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SEM-BCS Statistical FS Items (Statistical: Balance and Statistical: Flow)

former_member254616
Participant
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Dear Experts,

In SEM BCS, we have 2 types of Statistical FS Items. They are Statistical : Balance and Statistical: Flow. Please let me know what is the difference between these 2 type of FS Items?

Thanks in advance,

Best Regards,

Rama

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
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Hi Rama,

Let's look at it from the other side -there are two types of accounts in SEM-BCS to be carried forward (balance, like balance sheet accounts) and not to be carried forward in a new year (flow, like P&L accounts). These balance and flow accounts form the usual B/S and P&L. Statistical balance and flow accounts are the same as usual ones( i.e.,with and without BCF), but they do not participate in formation of usual accounting reports. They are usually used for either out-of-balance calculations or for some additional ones (like calculation of cash flow items, for example).

Former Member
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Hi Eugene,

just to clarify cash flow statement is part of the normal "actuals" reporting and not simply an additional one (at least according to US GAAP). it can be derived from the BS and P&L, but it's part of the "actuals", ie. providing information to shareholders about economic events that allow assessment of viability, profitability, liquidity, etc of an enterprise.

statistical items are usually not part of "actuals" statements and provide information in addition to "actuals". in case of doubt, it's best to ask your auditor.

Respectfully,

greg

Former Member
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Hi Greg,

We talk about different things.

I didn't mean that the cash flow is a pure technical draft not to be disclosed to the shareholders.I meant that from the accounting point of view only accounts comprising the trial balance must be balanced (the sum of all mentioned accounts = 0). The other accounts, including the most of cash flow items, regardless of their presentation to the shareholders in the form of any reports in SEM-BCS system will be either statistical ones, or B/S or flow accounts, but outside of the reporting balance sheet or P&L.

Former Member
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Eugene,

you are right, financial statements are more than just a trial balance. so, the simplest way to explain it is to look at statistical balance as "as of" amounts and statistical flow as "for period of", cash flow statement is not part of trial balance but it's part of financial statements and there is nothing statistical about disclosing the changes in the cash position of an entity. we need to keep the separation clear between the internal working trial balance that is subject to closing and adjustment, and the financial statements that are official disclosure of a business to its owners and creditors.

i also think we are talking about statistical B/S and statistical flow or two rather than three types of statistical accounts, unless i'm not reading your last sentence correctly. it seems that some of the statistical items can be interpreted as actual reported (cash flow) items which to me is not valid. please correct me if i'm wrong.

best regards,

greg

dan_sullivan
Active Contributor
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Greg, In some cases the details are not always available in the source ledgers and/or subassignments. Therefore it is not uncommon to supplement the necessary details via statistical accounts. In my cases I may include a validation to ensure the statistical items reconcile to their corresponding balance sheet or P&L item. I hope this helps explain what Eugene was referring to.

Former Member
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Concur with Dan,

For me it's a typical situation when almost every totals figure in the B/S and P&L has the details ( and not always just one). For example, A/R might be detailed by:

- Partner-

- ageing of indebtedness

- type of indebtedness

- segment

etc.

There is no real alternarives to keep all these details other than on statistical accounts. And all this information is "actual". Some details might form some reports presented to shareholders.

So, the bottomline: let's forget about consolidation reporting in general, and talk about some technical particulars of SEM-BCS (which are statistical items).

Former Member
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Gentlemen,

i appreciate your explanations and i'm so glad that Rama asked the original question. however, while from the purely technical point of view they make a lot of sense, i have to somehow connect them to the financial disclosures required for all SEC registrants, especially when XBRL is taken into consideration. i can't imagine stopping short of this final 'last mile' requirement. otherwise, we end up with spreadsheets and macros, the use of which i think we all are trying to minimize.

thank you.

former_member254616
Participant
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Dear Gregory and Eugene,

Thanks a lot for your replies..You both have given me a Clear picture of the Statistical fs items.

Thanks  a lot once again.

Best Regards,

Rama

Answers (1)

Answers (1)

Former Member
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Hi Rama,

my understanding is that statistical items are for whatif scenarios and are not part of reported financial data (actuals). also, have you seen this answer?  http://scn.sap.com/message/2001211#2001211