What is additional financial data in SAP EC-CS - Consolidation?

SAP Term: additional financial data

• Component: EC-CS

• Component Name: Consolidation

• Description: Information the system requires for certain functions in addition to, or as an alternative to, the data in the totals database which is comprised of balance sheet, income statement, and similar data. The system requires additional financial data for functions such as historical currency translation, elimination of interunit profit/loss in inventory, and consolidation of investments. The data for the consolidation of investments involves changes in investments, changes in equity, equity holdings adjustments, changes in goodwill, and changes in fair value differences.

Smart SAP Assistant

• Key Concepts: 
  Additional financial data is a feature of the EC-CS Consolidation component of SAP. It allows users to store and manage additional financial data, such as currency exchange rates, in the system. This data can then be used to generate reports and analyze financial performance. 
  
  How to use it: 
  To use additional financial data in the EC-CS Consolidation component, users must first create a new data set. This can be done by selecting the “Create Data Set” option from the main menu. Once the data set is created, users can enter the additional financial data into the system. 
  
  Tips & Tricks: 
  When entering additional financial data into the system, it is important to ensure that all of the information is accurate and up-to-date. This will help ensure that reports and analyses generated from the data are accurate and reliable. 
  
  Related Information: 
  The EC-CS Consolidation component also includes features such as currency conversion and consolidation of multiple companies’ financial statements. These features can be used in conjunction with additional financial data to generate more comprehensive reports and analyses.