Consolidation COA and FS Items Overview

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Questions and Answers

What does a consolidation chart of accounts (COA) primarily facilitate?

Aggregation of operational data uniformly across the group. (correct)

Local accounting without G/L accounts.

Preparation of individual financial statements.

Creation of separate financial reporting structures.

Which predefined consolidation chart of accounts is fixed and cannot be altered?

Y1 (correct)

What is a characteristic feature of financial statement items (FS Items) within group reporting?

FS Items are only updated manually.

FS Items can be used in multiple financial reports. (correct)

Each FS Item corresponds to a single G/L account.

FS Items are defined outside the consolidation chart of accounts.

How can FS Items be updated in the SAP S/4HANA Finance system?

Via file upload or using the Define FS Items app. Signup and view all the answers

Which of the following is NOT a type of attribute associated with FS Items?

Summary Attributes Signup and view all the answers

What must be defined to prepare consolidated financial statements from different units?

At least one consolidation CoA. Signup and view all the answers

What is a required attribute of FS Items that indicates their nature?

FS Item type Signup and view all the answers

Which statement about G/L accounts and FS Items is correct?

Each FS Item is mapped to one or more G/L accounts. Signup and view all the answers

What type of items are categorized as EXP in P&L statements?

Expense items Signup and view all the answers

Which setting is used to block postings in financial systems?

Blocked for Posting Signup and view all the answers

What do Target Attributes derive an FS item from?

Another FS item for specific purposes Signup and view all the answers

Which of the following statements about FS item roles is true?

An FS item can only have one role for a specific fiscal year. Signup and view all the answers

What is the purpose of the Selection Attributes section in consolidation tasks?

To select FS Items sharing the same attribute value. Signup and view all the answers

What is typically recorded in the ACDOCU table according to the breakdown category?

Subassignments of FS items Signup and view all the answers

What defines the row or column structure in reporting items?

Reporting rules Signup and view all the answers

What is the implication of having a consolidation-specific FS item like goodwill?

It does not require mapping to G/L accounts. Signup and view all the answers

Why might an FS item like 411100-Sale of Goods have a target attribute selected as Elimination Target?

For automatic offset postings in reclassification rules. Signup and view all the answers

Which category includes items that are not directly linked to P&L statements or balance sheets?

STAT Signup and view all the answers

Study Notes

Consolidation Chart of Accounts (COA)

A consolidation COA systematically groups financial statement (FS) items for group reporting.
Local COAs use general ledger (G/L) accounts with varying detail levels.
Group reporting needs a uniform aggregation of operational data across the group, requiring at least one consolidation COA.
The predefined COA is Y1; custom IDs aren't supported.
If Y1 doesn't suffice, modify FS items within Y1 (refer to SAP Note 2659656).

Financial Statement Items (FS Items)

FS Items represent accounts in group reporting.
FS Items are tied to the consolidation COA.
Pre-defined FS items exist in SAP S/4HANA Finance.
Each FS Item maps to one or more G/L accounts, enabling consolidation data collection, posting, and reporting.
FS Items appear in balance sheets, profit & loss (P&L) statements, statements of retained earnings, and metrics/key figures.
FS Items update via file upload or the Define FS Items app.
Multiple hierarchies can be created for FS Items.
G/L account mappings for FS Items update through file uploads.

FS Item Attributes

FS Items have three attribute types: Basic Data, Selection Attributes, and Target Attributes.

Basic Data Attributes

FS Item Type: Required; indicates FS item nature (e.g., income, expense, asset, liability/equity, statistical, reporting).
INC: Income items (P&L)
EXP: Expense items (P&L)
AST: Asset items (Balance Sheet)
LEQ: Liability/equity items (Balance Sheet)
STAT: Statistical items (record financial/non-financial data—not directly in P&L/BS)
REPT: Reporting items (reporting characteristics, define report row/column structure; requires defined reporting rules for calculations)
Is Consolidation Item: "YES" for consolidation-specific items (e.g., goodwill); these don't require G/L mappings.
Blocked for Posting: Used to prevent postings.
Breakdown Category: Determines which subassignments are recorded in the ACDOCU table for each FS item.

Selection Attributes

Used in consolidation tasks to automatically select related FS Items based on attribute values.

Target Attributes

Used to derive one FS Item based on another.
Commonly used for automatic offset postings in reclassification rules (e.g., Elimination Target).
The system identifies the target FS Item automatically based on master data, simplifying reclassification rule setup.

FS Item Attributes: Purpose and Assignment Relation

FS Item Role is a selection attribute used for calculations (annual net income, deferred tax, retained earnings, etc.).
Each FS Item can have only one role in a given fiscal year, period, and consolidation version.

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Description

This quiz covers the essentials of Consolidation Chart of Accounts (COA) and Financial Statement (FS) Items as it pertains to group reporting. Learn about the uniform aggregation of operational data, predefined and custom FS items, and how they interact within SAP S/4HANA Finance. Test your knowledge on the fundamental concepts and practices surrounding these key financial reporting components.