Understanding Financial Reports for Beijing, Guangzhou, and Shanghai
China has a standardized chart of accounts, which is used to create balance sheets and income statements. The country has different balance sheets and income statement formats for different businesses, as well as different formats for state-owned and foreign-invested businesses.
The cities of Beijing, Guangzhou, and Shanghai require that you report financial data according to the Chinese reporting formats for each city. The chart of accounts for your organization might not correlate to the codes that each city requires. To produce the financial reports in the layout that is required by each city, you must link your chart of accounts to the Chinese reporting codes that are provided by the cities of Beijing, Guangzhou, and Shanghai.
To link your chart of accounts to the Chinese reporting codes, you can use account category codes 21–43 in system 09. The values for these category codes are stored in the F0901 table.
The Chinese reporting codes and layout details for financial reports are in separate UDC tables for system 75C. These UDC tables contain layout information, such as line numbers and headings for section totals, and the reporting code information, such as descriptions of accounts. The values in the UDC tables for system 75C exist merely as a method to deliver the reporting codes and layout information to you; the system does not read the values from system 75C when you run the reports.
Before the system can read the values for the Chinese reporting codes and layout details, you must copy the values from the UDC tables in system 75C to category codes 21–43 in system 09 by running the Copy UDC from F0005 and F0005D program (R090005). The values must be copied to system 09 because they must be associated with your chart of accounts.
See Copying UDC Values for Financial Reports for China.
After you copy the reporting codes and layout detail values to system 09, you can use the Accounts program (P0901) to link the values to accounts in your chart of accounts if your user display preference is set to China (CN). The system prints the amounts from your chart of accounts in the correct place on the financial reports, according to the appropriate layout. After you link your chart of accounts to the reporting codes, you can verify that the accounts are correctly associated by running the Account Master reports.
See Associating Your Chart of Accounts to the Chinese Reporting Codes.
See Printing Account Master Reports for China.
When you run a financial report for Beijing, Guangzhou, or Shanghai, the system reads the Account Master (F0901) and Account Balances (F0902) tables and writes the summarized data to the China Financial Report Staging Work File table (F75CUI2). The system reads the data in table F75CUI2, reads the appropriate UDC table, performs calculations, and formats the data as it writes the data to the China Financial Report Work File table (F75CUI1). The system then writes the formatted data to the report, according to the processing option settings.
In addition to specifying the category codes value to use for the report layout, you complete processing options to specify how the system scales the numerical values on the report, whether the reports shows decimals, how the report displays negative numbers, and whether the system produces the report in English or Chinese. Some reports let you specify that the system prints the report in English or Chinese, or both.
You can produce the Chinese financial reports in Simplified Chinese or in English. Some reports can also be produced in both Simplified Chinese and English. You should verify with the Chinese government of each province the language in which you must submit the reports for that province.