FINANCIALS, GROUP CLOSING, COMPLIANCE

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Created on February 20, 2014

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 TABLE OF CONTENT
1 Financials, Group Closing, Compliance

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 1 Financials, Group Closing, Compliance
Technical Data
Technical Name of Business Function FIN_ACC_GROUPCLOSE_2
Type of Business Function Enterprise Business Function
Available as of SAP Enhancement Package 3 for SAP ERP 6.0
Technical Usage Strategic Enterprise Mgmt
Application Component Business Consolidation (FIN-SEM-BCS)
Directly Dependent Business Function Requiring Activation FIN_ACC_GROUP_CLOSE
in Addition

You can use the Financials, Group Closing, Compliance business function to enhance the functions of the Business Consolidation (FIN-
SEM-BCS) component.

Prerequisites
You have installed the following components as of the version listed:
Type of component Component Only required for the following
functions
Software component SEM-BW 603
FINBASIS 603
SAP NetWeaver Business Intelligence As of SAP NetWeaver 7.00
(SAP NetWeaver BI)
Business Intelligence Content As of SAP NetWeaver 7.0 BI Content Add-
On 3 SP13

The Business Consolidation (FIN-SEM-BCS) application component is configured.

The Financials, Group Closing business function (FIN_ACC_GROUP_CLOSE) is activated.

Features
Approval Workflow for Documents from the Flexible Upload Function for Documents
You can initiate the document approval process from the function for the flexible upload of documents. A document is posted only after
all responsible users approve it.
Web-Based SEM-BCS Workflow Inbox
You use this function to access document approvals, monitor status change approvals, and sign-off task approvals in a Web browser. It
is an alternative to using the Business Workplace inbox and the universal worklist (UWL) in the Enterprise Portal.
Enhancements for Creating and Updating Comments
Two enhancements have been implemented for comments for approval processes:
You cannot change saved comments. You can only add new comments.
You can now author comments for the status change workflow.
Sign-Off of Financial Statements in the Consolidation Monitor
The sign-off task initiates the approval workflow for reported financial results. The persons responsible review and approve the
documents. The sign-off is the final step in the group close process.
New XBRL Functions in the SEM-BCS Workbench
The XBRL functions in the workbench support the XBRL 2.1 standard.
Worksets for the Local Accountant Monitor and Corporate Accountant Monitor in the Enterprise Portal
Worksets are available for accessing the local accountant monitor and the corporate accountant monitor using the Enterprise Portal.

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