What is 'reversal' in SAP EPM-FC - SAP BusinessObjects Financial Consolidation?

reversal - Overview

• Component: EPM-FC

• Component Name: SAP BusinessObjects Financial Consolidation

• Description: The process of cancelling a journal entry by posting another journal entry with a reverse amount.

reversal - Details

• 
  Key Concepts: 
  Reversal is a feature in SAP BusinessObjects Financial Consolidation (EPM-FC) that allows users to reverse the effects of a previously posted transaction. This feature is useful for correcting errors or reversing transactions that have been posted in error. Reversal can be used to undo the effects of a single transaction or multiple transactions. 
  
  How to use it: 
  To use the reversal feature, users must first select the transaction they wish to reverse. Once the transaction has been selected, users can click on the “Reverse” button to initiate the reversal process. The reversal process will then undo the effects of the selected transaction and any related transactions. 
  
  Tips & Tricks: 
  When using the reversal feature, it is important to remember that only transactions that have been posted can be reversed. Additionally, it is important to note that any changes made to a transaction after it has been posted cannot be reversed. 
  
  Related Information: 
  For more information on using the reversal feature in SAP BusinessObjects Financial Consolidation (EPM-FC), please refer to the official SAP documentation.