What is eliminations and adjustments in SAP EPM-BPC - Business Planning and Consolidation?

SAP Term: eliminations and adjustments

• Component: EPM-BPC

• Component Name: Business Planning and Consolidation

• Description: A business rule that is used to perform a legal consolidation process in accordance with Generally Accepted Accounting Principles. This process generates postings that integrate results from subsidiary reporting entities into consolidated financial statements. Eliminations will be triggered according to rules based on the intercompany member, whereas adjustments will post reclassifications of accounts, regardless of the intercompany dimension.

Smart SAP Assistant

• Key Concepts: 
  Eliminations and adjustments are a feature of SAP EPM-BPC Business Planning and Consolidation (BPC) that allow users to adjust the financial data of a company in order to create a more accurate picture of the company’s financial performance. This feature allows users to eliminate or adjust any non-operating items, such as intercompany transactions, foreign exchange gains and losses, and other non-operating items. 
  
  How to use it: 
  Eliminations and adjustments can be used in BPC to adjust the financial data of a company. To do this, users must first identify the non-operating items that need to be eliminated or adjusted. Once these items have been identified, users can then enter the necessary adjustments into BPC. The adjustments will then be applied to the financial data of the company, creating a more accurate picture of the company’s financial performance. 
  
  Tips & Tricks: 
  When using eliminations and adjustments in BPC, it is important to ensure that all non-operating items are identified and adjusted correctly. This will help ensure that the financial data of the company is accurately represented. Additionally, it is important to keep track of any changes made to the financial data so that they can be easily reversed if necessary. 
  
  Related Information: 
  For more information on eliminations and adjustments in SAP EPM-BPC Business Planning and Consolidation, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed instructions on how to use this feature in BPC.