When you copy the chart of accounts [COA], only one financial statement version [FSV] is being copied. However, a COA can have more than one FSV. Why does copying the COA allow only one FSV.

An FSV corresponds to the COA, wherein individual [Operational] accounts are assigned to corresponding financial statement items on the lowest level of the FSV. However, in case of rollup of the account, it is not possible to copy all of the FSVs you will have to manually create multiple FSVs, depending on the financial statement that are necessary for the organization.

Describe some generally used FI sub modules

FI-G/L – FI-G/L sub module: records all account data including all posting happening to subsidiary ledgers.

Accounts Receivable [FI-AR] – This sub module records all transactions relating to customer. FI-AR is treated as a subsidiary ledger of FI-GL. All transactions all relating to this module are recorded in a summary form in FI-GL.

Accounts Payable [FI-AP] – Like FI-AR, this sub module records transactions relating to vendors and is summarized in FI-GL.

Special Ledger [FI-SL] – This sub module takes care of special reporting requirements of an entity by providing G/L based on user-defined fields.

FI-AA – The FI-AA sub module takes care of recording transactions relating to assets. Here assets mean both tangible and intangible assets. FI-AA is also treated as a subsidiary ledger.

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