02 — Capability · BC-210
Accounting & Financial Reporting
Record every transaction the enterprise makes, close the books on a predictable cadence, and produce financial statements that leadership, auditors and regulators can rely on. The capability owns the ledger of record and the controls that keep it true.
- Controllership
- General Accounting
- Record to Report
- Financial Control
In scope
- The chart of accounts, the general ledger and the subledgers that feed it
- Period-end close, reconciliations and the journal entries that correct what feeds in
- Statutory and group financial statements and the disclosures that accompany them
- Internal controls over financial reporting and the evidence that they operated
Out of scope
- Budgets, forecasts and management commentary (see BC-220)
- Tax returns and the tax provision (see BC-240)
- Independent testing of controls (see BC-160)
Realized by · 6
- SAP S/4HANA · Financecore via BC-210.10
- SAP S/4HANA · Governance, Risk and Compliancepartial via BC-210.50
- Workday · Financial Managementstrong via BC-210.10
- Oracle Fusion Cloud Applications · Financialscore via BC-210.10
- Oracle Fusion Cloud Applications · Enterprise Performance Managementcore via BC-210.30
- Oracle Fusion Cloud Applications · Risk Management and Compliancepartial via BC-210.50
Used in · 6
- Lead-to-Cash · 07 Recognize Revenue via BC-210.10
- Record-to-Report · 01 Capture Transactions via BC-210.10
- Record-to-Report · 02 Reconcile & Adjust via BC-210.10
- Record-to-Report · 03 Close the Period via BC-210.10
- Record-to-Report · 05 Report & Disclose via BC-210.40
- Record-to-Report · 06 Assure Controls via BC-210.50
Build it · 0
- Nothing in the library points here yet.
Decomposes into · 5
- BC-210.10General Ledger & CloseKeep a single ledger of record that every subledger reconciles to, and close each period on a schedule the business can plan around rather than wait for.
- BC-210.20Fixed Assets & LeasesCarry long-lived assets and lease obligations on the books at the right value, from the day they are placed in service to the day they are retired or returned.
- BC-210.30Intercompany & ConsolidationCombine the results of every legal entity into one set of group figures, with transactions between entities matched and eliminated rather than double-counted.
- BC-210.40Financial Reporting & DisclosureTurn closed ledgers into financial statements and filings that meet the standards of each jurisdiction and regulator, with notes that say what the numbers alone cannot.
- BC-210.50Financial ControlsDesign and operate the controls that stop errors and fraud from reaching the financial statements, and keep the evidence that each control ran as designed.