Group Reporting
Trident Energy Questions
Is Intercompany Matching and Reconciliation part of Group Reporting?
Yes, the Intercompany Matching and Reconciliation capabilities are integrated within Group Reporting in SAP S/4HANA. Here you can find a video with more information.
Is the F/S Item mapping purely determined between G/L Account?
No, you can use breakdown categories (such as Cost Center) to further breakdown the values recorded on Financial Statement Items. In the configuration of the breakdown category for a specific FS Item, you define which characteristic (like Cost Center) should be considered. When mapping G/L accounts to FS Items, you can then specify different FS Item assignments based on the values of these characteristics (e.g., specific Cost Center codes). In addition to the G/L account, the system then also considers the values of these breakdown categories and their associated subitems when determining which FS Item a transaction should be assigned to.
So, breakdown categories allow you to incorporate additional dimensions beyond the G/L account to assign them to FS Item.
Can you see the impact of Group Journal Entries?
Yes, you can see the Group Journal Entries in a Trial Balance with the application Manage Journal Entries, filtering for Journal Entry Type.
Can you see the impact of Group Journal Entries?
Additionally, you can also add a dimension for Group Journal Entries in the Group Financial Statement Review Booklet to see the impact of your Group Journal Entries on your Cash Flow or P&L on Reporting Item level, or consolidation unit.
Can you do manual intercompany matches?
Yes, you can perform manual matches.
How does the system consolidate fixed asset ledgers from individual entities, specifically for oil and gas assets, to create a unified view in the Property, Plant, and Equipment (PPE) section of the consolidated balance sheet, including the effects of foreign currency translation? AR01/AR02 report
Fixed asset postings are initially recorded within the legal entity. Through automatic account determination, these postings automatically land on the correct general ledger account. Thanks to the mapping to the financial statement items, they automatically roll up to the PPE section of the consolidated reporting.
When it comes to currency differences, SAP S/4HANA Group Reporting automatically calculates these differences during the currency translation process based on the defined translation methods and the various exchange rates applied to different components of the fixed asset value (acquisition cost, accumulated depreciation).
To track and report these automatically calculated currency translation adjustments, the subitem dimension is indeed crucial. A specific subitem, such as 980 (Currency Translation Adjustments), can be used in the configuration of the currency translation process or in subsequent reporting to identify and isolate the impact of exchange rate fluctuations on the consolidated fixed asset balances.
More information on the Data Monitor
You use the data monitor to run the activities for collecting and preparing the financial data reported by your consolidation units. These activities are called tasks. The tasks of the data monitor are predefined and ready to use. The system manages the status of the tasks and thus ensures a logical sequence and consistent data. The following table displays the tasks in the data monitor:
You can create custom tasks in the Data Monitor, if you miss a specific task in the standard system or if you want to refine your tasks. Here you can find more info on the data monitor.
More information on the Consolidation Monitor
The tasks of the consolidation monitor are predefined and ready to use. The system manages the status of the tasks and thus ensures a logical sequence and consistent data. You must run all tasks for each consolidation group or run one task for all consolidation groups. For manual eliminations (posting level 20 and 30), you can run the task only for one group.
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