What is reported financial data in SAP FIN-CS - S4HANA Financial Consolidation?

SAP Term: reported financial data

• Component: FIN-CS

• Component Name: S4HANA Financial Consolidation

• Description: Data that is transferred from the consolidation units to the Consolidation system for the purpose of consolidation. Reported financial data can consist of individual financial statement data as well as data required for executing consolidation activities.

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• Key Concepts: 
  Reported financial data is the information that is reported to external stakeholders, such as shareholders, creditors, and regulators. This data is typically used to assess the financial health of a company and make decisions about investments or other financial matters. In SAP S4HANA Financial Consolidation, reported financial data is used to create consolidated financial statements that provide an accurate picture of a company's financial position. 
  
  How to use it: 
  In SAP S4HANA Financial Consolidation, reported financial data can be used to create consolidated financial statements. This process involves collecting and consolidating data from multiple sources, such as subsidiaries, joint ventures, and other entities. The consolidated financial statements can then be used to assess the overall financial health of a company and make decisions about investments or other financial matters. 
  
  Tips & Tricks: 
  When creating consolidated financial statements in SAP S4HANA Financial Consolidation, it is important to ensure that all reported financial data is accurate and up-to-date. This will help ensure that the consolidated financial statements provide an accurate picture of a company's financial position. Additionally, it is important to ensure that all relevant data sources are included in the consolidation process. 
  
  Related Information: 
  For more information on using SAP S4HANA Financial Consolidation to create consolidated financial statements, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for using this software.