| # Financial statements – overview In the Financial Statements (FST) module, you can define financial statements: account structures that consist of child statement accounts and parent statement accounts. At the bottom child level (level 0), the statement accounts are linked to ledger accounts and dimensions. Financial statements can be in any currency for which rates have been defined. Because currency rates may vary over time, gains and losses as a result of these rate variances can be booked to separate gain and loss accounts. Financial statements allow you to collect the desired financial values from the General Ledger and the Budgeting (FBS) modules, and use the financial data in reports. The statement values, including the year-to-date values, are calculated in LN, and stored in FST reporting tables. You can also print reports directly, or use the BIRT report functionality to print to PDF, HTML, and export to Excel or Word. To define and print the statement, you must first define its layout, and then link the layout code to the statement. You can choose to include detailed (Annexure) data in the report, have detailed data included in an annexure report, or shown in analyzing sessions. Using financial statements includes these steps: Create statement layouts Create financial statements Process financial statement information Related topics Data drilldown in financial statements To set up the statement account structure Ledger account and dimension structure To use dimensions |