What is method change in SAP EC-CS - Consolidation?

SAP Term: method change

• Component: EC-CS

• Component Name: Consolidation

• Description: A change of the consolidation of investments C/I method used for a consolidation unit from one statement closing to the next. The need for changing the C/I method often arises when a consolidation unit buys or sells shares of another consolidation unit. For example, the equity method or proportional consolidation method may have to be changed to the purchase method, or vice versa.

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• Key Concepts: 
  Method change in SAP EC-CS Consolidation is a feature that allows users to switch between different consolidation methods. This feature is useful for companies that need to switch between different consolidation methods depending on the situation. For example, a company may need to switch from a proportional consolidation method to an equity consolidation method when dealing with subsidiaries. 
  
  How to use it: 
  To use the method change feature in SAP EC-CS Consolidation, users must first select the consolidation method they wish to use. This can be done by navigating to the “Consolidation” tab in the SAP system and selecting the desired method. Once the desired method has been selected, users can then switch between different methods by clicking on the “Method Change” button. 
  
  Tips & Tricks: 
  When using the method change feature in SAP EC-CS Consolidation, it is important to remember that all changes made will be applied to all entities within the consolidation group. Therefore, it is important to ensure that all entities are ready for the change before switching methods. Additionally, it is important to note that any changes made will be applied retroactively, so it is important to double-check all entries before switching methods. 
  
  Related Information: 
  For more information on using the method change feature in SAP EC-CS Consolidation, please refer to the official SAP documentation or contact your local SAP support team. Additionally, there are many online resources available that provide detailed tutorials and step-by-step instructions on how to use this feature.