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

SAP Term: reported financial data

• Component: EC-CS

• Component Name: Consolidation

• Description: Data that is transferred from the consolidation units to the system for the purpose of consolidation. Reported financial data can consist of individual financial statement data as well as data required for executing consolidation activities, or for the elimination of intercompany profit and loss.

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• Key Concepts: 
  Reported financial data is the financial information that is reported to external stakeholders, such as shareholders, creditors, and regulators. In SAP's EC-CS Consolidation component, reported financial data is used to create consolidated financial statements that accurately reflect the financial position of a company. 
  
  How to use it: 
  In SAP's EC-CS Consolidation component, reported financial data can be used to create consolidated financial statements. This includes creating a consolidated balance sheet, income statement, and cash flow statement. The reported financial data can also be used to create other reports such as segmental analysis reports and variance analysis reports. 
  
  Tips & Tricks: 
  When using reported financial data in SAP's EC-CS Consolidation component, it is important to ensure that the data is accurate and up-to-date. This will ensure that the consolidated financial statements are accurate and reliable. 
  
  Related Information: 
  SAP's EC-CS Consolidation component also allows users to create ad hoc reports using the reported financial data. These reports can be used to analyze trends in the company's performance or compare the performance of different business units.