What is translation entry in SAP EC-CS - Consolidation?

SAP Term: translation entry

• Component: EC-CS

• Component Name: Consolidation

• Description: A collection of financial statement items to be translated using the same translation key and exchange rate indicator. In the system, you can also create several translation entries for a financial statement item if the subitems assigned to the item are to be translated using different exchange rates.

Smart SAP Assistant

• Key Concepts: 
  Translation entry is a feature of the EC-CS Consolidation component of SAP. It allows users to translate the financial statements of a company from one currency to another. This is done by creating a translation entry for each currency pair, which contains the exchange rate and other relevant information. The translation entry is then used to convert the financial statements from one currency to another. 
  
  How to use it: 
  To use the translation entry feature, users must first create a translation entry for each currency pair. This can be done in the EC-CS Consolidation component of SAP. Once the translation entry has been created, users can then use it to convert the financial statements from one currency to another. 
  
  Tips & Tricks: 
  When creating a translation entry, it is important to ensure that the exchange rate is accurate and up-to-date. This will ensure that the financial statements are accurately converted from one currency to another. Additionally, it is important to keep track of all translation entries, as they can be used for future reference. 
  
  Related Information: 
  The translation entry feature is closely related to other features of the EC-CS Consolidation component of SAP, such as currency conversion and consolidation. Additionally, it is important to note that this feature can also be used in other components of SAP, such as FI-GL and CO-PA.