What is individual financial statements in SAP EC-CS - Consolidation?

SAP Term: individual financial statements

• Component: EC-CS

• Component Name: Consolidation

• Description: The financial statements of an individual company. The individual financial statements form the basis for the consolidation, are collected periodically, and if needed, are version-dependent.

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• Key Concepts: 
  Individual financial statements are a feature of the SAP EC-CS Consolidation component. This feature allows users to create individual financial statements for each company in a consolidation group. The individual financial statements are based on the consolidated financial statements, but they provide more detailed information about each company's performance. 
  
  How to use it: 
  To use the individual financial statement feature, users must first create a consolidation group in the SAP EC-CS Consolidation component. Once the consolidation group is created, users can then create individual financial statements for each company in the group. The individual financial statements can be generated from the consolidated financial statements or from the individual company's data. 
  
  Tips & Tricks: 
  When creating individual financial statements, it is important to ensure that all of the data is accurate and up-to-date. It is also important to ensure that all of the companies in the consolidation group are included in the individual financial statements. 
  
  Related Information: 
  For more information about creating individual financial statements in SAP EC-CS Consolidation, please refer to the SAP Help documentation. Additionally, there are many online resources available that provide step-by-step instructions for creating individual financial statements in SAP EC-CS Consolidation.