What is selected item in SAP FI-LC - Consolidation?

SAP Term: selected item

• Component: FI-LC

• Component Name: Consolidation

• Description: The definition of selected financial statement items enables the SAP System to determine FS items when generating postings. Selected items are assigned to classification keys, up to three characters in length.

Smart SAP Assistant

• Key Concepts: 
  Selected item is a feature in the FI-LC Consolidation component of SAP software. It allows users to select specific items from a list of items and consolidate them into a single item. This feature is useful for consolidating multiple items into one, such as when consolidating financial statements or creating reports. 
  
  How to use it: 
  To use the selected item feature, users must first select the items they wish to consolidate. This can be done by selecting the items from a list or by entering specific criteria. Once the items have been selected, users can then consolidate them into a single item. This can be done by selecting the “Consolidate” option from the menu or by using the “Consolidate” button in the toolbar. 
  
  Tips & Tricks: 
  When using the selected item feature, it is important to remember that only items that meet the criteria specified will be consolidated. Therefore, it is important to ensure that all of the criteria are correct before consolidating. Additionally, it is important to remember that only items that are selected will be consolidated, so it is important to select all of the desired items before consolidating. 
  
  Related Information: 
  For more information on using the selected item feature in FI-LC Consolidation, please refer to SAP’s official documentation on the topic. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to use this feature.