Financial Reporting application setup There are several components of the Financial Reporting application that you must set up before you can use the showback feature for a business service. What do I do next As a first step you must define a business service because based on the service that you offer and the utilization of the service, the showback statement is generated for a fiscal period, as a report, for the business unit that utilized the service. To measure the business services utilized and the resources used in terms of cost, the showback statement uses statement items. Statement items capture the source from where the cost details have to be retrieved. Determine the type of the statement item which in turn determines the source from where the cost data is retrieved. Determine the statement item typeDetermine the type of statement item as a first step to create a statement item. Or, you must determine the source from where the consumption or usage details and the cost of consumption data would be retrieved.Drill down within a statement itemYou can drill down within a statement item to visualize a subset of its data.Define, generate, and publish a showback statementShowback tells the consumers what it costs a service organization such as IT to deliver services to them. Defining a showback statement helps to capture the reporting entity (for example, a business unit) to whom you want the showback statement to be reported to. The showback statement is a collection of charges representing the statement items (the services consumed by the business unit) and is generated for a fiscal period.