| # Financial statements – overview In the Financial Statements (FST) module, you can define and print financial and consolidated statements. These statements can be based on various cross sections of your General Ledger account and dimension structure. You can also define cash flow statements, which can be based on cash flow reasons. Financial statements allow you to collect the desired financial values from the General Ledger and the Financial Budgeting System, and use this 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 print reports from these FST reporting tables directly from LN, or use the BIRT report functionality to print to PDF, HTML, and export to Excel or Word. You can also use an external reporting tool to create reports based on the FST reporting tables. In that case, you do not need to define a report layout nor link the layout code to the statement. You can choose to store detailed (Annexure) data in the FST reporting tables, and then use this data in an annexure report, or in analyzing sessions. You can create adjustment transactions for a financial statement. These transactions are not posted to the General Ledger, and are used for reporting purposes only. You can use the Financial Statements (FST) module to create consolidation reports for which you can enter elimination transactions. Financial statements can be in any currency for which rates have been defined. You can define and calculate ratios to be added to a statement. Using financial statements includes these steps: Set financial statement parameters Create statement layouts Note: This step is only required for printing statements directly from LN or by using BIRT. Create financial statements Printing directly from LN vs. using an external reporting tool Optional steps are described here: Adjustment and elimination transactions Data drilldown in financial statements If you intend to use an external reporting tool, refer to the following: Statement account structure for external reporting tool Set the Actual Value Code parameter Related topics Statement account structure for external reporting tool Ledger account and dimension structure Using dimensions |