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Financial statement by business area

Former Member
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hi,

Has anyone encountered implementation of running balance sheet by business area and it only balances at company level but not at business area level? What are the likely causes and rectifications?

I noticed we cannot post a reclassifcation entry where we debit from BA1 and credit to BA2 as the balance sheet adjustment posting will balance it.

Thanks.

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
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Hi,

Business area balance sheets are primarily used for internal reporting purposes. Reason being essential balance sheet items, such as AR, AP, Fixed Assets, inventories and all items of PL statement can be assigned directly to a business area, however balance sheet items likes banks, taxes etc. cannot be assigned directly instead has to be done manually.

You can check the following link, it might help:

http://help.sap.com/printdocu/core/Print46c/en/data/pdf/FIBUSI/FIBUSI.pdf

Thanks

Neel

Answers (3)

Answers (3)

Former Member
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Just curious whether balance sheet may not balance due to the below screnario?

Asset acquired under BA1.

In the midst of its useful life, its BA is changed manually (without going through fixed asset transfer) to BA2. There after, subsequent depreciation and disposal is made to BA2.

Former Member
0 Kudos

Hi,

The objective of business area is to get the financial statements for internal reporting purpose. So at the business area wise it has to balance the line items, other wise it cant be called as balance sheet.

The objective of company code is repoting to the external authorities i.e in India as per the comapanies act 1956 all the registered companies must submit the financial statements. The company code level financial statement includes the transactions posted at the business area level also.

For the internal reporting you can use either business area or profit center.

Thanks & Regards,

Shashi Kanth.

Former Member
0 Kudos

Hi,

Goto OBY6 and check if you have selected the check box for business area financial statements.

This helps to get the financial statements per business area for internal purposes.

Hope this helps,

Thanks,

Shilpa.