SAP Preparations for Consolidation (FI)

Preparations for Consolidation (FI) is a document provided by SAP AG. This SAP FI article is intended for SAP System Administrators, Finance and Controlling (FICO) developer and SAP technology Consultants.

This Financial Accounting (FI) document explains you preparation for consolidation in the FI-LC and EC-CS systems such as its overview, general aspects of consolidation, consolidation of subsidiaries, consolidating company codes and business area consolidation, etc. Moreover you will learn integration of consolidation with other SAP modules, its implementation and sub categories such as consolidation of companies, consolidation of business units within a company, consolidation of business areas, consolidation of profit centers, and consolidation of product group, etc.

This SAP FI article covers following topics and more in detail.

• Preparations for Consolidation (FI)
• FI - Preparations for Consolidation in the FI-LC and EC-CS Systems
• Overview
• General Aspects of Consolidation
• Distribution Scenarios
• Key Structures
• Data Transfer Methods
• Comparison of Data Transfer Procedures: Periodic Extract, Real time Update and Roll up
• Creating Initial Data Sets in the Consolidation Staging Ledger and Consolidation
• Processing Ledger
• Initial Data Set in the Consolidation Staging Ledger
• Initial Data Set in the Consolidation Processing Ledger
• Consolidation of Subsidiaries (Legal Consolidation)
• Chart of Accounts
• Deriving and Assigning Trading Partners
• Currency Translation
• Deviating Valuations
• Valuating Fixed Assets
• Valuating Current Assets
• Transaction Types
• Consolidating Company Codes (Business Units)
• Business Area Consolidation
• Organizational Units ‘Business Area’ and ‘Consolidation Business Area’
• Financial Statement Presentation in Reporting
• Business Area and Partner Business Area Assignments

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Related SAP FICO Material

• SAP FI-LC Consolidation
  

SAP FI-LC Consolidation

SAP FI-LC Consolidation is a document provided by SAP AG. This SAP FI article is intended for SAP System Administrators, Finance and Controlling (FICO) developer and SAP technology Consultants.

This SAP Fi article explains you the purpose of FI-LC consolidation component for preparing individual financial statements of companies to a consolidated financial statement for a corporate group. With the help of this article you will learn to consolidate financial statements and is useful for SAP FI Consultants and programmers.

Following are the few topics covered in this SAP FI consolidation article.

• Consolidation (FI-LC)
• FI-LC Consolidation
• Consolidated Entity
• Companies
• Subgroups
• Ledgers
• Versions
• FS Chart of Accounts
• Overview
• Creating the FS Chart of Accounts
• Transaction Types
• Selected Items and Specifying Items
• Retained Earnings, Annual Net Income, and Appropriations
• Retained Earnings in the FS Chart of Accounts
• Sets
• Overview
• Set Maintenance
• Transaction Type Sets
• Partner Sets
• Currency Key Sets
• Elimination Sets
• Currency Translation Sets
• Sets for Additional Fields
• Individual Financial Statements
• Overview
• Managing the Consolidation Status
• Data Transfer
• Individual FS Data in Local or Group Currency
• Managing Contra Items and Calculating Retained Earnings
• Data Entry Forms
• Data Entry
• Database List
• Printing the Data Entry Form Audit Trail
• Validation Checks
• PC Data Entry with dBASE
• PC Data Entry with MS Access
• PC Data Entry with Interactive Excel
• Transferring Data from Other Systems
• Posting
• Document Types
• Posting Levels
• Number Ranges
• Adjustments to Net Income/Retained Earnings
• Deferred Taxes
• Consolidation Status
• Posting
• Posting with a Reference
• Validation of Entries
• Posting in Two Currencies
• Document Display and Journal Entry Reports
• Mass Reversal
• Currency Translation
• Overview
• Translation Methods
• Exchange Rates and Exchange Rate Indicators
• Translation Keys
• Handling Translation Differences
• Handling Rounding Differences
• Currency Translation
• Consolidation Status
• Translating Asset History Sheets Using the Spot Rate
• Proportional Consolidation
• Consolidation Activities
• Overview
• Creating Postings
• Inter company Elimination
• Elimination of Investment Income
• Re classifications
  
• Elimination of IC Profit/Loss in Inventory
• Elimination of IC Profit/Loss in Transferred Assets
• Bundling Consolidation Activities
• Consolidation of Investments
• Overview
• Purchase Method
• Proportional Consolidation
• Equity Method
• Customizing
• Copying Historical Data
• Performing Consolidation of Investments
• Simulations
• Consolidation of Investments Reports
• Group Reporting
• Overview
• Report Selection
• Printing Master Data, Financial Data and Control Parameters
• Journal Entry Reports
• Data Selection and Update
• Totals Reports
• Interactive Reporting
• Report Writer
• Data Extracts
• Database Lists and Reconciliation
• Ratios
• Reporting with Interactive Excel
• Special Functions
• Fiscal Year End
• Currency Devaluation
• Setting Up a New Subgroup
• Setting Up a New Version
• Copying and Deleting Company Data
• Transferring Historical Data
• Archiving
• Peculiarities of Periodic Consolidation
• Step Consolidation
• Transporting Table Settings and Sets

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Related SAP FICO Material

• SAP: Transfer of Legacy Assets to the R/3 System