What is 'audit trail of posted records' in SAP FI-LC - Consolidation?

audit trail of posted records - Overview

• Component: FI-LC

• Component Name: Consolidation

• Description: An audit trail is a specific detailed report describing the activity and completion of a process - for example, a data entry form containing data. It can also be a reference accompanying an entry, or posting, to an underlying source record or document.

audit trail of posted records - Details

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  Key Concepts: 
  An audit trail of posted records is a feature of the FI-LC Consolidation component of SAP software. It is a record of all changes made to the financial data in the system, including the date and time of each change, who made it, and what was changed. This allows for an audit of the financial data to ensure accuracy and compliance with regulations. 
  
  How to use it: 
  The audit trail of posted records can be accessed through the FI-LC Consolidation component of SAP software. It is available in the “Audit Trail” tab, which can be found in the “Financials” section. Here, users can view a list of all changes made to the financial data, as well as details about each change. 
  
  Tips & Tricks: 
  It is important to regularly review the audit trail of posted records to ensure accuracy and compliance with regulations. Additionally, users should be aware that changes made to the financial data may not be immediately visible in the audit trail. 
  
  Related Information: 
  For more information about using the audit trail of posted records, please refer to SAP’s official documentation on FI-LC Consolidation. Additionally, users may find it helpful to consult with an experienced SAP consultant for further guidance.