FS item type AST (Asset) or LEQ (Liabilities and Equity), their balances are always carried forward to the next year because this is a business requirement. For the same reason, the balances of FS items with the FS item type INC (Income) or EXP (Expense) are never carried forward to the next year.For FS items with the FS item type STAT (Statistical Item) or REPT (Reporting Item), you have the option to carry forward their balances to the next year. To do so, select the Carry Forward Balances checkbox. This setting is typically required for share ownership percentages and non-financial data.  To upload, download, and import FS items into the system, see Import Consolidation Master Data. To check if an FS item is used, select one FS item and choose Check Where Used. 
Business roles: Group Accountant| External Auditor - Group Reporting| General Ledger Accountant - Group Reporting| Administrator - Group Reporting
Consolidation Specialist : 
Is responsible for the Consolidation setting, processing for the FI or other business data from subsidiaries. Generates the legal & management consolidated reports.

Administrator - Group Reporting : 
Performs business oriented parts of configuration, such as  master data maintenance, universal hierarchy maintenance, reporting items table, exchange rate, rule definition.

General Ledger Accountant - Group Reporting : 
Ensures adherence of local data to group quality standards.

Group Accountant : 
Executes and monitors group processing tasks, such as data adjustment, and inter-company elimination.

External Auditor - Group Reporting : 
Ensures adherence of group data to legal accounting standard and process governance standards.