What is standard valuation in SAP EC-CS - Consolidation?

SAP Term: standard valuation

• Component: EC-CS

• Component Name: Consolidation

• Description: A valuation of the reported financial data of all consolidation units according to standard valuation criteria specified by corporate policy. This is achieved by posting standardizing entries to the financial data of the consolidation units, either decentrally in the operational systems or centrally in the system.

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• Key Concepts: 
  Standard valuation is a feature of the EC-CS Consolidation component of SAP. It allows companies to define and maintain a standard valuation for their financial consolidation process. This helps to ensure that all financial data is accurately and consistently reported across the organization. 
  
  How to use it: 
  Standard valuation can be used to define a standard value for each financial item in the consolidation process. This value can then be used to calculate the consolidated financial statements. The standard valuation can also be used to compare different financial items across different periods or entities. 
  
  Tips & Tricks: 
  When setting up standard valuation, it is important to ensure that the values are accurate and consistent across all entities and periods. This will help to ensure that the consolidated financial statements are accurate and reliable. 
  
  Related Information: 
  For more information on standard valuation, please refer to the SAP Help documentation for EC-CS Consolidation.