What is consolidation ledger in SAP FI-LC - Consolidation?

SAP Term: consolidation ledger

• Component: FI-LC

• Component Name: Consolidation

• Description: A ledger designed for recording the value movements for consolidation purposes.

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• Key Concepts: 
  The consolidation ledger is a component of the FI-LC Consolidation module in SAP. It is used to consolidate financial data from multiple companies into one set of financial statements. The consolidation ledger allows for the elimination of intercompany transactions, the elimination of unrealized gains and losses, and the elimination of minority interests. 
  
  How to use it: 
  The consolidation ledger is used to create a consolidated financial statement. This statement is created by combining the financial data from multiple companies into one set of financial statements. The consolidation ledger allows for the elimination of intercompany transactions, unrealized gains and losses, and minority interests. 
  
  Tips & Tricks: 
  When using the consolidation ledger, it is important to ensure that all data is accurate and up-to-date. Additionally, it is important to ensure that all intercompany transactions are eliminated correctly. 
  
  Related Information: 
  The consolidation ledger is part of the FI-LC Consolidation module in SAP. This module also includes other components such as the consolidation monitor, the consolidation workbench, and the consolidation report writer.