What is changes in balance sheet values in SAP FI-LC - Consolidation?

SAP Term: changes in balance sheet values

• Component: FI-LC

• Component Name: Consolidation

• Description: A worksheet that shows item values after various consolidation steps. For example changes as a result of: Local valuation of individual financial statements Standardizing entries to corporate valuation of individual financial statements Eliminating subgroup-consolidating entries to the final group valuation consolidated values.

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• Key Concepts: 
  Changes in balance sheet values is a term used in the FI-LC Consolidation component of SAP. This component allows users to consolidate financial data from multiple companies into one report. Changes in balance sheet values refer to the differences between the consolidated balance sheet of the parent company and the individual balance sheets of its subsidiaries. 
  
  How to use it: 
  The FI-LC Consolidation component of SAP allows users to compare the consolidated balance sheet of the parent company with the individual balance sheets of its subsidiaries. This comparison will show any changes in balance sheet values between the two. This can be used to identify any discrepancies or errors in the financial data. 
  
  Tips & Tricks: 
  When comparing the consolidated balance sheet of the parent company with the individual balance sheets of its subsidiaries, it is important to ensure that all data is up-to-date and accurate. This will help to ensure that any changes in balance sheet values are accurately identified and addressed. 
  
  Related Information: 
  The FI-LC Consolidation component of SAP is part of the Financial Accounting module. It can be used to consolidate financial data from multiple companies into one report, as well as compare consolidated and individual balance sheets. Other components within Financial Accounting include General Ledger, Accounts Payable, Accounts Receivable, and Asset Accounting.