What is statutory consolidation in SAP EC-CS - Consolidation?

SAP Term: statutory consolidation

• Component: EC-CS

• Component Name: Consolidation

• Description: The organizations being combined transfer their assets to a new organization created for this purpose.

Smart SAP Assistant

• Key Concepts: 
  Statutory consolidation is a process used to combine the financial statements of multiple legal entities into one consolidated financial statement. This process is used to ensure that the consolidated financial statement accurately reflects the financial position of the entire group. The EC-CS Consolidation component of SAP provides a comprehensive solution for statutory consolidation, allowing users to quickly and accurately consolidate financial statements from multiple legal entities. 
  
  How to use it: 
  The EC-CS Consolidation component of SAP allows users to easily consolidate financial statements from multiple legal entities. The component provides a range of features, including the ability to define consolidation rules, create consolidation plans, and generate consolidated financial statements. Additionally, users can use the component to analyze and compare consolidated financial statements from different periods. 
  
  Tips & Tricks: 
  When using the EC-CS Consolidation component of SAP, it is important to ensure that all data is accurate and up-to-date. Additionally, users should take advantage of the component’s features for analyzing and comparing consolidated financial statements from different periods in order to identify any discrepancies or potential issues. 
  
  Related Information: 
  For more information on the EC-CS Consolidation component of SAP, please refer to the official SAP documentation or contact your local SAP representative. Additionally, there are a number of online resources available that provide detailed information on statutory consolidation and how to use the EC-CS Consolidation component of SAP.