What is statistical company in SAP FI-LC - Consolidation?

SAP Term: statistical company

• Component: FI-LC

• Component Name: Consolidation

• Description: A company that is established to accept specific types of entries - for example, non group payables or receivables. It is used during the breakdown of a financial statement item by trading partners. In this case, a partial breakdown can occur, whereby the value of the financial statement is split into parts that can be assigned to different trading partners and the remainder is assigned to the statistical company. A statistical company should not be assigned to a subgroup.

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• Key Concepts: 
  A statistical company is a type of company in the SAP FI-LC Consolidation component. It is used to represent a group of companies that are consolidated together for reporting purposes, but are not legally merged. The purpose of a statistical company is to provide a consolidated view of the financial data of the companies in the group, without having to actually merge them. 
  
  How to use it: 
  In order to use a statistical company, you must first create it in the SAP system. This can be done by going to the FI-LC Consolidation component and selecting “Create Statistical Company” from the menu. Once created, you can then assign the companies that you want to consolidate to the statistical company. This will allow you to view their financial data in a consolidated view. 
  
  Tips & Tricks: 
  When creating a statistical company, it is important to make sure that all of the companies that you want to consolidate are assigned to it. This will ensure that all of their financial data is included in the consolidated view. Additionally, it is important to note that a statistical company does not have any legal implications and does not actually merge the companies together. 
  
  Related Information: 
  For more information on how to use a statistical company in SAP FI-LC Consolidation, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use this feature.