What is ad hoc item in SAP FIN-CS - S4HANA Financial Consolidation?

SAP Term: ad hoc item

• Component: FIN-CS

• Component Name: S4HANA Financial Consolidation

• Description: An item, other than a financial statement item, that is created on an ad hoc basis as it is required. It facilitates the naming, collection, and reporting of a set of values.

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• Key Concepts: 
  Ad hoc items are entries in the SAP Financial Consolidation system that are not part of the standard consolidation process. They are used to manually enter data into the system, such as adjustments to the financial statements or other non-standard entries. Ad hoc items can be used to adjust the financial statements for one-time events or to correct errors in the data. 
  
  How to use it: 
  Ad hoc items can be created in the SAP Financial Consolidation system by selecting the “Create Ad Hoc Item” option from the menu. This will open a window where you can enter the details of the item, such as its name, description, and amount. Once you have entered all of the necessary information, you can save the item and it will be added to the consolidation process. 
  
  Tips & Tricks: 
  When creating an ad hoc item, it is important to make sure that all of the information is accurate and complete. This will ensure that the item is properly accounted for in the consolidation process. Additionally, it is important to keep track of all ad hoc items so that they can be easily identified and adjusted if necessary. 
  
  Related Information: 
  Ad hoc items are a powerful tool for making adjustments to financial statements in SAP Financial Consolidation. For more information on how to use ad hoc items, please refer to SAP’s documentation on Financial Consolidation.