What is statutory scope in SAP EPM-FC - SAP BusinessObjects Financial Consolidation?

SAP Term: statutory scope

• Component: EPM-FC

• Component Name: SAP BusinessObjects Financial Consolidation

• Description: The settings for statutory consolidations. This includes the statutory companies in the group, the consolidation rates and methods to be applied and the stockholdings.

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• Key Concepts: 
  Statutory scope is a feature of SAP BusinessObjects Financial Consolidation (EPM-FC) that allows users to define the scope of their consolidation process. This feature enables users to define which entities and periods should be included in the consolidation process. It also allows users to define which consolidation rules should be applied to the entities and periods. 
  
  How to use it: 
  To use the statutory scope feature, users must first define the entities and periods that should be included in the consolidation process. This can be done by selecting the appropriate entities and periods from a list of available options. Once the entities and periods have been selected, users must then define which consolidation rules should be applied to them. This can be done by selecting the appropriate rules from a list of available options. 
  
  Tips & Tricks: 
  When defining the statutory scope, it is important to ensure that all relevant entities and periods are included in the consolidation process. This will ensure that all relevant data is included in the consolidated financial statements. Additionally, it is important to ensure that all relevant consolidation rules are applied to the entities and periods. This will ensure that all relevant data is accurately consolidated. 
  
  Related Information: 
  For more information on how to use the statutory scope feature of SAP BusinessObjects Financial Consolidation (EPM-FC), please refer to the official documentation provided by SAP. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature.