What is data transfer in SAP FI-LC - Consolidation?

SAP Term: data transfer

• Component: FI-LC

• Component Name: Consolidation

• Description: The movement of individual financial statement data into the system, and the transmission of consolidation data to other systems. A data transfer method is specified for each company before data is imported into the system. For example, consolidation data can be transferred to the SAP Executive Information System or to other systems during step consolidation.

Smart SAP Assistant

• Key Concepts: 
  Data transfer is the process of moving data from one system to another. In the context of SAP FI-LC Consolidation, data transfer is the process of transferring data from one consolidation unit to another. This includes transferring data from the parent company to its subsidiaries, or vice versa. 
  
  How to use it: 
  Data transfer in SAP FI-LC Consolidation is done through the use of consolidation templates. These templates are used to define the data that needs to be transferred and how it should be transferred. Once the template is created, it can be used to transfer data between consolidation units. 
  
  Tips & Tricks: 
  When creating a consolidation template, it is important to ensure that all of the necessary fields are included in the template. This will ensure that all of the necessary data is transferred correctly. Additionally, it is important to test the template before using it for actual data transfer. 
  
  Related Information: 
  For more information on SAP FI-LC Consolidation and data transfer, please refer to SAP's official documentation on the topic. Additionally, there are many online resources available that provide tutorials and tips on how to use SAP FI-LC Consolidation and data transfer.