What is consolidation rule in SAP EPM-FC - SAP BusinessObjects Financial Consolidation?

SAP Term: consolidation rule

• Component: EPM-FC

• Component Name: SAP BusinessObjects Financial Consolidation

• Description: A rule which is run on all types of amount original currency, converted or consolidated during consolidation for a given scope and reporting ID.

Smart SAP Assistant

• Key Concepts: 
  A consolidation rule is a set of instructions used to define how data is consolidated in SAP BusinessObjects Financial Consolidation (EPM-FC). It is used to define the consolidation process, such as which entities are included in the consolidation, how data is aggregated, and how the consolidated results are reported. 
  
  How to use it: 
  To use a consolidation rule, first create a consolidation rule template. This template defines the parameters of the consolidation process, such as which entities are included in the consolidation and how data is aggregated. Once the template is created, it can be applied to any number of consolidations. 
  
  Tips & Tricks: 
  When creating a consolidation rule template, it is important to consider the specific needs of your organization. For example, if you need to consolidate multiple currencies, you should create a separate template for each currency. This will ensure that all consolidations are done accurately and efficiently. 
  
  Related Information: 
  For more information on creating and using consolidation rules in SAP BusinessObjects Financial Consolidation (EPM-FC), please refer to the official documentation provided by SAP.