What is validation group in SAP FI-LC - Consolidation?

SAP Term: validation group

• Component: FI-LC

• Component Name: Consolidation

• Description: A group that contains rules for checking the consistency of the data in the SAP System. A validation group is defined and then assigned to each company and subgroup.

Smart SAP Assistant

• Key Concepts: 
  Validation groups are used in the FI-LC Consolidation component of SAP to ensure that all data entered into the system is accurate and complete. Validation groups are used to define the criteria for validating data, such as the type of data, the range of values, and the format of the data. 
  
  How to use it: 
  Validation groups are created in the FI-LC Consolidation component of SAP by defining the criteria for validating data. This includes specifying the type of data, the range of values, and the format of the data. Once a validation group is created, it can be assigned to a specific field or set of fields in order to validate any data entered into those fields. 
  
  Tips & Tricks: 
  When creating validation groups, it is important to ensure that all criteria are specified accurately and completely. This will help ensure that all data entered into the system is accurate and complete. Additionally, it is important to test any validation groups before they are used in production. 
  
  Related Information: 
  Validation groups are just one of many features available in SAP's FI-LC Consolidation component. Other features include consolidation rules, currency conversion rules, and reporting options.