What is consolidation method in SAP EPM-BPC - Business Planning and Consolidation?

SAP Term: consolidation method

• Component: EPM-BPC

• Component Name: Business Planning and Consolidation

• Description: An accounting method available for use in the consolidation of an entity. Examples include Full or Global, Proportional, and Equity.

Smart SAP Assistant

• Key Concepts: 
  Consolidation method is a feature of SAP Business Planning and Consolidation (EPM-BPC) that allows users to combine financial data from multiple sources into a single report. This feature enables users to quickly and accurately analyze financial data from multiple entities, such as subsidiaries, divisions, or departments. The consolidation method also allows users to compare financial data across different entities and identify trends or discrepancies.
  
  How to use it: 
  To use the consolidation method, users must first define the entities they wish to consolidate. This can be done by creating a consolidation group in the EPM-BPC system. Once the entities have been defined, users can then select the appropriate consolidation method for their needs. The available methods include full consolidation, partial consolidation, and elimination. After selecting the desired method, users can then enter the financial data for each entity into the system.
  
  Tips & Tricks: 
  When using the consolidation method, it is important to ensure that all of the financial data is accurate and up-to-date. Additionally, users should be aware of any differences in accounting standards between entities that could affect the accuracy of the consolidated report.
  
  Related Information: 
  For more information on using the consolidation method in SAP Business Planning and Consolidation (EPM-BPC), please refer to SAP’s official documentation on the topic. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature.