Re: [sap-acct] FI - Financial Statement with and without Audit Adjustment
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 | Posted by VidhyaDhar (User-friendly SAP FI Consultant) on Apr 19 at 4:48 AM |  Mark as helpful |
Hi Mai
If you think the prevalent parameters are conducive toward using Method 1
suggested , then it is rather easy.
1. Post all your transactions upto 30 June of your fiscal year
2. Generate a financial statement (RFBILA00) for 1 to 6 periods ( This would
be the unaudited version )
3. Subject your a) financial statements b) related schedules / sub schedules
and c) transactions to Audit.
The outcome of audit could be one of the two following :
Outcome No.1:
The auditors are quite convinced with the accounts prepared and are willing
to certify the financial statements as they appear.
If this is the case , then you do not need to run your financial
statements again.
Outcome No.2:
The auditors have suggested changes and insist on them being carried out (
immediately, since your accounting is as per method No. 1 suggested in my
previous reply )
If this is the case, Post such corrective transactions in the sixth
posting period ( you may have to re-open your sixth posting period , if you
have closed it already )
Ater carrying out all corrective entries, run your financial statements
again (RFBILA00) for posting periods 1 to 6.
This revised set of financial statements can be put up to your auditors
for certification.
This leaves you with two sets of financial statements a) one set prior
to audit adjustments and b) a second set after incorporating the audit
entries.
Do you agree with me?
Regards
VidhyaDhar
On Mon, Apr 19, 2010 at 1:34 PM, mailtn47 via sap-acct <
sap-acct@groups.ittoolbox.com> wrote:
>
> Posted by mailtn47 (start as
> promoted)
> on Apr 19 at 4:09 AM
> Hi VidhyaDhar
> Thank you very much for your help.
>
> It is required to post audit adjustments in June in my country.
>
> But my customer require that:
> They can regenerate Financial Statement in 2 status:
> - With audit adjustment
> - Withou audit adjustment (means balance before audit adjustment)
>
> According to your Method No.1: after audit adjustment, I only generate FS
> with audit adjustment. I cannot regenerate FS before audit adjustment.
>
> How do you think? Do you have any ideas?
> Thanks and best regards
> Mai
>
> ---------------Original Message---------------
> From: mailtn47
> Sent: Thursday, April 15, 2010 1:58 PM
> Subject: FI - Financial Statement with and without Audit Adjustment
>
> > Hi all
> >
> > I use K4 for fiscal year variant
> > We have 2 times audit annual (1st 6-month and last 6-month).
> > After 1st 6-month Audit, there are some adjustments posting due to Audit.
>
> >
> > Requirement:
> > These adjustment postings are balance carry forward to month 7.
> > Financial Statement can be 2 results:
> > - one with audit adjustment
> > - one without audit adjustment
> >
> > I dont know how to do in SAP? Can you help me pls!
> > Thanks and best regards
> > MaiLTN
__.____._ If you think the prevalent parameters are conducive toward using Method 1
suggested , then it is rather easy.
1. Post all your transactions upto 30 June of your fiscal year
2. Generate a financial statement (RFBILA00) for 1 to 6 periods ( This would
be the unaudited version )
3. Subject your a) financial statements b) related schedules / sub schedules
and c) transactions to Audit.
The outcome of audit could be one of the two following :
Outcome No.1:
The auditors are quite convinced with the accounts prepared and are willing
to certify the financial statements as they appear.
If this is the case , then you do not need to run your financial
statements again.
Outcome No.2:
The auditors have suggested changes and insist on them being carried out (
immediately, since your accounting is as per method No. 1 suggested in my
previous reply )
If this is the case, Post such corrective transactions in the sixth
posting period ( you may have to re-open your sixth posting period , if you
have closed it already )
Ater carrying out all corrective entries, run your financial statements
again (RFBILA00) for posting periods 1 to 6.
This revised set of financial statements can be put up to your auditors
for certification.
This leaves you with two sets of financial statements a) one set prior
to audit adjustments and b) a second set after incorporating the audit
entries.
Do you agree with me?
Regards
VidhyaDhar
On Mon, Apr 19, 2010 at 1:34 PM, mailtn47 via sap-acct <
sap-acct@groups.ittoolbox.com> wrote:
>
> Posted by mailtn47 (start as
> promoted)
> on Apr 19 at 4:09 AM
> Hi VidhyaDhar
> Thank you very much for your help.
>
> It is required to post audit adjustments in June in my country.
>
> But my customer require that:
> They can regenerate Financial Statement in 2 status:
> - With audit adjustment
> - Withou audit adjustment (means balance before audit adjustment)
>
> According to your Method No.1: after audit adjustment, I only generate FS
> with audit adjustment. I cannot regenerate FS before audit adjustment.
>
> How do you think? Do you have any ideas?
> Thanks and best regards
> Mai
>
> ---------------Original Message---------------
> From: mailtn47
> Sent: Thursday, April 15, 2010 1:58 PM
> Subject: FI - Financial Statement with and without Audit Adjustment
>
> > Hi all
> >
> > I use K4 for fiscal year variant
> > We have 2 times audit annual (1st 6-month and last 6-month).
> > After 1st 6-month Audit, there are some adjustments posting due to Audit.
>
> >
> > Requirement:
> > These adjustment postings are balance carry forward to month 7.
> > Financial Statement can be 2 results:
> > - one with audit adjustment
> > - one without audit adjustment
> >
> > I dont know how to do in SAP? Can you help me pls!
> > Thanks and best regards
> > MaiLTN
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