What is validation in SAP FI-LC - Consolidation?

SAP Term: validation

• Component: FI-LC

• Component Name: Consolidation

• Description: The process of checking values and combinations of values as they are entered into the SAP System. Entered values are checked against a user-defined Boolean statement this is a prerequisite. If the statement is true, the SAP System validates the data using a second Boolean statement as a check. If the check statement is true, the SAP System posts the data. If the check statement is false, it issues a user-defined message. Depending on the message type, the posting may be blocked. Validation occurs before the data is posted, so that only valid data is posted.

Smart SAP Assistant

• Key Concepts: 
  Validation is a process in SAP FI-LC Consolidation that checks the consistency of data entered into the system. It ensures that all data is accurate and complete before it is used for further processing. Validation can be done manually or automatically, depending on the system configuration. 
  
  How to use it: 
  Validation can be done manually by entering data into the system and then checking it against a set of rules or criteria. This can be done by using the validation tool in SAP FI-LC Consolidation. Alternatively, validation can be done automatically by setting up rules or criteria in the system configuration. 
  
  Tips & Tricks: 
  When setting up validation rules, it is important to ensure that they are comprehensive and cover all possible scenarios. This will help to ensure that all data entered into the system is accurate and complete. Additionally, it is important to regularly review and update validation rules to ensure they remain relevant and up-to-date. 
  
  Related Information: 
  For more information on validation in SAP FI-LC Consolidation, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information on how to use and configure validation in SAP FI-LC Consolidation.