What is 'Profit Center Eliminated' in SAP FIN-CS - S4HANA Financial Consolidation?

Profit Center Eliminated - Overview

• Component: FIN-CS

• Component Name: S4HANA Financial Consolidation

• Description: A virtual dimension created dynamically in reports to consolidate and eliminate internal operations between profit centers.

Profit Center Eliminated - Details

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  Key Concepts: 
  Profit Center Eliminated is a feature of the SAP S4HANA Financial Consolidation component. It allows users to eliminate the profit and loss of a profit center from the consolidated financial statements. This eliminates the need to manually adjust the financial statements for the profit and loss of the profit center. 
  
  How to use it: 
  To use Profit Center Eliminated, users must first set up a Profit Center Elimination rule in the SAP S4HANA Financial Consolidation component. This rule will define which profit centers should be eliminated from the consolidated financial statements. Once this rule is set up, users can then run the Profit Center Elimination process to eliminate the profit and loss of the specified profit centers from the consolidated financial statements. 
  
  Tips & Tricks: 
  When setting up a Profit Center Elimination rule, it is important to ensure that all of the necessary information is included in order for the process to run correctly. This includes specifying which profit centers should be eliminated, as well as any other relevant information such as currency or time period. 
  
  Related Information: 
  For more information on Profit Center Eliminated, please refer to SAP’s documentation on Financial Consolidation in S4HANA.