What is statutory reporting variant in SAP FS-SR - Regulatory reporting for insurance companies?

SAP Term: statutory reporting variant

• Component: FS-SR

• Component Name: Regulatory reporting for insurance companies

• Description: The area of the statutory reporting component that contains all functions and settings covering the specific legal requirements acco rding to which a company must report. This includes settings in the implementation guide, among others. &EXAMPLE& The DE-V statutory reporting variant can be used to report in accordance with the insurance supervision reporting requirements for Germany.

Smart SAP Assistant

• Key Concepts: 
  Statutory reporting variant is a feature of the FS-SR Regulatory Reporting for Insurance Companies component of SAP. It allows users to create and manage different reporting variants for different countries or regions. This helps to ensure that the reports generated are compliant with local regulations. 
  
  How to use it: 
  To use the statutory reporting variant feature, users must first create a reporting variant. This can be done by selecting the relevant country or region from the drop-down list and then entering the required information. Once the reporting variant is created, users can then generate reports based on this variant. 
  
  Tips & Tricks: 
  When creating a reporting variant, it is important to ensure that all of the required information is entered correctly. This will help to ensure that the reports generated are accurate and compliant with local regulations. Additionally, it is important to keep track of any changes made to the reporting variant as these may affect the accuracy of the reports generated. 
  
  Related Information: 
  For more information about statutory reporting variants, please refer to SAP's documentation on FS-SR Regulatory Reporting for Insurance Companies. Additionally, there are several online resources available which provide detailed information about this feature and how to use it effectively.