What is standard valuation in SAP FI-LC - Consolidation?

SAP Term: standard valuation

• Component: FI-LC

• Component Name: Consolidation

• Description: The valuation of the individual financial statements of all group companies according to standard valuation criteria specified by corporate policy. This is achieved by posting standardizing entries to the individual financial statements of group companies, either decentrally in the accounting systems of the group companies or centrally in the system.

Smart SAP Assistant

• Key Concepts: 
  Standard valuation is a feature of the FI-LC Consolidation component of SAP software. It allows users to define a standard value for a particular item or group of items, which can then be used to calculate the value of the item or group of items in different currencies. This helps to ensure that the value of an item or group of items is consistent across different currencies.
  
  How to use it: 
  To use standard valuation, users must first define a standard value for an item or group of items. This can be done by entering the standard value in the relevant field in the FI-LC Consolidation component. Once this is done, the standard value will be used to calculate the value of the item or group of items in different currencies.
  
  Tips & Tricks: 
  When defining a standard value for an item or group of items, it is important to ensure that the value is accurate and up-to-date. This will help to ensure that the calculated values are accurate and consistent across different currencies.
  
  Related Information: 
  For more information on standard valuation and how to use it, please refer to the SAP Help documentation for FI-LC Consolidation.