What is reason for exemption from consolidation in SAP FI-LC - Consolidation?

SAP Term: reason for exemption from consolidation

• Component: FI-LC

• Component Name: Consolidation

• Description: The reasons why companies are not included in consolidation can be maintained in the system. These can be legal reasons, for example. A reason for exemption from consolidation can be assigned to a company in company maintenance.

Smart SAP Assistant

• Key Concepts: 
  Reason for exemption from consolidation is a feature of the FI-LC Consolidation component in SAP. This feature allows users to specify the reason why a particular company or group of companies is not included in the consolidation process. Reasons for exemption can include legal, financial, or other reasons. 
  
  How to use it: 
  In order to use this feature, users must first create a new reason for exemption from consolidation. This can be done by navigating to the FI-LC Consolidation component and selecting the “Create Reason for Exemption” option. Once the reason has been created, it can be assigned to any company or group of companies that should be excluded from the consolidation process. 
  
  Tips & Tricks: 
  When creating a new reason for exemption from consolidation, it is important to provide as much detail as possible. This will help ensure that all relevant information is included and that the reason is properly documented. Additionally, it is important to keep track of all reasons for exemption so that they can be easily referenced in the future. 
  
  Related Information: 
  For more information on using the reason for exemption from consolidation feature in SAP, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials and step-by-step instructions on how to use this feature.