What is 'accounting technique' in SAP EC-CS - Consolidation?

accounting technique - Overview

• Component: EC-CS

• Component Name: Consolidation

• Description: A method for consolidating investments in investee units. SAP supports the following techniques for the accounting for business combinations: Purchase method Proportional consolidation Equity method Mutual stock method Cost method

accounting technique - Details

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  Key Concepts: 
  Accounting technique is a method used to record and report financial information. In the context of SAP EC-CS Consolidation, it is used to consolidate financial data from multiple companies into one set of financial statements. This technique helps to ensure that the consolidated financial statements are accurate and up-to-date. 
  
  How to use it: 
  In SAP EC-CS Consolidation, accounting technique is used to consolidate financial data from multiple companies into one set of financial statements. This is done by creating a consolidation group, which contains all the companies that need to be consolidated. The consolidation group is then used to create a consolidation template, which defines the rules for how the data should be consolidated. Once the template is created, the data can be consolidated using the consolidation tool. 
  
  Tips & Tricks: 
  When using accounting technique in SAP EC-CS Consolidation, it is important to ensure that all the companies in the consolidation group are up-to-date with their financial information. This will help ensure that the consolidated financial statements are accurate and up-to-date. Additionally, it is important to review the consolidation template regularly to ensure that it is still valid and up-to-date. 
  
  Related Information: 
  For more information on accounting technique in SAP EC-CS Consolidation, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_EC-CS_Consolidation/latest/en-US