What is financial statement type in SAP FI-GL - General Ledger Accounting?

SAP Term: financial statement type

• Component: FI-GL

• Component Name: General Ledger Accounting

• Description: You can choose to display one of the following financial statement types: Normal: This shows an accumulated balance sheet. The balances are calculated from the balances carried forward plus the periods 1 up to the key period you specify. Movement: This shows an analysis of the postings made between the two periods you specify. The balances carried forward are not taken into consideration. Opening: This shows the balances at the start of the year. The income statement accounts therefore show zero and the balance sheet accounts show the balances from the end of the previous year.

Smart SAP Assistant

• Key Concepts: 
  Financial statement type is a feature of the FI-GL General Ledger Accounting component of SAP. It is used to define the structure of financial statements, such as balance sheets and income statements. It also defines the layout of the financial statements, including the order in which accounts are listed and the way in which they are grouped.
  
  How to use it: 
  Financial statement types are created in the SAP system using transaction code OB58. The user must enter a name for the financial statement type, as well as a description and a currency. The user must then define the structure of the financial statement by assigning accounts to different levels and specifying how they should be grouped. Finally, the user must assign a chart of accounts to the financial statement type. 
  
  Tips & Tricks: 
  When creating a financial statement type, it is important to ensure that all accounts are assigned to the correct level and that they are grouped in a logical manner. This will make it easier for users to interpret the financial statements when they are generated. 
  
  Related Information: 
  For more information on creating financial statement types in SAP, please refer to SAP Help documentation or contact your local SAP support team.