What is consolidation using plan values in SAP FI-LC - Consolidation?

SAP Term: consolidation using plan values

• Component: FI-LC

• Component Name: Consolidation

• Description: A simulation of consolidated financial statements using predicted or planned data. In the application, consolidation with plan values can be realized using versions.

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• Key Concepts: 
  Consolidation using plan values is a feature of the SAP FI-LC Consolidation component. It allows users to consolidate financial data from multiple companies into one set of consolidated financial statements. This feature allows users to create a plan value for each company, which is then used to calculate the consolidated financial statements. 
  
  How to use it: 
  To use this feature, users must first create a plan value for each company in the consolidation. This plan value is used to calculate the consolidated financial statements. Once the plan values have been created, users can then use the consolidation feature to generate the consolidated financial statements. 
  
  Tips & Tricks: 
  When creating plan values for each company, it is important to ensure that they are accurate and up-to-date. This will ensure that the consolidated financial statements are accurate and reliable. Additionally, it is important to review the plan values regularly to ensure that they remain accurate and up-to-date. 
  
  Related Information: 
  For more information on consolidation using plan values, please refer to the SAP FI-LC Consolidation documentation. Additionally, there are many online resources available that provide detailed information on how to use this feature.